United States President Donald Trump said on Monday that the US agreed to a trade deal with India following a phone conversation with Prime Minister Narendra Modi. Trump said India stopped purchasing Russian crude, a move he linked directly to the agreement between the two countries.

In a post on Truth Social, Trump said the United States reduced its reciprocal tariff on India from 25 per cent to 18 per cent with immediate effect.

India’s annual budget has brought home to markets the unpleasant reality of fiscal dominance, in which the central bank ends up prioritizing deficit financing over its primary function of controlling inflation.

That’s a risky situation to be in. As a former central banker has described it, fiscal dominance is “A Theory of Everything in India” — or at least everything that goes bad eventually.

The crises in gold and silver exchange-traded funds (ETFs) deepened on Monday, falling for the third straight session, as the precious metals' historic rout continued, with the prices plunging in domestic and global markets.

Gold ETFs slipped between 6 per cent and 11 per cent in the intraday trade on the National Stock Exchange (NSE) today, while Silver ETFs fell around 20 per cent.

The Pakistani government has given its approval for the national men's cricket team to participate in the upcoming T20 World Cup, but has announced it will not play against India in the league stage match scheduled for February 15.

The game was set to take place in Colombo, Sri Lanka, as both teams were to face off in a Group A encounter.

An ally of Indian Prime Minister Narendra Modi has proposed a bill to ban social media for children, as the world's ‍biggest market for Meta and YouTube joins ​a global debate on the impact of social media on young people's health and safety.

"Not only are our children becoming addicted to social media, but India is also one of the world's largest producers of data for foreign platforms," lawmaker L.S.K. Devarayalu told Reuters on Friday.

The IIT Kharagpur has signed an MoU with the Variable Energy Cyclotron Centre (VECC) and the Chittaranjan National Cancer Institute (CNCI) to launch MSc programmes in nuclear medicine and medical physics.

This collaboration aims to strengthen national capacity for skilled human resources in nuclear medicine and medical physics, which are critical to cancer diagnosis, treatment, and advanced clinical research, an IIT KGP spokesperson said Saturday.

All construction work related to the Ram temple in Ayodhya is expected to be completed by April 30, with the overall cost of the project estimated at around Rs 1,900 crore, Ram Temple Construction Committee chairman Nripendra Mishra said on Saturday.

Addressing reporters after the conclusion of a two-day meeting of the Ram Temple Construction Committee here, Mishra said that Larsen & Toubro (L&T) and Tata Consultancy.

State Bank of India (SBI), the country’s largest lender, on Saturday launched CHAKRA — a Centre of Excellence for financing sunrise sectors including renewable energy, advanced cell chemistry and battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure, and data centre infrastructure. These sectors are critical to India’s economic transformation, with their combined potential estimated at around ₹100 trillion over the next five years.

Rajya Sabha member Sunetra Pawar was unanimously elected as the leader of the NCP legislature party in Maharashtra on Saturday, three days after the death of her husband and Deputy Chief Minister Ajit Pawar.

She is set to take oath as the first woman Deputy Chief Minister of the state later in the day.

The US Securities and Exchange Commission has arranged to serve Gautam Adani ‍with a civil fraud ​lawsuit, allowing the regulator's case against India's second-richest person to proceed.

In a Friday filing in the Brooklyn, New York federal court, the SEC and US-based lawyers for Adani and his nephew Sagar Adani said the lawyers agreed to accept the SEC's legal ​papers, eliminating the need for US District Judge Nicholas Garaufis to rule on how the defendants should be served.

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