Following the consultation, the USTR has decided to impose a tariff of up to 25 per cent ad valorem on aggregate level of trade on a slew of Indian products
Suggests institutional mechanism, regular hand-holding for firms
Performance signals recovery in external demand as shipment values were nearly 8% higher than May 2019 figures
But it is down 15% sequentially due to second wave
DPIIT is considering changes in the current procurement norms to further increase the minimum local content requirement in public procurement tenders
The US government promised to stand with India as it continues to fight the resurgence of the pandemic
The scheme also aims at making domestic manufacturing globally competitive, create jobs, and boost exports.
As of May 14, guarantees of only Rs 68.39 crore had been issued, benefiting 632 businesses, a senior government official told Business Standard
Merchandise exports nearly trebled in April to $30.63 billion over the same period last year
Developed nations opposed the proposal, though it received the support of three-fourths of member nations
Prices of primary articles were up 10.16% in April from -1.08 per cent a year ago; little scope for rate cuts, say experts
Services exports are estimated to have grown 28.68 per cent YoY to $21.17 billion in April
Goyal and Tai discussed measures to increase vaccine availability in an inclusive and equitable manner to fight the pandemic
Commerce & industry minister urges countries to share vaccines liberally with those in dire need of them
Economists say policy rate reduction unlikely
The development comes in the wake of the US backing temporarily suspending intellectual property protection for Covid-19 vaccines
Covid restrictions on one of the world's largest sources of sea crew may hurt India's trade
European Commission supports move, matter heading to WTO
USTR Katherine Tai said an 'extraordinary measure' to support waiver of intellectual property protection on Covid vaccine has been taken to help end the pandemic.
According to them, measures such as revisiting classification of bad loans and clearing pending dues from government agencies are also required