Five-Month Suspension of Duties on Cotton Imports Announced

**Government Initiates Measures to Stabilize Prices and Support Textile Industry** In an effort to stabilize market prices and provide support to the textile industry, the government has announced a series of measures aimed at curbing inflationary pressures on textiles. This

RBI MPC Expected to Adjust Inflation Forecast and Lower Growth…

**Gulf Crisis Approaches 100 Days: Anticipation Grows for June 5 Statement** As the Gulf crisis nears the 100-day mark, attention is increasingly focused on a forthcoming statement scheduled for June 5. This ongoing situation began in early March when diplomatic

India and the United States to Resume Trade Talks on…

Senior officials from India and the United States are convening in New Delhi to finalize an interim trade agreement and progress wider bilateral trade discussions. The agenda for the meetings includes key topics such as market access, customs procedures, and

Indias Domestic Air Traffic Decreases by 4.2% in April Due…

In April 2023, domestic air travel in India witnessed a decline, with passenger numbers decreasing by 4.2% compared to March and 3.47% year-on-year. This downturn has been attributed to a combination of softer demand and increased operational costs, forcing airlines

Potential Impact of Weak Monsoon on Consumption Trends

**Industry Anticipates Decline in Rural Demand, Impacting Festive Sales Amid Inflation Concerns** As the festive season approaches, industry analysts are projecting a potential softening of demand in rural markets, which could adversely affect overall sales during this crucial period. The