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TREND | 07 Jun 2025

Trump-backed tax bill aims to undo Obama and Biden policy milestones

Business Standard

Chiseling away at President Barack Obama's Affordable Care Act. Rolling back the green energy tax breaks from President Joe Biden's Inflation Reduction Act. At its core, the Republican big, beautiful bill is more than just an extension of tax breaks approved during President Donald Trump's first term at the White House. The package is an attempt by Republicans to undo, little by little, the signature domestic achievements of the past two Democratic presidents. We're going to do what we said we were going to do, Speaker Mike Johnson said after House passage last month. While the aim of the sprawling 1,000-page plus bill is to preserve an estimated USD 4.5 trillion in tax cuts that would otherwise expire at year's end if Congress fails to act and add some new ones, including no taxes on tips the spending cuts pointed at the Democratic-led programmes are causing the most political turmoil. The nonpartisan Congressional Budget Office said this week that 10.9 million fewer people wou

India Macro Indicators

TREND | 07 Jun 2025

HDI has a heavy income bias

Business Line

As income is an important component of development, the low per capita GDP in India may limit significant progress in HDI

Naidu pushes forVisakha Economic Region' as the growth engine of Andhra Pradesh

Business Line | 06 Jun 2025 1 more

India Macro Indicators

TREND | 06 Jun 2025

MPC fires policy bazooka: repo rate cut 50 bps, CRR slashed 100 bps

Business Line

Inflation outlook improves, allowing RBI room for pro-growth shift

India Macro Indicators

TREND | 06 Jun 2025

Home Loan Interest Rates In June 2025: SBI, HDFC Bank, PNB, ICICI Bank And Others; Check Latest Rates

NDTV Profit

The central bank has announced a 50 basis points rate cut, which means that EMIs on home and other loans are expected to decrease soon.

India Macro Indicators

TREND | 06 Jun 2025

Asia Sees Trump's 5%-Of-GDP Defense Spending Goal As Unrealistic

NDTV Profit

Bond markets are already nervous about burgeoning budget shortfalls, making arms upgrades a source of financial, not just geopolitical, risk.

India Macro Indicators

TREND | 05 Jun 2025

Retail inflation likely to ease to 6-year low of 3% in May on cooling food prices: UBI

Business Line

Effectively, overall inflation declined 18 basis points in April 2025 compared to last year's period. According to the data, core inflation remained almost flat at 4.09% in April, while core inflation excluding gold stayed unchanged at 3.3%

Inflation data threatened by US government's hiring freeze as tariffs loom

Business Standard | 05 Jun 2025

India Macro Indicators

TREND | 04 Jun 2025

India opposed, but ADB approved $800 million loan to Pakistan

Business Line

Despite India's warnings on fund misuse and Pakistan's declining debt-to-GDP ratio, ADB approved the controversial financing package

India Macro Indicators

TREND | 04 Jun 2025

India's stainless steel demand to grow 7-8% annually over 2-3 years: ISSDA

Business Standard

The demand for stainless steel in the country is expected to grow in the range of 7-8 per cent Y-O-Y over the next three years, the Indian Stainless Steel Development Association (ISSDA) said on Wednesday. The overall consumption of stainless steel reached 4.8 million tonnes in FY25, registering a Year-On-Year (Y-O-Y) growth of about 8 per cent, ISSDA President Rajamani Krishnamurti said at the Global Stainless-Steel Expo 2025 (GSSE 2025). Around 10,000 industry leaders, policy makers and experts from India and abroad, as well as government representatives, are attending the event. "India is likely to retain the highest GDP growth among economies of the world. The stainless steel demand is expected to grow by 7-8 per cent in the next 2-3 years," Krishnamurti told participants at the three-day conference. The per capita steel consumption in India stands at around 3.4 kg as against the world average of over 6 kg, he added. Low consumption as against the world average provides a grea

India Macro Indicators

TREND | 04 Jun 2025

Dollar edges down as trade tensions simmer ahead of jobs data

Economic Times

The dollar weakened as investors awaited United States job data. Trade talks involving President Trump are also in focus. A deadline for trade offers is set, alongside potential tariff hikes. Trump may speak with Chinese President Xi Jinping. Macroeconomic data influences the dollar. The Australian dollar remained steady before GDP data. South Korea's won rose after Lee Jae-myung's presidential win.

India Macro Indicators

TREND | 04 Jun 2025

Loan Prepayment In 2025: Does It Still Make Sense As Interest Rates Cool Off?

NDTV Profit

Mostly, banks revise the interest rates on home loans and personal loans with every repo rate cut to pass on the benefits to the customers, as they get the money from the RBI at a lower rate.