Between April 1 and April 9, 2025, India witnessed several significant events across various sectors. Here's a detailed overview:
Economic Developments
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Reserve Bank of India's Monetary Policy Adjustments: On April 9, the Reserve Bank of India (RBI) reduced its key repo rate by 25 basis points to 6.00%, marking the second consecutive rate cut in 2025. The central bank also shifted its policy stance from "neutral" to "accommodative" to support economic growth amid escalating global trade tensions, particularly following the U.S.'s imposition of a 26% tariff on Indian imports. Despite the rate cut, Indian stock markets declined, with the Nifty 50 down 0.72% and the BSE Sensex falling 0.58%. Reuters
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Increase in Foreign Exchange Reserves: India's foreign exchange reserves rose to $676.3 billion as of April 4, marking the highest level in five months and the fifth consecutive week of growth. This increase enhances India's import cover to approximately 11 months, reflecting the resilience of the country's external sector.
Defense and Security
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Acquisition of Rafale Marine Fighter Aircraft: India approved a significant defense deal to purchase 26 Rafale marine fighter aircraft from France. Valued at over ₹63,000 crore (approximately $7 billion), this acquisition aims to bolster India's naval capabilities amid growing regional security concerns.
Legislative Updates
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Waqf (Amendment) Act 2025 Enactment: The Waqf (Amendment) Act, 2025, came into force on April 8 after receiving approval from President Droupadi Murmu. This legislation introduces significant changes to the management and oversight of waqf properties in India.
International Relations
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India-UAE Collaboration on Sri Lanka Energy Hub: India and the United Arab Emirates agreed to jointly develop an energy hub in Sri Lanka. This strategic move aims to enhance regional energy security and reflects India's efforts to strengthen its influence in the Indian Ocean region, especially in competition with China's growing presence.
Trade Relations
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India's Response to U.S. Tariffs: Following the U.S. administration's announcement of a 26% tariff on Indian imports, India decided not to retaliate immediately. This decision was influenced by ongoing negotiations aimed at reaching a comprehensive trade deal between the two nations.
Infrastructure and Transportation
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Inauguration of SMVD Katra–Srinagar Vande Bharat Express: The upcoming Vande Bharat Express train, connecting Shri Mata Vaishno Devi Katra with Srinagar, is slated for inauguration on April 19, 2025, by Prime Minister Narendra Modi. This service aims to enhance connectivity in the Jammu and Kashmir region, traversing significant infrastructural landmarks like the Chenab Rail Bridge and the Banihal Tunnel.
Stock Market Highlights
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Performance of Nestle India and Power Grid Corporation: On April 9, Nestle India Ltd. saw its stock rise by 3.04%, closing at ₹2,344.50, outperforming the broader market downturn. Similarly, Power Grid Corporation of India Ltd. experienced a 1.56% increase in its share price, reaching ₹293.30, despite a generally weak trading session.
Environmental Concerns
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Heatwave Conditions Across India: By the first week of April, over 20 cities in India recorded temperatures exceeding 42°C. Experts warned of worsening conditions in the coming weeks, emphasizing the need for preparedness and mitigation measures. The Economic Times
Additional News
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Gujarat Factory Fire: On April 1, a devastating explosion at a firecracker warehouse near Deesa town in Banaskantha district, Gujarat, resulted in the deaths of at least 21 workers and injured six others. The blast was triggered by aluminum powder. Prime Minister Narendra Modi announced an ex gratia payment of ₹2 lakh to the next of kin of the victims, while Gujarat's Chief Minister Bhupendra Patel announced financial assistance of ₹4 lakh to the families of the deceased and ₹50,000 to the injured. Wikipedia
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Detention of British National in India: Heiba Khanum, the wife of British national Aziz Ahmed, 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, 2024, 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. Khanum highlighted that Ahmed suffers from a serious heart condition, which has worsened due to lack of medical care in prison. The Guardian
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India latest news April 2025,
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