Category: Politics

India has imposed a three-year import tariff ⁠of between 11% and 12% on some steel products, according to a finance ministry order published on Tuesday, as the government ‌aims ‌to curb cheap shipments from China. The levy, locally known as a ‌safeguard duty, will be imposed at 12% in the first year followed by 11.5% in […]

India is weighing higher customs duties and targeted incentives for a range of goods where imports remain high despite local production, in a bid to narrow the merchandise trade gap and reduce dependence on single-source supply chains. The proposed initiative could be rolled out in the upcoming budget, people aware of the development said. “There are […]

Commercial banks have approached the Reserve Bank of India (RBI), seeking an extension of the trade relief measures that permit loan moratoriums for exporters, people familiar with the matter said. The central bank announced the measures in mid-November, allowing banks and non-banking finance companies to offer exporters a moratorium on loan repayments and restructuring options to […]

The finance ministry has begun a review of the cup-and-cap model under the government’s flagship crop insurance programme, Pradhan Mantri Fasal Bima Yojana (PMFBY), amid concerns of a sharp decline in crop insurance business. Premium collections under the scheme could fall to about ₹20,000 crore this fiscal from nearly ₹30,000 crore in FY25, according to industry […]

New Delhi [India], December 26 (ANI): India is engaged with the United States and the European Union to conclude trade agreements and discussions have been held on outstanding issues, the Ministry of External Affairs said on Friday. Answering queries during the weekly media briefing on India-US bilateral trade agreement talks, MEA spokesperson Randhir Jaiswal said both […]

Domestic passenger vehicle sales stayed almost unchanged from a year earlier. Two-wheeler sales contracted, snapping a four-year growth streak. Passenger vehicle sales slid to an 18-month low. That was the macro mood confronting India’s automobile industry in 2025, through the first half of the year. After several years of steady expansion, the industry entered this year […]

New Delhi [India], December 26 (ANI): The import curbs on Low Ash Metallurgical Coke, which accounts for 35-40% of steel production costs, raise steel prices in India, Global Trade Research Initiative (GTRI) said in a report on Friday. The report highlighted that India’s dependence on imported low-ash coke is structural, as most of domestic coal has […]

The government has completed consultations with the industry on the proposed mandatory labelling of AI-generated content, and the related rules are set to be issued shortly, IT Secretary S Krishnan has said. Krishnan told PTI in an interview that the industry has been “fairly responsible”, understands the logic behind labelling of AI content and that, as […]

New Delhi, Prime Minister Narendra Modi on Friday said the government’s reform trajectory will continue with even more vigour in the coming times as it is committed to boosting ‘Ease of Living’. The prime minister made this observation on a series of posts by the central government on its various reform initiatives. “Ours is a Government […]

New Delhi [India], December 25 (ANI): With 18 free trade agreements (FTAs) already signed and more likely in 2026, India’s priority must now move from negotiating new deals to ensuring existing FTAs translate into real export gains, particularly in electronics, engineering and textiles, highlighted a report by the Global Trade Research Initiative (GTRI). The report said […]