The commerce ministry plans to revise the Special Economic Zone (SEZ) regulations. This is to revitalize these zones and increase exports. The proposed changes include allowing sales in the domestic market with adjusted duties. It also introduces reverse job work provisions. Rupee payments may be permitted for specific services.
Govt plans SEZ law revamp to boost exports, ease domestic tariff area sales
India is actively fostering cruise tourism ties with ASEAN nations, as stated by Union Minister Sarbananda Sonowal at the inaugural ASEAN-India Cruise Dialogue. India aims to establish a seamless cruise network connecting with ASEAN countries through advanced ports and efficient systems. The Sagar Mala initiative targets one million cruise passengers by 2029, reflecting a significant […]
Trump admin calls India ‘strategic ally’ even as trade negotiators race against tariff deadline
4 months ago
US President Donald Trump has agreed to attend the next QUAD Summit in New Delhi after accepting an invite from Prime Minister Narendra Modi. White House Press Secretary Karoline Leavitt called India a “very strategic ally” and underlined Trump’s close ties with Modi. As External Affairs Minister S. Jaishankar visits the US for QUAD talks, […]
India and the US are in crucial trade talks. New Delhi is firm on its stance regarding market access in agriculture. This includes GM crops and dairy. India hopes for a deal before July 9. After July 9, reciprocal tariffs from the US will take effect. India will not compromise the interests of its farmers.
The White House indicated a potential trade deal with India is imminent as President Trump assesses tariff strategies. Negotiations face a critical July 9 deadline to avert a 26% tariff on Indian goods. India is holding firm on agricultural concessions, while both nations aim for a broader trade agreement by 2025, targeting $500 billion in […]
Import duty cut on US farm goods under trade pact could undermine India’s food security: GTRI
4 months ago
GTRI cautions India against lowering import duties on US farm goods in the proposed trade agreement, emphasizing potential threats to food security. Cheap, subsidized US grains could flood Indian markets, harming local farmers and destabilizing rural livelihoods. Maintaining tariff flexibility is crucial to protect over 700 million people dependent on agriculture and manage global price […]
India has prolonged quantitative restrictions on low ash metallurgical coke imports from several countries, including Australia and China, until December 31, 2025, allowing 14,27,166 tons for July-December. Simultaneously, the Directorate General of Foreign Trade extended the minimum import price of Rs 20,108 per ton on soda ash until the end of the year, initially imposed […]