NEW DELHI: The interim India-US trade arrangement provides certainty and clarity to the domestic pharma sector, with medicines staying outside reciprocal tariffs, and Washington signalling negotiated treatment for generics under Section 232.India plays a critical role in supplying affordable medicines to the US, with shipments of around $10 billion accounting for nearly 35% of its…
MUMBAI: Zero-duty access for diamonds and coloured gemstones to the US under the interim trade agreement framework will benefit the gems and jewellery sector, which was termed by industry leaders as a “critical inflection point” after bruising year for exports.The move could help reverse the sharp decline in shipments to India’s largest market, where cut…
NEW DELHI: PM Narendra Modi said on Saturday that the interim trade agreement with the US is yet more evidence of the international community’s growing trust in India and said the series of recent trade deals marks country’s transformation from just a huge market to a hub of investment and trade. While addressing a community…
NEW DELHI: Ending months of uncertainty, India and US announced the finalisation of the first tranche of the trade deal early Saturday that will see Washington lower “reciprocal tariffs” on Indian exports to 18% over the next few days and New Delhi slash levies on several American imports.The India-US joint statement came with US President…
Bitcoin’s sharp decline — nearly 50% from its all-time highs reached just months ago — has reignited debate over the cryptocurrency’s stability, but hedge fund veteran Gary Bode says the selloff is a feature of the asset’s inherent volatility rather than a sign of a broader crisis. In a post on X, Bode noted that…
NEW DELHI: The announcement of an interim trade agreement between India and the US was met with warm applause from the BJP and its allies, with home minister Amit Shah saying it will give “another boost to India’s roaring growth engine”. The ruling alliance was dismissive of the opposition’s charge that the agreement harmed farmers,…
Lower duties may add speed to Harley, Jeep & Tesla‘s India ride NEW DELHI: US giants Harley Davidson, Jeep and Tesla are the likely big winners of the trade deal with govt offering concessions, without upsetting domestic industry. For Harley Davidson, Donald Trump has won concessions which his predecessors couldn’t get: Zero duty access for…
As February began, bitcoin was trading around $80,000, with whales dipping their toes in while retail investors were running for the exits. Just one week later, bitcoin plunged to $60,000 on Feb. 5, and the market is now showing a broad shift toward accumulation across nearly all cohorts as investors start to see value. This…
NEW DELHI: Dubbing the India-US trade deal interim framework as a “surrender”, Congress on Saturday said commerce minister Piyush Goyal’s statement on agri imports was “too clever by half” as the joint statement mentions a list of products which India would eliminate or reduce tariffs upon, including “additional products”.Congress MP Jairam Ramesh noted “additional products”…
NEW DELHI: The income tax department Saturday unveiled the draft income tax rules which aim to simplify tax filing and usher in ease of compliance. The new rules, which will come into effect from April 1, cover a range of issues for ordinary taxpayers and companies, with an emphasis on simplification, faceless assessments and reducing…
