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- As Trump's tariff threats get louder, what's next for India-US trade ties? February 11, 2025India reduced customs duties on multiple products ahead of Prime Minister Modi's US visit, aiming to ease trade tensions. The move targets better trade relations, given the US's significant export market for India and the risk of reciprocal tariffs under the Trump administration.
- More boosters coming? FM Sitharaman hints at fresh push to keep India the fastest-growing major economy February 11, 2025Finance Minister Nirmala Sitharaman emphasised steps to maintain India's rapid economic growth, balancing national priorities and fiscal prudence in the 2025-26 budget. She stressed the need for states to manage debt, highlighted inclusive development, and assured there were no cuts in key sector allocations. She noted India's effective inflation c […]
- Min panel may propose 5% GST with ITC benefit on term plans February 11, 2025A ministerial panel is considering a 5% GST with input tax credit on term insurance plans. The panel, headed by Bihar deputy chief minister Samrat Chaudhary, has asked the fitment committee to assess the tax impact and involves IRDAI for industry feedback, which has concerns over price impacts without ITC benefits.
- Cooking oil prices rise as rupee depreciates February 11, 2025The depreciation of the rupee has led to a rise in cooking oil prices by around 5-6 per kg, impacting consumers. Additionally, the cost of imported exotic fruits and nuts is expected to increase as imports become more expensive. This trend is expected to continue if the rupee weakens further.
- India, Israel aim 10x growth in bilateral trade February 11, 2025Commerce and Industry Minister Piyush Goyal underlined the sub-optimal bilateral trade between India and Israel, urging for a tenfold increase. With potential in sectors like technology and renewable energy, Goyal said he saw significant growth in trade and investments over the next 12-13 years.
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