Page 2 - Krity Ambey

India's digital trade dilemma deepens after WTO duty moratorium lapses

With the WTO moratorium on electronic transmissions having lapsed, India must weigh tariff flexibility against its growing stake in open, predictable digital trade

US slaps 10% tariff on India under Sec 301 probe linked to forced labour

The new tariff announcement on Friday comes as Washington's baseline tariff of 10 per cent for all trading partners expires

Parl panel bats for cryptocurrency statutory and regulatory framework

A parliamentary panel has urged the government to create a regulatory framework for cryptocurrencies, citing investor protection and risks from the current legal vacuum

Govt allows Amazon and Flipkart to build inventories for exports

The DPIIT said the restrictions on inventory-based e-commerce models would no longer apply where such entities deal exclusively in exports of goods manufactured or produced in India

IMF urges stronger AI safeguards as India deepens financial sector adoption

The multilateral institution warned that rapid AI adoption could amplify systemic and cyber risks, urging stronger oversight, governance and international cooperation

Punjab & Sind Bank eyes 8-9 percentage point cut in govt stake via QIP: MD

Expect govt to also undertake minority stake sale in bank this year

India joins WTO fisheries subsidies agreement, becomes 123rd member

India has formally accepted the WTO Agreement on Fisheries Subsidies, backing sustainable fishing while safeguarding policy space for traditional and small-scale fishers

Punjab National Bank rides CD ratio cushion, skips deposit chase

PNB says its low credit-deposit ratio gives enough room to sustain loan growth, delaying aggressive deposit mobilisation while focusing on margins

PNB Q1 profit triples to ₹5,253 crore; margins remain below guidance

Punjab National Bank's June-quarter profit jumped 214% on a favourable base, but net interest margin stayed below FY27 guidance despite improving asset quality and steady loan growth

Govt plans to replace $189 bn of imports through domestic manufacturing

The Centre and states plan to replace $189 billion of imports by boosting domestic production of 1,272 products through targeted manufacturing and industrial clusters

India at risk of 100% US tariff for purchases of Russian crude oil

A revised bipartisan US Senate bill proposes a 100 per cent tariff on imports from the five largest buyers of Russian oil and gas, including India, while allowing presidential waivers

India flags off consignments worth $140 million to UK on Day 1 of FTA

India has operationalised its trade pact with the UK, enabling preferential tariffs from day one and flagging off $140 million worth of exports under the new regime

India expects relief in US Section 301 tariff after forced labour curbs

India expects lower US tariffs after aligning forced labour import rules with global standards amid ongoing Section 301 trade investigations

India prohibits import of goods produced using forced labour amid US probe

India has prohibited imports of goods made using forced labour, issuing its first such notification as the US considers tariffs under a Section 301 investigation

India's duty-free steel exports to UK likely to be around $1 bn annually

A higher tariff-rate quota secured under the India-UK trade pact is expected to lift India's annual duty-free steel exports to the UK to around $1 billion

CBIC rolls out process to claim duty concessions under India-UK FTA

CBIC has outlined the operational framework for self-certification of origin under the India-UK trade pact, enabling importers to claim preferential tariff benefits from July 15

US trade pact will be signed when time is right: Commerce Secretary

Fully engaged with Washington for a balanced deal, says Piyush Goyal

India's trade deficit widens to five-month high of $30.43 billion in June

The trade deficit widened sharply to $30.43 billion in June from $28.21 billion a month ago

India lays out tariffs, quotas for UK autos under FTA, to cut levy to 10%

Industry sees no immediate disruption in premium segment

FM Sitharaman, CEA urge GCCs to move up the value chain as AI threat looms

Nirmala Sitharaman urged GCCs to move up the value chain, while the CEA warned AI could erode India's cost advantage if firms fail to innovate