Category: Politics

NEW DELHI: India plans to slash tariffs on cars imported from the European Union to 40% from as high ‍as 110%, sources said, in the biggest opening yet of the country’s vast market as the two sides close in on a free ⁠trade pact that could come as early as Tuesday. Prime Minister Narendra Modi’s government […]

Even as India’s macroeconomic indicators remain supportive and public capital expenditure continues to anchor growth, private investment has yet to show a decisive pickup. Speaking at the fifth edition of ETCFO Union Budget 2026 series, CFOs from renewable energy and food processing sectors offered a ground-level view of why corporate India is still cautious on fresh […]

President Donald Trump gives. And he takes away. Offended by Canadian Prime Minister Mark Carney‘s increasingly assertive posture toward the US, Trump revoked an invitation to join his Board of Peace. Many Western allies are suspicious of the organisation, which is chaired by Trump and was initially formed to focus on maintaining the ceasefire in Israel’s […]

Exporters are urging the government to implement tax incentives and rationalize import duties in the upcoming Budget. New Delhi: Exporters on Thursday sought a series of measures, including tax incentives, and rationalisation of import duties, in the upcoming Budget. Apparel exporters sought fiscal incentives, including scrips and an increase in the interest subsidy rate for loans […]

By Pranoy Krishna and Vivek Mishra BENGALURU, – The Indian government will stick to its path of fiscal consolidation in its February 1 budget, all ‍economists polled by Reuters said, mainly due to slower ​revenue growth following recent tax cuts. Lower income has left the government little room but to cut back spending ⁠and rely on […]

Niti Aayog proposes enhanced incentives under the PLI scheme for advanced chemistry cells to boost the use of recycled materials, emphasising the circular economy for e-waste and lithium-ion battery scrap. New Delhi: Niti Aayog has proposed additional incentives to manufacturers under the production-linked incentive (PLI) scheme for advanced chemistry cells to promote the uptake of recycled […]

New Delhi: The European Union (EU) has suspended export benefits for certain Indian goods, including labour-intensive textiles, gems, jewellery, chemicals, plastics, metals, and transport equipment. While the move will impact shipments to the 27-nation bloc just as both sides aim to conclude Free Trade Agreement (FTA) talks next week, the government maintains that this is a […]

According to the official, DLI 2.0 will be designed to ensure that strategic chip design capabilities and intellectual property developed with government support remain firmly under Indian control. The government’s proposed Design Linked Incentive (DLI) scheme 2.0 for semiconductor and chip design companies is expected to shift from the reimbursement-heavy structure in its first iteration, with […]

New Delhi, The European Union has suspended export benefits to sectors such as textiles under a preferential scheme for some countries, including India, from January 1, a move that is expected to impact the country’s shipment to the 27-nation bloc, even as the two sides are finalising a trade agreement, think tank GTRI said on Thursday. […]

BERLIN, – EU ‍leaders ​will not give ⁠a mandate on Thursday to prepare anti-coercive measures against possible ‌U.S. ‌tariffs, an EU diplomat ‌told Reuters after U.S. President Donald Trump dropped his threat of higher tariffs ​over Greenland. “The planned ​preparation of anti-coercive ‌measures (ACI) ‍is off the table ‍for now,” said the diplomat. The ‌diplomat also […]