In response to the US tariffs on imports of Indian goods, Union Finance Minister Nirmala Sitharaman on Sunday proposed reducing the tariff rate on all dutiable goods imported for personal use from 20 per cent to 10 per cent.
With this ninth consecutive budget, Sitharaman moves closer to the overall record of 10 budgets held by former Prime Minister Morarji Desai, though Desai's presentations were not all consecutive.
Domestic stock markets opened largely flat on Sunday during a special budget session, as Union Finance Minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget at 11 am.
Cuban President Miguel Diaz-Canel Bermudez on Saturday (local time) strongly condemned the United States' latest move to impose tariffs on countries supplying oil to the island, warning that the measures aim to "strangle" Cuba's economy.
In his opinion piece in the Wall Street Journal, Trump justified his dovish policies, calling them a 'miracle,' and contained their ripple effects on other nations, saying they were 'doing just fine'.
Amid ongoing talks with the United States over a trade deal, retired US Army Colonel and defence expert Douglas MacGregor stated on Saturday that India will not always agree with Washington, as no nation would "move beyond the limits of its own interests."
British Prime Minister Keir Starmer highlighted major UK-China trade deals during his Beijing visit, including reduced whisky tariffs. He also met President Xi Jinping to boost cooperation, while raising concerns over human rights and Jimmy Lai, amid efforts to reset strained bilateral ti
: Union Minister of State for External Affairs Kirti Vardhan Singh on Thursday said that the recently concluded India-EU Free Trade Agreement (FTA) not only counters unilateral tariff measures but also reflects how India is recognised globally as an economic power. He further noted how other
Speaking on the impact of the India-EU tariffs on the Indian automobile sector, the minister said, "The Indian auto industry is doing exceptionally well. We haven't opened up the market for cars that sell for up to 25-30 lakh rupees. We have protected the auto industry completely." "If we
"PM Modi has done a great job for the people of Dibrugarh. The biggest benefit of this free trade agreement is going to be for the people here. Tea produced in the tea gardens of Assam will reach European morning tea cups with zero tariff across all 27 EU countries," he said.
The continued fall of the Indian Rupee against the US Dollar is mainly driven by persistent capital outflows, with upcoming developments such as the Union Budget and news related to US tariffs emerging as key factors to watch, currency experts said as the Rupee slipped close to the 92 lev
As global trade undergoes a fresh reordering amid renewed tariff tensions, India will need much more than trade deals to secure long-term gains, according to a report by Emkay Research.