Reserve Bank of India Considers Rate Cut: In response to recent U.S. tariffs on Indian imports, the Reserve Bank of India (RBI) is expected to implement a second interest rate cut during its April 7-9 policy meeting. The U.S. imposed a 26% reciprocal tariff, raising concerns about India’s GDP growth, currently estimated at 6.7% for 2025-26. Reuters
Potential Overseas Listings for Indian Companies: India and the United Kingdom are exploring the feasibility of allowing Indian companies to list on the London Stock Exchange. This initiative aims to provide broader access to global investors and enhance market liquidity. Reuters
International Affairs
U.S. Tariff Adjustments Impact Global Markets: President Donald Trump announced a 90-day pause on tariffs for most nations but increased tariffs on Chinese imports to 125%. This move led to a surge in U.S. markets, with the S&P 500 rising 7.8% and the Dow Jones gaining 2,476 points. China retaliated with 84% tariffs on U.S. goods, escalating trade tensions. AP News
Domestic News
Mahavir Jayanti Bank Holiday: Banks in several states, including Gujarat, Maharashtra, Karnataka, and Delhi, will remain closed on April 10, 2025, in observance of Mahavir Jayanti. Customers are advised to check with their local branches for specific schedules. Business & Finance News+3The Economic Times+3The Indian Express+3
Opposition Demands Discussion on Waqf Law: On April 7 and 8, 2025, chaos erupted as opposition leaders demanded a discussion on the Waqf law passed by Parliament on April 4. Instagram
Legal and Humanitarian Issues
Concerns Over British National Detained in India: Heiba Khanum, wife of British national Aziz Ahmed, has expressed deep concern over her husband’s deteriorating health following his detention in India. Ahmed, 48, was arrested by India’s National Investigation Agency (NIA) at Bengaluru airport on August 30 over allegations of promoting extremism linked to the proscribed group Hizb ut-Tahrir. He has been imprisoned for over seven months despite denying any wrongdoing. The Guardian
Taliban Detains British Couple: The Taliban have detained a British couple in Afghanistan over a minor issue. Further details are awaited.
