Onion traders, on their part, said the move would not benefit them and demanded at least 15 days to meet the Centre’s limit.
Following India's levy, the US decided to start an investigation under Section 301 of the Trade Act, 1974, into the digital services taxes that have been adopted or were being considered by a number of countries, including India, to 'unfairly' target American tech companies.
This comes after Brazil, Columbia, Japan and the United States argued for speed because “trade is a critical channel for getting essential products to those in need"
The sectors for which the rates would be fixed initially might be automobiles, readymade garments, and iron and steel. The newly applicable reimbursements will kick in starting January 2021 under a new scheme.
Singh said India and the UK can form a “mutually rewarding” relationship due to “intricately woven bonds” that make collaboration and joint pursuits easier
In a research paper, former CEA argues that the Indian domestic market is still quite small, and is likely to remain so over the medium-term, since domestic demand will be weighed down by heavy debts across the economic horizon—in firms, households, and the government.
Industries and Commerce Minister Piyush Goyal said this will spur economic growth and employment while helping the world battle COVID-19
In this edition of the Explained series, Moneycontrol's Shraddha Sharma explains what front running trades are.
COVID-19 will reshape Africa's ties with China and this would present India with yet another opportunity to build on the existing base of its partnership with Africa
Some of the sectors that the government is considering to extend PLIs to include specialised pharmaceutical product makers, textile units, food processing plants, solar panel makers, and automobile components manufacturing.
US has been wanting lower duties for its apples, pecan nuts, walnuts, almonds and soya bean. India is keen to get market access for its mangoes, pomegranates and grapes
As per the order, entities of countries which do not allow Indian companies to participate in their government procurement for any item, would not be allowed to participate in government procurement in India for all items related to that nodal ministry or department, except for the list of items published by the ministry or department permitting their participation
The issue was discussed during the 17th ASEAN-India Economic Ministers Consultations meet held virtually on August 29
US President Donald Trump entered into a high-stakes trade war with China before reaching a partial Phase 1 trade deal in January. However, he has since shut the door on Phase 2 negotiations citing Beijing's handling of the pandemic.
China previously slapped an anti-dumping tariff on the same Indian product for five years until mid-August of 2019 and then had a review of the case.
India's long-term commitment to supporting Japanese allyship in building South Asian states’ infrastructure has been reaffirmed post-COVID-19
As per the plan, the Centre is looking to set up an implementation agency by September 1 and it will be completed in four phases
Development cooperation has clearly become a significant aspect of Indian foreign policy discourse and strategic thinking. In the last two decades, lines of credits worth more than $25 billion have been provided to about 60 developing countries
India earlier prohibited the export of all types of ventilators in March to ensure domestic availability to effectively fight COVID-19
This is because demand for these products may not warrant investment into local manufacturing
The move is the latest among many by the Indian government to reduce dependence on Chinese imports
This the third such panel after the organisation accepted request from the European Union on the same issue
The government is considering allowing into India people other than Indian citizens and Overseas Citizens of India cardholders.
Indian government responds to the request for public comments from the United States Trade Representative on the Section 301 investigation of the digital services tax. India was one among many countries in the investigation which intends to figure out whether US companies are being unfairly targeted.
Modi apprises European leadership of tension with China while rolling out welcome mat for investors