Category: Politics
Branded pharma hit with 100% duty, and the list doesn’t end there, ETCFO
US President Donald Trump has announced a new round of tariffs, slapping a 100% duty on pharmaceutical drugs from October 1, unless companies set up manufacturing plants in the United States. Additionally, the US President has announced a 50 per cent duty on kitchen cabinets and bathroom vanities, 30 per cent on upholstered furniture and 25 […]
Transformative Boost for Shipbuilding Industry, ETCFO
India’s shipbuilding industry has hailed the government’s ₹69,725-crore stimulus package, calling it a long-awaited turning point for the maritime sector, with both policymakers and industry leaders calling it a foundation for global competitiveness. “This is a pivotal moment for India’s shipbuilding sector. We welcome the Union Cabinet’s approval of the ₹69,725 crore stimulus to strengthen India’s […]
SIDBI launches Development of Industry Associations to strengthen MSMEs, ETCFO
New Delhi – SIDBI launches a low cost, innovative and a self-propelling model of cluster development, through its national scheme – Development of Industry Associations – DIA. The National Conclave on DIA was inaugurated by M Nagaraju, Secretary DFS, Ministry of Finance, on 24th September 2025 in New Delhi. Around 125 representatives from around 90 industry […]
PM Modi emphasizes Make in India plans from ‘chips to ships’, ETCFO
Prime Minister Narendra Modi on Thursday reiterated government’s focus on domestic production during his visit to inaugurate Uttar Pradesh International Trade Show 2025 in Noida. “The government is putting a lot of effort under ‘Make In India’ initiative. We want to manufacture from ‘chip to ship’ in India,” Modi said. On the 11th anniversary of ‘Make […]
India building ecosystem for critical minerals; 34 blocks auctioned so far: G Kishan Reddy, ETCFO
India is building an integrated ecosystem for critical minerals to reduce import dependence and support the energy transition, Union Coal and Mines Minister G Kishan Reddy said on Wednesday. Speaking at the ET Energy Leadership Summit 2025, Reddy said demand for critical minerals such as lithium, nickel and cobalt is projected to multiply several times by […]
Will India’s Talent Opt for Local Opportunities Over the American Dream?, ETCFO
I show diverse tech workers facing H-1B visa fee stress. One views a $100,000 fee, another holds a document worriedly, and the third contemplates the financial burden against a US skyline. The US government’s move to impose a $100,000 fee on new H-1B visa petitions has sparked concern not only among Indian IT firms but also […]
India-US Trade Talks Progress Amidst Tariffs: Key Developments, ETCFO
New Delhi, India, US talks are happening at different levels covering both trade and non-trade issues, an official said. Commerce and Industry Minister Piyush Goyal is in the US for trade talks. He is accompanied by senior officials of the ministry, including special secretary and India’s chief negotiator Rajesh Agrawal. “Talks are happening at different levels,” […]
Cabinet approves Rs 2,277 crore CSIR capacity building scheme; to strengthen R&D ecosystem, ETCFO
The Union Cabinet on Wednesday approved the Department of Scientific and Industrial Research (DSIR) / Council of Scientific and Industrial Research (CSIR) scheme on Capacity Building and Human Resource Development with a total outlay of Rs 2,277.40 crore for the 15th Finance Commission cycle (2021-22 to 2025-26). Implemented by CSIR, the scheme will cover all R&D […]
Analysis-Financial firms to feel outsized impact from Trump’s H-1B overhaul, ETCFO
By Saeed Azhar, Milana Vinn and Tatiana Bautzer NEW YORK -The Trump administration‘s overhaul of the H-1B system could have an outsized impact on the finance industry, which could face hiring challenges following the imposition of the new $100,000 fee. Financial firms are among the largest users of H-1B visas, employment-based visas awarded by an annual […]
India Unveils ₹69,725 Crore Package to Boost Shipbuilding and Maritime Sector, ETCFO
New Delhi [India], September 24 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a comprehensive package of Rs 69,725 crore to revitalize India’s shipbuilding and maritime ecosystem. The package introduces a four-pillar approach designed to strengthen domestic capacity, improve long-term financing, promote greenfield and brownfield shipyard development, enhance technical capabilities and […]
