Top India's key Current Affairs - April 2025

India - U.S. Trade Relations

• Trade Deal Progress : India and the United States have finalized the turms of reference for discussions on the initial phase of a bilateral trade agreement . Indian trade officials are optimistic about achieving a mutually beneficial deals within the next 90 days .

• Tariff Suspension : The U.S. has suspended the additional 26% tariffs on Indian goods for 90 days , providing a window for diplomatic negotiations .

Economic Developments 

• RBI Rate Cut : On April 9 the Riserve Bank of India (RBI) reduced it's key repo rate by 25 basis points to 6.00% , marketing the second consecutive cut . The central bank also shifted it's monetary policy stance from "neutral" to "accommodative ," signalling potential for further rate reductions . 

• Growth Projections : Despite the U.S. tariffs , India maintains its projected economic growth of  6.3% - 6.8% for the 2025 / 26 fiscal year , assuming oil prices remain below $70 per barrel . However, some economists have adjusted their forcast slightly downward .

International Trade Negotiations :

India - UK FTA Talks : Finance minister Nirmala Sitharaman , during her visit to London , emphasized India's push to secure a Free Trade Agreement (FTA) with the UK . Discussions focus on reducing tariffs on UK exports like cars and whisky , enhancing market access for British professional services, and improving visa processing for Indian workers .

Government Initiatives And Regional Developments :

• Global Tariffs and Trade Helpdesk : The Indian government has launched the 'Global Tariffs and Trade Helpdesk'  to assist stakeholders in navigating complex trade regulations and tariffs , aiming to bolster India's export competitiveness .

• Odisha's Unified Health insurance Scheme : The state of Odisha has introduce a comprehensive health insurance scheme by merging the central Ayushman Bharat Pradhanmantri Jan Arogya Yojna with the state - specific Gopabandhu Jan Arogya Yojna . This initiative aims to enhance healthcare access to it's citizens .

These developments reflect India's proactive approach to strengthening it's economic position and international partnerships aimed evolving global dynamics .