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New Delhi: As the higher US tariffs against Indian goods set to come into effect from Wednesday (US time), sectors such as textiles and gems and jewellery — both labour-intensive industries — are expected to face moderate pressures while pharmaceuticals, smartphones and steel are relatively insulated due to exemptions, existing tariff structures and strong domestic…
The US has officially announced a 50 percent tariff on India’s goods. America’s Department of Homeland Security has issued a notice to India in this regard. It is written that the US will impose an additional 25 percent tariff on India’s goods from 12 to 1 minute (local time) on August 27. And it will…
New Delhi: The Ministry of Commerce and Industry has drawn up a Rs 25,000 crore proposal for WTO-compliant support schemes, mainly to help finance small exporters in labour-intensive sectors such as textiles, gems & jewellery, and marine products under the Export Promotion Mission for a six-year period. A senior official confirmed that the proposal has…
New Delhi: India’s goods exports to China surged 20 per cent year-on-year in the first four months of Financial Year (FY) 26, touching $5.76 billion (about Rs 50,112 crore), according to official data. Each of the four months recorded higher outbound shipments compared to the same period last year, underscoring a steady upward trend despite…
Budget 2025: Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in the Lok Sabha, making it her eighth consecutive budget. Before her speech, the Cabinet, led by Prime Minister Narendra Modi, approved the budget. She focused on 10 key areas, including support for farmers, youth, women, and the poor. She also highlighted agriculture, MSMEs,…
India’s organic food products export reached $447.73 million in the first eight months of this fiscal (FY25), and are set to surpass last year’s export figures, the Parliament was informed on Monday. In the current financial year, the total amount of organic food product exports reached 263,050 metric tonnes (MT) till November 25 and the…
New Delhi: India has recorded a sharp increase in exports for several key product categories with the country maintaining or improving its rank among the top ten global suppliers, in export values exceeding $1 billion in 2023, according to figures released by the Commerce and Industry Ministry on Tuesday. “From dominating the global market in…