archivenews

The dollar index — which measures the value of the greenback against several major global currencies — spiked 1.11% to 109.58, pressuring the currencies in the region. The Chinese offshore yuan dropped 0.36% to 7.347. The Indian rupee fell to a record low of 87.101 against the dollar. Asian currencies weakened sharply Monday as the U.S. Dollar rallied after U.S. President Donald Trump slapped tariffs on several countries over the weekend. The dollar index — which measures the value of the greenback against several major global currencies — spiked 1.11%...

In the upcoming Union Budget 2025-26, CII (Confederation of Indian Industry) expects the government to focus on boosting the manufacturing sector under various criteria. As India's economy continues to grow, the manufacturing sector holds an important role in unlocking sustainable development and job creation. However, the sector has been facing challenges in recent years. To revive growth and create employment opportunities, the government must implement policies in the upcoming Budget 2025 that support the manufacturing sector.  In this context, these are the expectations of CII from the upcoming budget, highlighting...