According to Dawn, the package includes a three-year incremental plan featuring a Rs4.04 per unit reduction for industry and a shift in tariff rebasing from a fiscal year to a calendar year cycle starting January 1, 2026. The government maintains that both small and large industries received
"It's good for India that tariffs get reduced. And it, of course, is for all over the world. But we have an advantage because we have the raw materials itself, we can give big delivery and good quality. It is advantageous for India. Even with the Supreme Court order, we are benefited," Dr Sa
India remains in a strong position despite recent changes to the US tariff regime, according to Chandrima Chatterjee, Secretary General of the Confederation of Indian Textile Industry (CITI).
The landmark 6-3 ruling by the US Supreme Court striking down emergency tariffs has sent ripples through the global trade community. While the ruling curtails executive power, the immediate introduction of a 10 per cent uniform levy under Section 122 has drawn sharp reactions from trade, leg
Speaking to reporters here on Saturday, Joshi said, "I have read in the media that the US top court has given some judgment and the Indian government will study that, and whatever the reaction needs to be given, that will be given by the Commerce Ministry and MEA, not by me."
Speaking to the media here on Saturday, Ramesh said, "We demand that in view of the Supreme Court's decision on tariff, the Modi government should immediately put the Indo-US framework of interim agreement on hold."
Speaking on the ruling, Tewari said, "The 6-3 verdict of the US Supreme Court is a message to all constitutional courts around the world that they are charged with the responsibility of checking executive excess, and if the judiciary does not step up to the plate or does not perform its d
He alleged that despite this knowledge, the Indian government moved hastily. "What forced or compelled Narendra Modi to suddenly, on the 2nd of February, call up Donald Trump and accept all his conditions, including the fact that we will not buy cheap oil from Russia? That in itself is a
Indian exporters are set to receive immediate relief following the US Supreme Court's ruling on the US administration tariffs, according to Manoj Mishra, Partner at Grant Thornton Bharat.
In a post on X, Kharge asked why the Centre did not wait for the US court's verdict before rushing into an interim trade deal, which he called a "trap deal." He criticised the deal's Joint Statement for including zero tariffs on several American exports, effectively opening India's agricu
In a post on X, Gandhi once again accused PM Modi of being compromised and said his "betrayal now stands exposed." He further claimed that the Prime Minister would be unable to renegotiate the trade deal and would "surrender again."