Lower duties may add speed to Harley, Jeep & Tesla‘s India rideNEW 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 800-1,600cc bikes….
Will Lewis, publisher and CEO of The Washington Post (AP file photo) The Washington Post’s publisher and CEO Will Lewis resigned on Saturday, just days after laying off 300 journalists. His sudden departure comes amid strong criticism from staff over his handling of the newspaper’s financial troubles and recent mass layoffs. Jeff D’Onofrio, the company’s…
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…
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…
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: Among the key terms of the India-US joint statement is both sides’ agreeing to strengthen economic security alignment to enhance supply chain resilience and innovation through complementary actions, addressing “non-market policies of third parties, as well as cooperation on inbound and outbound investment reviews and export controls”. The tacit “non-market” reference to China…
NEW DELHI: India’s commitment to import $500 billion of goods from the US over five years depends not just on the ability of Indian companies to place orders but also on how quickly American suppliers can cater to the demand.Last year, India imported goods worth $45.5 billion from the US; during the first nine months…
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…
The newly announced interim trade deal between India and the United States lays out a roadmap to deepen collaboration on the digital trade and technology front. The two nations released a joint statement on Saturday, announcing details of the interim trade agreement. “The US and India are pleased to announce that they have reached a…
The interim India-US trade agreement is expected to strengthen cooperation in pharmaceuticals and medical technology, with industry bodies saying medicine supply chains are closely linked to national security priorities.Strengthening the India-US medicines partnership is important as medicine security is a part of national security, the Indian Pharmaceutical Alliance said on Saturday, welcoming the interim trade…