Trump imposed “sanctions on India” to end Russia-Ukraine war: White House, ETCFO

Washington DC [US], August 20 (ANI): US White House Press Secretary Karoline Leavitt on Tuesday (local time) said that US President Donald Trump imposed tariffs on India to deter Russia from pursuing the Ukraine conflict. Trump has doubled India’s tariff to 50 per cent by imposing an additional 25 per cent levy on the previously announced […]

Centre to table Online Gaming Regulation Bill in Lok Sabha today, ETCFO

The Centre is expected to table the The Promotion and Regulation of Online Gaming Bill, 2025 in the Lok Sabha on Wednesday to set clear rules for the fast-growing online gaming industry in India. IT Minister Ashwini Vaishnaw will introduce the proposal, which seeks to promote and regulate online gaming, including e-sports, educational games and social […]

China lifts curbs on fertilizers, rare earths & tunnel boring machines to India, ETCFO

In a significant breakthrough, China has conveyed that it has lifted curbs on export of fertilizers, rare earth magnets/minerals as well as tunnel boring machines to India – the three asks New Delhi had from Beijing when External Affairs Minister S Jaishankar met his counterpart Wang Yi last month. ET has reliably gathered that Chinese foreign […]

PM Modi to meet China’s top diplomat Wang Yi as Asian powers rebuild ties, ETCFO

Prime Minister Narendra Modi will meet with China’s top diplomat on Tuesday in a sign of easing tensions between the nuclear-armed neighbors after a yearslong standoff between the Asian powers. Chinese Foreign Minister Wang Yi, who arrived in India on Monday, is scheduled to hold talks with Modi and other leaders, including National Security Adviser Ajit […]

Telecom Sector Pushes for Drastic GST Cuts to Lower Consumer Bills, ETCFO

The telecom industry is likely to seek a reduction in the goods and services tax (GST) rates on telecom services to 5% from the current 18%, executives said. Senior industry executives that ET spoke to said that since telecom is an essential service, a 5% rate should be charged. If this request is accepted by the […]

Govt exempts import duty on cotton between Aug 19-Sept 30, ETCFO

The Centre has exempted import duty on cotton from August 19 to September 30, a government order issued late on Monday said. India’s textile industry had suggested that the government could offer to remove the 11% duty on raw cotton imports and use it as a tool to negotiate favourable terms for the country’s textile and […]