Administrative efficiency and targeted schemes can ease frictions, but they cannot offset the competitiveness loss from expensive imported intermediates.
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.
He also attacked Centre over foreign policy, saying that while China has taken over 4,000 sq km of Indian territory, foreign secy Misri was cutting a cake with Chinese ambassador.
In fact, the latest reading of the Federal Reserve Bank of Atlanta’s nowcast of real GDP growth suggests a contraction of 2.4 percent in the first quarter of 2025.
In 2023-24, the trade-weighted average tariffs on imported goods in India stood at 12%, much higher than 7% in 2014. Yet, total merchandise imports grew about 1.5 times over this period.
It is the law of progress that a few persons must go to the top to show the possibilities and opportunities, so that others might emulate and follow them, wrote GN Lawande in 1958
At 2nd such summit in Punjab for top investors organised by AAP since it came to power in Punjab, Lakshmi Mittal announced his Bathinda refinery has increased production of LPG by 3,000 tonnes/day.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
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