Ask Anything, Know Better
November 19
October 03 CONTEXT Russian President Vladimir Putin has criticised the latest U.S. tariff threats — especially those aimed at nations still trading with Russia, such as India and China. He said these tariffs, intended to punish countries for buying Russian energy or goods, could “boomerang” and hurt the U.S. economy itself. His remarks came after U.S. plans to impose steep duties on certain imports as part of a wider economic pressure campaign. Putin argued that such policies would raise global prices, push the...
September 30 Overview In 2025, under President Donald Trump's administration, the United States has shown signs of warming relations with Pakistan while experiencing heightened tensions with India. This shift is driven by a mix of strategic, economic, and geopolitical factors, including US efforts to secure military and counterterrorism advantages in South Asia, amid broader trade disputes and regional dynamics. While some analysts view this as a pragmatic recalibration of US policy in the region, others see it as a...
August 01 WHAT? The U.S. imposed 25% import duties on select Indian goods, especially in steel, aluminum, pharmaceuticals, and electronics. These are retaliatory tariffs in response to India's continued oil trade with Russia and its growing participation in BRICS economic initiatives that aim to undermine the U.S. dollar’s dominance. The 25% tariff imposed by the United States on Indian exports, effective August 1, 2025, is expected to have a varied impact on the Indian economy, with certain sectors facing significant...
July 30 WHAT? A tariff is a broad term for a tax imposed by a government on goods or services crossing its borders, primarily for imports but sometimes exports. It serves purposes like raising revenue, protecting domestic industries, or influencing trade policies. Tariffs can be fixed per unit or as a percentage of value. For items like coal or metal, it is fixed on weight like per tonne and for costly items like diamonds, cars , it is fixed as a percentage of value. It is a tax similar to the Customs...
June 14 SUMMARY The article from The Economic Times, dated June 14, 2025, titled "Trump's earnings: $57 million in crypto, $217 million from Florida golf clubs," details U.S. President Donald Trump’s income as reported in a public financial disclosure released by the U.S. Office of Government Ethics on June 13, 2025. Key points Total Income: Trump earned over $600 million in 2024 from various business ventures, including cryptocurrency, golf resorts, and licensing deals. Crypto Earnings:...
June 08 SUMMARY The article from Business Standard, published on June 8, 2025, titled "Los Angeles: Anti-immigration protests, ICE raids, National Guard, Trump," details escalating tensions in Los Angeles following U.S. Immigration and Customs Enforcement (ICE) raids. Key points ICE Raids and Arrests: On June 6-7, 2025, ICE conducted raids across Los Angeles, targeting businesses like Home Depot stores, a doughnut shop, and a clothing warehouse, arresting 118 immigrants, including five linked to...
June 06 SUMMARY The article from The Hindu BusinessLine, published on June 6, 2025, titled "US markets are no longer safe for investments, Carmignac says," reports concerns raised by Raphael Gallardo, chief economist at French asset manager Carmignac, about the U.S. as an investment destination. KEY POINTS Trump’s Tax and Spending Bill: Gallardo warns that President Donald Trump’s tax and spending bill, particularly Section 899 (dubbed the “revenge tax”), increases tax...
June 04 SUMMARY Former U.S. President Donald Trump's proposed "$5 million Gold Card" visa program aims to offer permanent U.S. residency to foreign nationals who invest $5 million, positioning it as a replacement for the existing EB-5 investor visa. This initiative is expected to appeal to wealthy Indian investors, offering benefits like immediate residency, flexible tax options, and no job creation requirements. However, legal experts caution that implementing such a program would require...
April 07 BUSINESS STANDARD India’s top six information technology (IT) services players, along with Nasdaq-listed Cognizant Technology, have deals worth at least $20 billion up for renewal this year, according to people familiar with the matter. Deals worth $14 billion were renewed in 2024.
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