The US administration's 25 per cent blanket tariffs on Indian goods is "unfortunate" but are poised to be short-lived, as both the partner countries are working on a Bilateral Trade Agreement (BTA), Vimal Pruthi, Partner, International Trade, EY India, said on Friday.
India may face an annual export loss of USD 5 to USD 6.75 billion if demand declines by 20 to 30 per cent because of 15 per cent tariff imposed by US, said a report by Ventura Securities.
The new tariffs imposed by the United States are expected to significantly impact American households, with average bills likely to rise by around USD 2,400 in the short term due to inflation driven by these tariffs, according to a research report by the State Bank of India (SBI).
Producer Lynette Howell Taylor has been named the new president of the Academy of Motion Picture Arts and Sciences (AMPAS) by the organisation's Board of Governors.
Rajya Sabha is set to take up significant legislative and procedural business, including a statutory resolution seeking the extension of President's Rule in Manipur and the consideration of the Carriage of Goods by Sea Bill, 2025.
Union Ports, Shipping, and Waterways Minister Sarbananda Sonowal will move the Merchant Shipping Bill, 2024, to update and unify existing law to align with international maritime treaties. The Union Ports Minister will also move the Indian Ports Bill, 2025, for passage in the Lok Sabha.
Vice Minister of Foreign Affairs of Panama, Carlos Arturo Hoyos, met Secretary (West) of the Ministry of External Affairs, Tanmaya Lal, in New Delhi for the bilateral talks.
A 2+2 Political-Military dialogue was initiated which has had its first meeting in 2024. A bilateral Strategic Dialogue mechanism was established in 2006 to cover regional and global issues of mutual concern which met five time between 2007 and 2015.
Tata Motors Limited has announced plans to acquire Iveco Group N.V., a European leader in commercial vehicles and mobility, in an all-cash voluntary tender offer valued at approximately euro 3.8 billion.
Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal will move 'The Merchant Shipping Bill, 2024' to update and unify existing law to align with international maritime treaties.
On the eleventh day of the Monsoon Session of Parliament, the Rajya Sabha is set to take up significant legislative and procedural business, including a statutory resolution seeking the extension of President's Rule in Manipur and the consideration of the Carriage of Goods by Sea Bill, 20
Speaking on Trump's announcement of a 25 per cent tariff plus additional penalties on India, set to take effect August 1, Vickery described the move as part of the US President's typical pattern of generating bilateral pressure and chaos to eventually claim credit for resolving a crisis o