Countries should stay calm and not react quickly to protectionist moves to avoid harming economic growth. WTO urges not to overreact and study policies first. Climate efforts need consistent action from both countries and companies. Renewables and green technology hold economic promise, and progress should continue despite some setbacks.
WTO chief, world leaders call for calm amid trade and climate tensions at Davos
Some Indian exporters are facing margin calls and losses due to the sharp decline in the rupee. They had used the target redemption forward (TARF) structure, attracted by the promise of quick profits under low volatility. However, the rupee’s recent fall and increased volatility hindered profit caps and resulted in significant losses.
India plans to form a consortium including Bharat Global, Indian Port Rail & Ropeway Corporation, Sagarmala Development Company, and Shipping Corporation of India to bid for overseas port operations. The initiative aims to replicate the Chabahar port model in strategic locations, enhance maritime presence, and mitigate global trade disruptions with the establishment of Bharat Container […]
Ashwini Vaishnaw, leading the Indian delegation at Davos, emphasized India’s trust with global companies and strong US relationship despite potential issues like birthright citizenship changes. India presents a unified front for investments, focusing on manufacturing interest and AI development. Prime Minister Modi’s economic policies and trust in India’s foreign policy are key highlights.
India is examining the US ‘America First’ trade policy to determine its impact on bilateral trade. The White House directive to identify countries for potential agreements is viewed positively. Discussions are ongoing with US trade policies, and India’s government is awaiting key trade official appointments for further dialogue.
India is reviewing the impacts of Trump’s America First Trade Policy on its trade relations with the US, its largest trading partner. The memo suggests exploring bilateral or sector-specific agreements. Key trade officials’ confirmations in the US are awaited. Trump also threatens 100% tariffs on BRICS nations targeting the US dollar’s role in global trade.
India’s rice exports in 2024 remained steady despite earlier export curbs, with high basmati rice shipments compensating for a decline in non-basmati rice sales. The country’s total exports reached 17.8 million metric tons, down slightly from the previous year. Demand from Saudi Arabia, Iraq, and the UAE drove a 16.3% increase in basmati rice exports.
Trump’s exit from global tax deal not to hit India from tax collection standpoint: Experts
1 year ago
The Trump administration’s decision to withdraw from the OECD’s global tax deal will impact international consensus on a global minimum tax, but India remains unaffected. Experts note that the US exit will disrupt countries already adopting the Global anti-Base Erosion Model rules. With India’s cautious approach and recent tax amendments, it faces minimal direct consequences.
The government had allowed the import of tur under the ‘free category’ from May 15, 2021. Subsequently, the free regime has been extended from time to time.
The Diamond Imprest Authorization (DIA) Scheme, effective April 1, 2025, allows duty-free import of natural cut and polished diamonds under ¼ Carat for eligible exporters. It mandates a 10% value addition for exports and targets boosting exports and creating jobs in the diamond industry, addressing recent declines.