Ukraine war ceasefire in sight? Nah! Russia is in driver’s seat and whatever Trump is doing is not serious: Swaminathan Aiyar

July 3, 2025

Amidst Washington’s push for a ceasefire in the Russia-Ukraine war, Trump’s strategy remains ambiguous, marked by shifting stances and skepticism. Despite aiming to reduce commitments to Ukraine and increase sanctions, the effectiveness of these measures in compelling Putin to negotiate is uncertain. Trump’s unpredictable approach leaves the situation fluid, with Russia currently holding a strong position.

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RBI eases restrictions on cash credit accounts, eases current account norms

The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.

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