Thursday, September 10
U.S. President Donald Trump gathered European leaders and Ukrainian President Volodymyr Zelenskiy for a hastily arranged White House meeting on Monday to discuss a path to ending Russia's war in Ukraine. Here are takeaways from the talks: WARM TONE, LITTLE SUBSTANCESeven European leaders, the Ukrainian president, their motorcades, dozens of Trump administration staff and more than 100 journalists swarmed the White House campus on Monday in anticipation of the unusual meeting. Would Trump and Zelenskiy agree on a path to peace? Or would their latest Oval Office session devolve into a bitter squabble as in February? Neither scenario occurred. Zelenskiy, chided for his appearance and manner in February, adjusted both. Wearing more formal clothing and repeatedly expressing his gratitude to Tru
A parliamentary panel on Tuesday pitched for raising the investment rate from 31 per cent of the GDP to 35 per cent to achieve the ambitious growth target of 8 per cent. The Standing Committee on Finance also urged the government to maintain sustainable, growth-oriented energy policies that prioritise affordability and efficiency while balancing climate commitments with economic and social objectives. The committee headed by BJP leader Bhartruhari Mahtab also suggested that the Ministry/Central Electricity Authority (CEA) expedite the development of pumped storage projects (PSPs), recognising their critical role in strengthening energy security and reducing import dependency. The panel noted that the investment rate must increase to about 35 per cent of the gross domestic product (GDP) fro
Parliament on Tuesday passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2025 that aims to further liberalise, modernise and make India's mineral sector more dynamic, especially with a focus on critical and strategic minerals. The bill, which seeks to amend the original Mines and Minerals (Development and Regulation) Act, 1957, was passed in Lok Sabha on August 12. Rajya Sabha passed it with a voice vote. About 19 members participated in the debate and shared some constructive suggestions. Replying to the debate on the bill, Union Minister of Coal and Mines G Kishan Reddy said the Prime Minister Narendra Modi-led government has taken revolutionary reforms in the coal and mine sector in the last ten years. In critical minerals, the country is dependent on imports due
Mumbai: Yields on the benchmark Indian sovereign bonds Monday climbed the most in more than 14 months after Prime Minister Narendra Modi, in his I-Day address, announced fewer and likely lower slabs for indirect taxes. That could lower federal revenues and fuel the need to borrow more, bank treasury officials said.Yield on the 10-year paper, the risk-free reference frame for pricing loans across the economy, rose about 10 basis points in the sharpest single-day increase since early June 2024. It closed at 6.50% on Monday - a full percentage point more than the policy repo rate - from Thursday's close of 6.40%.One basis point is a hundredth of a percentage point."While the tax reforms are inherently disinflationary and reflect the government's intent to push growth, the immediate worry is t
