Category: Politics

The government on Thursday announced a three-month extension for duty-free cotton imports, allowing the benefit to continue until December 31 to aid textile exporters hit by 50 percent US tariffs. “In order to support exporters further, the Central government has decided to extend the import duty exemption on cotton (HS 5201) from 30th September 2025 till […]

India is working on dedicated outreach programmes in 40 countries, including the UK, UAE, Russia, Japan and South Korea, to push textiles exports as punitive US tariffs take effect. New Delhi aims to participate in international exhibitions, trade fairs and buyer-seller meets besides running sector-specific campaigns under a unified Brand India vision, an official said. The […]

The impact of Donald Trump’s 50% tariff on India is not a cause for panic, it’s impact is unlikely to be ‘as severe as feared’, government sources told PTI reported on Wednesday as the US officially implemented its latest levies on New Delhi. US imposed an additional 25% tariff on key goods from India, adding to […]

New Delhi: The finance ministry on Wednesday called on larger businesses to do their bit for absorbing greater tariff-induced shocks to soften the blow for smaller entities in downstream industries, exhorting them to “demonstrate an understanding of national interest.” In its monthly economic report for July, the ministry said the government and the private sector must […]

India could ease some restrictions imposed on foreign direct investment from China, as a part of the thawing of relations with Beijing, said a senior government official. “If need be, we can take a relook at Press Note 3,” the official said. “All options are open.” The government’s premier think-tank Niti Aayog had last month suggested […]

India saved billions of dollars by stepping up imports of discounted Russian oil in the wake of the war in Ukraine, but punitive tariffs imposed by the U.S. that came into effect on Wednesday will quickly undo the gains, with no easy solutions in sight. Analysts estimate India has saved at least $17 billion by increasing […]

America’s most senior envoy in Pakistan has told the South Asian nation that US companies are showing “strong interest” in its oil and gas sector, after President Donald Trump late last month surprised the industry by vaunting “massive” reserves. Pakistan’s Petroleum Minister Ali Pervaiz Malik met with US Charge d’Affaires Natalie A. Baker last week in […]

Back in his first term, Donald Trump had first called India as the “tariff king.” Now, in his second stint in the White House, he has repeated that often and is now bringing the 50 per cent tariff hit for New Delhi. The order, Executive Order 14329, links the penalty to India’s continued imports of Russian […]

Image credit – iStock-1264230781 Calling the H1-B visa system a “scam”, US Commerce Secretary Howard Lutnick has said that he is going to change its process because it’s terrible. The Donald Trump administration is planning a major overhaul of the United States’ H-1B visa and green card systems, signalling a shift towards wage-based immigration and merit-driven […]

The Centre is working on a multi-pronged strategy to soften the impact of the 50% tariff that the US will impose on Indian goods from Wednesday, with $48.2 billion of its merchandise exports to that country set to face the punitive levy. Of particular concern are labour-intensive sectors, as exports of textiles, shrimp, leather and gems […]