Business
‘Time has come’: Ex-Niti Aayog VC Rajiv Kumar urges lifting curbs on Chinese investments; flags US tariff impact – Times of India
Former Niti Aayog Vice Chairman Rajiv Kumar has called for the removal of restrictions on Chinese investments in India, arguing that such a step could boost domestic manufacturing and create jobs. In an interview with PTI Videos, Kumar said, “I think the time has come to seriously consider permitting Chinese investments into India.”Kumar suggested scrapping Press Note 3 of 2020, which mandates prior government approval for foreign investments from countries sharing land borders with India, including China, Pakistan, Nepal, and others. “The only neighbouring country which matters is, as you know, China,” he said, adding that local manufacturing by Chinese firms would be preferable to imports, which “do not create employment in India” or backward linkages.The push for policy change comes amid efforts by New Delhi and Beijing to repair ties damaged by the June 2020 border clashes. According to economic think tank GTRI, China was India’s largest trading partner in 2023-24, with bilateral trade worth $118.4 billion. Prime Minister Narendra Modi is expected to visit Tianjin for the Shanghai Cooperation Organisation summit on August 31–September 1, after a trip to Japan later this month.Kumar also addressed US President Donald Trump’s announcement of an additional 25% tariff on all Indian imports from August 27, doubling the duty to 50%. He estimated, citing economists, that India’s GDP could take a 0.25–0.5% hit, but stressed diversification of exports and maintaining strategic ties with Russia despite the penalties over Russian oil purchases.India, the largest buyer of Russian crude, imported 1.6 million barrels per day in July but has not booked shipments for August and September as discounts narrowed to USD 2 per barrel. “When push comes to shove, then you will have to replace it with oil imports from other countries,” Kumar noted.On US agricultural market access, he said Indian dairy cooperatives could compete strongly, provided imports are non-GMO. “I am not so averse to permitting some access… as long as it is not genetically modified,” he added.
Now one of the biggest sportswear firms, Anta’s rise follows a playbook adopted by many Chinese giants.
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Business
Gold price prediction today: Will gold prices continue to be volatile? Key levels to watch out for April 27, 2026 week – The Times of India
Gold price prediction today: Gold prices will closely track movements on the rate decisions by several central banks, including the US Federal Reserve, this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold is currently consolidating after sharp swings in a broad range, indicating a pause rather than a reversal. Price action shows a higher-high structure intact, but the recent sideways movement suggests indecision near the upper supply zone around 158,000–160,000. The formation resembles a short-term flag/triangle continuation pattern, where a breakout on either side will define the next directional move. Volume has tapered slightly, reinforcing the consolidation narrative.Gold prices recently moved from the upper band toward the mid-band (20 DMA), and are now attempting to stabilize. The bands have started to contract, signaling a potential volatility expansion ahead. Sustaining above the mid-band (~150,500–151,000 zone) keeps bullish bias intact, while a breakdown below this could trigger a deeper mean reversion toward the lower band.For the week, immediate support for gold prices is placed at around Rs 150,500, which is followed by stronger support near Rs 148,500. On the upside, the resistance stands at around Rs 155,500, and after that the key supply zone is at Rs 158,000. A decisive close for gold above Rs 158,000 levels can then resume the broader uptrend. However, a break in gold prices below levels of Rs 148,500 may shift the momentum to bearish in the near term.The economic docket is filled with data points and events this week as the focus will be on FED, BOJ, ECB and ECB policy meetings. US consumer confidence, GDP, inflation and durable goods orders data will also be in radar.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
British families tell BBC Panorama how the Iran war is affecting their monthly budgets.
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