Trump’s 50% Tariffs Begin — PMO in Emergency Huddle

Jai Siya Ram http://www.fxlive.in/ 1. Trump’s 50% Tariffs Begin — PMO in Emergency Huddle The Prime Minister’s Office has scheduled an urgent high-level meeting (August 26) to plan targeted relief for exporters, ahead of the U.S. enforcing a 50% duty on Indian goods from August 27. The meeting will aim to shield critical sectors such as textiles, jewelry, seafood, and pharmaceuticals. 2. PM Modi Rallies Support for Small Businesses & Farmers Prime Minister Modi reaffirmed support for small entrepreneurs and farmers, promising resilience and policy backing against external economic pressures. 3. RBI Signals Calm Amid Tariff Storm RBI Governor Sanjay Malhotra voiced cautious optimism, suggesting ongoing trade talks could help limit tariff impact on India’s growth and exports. 4. India Opens Doors to Foreign Banks Regulatory reforms continue: India is easing norms in its banking sector—LIC has been reclassified as a public shareholder in IDBI Bank, and Sumitomo Mitsui Banking Corporation cleared to take a near-25% stake in Yes Bank. This marks significant liberalization in Indian banking. 5. India Sustains Strong Economic Momentum India’s private sector is thriving—record demand, surging services, strong exports, and a resilient manufacturing sector are helping the economy maintain momentum. This uptick is boosting domestic optimism. Regards FXLive Chandan Singh Rawat MCX Commodity + NSE Equity and Forex Market