BUSINESS
Tump's reciprocal tariffs, including 104% on China and 26% on India, kick in amid ongoing negotiations
India, hit with a 26% tariff, is one of the most severely affected countries under this new trade policy.
PLI Boost Propels India’s Smartphone Exports Past ₹2 Lakh Crore Mark in FY25
Taking to social media platform X, Vaishnaw termed the development as another milestone achieved through the government's production-linked incentive (PLI) scheme.
RBI’s Policy Easing Expected to Boost Credit Growth to 10.8% in FY26: Report
The credit rating agency noted some of the measures taken by the RBI that are likely to support this growth. These include lowering the repo rate, delaying proposed changes to the liquidity coverage ratio (LCR) framework, reversing higher risk weights on unsecured consumer loans and lending to non-banking financial companies (NBFCs), and further provisioning relief for infrastructure projects.
MUDRA has democratised India's financial system, Says PM Modi
Looking back at the genesis of the scheme, the Prime Minister revealed that his wide-ranging tours of the country as a "karyakarta" identified a compelling necessity to economically empower those who were left out of the formal banking system. This realization, he said, formed the basis of the MUDRA scheme, which was aimed at providing financial assistance to those who were earlier neglected.
China’s unfair trade practices behind global turmoil, Says Piyush Goyal
He stated that Beijing's development rested upon an aggregate of rigged pricing, subsidization under wraps, and labor arrangements that violate international trade laws.
Trump Warns of 50% Additional Tariffs on China, Doubling Duties Beyond Product Value
The new tariffs, which will become effective on April 9, 2025, would make the total U.S. tariffs on Chinese goods an eye-watering 104%, exceeding the products' actual value and posing concerns over the impact on American consumers.
PM Modi Hails 10 Years of Mudra Yojana: ‘Turning Dreams into Reality’
Reflecting on the inclusivity of the initiative, PM Modi expressed satisfaction that a significant portion of beneficiaries hail from underrepresented communities.
India Emerges as World’s 3rd Most Funded Fintech Startup Hub in Q1 2025
The surge in investment was primarily driven by late-stage funding, which saw a remarkable 47% jump—reaching $227 million during the January to March period—up from $154 million in the final quarter of 2024, as per insights from Tracxn, a prominent market intelligence firm.
India's "applied tariffs" to US only 7-8 pc, not humongous, Says Piyush Goyal
"Our applied tariff to America is likely seven or eight per cent. It's not huge," said Goyal, adding that most of the 17% average tariffs fall in areas that India does not import anything. He did not give out details of ongoing talks with the US, which has slapped a 26% "reciprocal tariff" on Indian exports.
Government Raises Excise Duty on Petrol and Diesel Amid Global Oil Price Drop
As per the Ministry of Petroleum and Natural Gas, the higher levy will not affect fuel prices at the retail level, as oil marketing firms like Indian Oil Corporation and Bharat Petroleum are reaping better margins due to declining global crude prices.
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