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Sameer Siqqiqui proposes a Muslim-backed fund for terror victims, survivours

Malick Asghar Hashmi/ New Delhi As Muslims all over the country are protesting against the Pahalgam carnage by the Pakistan-backed terrorists killing 27 persons including a local ponywallah, Sameer Ahmed Siddiqui, a well-known IAS coaching Academy head has proposed thathe community should raise the "world's largest anti-terror fund" to deal with aftermath of the terrorist attacks. This fund, he said, would help the surviv...

India’s mega push for nuclear power will lead to decarbonised economy by 2070

Sushma Ramachandran Nuclear power finally looks set to become a significant part of India's energy mix. This comes after the Indo-U.S. civil nuclear deal yielded concrete results 16 years after it was signed in 2008. In March 2025, the U.S. Department of Energy cleared an American firm, Holtec International to design and build small modular nuclear reactors (SMRs) in India in collaboration with L&T, Tatas, and Holtec Asia. There ar...

With reforms, India could turn US-triggered tariff crisis into an opportunity

Sushma Ramachandran The uncertainty is finally over. Donald Trump’s threat of raising tariffs on nearly all U.S. trading partners has finally come true. In the process, the world’s biggest economy has managed to antagonise not just its enemies but its closest allies. It has also raised the specter of recession that could quickly become a contagion in the global arena. Besides, the unilateral imposition of tariffs is not jus...

India must pull up its socks to tap full potential of tourism

Sushma Ramachandran Prime Minister Narendra Modi recently proposed the idea of round-the-year tourism for hilly states like Uttarakhand. His comments came on the heels of officials saying that domestic tourism, especially to religious sites, can spur economic growth. Chief Economic Advisor Anantha Nageswaran says the Mahakumbh would push growth in the fourth quarter of 2024-25 to 7.6 percent. Tourism thus has tremendous potential to become...

IMEC got a revival with Modi's visits to France and USA

Sushma Ramachandran Trade and defence deals were the overarching themes of Prime Minister Narendra Modi’s discussions with leaders during his recent visit to the U.S. and France. However, one key issue that was on the table during these interactions and was probably overlooked by analysts in popular discourse while examining the ramifications of these high-level meetings is the resurgence of interest in the ambitious India-Midd...

India can deal with Trump's trade wars with new strategy

Sushma Ramachandran The world is facing the prospect of a full-blown trade war in the coming months. The first shots were fired by U.S. President Donald Trump with his decision to impose punitive tariffs on his neighbours, Canada, Mexico, and China. Yet there is a reprieve, as the 25 percent import duties on the neighbours have been suspended until action is taken to curb illegal immigration and drug smuggling. In the case of China, ho...

Budget 2025 is a hard exercise given turbulent global environs

Sushma Ramachandran The budget for the financial year 2026 is at a time when the economy is facing numerous challenges in the domestic and external arenas. Policymakers will thus have to tread carefully in providing a stimulus to growth in the coming year. The slowdown in the second quarter of FY 2025 had been disappointing but this is expected to be made up later in the year. As a result, growth is expected to reach around 6.5 percent. De...

Saudi to allow foreign investments in holy cities of Makkah, Madinah

New Delhi In a historic move, Saudi Arabia's Capital Market Authority (CMA) has allowed foreigners to invest in Saudi-listed real estate companies in Makkah and Madinah, the holy cities where the entry of non-Muslims was banned till a few years ago. The decision comes from Saudi Arabia's Vision 2030 for promoting economic diversification and the real estate sector. The CMA has announced that foreign investors can now inve...

South Asia Economic Union a far cry due to political differences

Sushma Ramachandran India and Sri Lanka ties are looking up since the newly anointed President Anura Dissanayake visited New Delhi. The tension that the relationship between the two countries went through has settled down. Dissanayake's visit may have also eliminated some worries as he had been viewed as pro-China and anti-India. As head of state, he now evidently seeks to project a more neutral image, especially in the backdrop of the...

India may be in a better position to deal with Trump's tariffs than other countries

Sushma Ramachandran As the world waits for Donald Trump to assume the presidency of the United States, there is considerable speculation over the new administration’s economic outlook. Going by the spate of comments on tariffs after the elections, a bigger change is expected on the trade front. The biggest global economy looks set to become more protectionist than ever before. India, like any other U.S. trading partner is bound t...

Good news for India - oil markets to remain bearish in 2025

Sushma Ramachandran Global fossil fuels were at the heart of the discussion on environmental issues at the COP 29 conference in Baku. But there may be little incentive to shift away from them towards renewables in the short run given the decline in crude oil prices over the past few months. This development is bound to be welcomed by emerging economies like India which are big importers. The fluctuations in oil marke...

After India bought its oil during Ukraine crisis, Russia keen to invest in India

Sushma Ramachandran Russia seems to be the new kid on the block in the arena of foreign investments in India. Its enthusiasm for investing in India can only be welcome when the economy is showing a slight slackening of growth. The data for the second quarter of the current fiscal - July to September - has shown a rise of only 5.4 percent, the lowest in the last seven quarters. This dip is attributed to the impact of the elections...

India needs to be prepared to deal with Trump's promised tariff hike

Sushma Ramachandran The election of Donald Trump as the next U.S. President has created global concerns over the prospect of trade wars. His declarations during the campaign about raising tariffs on imports from all countries with a special focus on China means that the open nature of the American market will change. At the same time, it must be clarified that protectionist trends have already taken root in the international trading system...

India needs to be prepared to deal with Trump's promised tariff hike

Sushma Ramachandran The election of Donald Trump as the next U.S. President has created global concerns over the prospect of trade wars. His declarations during the campaign about raising tariffs on imports from all countries with a special focus on China means that the open nature of the American market will change. At the same time, it must be clarified that protectionist trends have already taken root in the international trading system...

Indo-US economic ties unlikely to change no matter who moves into White House

Sushma Ramachandran The world’s biggest economy is set to have a change of guard in the coming days. Elections in the United States are being watched avidly by most countries including India as the outcome could impact bilateral ties. Both the Republican and Democratic candidates - Donald Trump and Kamala Harris - have tried to show their warmth towards India during the campaign. The latest salvo was fired by Trump who has assured th...

Baton passes on at Tatas amid rise of Indian businesses with high revenue, ethics

Sushhma Ramachandaran The reputation of the Tata Group for maintaining high standards of corporate governance and being one of the most philanthropic industrial houses in the country has been highlighted in recent days. The demise of the group’s scion, Ratan Tata has prompted an outpouring of commentary over the values on which the business house has been based. The reality is slightly different, however, as its perfo...

Indian Textile industry is awaiting policy changes to reclaim its global share

Sushma Ramachandran One of India’s biggest industries has come back into the limelight recently. The vast textiles and apparel sector which is the second largest employer in the country is proposed to be expanded rapidly. Textiles Minister Giriraj Singh has just unveiled a roadmap to virtually double the size of the industry from the existing 164 billion dollars to 350 billion dollars by 2030. The plan envisages an investment of Rs. ...

UP and Bihar need to catch up with South and West: PMEAC report

Sushma Ramachandran Regional variations in development have been wider than expected in India, judging by a recent report of the Prime Minister’s Economic Advisory Council on the performance of states from 1960-61 onwards. It has shown the impact of differing policies and programmes on the developmental parameters in the country. This became more apparent after the 1991 economic reforms and liberalisation process. ...

Need to liberalise Chinese FDI in non-strategic sectors

This article examines whether it's possible to plug India into the global supply chain without plugging itself into the Chinese supply chain and how can India strike a fine balance between importing goods and importing capital from China. Sushma Ramachandran As India seeks to become part of global supply chains, it faces numerous challenges especially related to the dominant role of China. It is in this context that this year&rsquo...

World Bank asks India to ditch rulebook to escape Middle Income Trap

Sushma Ramachandran A World Bank report has raised questions about the road map for India and other emerging economies to reach the high-income levels of the developed world. It warns that most countries seeking to move out of low-income scenarios tend to get mired in a “middle-income trap”. Getting out of its grip is not an easy task. It suggests that countries like India which seek to become advanced economie...

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