trade tariffs

The Asian Development Bank (ADB) has revised India's growth forecast for the current financial year to 6.9 percent from 6.5 percent. According to the ADB's Asian Development Outlook, India's growth is expected to remain strong this fiscal year, driven by strong domestic demand, improved...

Surat, April 3 – The central government has reduced the basic customs duty on more than 40 key petrochemical raw materials to zero for a period of three months, a move expected to ease cost pressures on Surat's textile and plastics industries amid rising global input prices.The duty...

New Delhi, April 3 India is unlikely to be significantly affected by US President Donald Trump's announcement of 100 per cent tariffs on certain patented drugs, as the country primarily exports low-cost generic medicines to America, think tank GTRI said on Friday.Trump signed an executive...

Canberra, April 3 – The Australian federal government will not change its subsidy scheme for medicines in response to pressure from the US administration, said Health Minister Mark Butler on Friday.Butler told the Seven Network television that Australia will not negotiate with the United...

New Delhi, March 19 India's oilmeal exports to China surged over 20-fold to 7.79 lakh tonnes in the first eleven months of this fiscal, following higher demand due to lower prices compared to competitors, according to industry body SEA data.The Solvent Extractors' Association of India (SEA)...

New Delhi, March 12 – The US Trade Representative (USTR) announced on March 11 that it has launched a new round of Section 301 trade investigations targeting the policies and industrial practices of 16 economies, including India and China.Following a decision by the US Supreme Court...

New Delhi, March 10 The government is studying all tariff-related developments in the US to assess their implications and remains engaged with the United States, Parliament was informed on Tuesday.In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada...

Beijing, March 5 China announced a GDP growth target of 4.5 to 5 percent for this year, facing challenges from Trump's trade tariffs, the global crisis following the US-Iran war, and economic issues at home, including a slump in the property market and high unemployment.Premier Li Qiang...

Beijing, March 5 China announced on Thursday that it would increase its defence budget by over 10 per cent, to USD 275 billion, about USD 25 billion more than last year, as it accelerates the modernisation of its armed forces to keep pace with the US military.Approximately 1.9 trillion yuan...

Beijing, March 5 China lowered its GDP target to 4.5 to 5 percent for this year in response to Trump's trade tariff war, the worsening global crisis following the US-Iran war, and economic headwinds stemming from the property market slump and the unemployment crisis.The target, close to that...

Mumbai, February 25 The rupee remained within a trading range and closed with a gain of 4 paise at 90.91 against the US dollar on Wednesday, supported by foreign fund inflows and a weak dollar.However, the currency faced pressure due to higher crude oil prices and trade-related uncertainties...

New Delhi, February 25 Most players, such as Vikram Solar, Waaree Energies, and Premier Energies, said that the US decision to impose countervailing duties on certain solar products from India will have a limited impact on them.Vikram Solar CMD Gyanesh Chaudhary said, "The recent US...

Mumbai, February 25 The rupee remained within a narrow range on Wednesday for the second consecutive day, closing at 90.96 (provisional) against the US dollar, amid higher global crude oil prices and foreign fund outflows.Forex traders attributed the rupee's stability to a weaker US dollar and...

February 23, New Delhi – Union Finance Minister Nirmala Sitharaman addressed the Central Board of Directors of the Reserve Bank of India, along with Minister of State for Finance M. P. Chaudhary and Reserve Bank Of India (RBI) Governor Sanjay Malhotra, at the customary post-Budget meeting in New...

New Delhi, February 23 Indian exports to the US will face an additional 10 per cent tariff, instead of the current 25 per cent, for 150 days starting Tuesday, following a ruling by the US Supreme Court that invalidated President Trump’s previous tariffs.However, exporters have expressed...

Bhopal, February 23 Members of the opposition Congress in Madhya Pradesh staged a demonstration in the state assembly on Monday to protest the India-US trade deal, calling it a "threat" to farmers and alleging that it would seriously impact agricultural markets and the rural economy.On the...

New Delhi, Feb 21 – India and Brazil on Saturday set an annual bilateral trade target of USD 30 billion by 2030, even as Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva discussed the implications of the US Supreme Court striking down Trump administration’s...

Washington, Feb 21 – US President Donald Trump defended his trade agenda forcefully after the Supreme Court curtailed his use of a key tariff authority, accusing unnamed "foreign interests" of influencing the justices, and announcing a new 10 per cent global tariff.Speaking at a White House...

New York/Washington, February 19 US President Donald Trump on Thursday said he had threatened to impose 200 percent tariffs on India and Pakistan if they had not stopped fighting last summer, reiterating the claim that he had ended the war between the two nuclear-armed neighbors.Trump repeated...

February 18, New Delhi: The United States announced on Tuesday the first installment of Japanese investments under a massive $550 billion commitment linked to a trade deal with President Donald Trump.The initial commitments, totaling $36 billion for three infrastructure projects, come as Japan...