Import tariffs are not an economic consideration for the government of India anyway, with data from Budget 2025-26 showing that customs duty isn’t a key revenue source.
The government’s recent decision to revoke a customs duty exemption on Indian art was the central topic of a panel discussion at DAG in Delhi this week.
Three drugs given customs duty waiver this week are all by a single drugmaker, it has been pointed out. Oncologists say concession basket needs to be extended.
Finance ministry announces exemption from basic customs duty. Cost of some medicines used to treat rare diseases ranges from Rs 10 lakh to Rs 1 crore, says govt.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
Wholeheartedly agree with your views which I have for long supported that India must lower tariffs and move to a more market friendly policies. We need to start by dramatically reducing the size of our bureaucracy who will neither let you to simplify regulations nor allow any meaningful reforms.
The protectionist decade has harmed manufacturing, exports, job creation. Economists of the caliber of Dr Arvind Panagariya in Niti Aayog should have flagged issues early on.
Wholeheartedly agree with your views which I have for long supported that India must lower tariffs and move to a more market friendly policies. We need to start by dramatically reducing the size of our bureaucracy who will neither let you to simplify regulations nor allow any meaningful reforms.
Well articulated. Indian manufacturers need support but not mollycoddling.
The protectionist decade has harmed manufacturing, exports, job creation. Economists of the caliber of Dr Arvind Panagariya in Niti Aayog should have flagged issues early on.