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.
Former CEO Howard Schultz once told shareholders those who opposed his support of same-sex marriage were free to invest elsewhere. But now, CEO Brian Niccol seems to be selling Starbucks as a place that just, well, sells coffee.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
Tajikistan did not want to extend the lease because of apparent pressure from Russia & China over non-regional military personnel at the air base, it is learnt.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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