In a post on X, the senior White House counsellor said US buys Indian goods, & Delhi uses the proceeds to purchase discounted oil from Moscow, which is used to fund Russia’s war on Ukraine.
Earlier on 30 July, Trump announced an additional 25% import duties on India. On Monday, Modi said his government will ‘find a way out’ regardless of US economic pressures.
The IGST component of total import duty collections is growing faster than that from Customs duty. And states enjoy a larger share in the rapidly growing pie of IGST on imports.
Trade deal is set to cut average tariffs from 15% to 3%. Indian agricultural exporters are set to enjoy duty-free access in a number of sectors, similar to those from Germany.
The EU & Mexico, both among the largest US trading partners responded by calling the tariffs unfair & disruptive while pledging to continue to negotiate with the US.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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