June 17, 2022 1:27 pm
“More vessels are likely from the US in the months ahead. It will help in diversifying our import sources and sending a message to other suppliers,” an industry expert told The Indian Express.
November 25, 2021 12:31 am
On October 8 this year, 136 countries, including India, agreed to enforce a minimum corporate tax rate of 15 per cent, as well as an equitable system of taxing profits of big companies in markets where they are earned. The deal requires countries to remove all digital services tax and other similar unilateral measures.
January 05, 2021 1:08 am
The bipartisan Congressional Research Service (CRS), in its latest report, pointed out that India’s recent tariff hikes on cell phones and other telecommunication goods went up from zero per cent to 15-20 per cent in the last few years.
August 29, 2020 1:03 am
The letter comes over a month after Commerce and Industry Minister Piyush Goyal said the two countries were close to inking a “quick” trade deal that would get issues pending over the past couple of years “out of the way”.
August 21, 2020 1:46 pm
Such an agreement would reflect the full potential of bilateral and commercial relations, increasing bilateral investments and job creation in both the countries, he emphasised.
February 20, 2020 10:22 am
Trade has long been a contentious issue between New Delhi and Washington. Donald Trump administration has made the problem more acute, but India too is turning to protectionism.
January 30, 2020 4:49 am
While the quantum of incentives involved in the deal is unclear, it could cover products with total annual bilateral trade of around $10 billion.
September 19, 2019 5:57 pm
"Generalized System of Preferences (GSP) is a unilateral decision, given by countries to other countries based on certain criteria. We are a developing country, we meet those criteria," Foreign Secretary Vijay Gokhale said.
September 18, 2019 3:00 am
While India’s earlier decision to cap the MRPs of medical devices may not be reversed, the government is learnt to have indicated it would look at premiums for products in these categories that were “innovative”.
June 24, 2019 3:11 am
Within the group of countries that provided GSP benefit to India, exports to EU nations were highest, followed by the US, Japan, Russia and Australia, respectively.
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