‘Expect Europeans to do their share now’: US holds back on China tariffs; Bessent says Europe must act first on Russian oil

File photo: US treasury secretary Scott Bessent (Picture credit: AP) US treasury secretary Scott Bessent said on Monday that the Trump administration will not move ahead with new tariffs on Chinese goods over Beijing’s Russian oil purchases unless European countries impose steep duties of their own.Speaking in a joint interview with Reuters and Bloomberg, Bessent…

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India-US trade deal: First in-person talks since Donald Trump imposed 50% tariffs; what to expect

This is the first face-to-face trade discussion since US President Donald Trump levied punitive tariffs on New Delhi. (AI image) India and the US are set to resume bilateral trade deal talks on Tuesday with Donald Trump administration’s Brendan Lynch, the assistant US Trade Representative for South and Central Asia, heading the delegation.This is the…

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Employment rate: Joblessness dips for 2nd month as figure eases to 5.1% in August; rural, male categories drive fall

India’s unemployment rate for people aged 15 years and above eased to 5.1 per cent in August 2025, marking a second consecutive month of decline, according to the latest Periodic Labour Force Survey (PLFS) released by the ministry of statistics and programme implementation (MoSPI) on Monday.The rate had stood at 5.2 per cent in July…

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RBI tightens rules for offline payments

MUMBAI: RBI on Sept 15 issued new directions for payment aggregators (PAs), mandating stricter merchant vetting and extending oversight to physical payments.RBI’s directions make PAs the first line of defense against fraud by requiring stronger KYC and risk-based due diligence, with larger merchants facing tighter checks. For the first time, offline PAs handling proximity payments…

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Trade gap narrows: Exports rise 7%, imports decline 10%

NEW DELHI: Goods exports rose 6.7% to $35.1 billion in Aug – possibly due to exporters advancing shipments to beat higher US tariffs – while imports dropped 10% to $61.6 billion, helping narrow the trade deficit.“Despite global uncertainty, the trade policy uncertainty, India’s exports have done extremely well. It shows that the policies have worked…

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Govt asks e-tailers to promote GST rejig

MUMBAI: Govt has directed e-commerce firms to disseminate information about the GST reforms on their platforms. In a meeting held last week, it was suggested that platforms run a ‘GST Bachat Utsav’ campaign on their portals for 100 days starting Sept 22. Firms were also asked to reflect GST reduction in the bill. “All the…

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