The next-generation Goods and Services Tax (GST) reforms, announced after the GST Council meeting on Wednesday, have received strong praise from industry leaders and experts, who, in a united voice, asserted that such bold measures will strengthen economic growth, push investments, and ease
Jaishankar stressed that a stronger economic partnership between New Delhi and Berlin would not only boost bilateral trade but also contribute to stabilising the global economy.
He also called India the largest buyer of Russian oil after China, indicating that New Delhi could face further penalties if it continues energy imports from Moscow.
"The policy of 'multi-alignment' that you (PM Modi) have followed is bound to offer rich dividends in the near future. The world has only begun to understand its importance and pragmatism. This is a very constructive and positive formulation compared to our earlier espousal of 'non-alignm
The session 'Commercial Exports through India Post' comes at a critical time as Indian exporters face tariff uncertainties, particularly with the United States, which has imposed 50 per cent tariffs on imports from India.
US President Donald Trump again claimed that New Delhi has offered him a "no tariff" deal as he justified his move to impose a 50 per cent tariff on Indian goods.
Speaking to ANI, Rajasthan Woollen Industry Association President Kamal Kala called for the Central government's "immediate intervention" into the matter.
As the US's 50 per cent tariff on India is severely affecting the export prospects of the thread and knitting industry based in Tamil Nadu's Tiruppur, the labour-intensive industry is seeking support from the Central and the state governments to weather the crisis.
Speaking to ANI, diamond trader Umesh Munjapara and Kiran Suthar have reported that all their orders from the US are being cancelled, and new orders are not being placed, causing significant problems in the business.
TN CM Stalin tagged PM Modi and Finance Minister Nirmala Seethaaran in a post on X, demanding an explaination on why exporters were being made to bear the losses while refineries in Gujarat benefited from cheap Russian oil.
USISPF President Mukesh Aghi told ANI that secondary US tariffs on India are "uncalled for" and risk damaging decades of ties. He said India has reacted maturely to President Trump's posts, and despite trade tensions, US CEOs remain confident in India's growth and continue their investments.
Indian textile losses due to the US tariffs are expected to be partly offset by export growth to the United Kingdom, supported by the India-UK free trade agreement (FTA), according to a report by Care Edge Ratings.