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Pharma businesses ready with contingency plans faced with US tariffs: Asso
Updated : 7 months, 2 weeks ago IST
Indian pharmaceutical manufacturers are preparing a two-pronged strategy to offset the impact of the soon-to-be-effective 25 per cent US tariff on Indian goods, which includes drug exports, with industry experts anticipating that the move could significantly raise medicine costs in the Ameri
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GST collections jump 7.5% in July to Rs 1.95 lakh crore
Updated : 7 months, 2 weeks ago IST
The Goods and Services Tax (GST) collections in July, in gross terms, rose over 7.5 per cent to about 1.95 lakh crore compared to about 1.82 lakh crore in the same month last year, according to official data released Friday.
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India must diversify export markets, strengthen service economy to counter
Updated : 7 months, 2 weeks ago IST
Speaking about the challenges facing India's export-dependent sectors, Dawra highlighted concerns for labour-intensive industries, including electronics, jewellery, pharmaceuticals, textiles, and leather goods, that could be significantly impacted by changing trade dynamics.
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Tariff to have short-term impact as India-US trade talks continue: EY Indi
Updated : 7 months, 2 weeks ago IST
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.
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"I don't think it's going to have the kind of impact...similar to tariffs
Updated : 7 months, 2 weeks ago IST
In an exclusive interview with ANI, he said that the tariffs won't have a significant disruptive impact on the US economy, given India's relatively small share of US international trade, around 2.5%.
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Uyghur abuse hidden in cargo? Chinese flights to Europe raise human rights
Updated : 7 months, 2 weeks ago IST
Chinese cargo flights to Europe are under scrutiny over concerns they may be linked to forced labour involving Uyghurs. Rights groups fear goods made through abuse in Xinjiang could be reaching global markets undetected.
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Trump's latest 25% tariff will be applicable on all sectors, products from
Updated : 7 months, 2 weeks ago IST
The executive order signed by President Donald Trump on Thursday has imposed flat 25 per cent tariff on all goods from India, with no product-level exemptions, according to a report by the Global Trade Research Initiative (GTRI).
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"We are still waiting for final outcome...": Pharmexcil Vice Chairman on
Updated : 7 months, 2 weeks ago IST
The US's move has raised concerns about India's export outlook, as the US is one of the country's largest export destinations. The fresh round of tariffs has sparked fears that Indian products will become more expensive in the US market, making them less competitive compared to goods from ot
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Bangladesh hails 20% US tariff, says "good news" for its apparel sector
Updated : 7 months, 2 weeks ago IST
Bangladesh secured a 20% U.S. tariff rate, protecting its apparel exports after complex talks. The deal avoided a 35% tariff and included commitments to buy U.S. goods, boosting trade ties while preserving Bangladesh's competitiveness and national interests.
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Bangladesh secures 20 percent tariff rate after final talks with US, Yunus
Updated : 7 months, 2 weeks ago IST
Bangladesh secured a 20% U.S. tariff rate, protecting its key apparel sector after complex talks. The deal includes buying U.S. goods like wheat and planes, avoiding a 35% tariff. Officials say it boosts Bangladesh's trade ties, economic strength, and access to the U.S. market.
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Amit Shah to move resolution in Rajya Sabha today on extension of Presiden
Updated : 7 months, 2 weeks ago IST
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.
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'Coolly, calmly and collectively forge a deal that is good for America, go
Updated : 7 months, 2 weeks ago IST
American diplomat and the President of the US-India Business Council, Atul Keshap, spoke on the decision by the United States to impose 25 per cent tariffs on India and said that the two countries should calmly forge a deal which benefits them both.
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