Electronics—specifically smartphones—& energy & pharma products make up 30% of Indian exports to US. 25% tariff on India came into effect Thursday, extra 25% to kick in by August-end.
US President Wednesday imposed 25% tariff on India for buying Russian oil, adding to the 25% declared earlier. Additional tariff to come into force after 21 days.
In his book No Trade Is Free, ex-USTR writes how an Indian friend corrected him and said only seven billionaires run the country; the others just try to influence these seven.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Global news also looks at the human cost of ending ‘Maoist rebellion’ & BBC tracks fugitive gangster Goldy Brar, who reveals why he ordered Sidhu Moose Wala’s 2022 killing.
With Trump escalating trade tensions, especially with China, the 90-day moratorium presents a rare opportunity for India to strike while the iron is hot.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Speaking at annual press conference, Army chief reiterated that India does not recognise 1963 Sino-Pakistan border pact under which Pakistan illegally ceded Shaksgam Valley to China.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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