The new tariffs, effective 1 October, are also aimed at kitchen cabinets, bathroom vanities & heavy trucks. Any levies on generic drugs could be a blow to Indian pharma exports to the US.
According to a report by Crisil, it is uncertain where the tariff rates will settle as negotiations are continuing, but the higher duties may create challenges for India's exports.
NYT looks at India's 'planned snub' of Pakistan on a cricket field. The Guardian dives into how foraged ingredients in school lunches are helping tackle chronic malnutrition in Meghalaya.
BBC warns of implications of unrest in Nepal for India while WSJ highlights tensions between India and China and US concern over ‘Beijing-Moscow-New Delhi axis’.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
In series of posts on X, White House trade adviser Navarro laid out ‘India-Russia oil math’ & said ‘the road to peace in Ukraine runs through New Delhi’.
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.
CM MK Stalin said in a X post that Tiruppur's textile hub is especially hit hard, causing a trade impact of nearly Rs. 3,000 crore and putting thousands of jobs at risk.
The government had earlier given temporary relief to the sector by exempting import duty from 19 Aug–30 Sep. The relief has now been extended by another three months.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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