Mexico Imposes Up to 50% Tariff Hikes on Imports from Asia Amidst Controversy, ETCFO

Mexico‘s Senate approved on Wednesday tariff hikes of up to 50% next year on imports from China and several other Asian countries, aiming to bolster local industry despite opposition from business groups and affected governments. The proposal, passed earlier by the lower house, will raise or impose new duties of up to 50% from 2026 on […]

India Challenges China-led Investment Proposal at WTO, ETCFO

New Delhi: India on Tuesday raised legal and systemic issues at the World Trade Organization (WTO) against the China-led proposal for an ‘investment facilitation for development agreement’, which seeks to put in place a pre-investment review or appeal system through an independent body to screen all investments. New Delhi said that discussion on any aspect concerning […]

Finance Ministry Mandates Sunset Clauses for Centrally Sponsored Schemes, ETCFO

New Delhi: The finance ministry has directed all ministries and departments to set clear sunset clauses and timelines for every new centrally sponsored scheme (CSS) and for existing schemes to be carried under the 16th Finance Commission cycle starting April 1, 2026. The ministry has sought additional disclosures from ministries, including the rationale for continuing any […]

Key Talks Focus on Defence, Tech and Trade, ETCFO

US Under Secretary of State for Political Affairs Allison Hooker held discussions with Foreign Secretary Vikram Misri, with both sides focusing on turning the vision outlined by President Donald Trump and Prime Minister Narendra Modi during their February meeting into tangible outcomes. Hooker is on a five-day visit to India to strengthen strategic and economic cooperation. […]

Will it matter to India?, ETCFO

Representative AI Image US President Donald Trump‘s statement on Indian rice has led to tanking of rice stocks on Indian bourses on Tuesday. Trump’s hinting at a possibility of another round of tariffs on Indian rice imports, triggered a rice rout on the markets. Stocks of Kohinoor Foods, LT Foods, KRBL and Chaman Lal Setia Exports […]

How variable pay and basic salary affect EPF, gratuity calculations, ETCFO

With the government announcing the implementation of the new labour codes from 21 November, India Inc.’s wage bills and employee remuneration packages are set for a change. The final rules may be rolled out over the next two months, but organisations have already begun assessing the impact on manpower costs, even as employees gauge the hit […]

Modi, Putin strike deals to turbocharge trade till 2030, ETCFO

Prime Minister Narendra Modi and Russian President Vladimir Putin on Friday unveiled an ambitious Economic Cooperation Programme aimed at expanding bilateral trade and investment till 2030, during the 23rd India-Russia Annual Summit held at Hyderabad House in New Delhi. The announcement highlights the deep-rooted partnership between the two countries, which has endured global challenges over the […]