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Last updated on 9 Mar,2025 07:58 PM
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Refresh- Donald Trump claims India has agreed to slash its tariffs after ‘being exposed’US President Donald Trump has asserted that India has agreed to lower tariffs on American imports, stating that his administration is exposing unfair trade practices. The claim comes as India and the US discuss a Bilateral Trade Agreement (BTA) aimed at reducing barriers and increasing market access. Meanwhile, Tesla is pushing for zero import duties as it eyes an entry into India. The Indian government has not confirmed any tariff reductions but continues trade discussions with Washington.
- India struggles to shake off pessimism after $1.3 trillion stock market routGlobal fund managers remain cautious about Indian stocks despite lower valuations from a prolonged losing streak. Economic slowdown, profit downgrades, and potential US tariffs continue to weigh on the market. Meanwhile, traders are flocking to undervalued Chinese stocks amid a bull run driven by AI developments. Foreign investors have pulled nearly $15 billion from India this year, pushing outflows to surpass last year's record.
- Delhi govt allocates Rs 5,100 cr for Mahila Samridhi Yojana, providing Rs 2,500 monthly to womenThe Delhi government has approved the 'Mahila Samridhi Yojana' to provide financial assistance of Rs 2500 to women, with a budget allocation of Rs 5100 crores. Announced on International Women’s Day, the scheme will be overseen by a committee led by Chief Minister Rekha Gupta.
- Trump tariff threat: What it means for Indian stock market investorsDonald Trump's tariff threats have caused increased volatility in global markets, with India notably affected due to its higher tariff rates on U.S. goods. Key sectors like automobiles, pharmaceuticals, textiles, and steel face potential impacts. Seeking to mitigate risks, India is exploring tariff reductions and trade negotiations, aiming to establish a stronger economic partnership with the U.S.
- ET Awards: GST rate cut, slabs review in works, says Finance Minister Nirmala SitharamanFinance Minister Nirmala Sitharaman announced that India is close to further reducing GST rates and reviewing slabs. She assured that the GST has not made life costlier and hinted at further reductions. Sitharaman highlighted the need for protecting small and medium enterprises from dumping, ongoing trade deal negotiations, and the importance of private sector investments for growth.
- ET Awards 2024: FM Nirmala Sitharaman reveals full spectrum of India's current challenges and opportunitiesIndia needs to maintain strong supply chains amid uncertain trade equations, guiding its trade negotiations with the Trump administration. FM Nirmala Sitharaman emphasised the importance of a robust treaty and the need for India to boost exports and protect itself from potential dumping, particularly from nations like China.
- Rich Indians scramble to apply for EB-5 VisaRich Indians are rushing for the EB-5 visa to secure US permanent residency amid uncertainties around President Trump's proposed $5 million Gold Card program. The EB-5 visa offers a more affordable and established pathway, creating a surge in applications before potential policy changes.
- India most likely undercounting heat-related deaths: Former WHO chief scientist Soumya SwaminathanIndia is likely undercounting heat-related deaths due to insufficient data, but efforts to improve surveillance are underway, according to Soumya Swaminathan. India recorded 143 heat-related deaths and 41,789 suspected heat stroke cases last summer, with above-normal temperatures predicted again this year.
- Su-57 offer to India a very favourable deal, claims Russian envoy to New DelhiIndia has been offered advanced stealth fighters, the Sukhoi Su-57E from Russia and the F-35 II Lightning from the US, for its air force. Russia's ambassador highlighted the Su-57E's capabilities and potential for joint production. Meanwhile, India is independently developing its Advanced Medium Combat Aircraft after exiting a prior collaboration with Russia.
- Need to filter out those Congress leaders who work for BJP, says Rahul GandhiRahul Gandhi emphasized the need to filter out Congress leaders and workers aligned with the BJP, suggesting strict action and the importance of upholding party ideology. He highlighted Congress's inability to meet the expectations of the people of Gujarat and called for renewed focus to regain public trust ahead of the 2027 assembly polls.
- F-35 buzz in India? Air Chief AP Singh says ‘not so fast—It’s not like buying a washing machine’India is at a critical juncture in its Air Force modernisation, with the United States offering the advanced F-35 stealth fighter. However, no formal proposal has been made, and concerns over cost, operational compatibility, and strategic autonomy loom large. Meanwhile, India's indigenous fighter jet programme faces delays, forcing the country to consider stopgap foreign purchases. With China advancing its air capabilities and the US approving F-16 support for Pakistan, India must balance immediate needs with long-term self-reliance in defence manufacturing.
- Race against April 2 deadline: For US tariff truce, government mulls 2-pronged strategyIndia is assessing its import basket to create a customized lower tariff structure for the US, considering sectors like agriculture and automobiles. Negotiations for a bilateral trade agreement are advancing, with an emphasis on reducing tariffs and deepening supply chain integration. Experts urge caution, particularly regarding agriculture and technology-led manufacturing, to protect sensitive sectors.
- Musk calls on US to quit NATO, stop paying for defence of EuropeElon Musk expressed support for the U.S. exiting NATO, arguing it doesn't make sense for America to finance Europe's defense. His comments, made on social media, align with a suggestion from conservative commentators. This comes amid growing debates on NATO’s future, with Trump also pushing for NATO members to contribute more to defense costs.
- ET Awards: India will be in better condition because of our pragmatic approach, says Minister Vaishnaw on Trump tariffsIT and Railways Minister Ashwini Vaishnaw emphasized India's pragmatic approach and strong position in the face of geopolitical changes. Following discussions between PM Modi and Trump, India and the US aim to resolve trade issues and reach a bilateral trade worth $500 billion by 2030. Talks continue on lowering tariffs, especially in the agriculture sector.
- Violence erupts in Manipur as 'Free Movement' begins; bus attacked, 114 weapons recovered, 7 arrestedViolence broke out in Manipur on the first day of free movement as a bus was attacked by a mob, leading to clashes with security forces. Authorities responded by arresting seven militants and recovering a large cache of weapons, underscoring efforts to restore law and order.
- Putin is said to be ready to agree Ukraine truce with conditionsRussia is open to discussing a temporary truce in Ukraine if there is progress towards a final peace settlement. This offer was made during talks in Saudi Arabia, following US President Donald Trump's call for a ceasefire. Russia demands a clear understanding of the framework principles and the parameters of an eventual peacekeeping mission.
- "Premature talk, too early": Trump's claim of Modi govt agreeing to cut tariff draws response from Indian officialsIndia and the US have begun negotiations on a Bilateral Trade Agreement to be completed by autumn 2025. Discussions focus on reducing tariffs and other trade-related issues, with emphasis on market access and supply chain integration. The Indian side has cautioned that it is premature to discuss specifics.
- Tariffs harm economic growth, trade and consumers — Trump’s policy may backfire on AmericaDonald Trump's newly imposed tariffs on Chinese, Canadian, and Mexican imports have led to retaliatory measures, escalating trade tensions. The tariffs are expected to result in higher consumer prices, disrupt global supply chains, and decrease US economic growth while potentially causing significant job losses.
- When being a law-abiding citizen makes you a criminalThe piece highlights the vast scope of criminalized everyday actions under Indian laws. It stresses the need for a comprehensive review and principled decriminalization of non-harmful actions. Effective governance should rely on civil solutions for minor non-compliances while reserving criminal punishment for significantly harmful actions.
- Many Gujarat Congress leaders colluding with BJP: Rahul GandhiDuring his second day in Gujarat, Rahul Gandhi addressed the internal divisions within the state Congress, accusing some members of colluding with the BJP. He called for a significant overhaul, emphasizing the need to differentiate and possibly expel those aligned with the BJP.
- Donald Trump claims India has agreed to slash its tariffs after ‘being exposed’US President Donald Trump has asserted that India has agreed to lower tariffs on American imports, stating that his administration is exposing unfair trade practices. The claim comes as India and the US discuss a Bilateral Trade Agreement (BTA) aimed at reducing barriers and increasing market access. Meanwhile, Tesla is pushing for zero import duties as it eyes an entry into India. The Indian government has not confirmed any tariff reductions but continues trade discussions with Washington.
- Taxman smells a scam in dubious agricultural income declarationA nationwide probe by the income tax department is investigating entities declaring agricultural income of ₹50 lakh or more without owning any land. Cases of unrealistic farm income per acre are also being scrutinized for tax evasion, with potential penalties for wrongful claims.
- India struggles to shake off pessimism after $1.3 trillion stock market routGlobal fund managers remain cautious about Indian stocks despite lower valuations from a prolonged losing streak. Economic slowdown, profit downgrades, and potential US tariffs continue to weigh on the market. Meanwhile, traders are flocking to undervalued Chinese stocks amid a bull run driven by AI developments. Foreign investors have pulled nearly $15 billion from India this year, pushing outflows to surpass last year's record.
- Delhi govt allocates Rs 5,100 cr for Mahila Samridhi Yojana, providing Rs 2,500 monthly to womenThe Delhi government has approved the 'Mahila Samridhi Yojana' to provide financial assistance of Rs 2500 to women, with a budget allocation of Rs 5100 crores. Announced on International Women’s Day, the scheme will be overseen by a committee led by Chief Minister Rekha Gupta.
- Trump tariff threat: What it means for Indian stock market investorsDonald Trump's tariff threats have caused increased volatility in global markets, with India notably affected due to its higher tariff rates on U.S. goods. Key sectors like automobiles, pharmaceuticals, textiles, and steel face potential impacts. Seeking to mitigate risks, India is exploring tariff reductions and trade negotiations, aiming to establish a stronger economic partnership with the U.S.
- Hindi-Chini bhai bhai 2.0? ‘Dragon and elephant must dance together’, says China FM, pushing for stronger Sino-India tiesChina and India are making strides in improving their relationship, with leaders emphasising cooperation over conflict. After resolving a four-year military standoff in Ladakh, both nations have revived diplomatic dialogues. Chinese Foreign Minister Wang Yi stressed that border issues should not define ties, urging mutual support. He also highlighted their role in strengthening the Global South. As the 75th anniversary of diplomatic relations approaches, both sides are looking to build on past progress for a stable future.
- Musk calls on US to quit NATO, stop paying for defence of EuropeElon Musk expressed support for the U.S. exiting NATO, arguing it doesn't make sense for America to finance Europe's defense. His comments, made on social media, align with a suggestion from conservative commentators. This comes amid growing debates on NATO’s future, with Trump also pushing for NATO members to contribute more to defense costs.
- India has leaned on the US with low tariffs and that has to change: US Commerce Secretary Howard LutnickUS Commerce Secretary Howard Lutnick emphasized the need for a major trade agreement between the US and India, stressing that India must reduce tariffs and protections for the US market. He highlighted that India's agricultural sector needs to open up and suggested a reciprocal policy to enhance bilateral trade, leveraging the strong rapport between Modi and Trump.
- Trump again slams India as 'high tariff nation' while Modi govt looks to avoid heavy blowsUS President Trump has criticized India’s trade policies, calling it a "very high tariff nation" and announcing reciprocal tariffs effective April 2. Despite recent efforts by India to reduce tariffs and ease trade tensions, negotiations continue as the deadline nears, with hopes of securing favorable agreements.
- Trump’s on-again, off-again tariff strategy sows confusionUS President Trump's tariffs have caused confusion and market instability due to sudden reversals, exemptions, and unclear rollouts. Key advisers were not in place, leading to hastily executed trade policies. The lack of clarity has created challenges for businesses, while foreign leaders struggle to engage effectively with the US administration.
- Ola Electric stores see raids, seizures on flouting India rulesSince 2022, Ola Electric has expanded to 4,000 physical locations. However, a Bloomberg investigation found that, out of 3,400 showrooms with available data, only about 100 had the trade certificates required under India’s Motor Vehicles Act. This means over 95% of stores lacked the necessary certification to display, sell, offer test rides, or transport unregistered two-wheelers.
- ET Awards: GST rate cut, slabs review in works, says Finance Minister Nirmala SitharamanFinance Minister Nirmala Sitharaman announced that India is close to further reducing GST rates and reviewing slabs. She assured that the GST has not made life costlier and hinted at further reductions. Sitharaman highlighted the need for protecting small and medium enterprises from dumping, ongoing trade deal negotiations, and the importance of private sector investments for growth.
- Leeway on easier money could be a hidden peril in India's growth storySanjay Malhotra, the new Reserve Bank of India governor, is easing strict controls on consumer credit to boost economic growth. Banks will soon set aside less capital for loans to better-rated nonbank financial firms and microfinance loans. This move aims to revive slowing GDP but requires caution to avoid potential risks from increasing subprime loans.
- ET Awards 2024: FM Nirmala Sitharaman reveals full spectrum of India's current challenges and opportunitiesIndia needs to maintain strong supply chains amid uncertain trade equations, guiding its trade negotiations with the Trump administration. FM Nirmala Sitharaman emphasised the importance of a robust treaty and the need for India to boost exports and protect itself from potential dumping, particularly from nations like China.
- Rich Indians scramble to apply for EB-5 VisaRich Indians are rushing for the EB-5 visa to secure US permanent residency amid uncertainties around President Trump's proposed $5 million Gold Card program. The EB-5 visa offers a more affordable and established pathway, creating a surge in applications before potential policy changes.
- India most likely undercounting heat-related deaths: Former WHO chief scientist Soumya SwaminathanIndia is likely undercounting heat-related deaths due to insufficient data, but efforts to improve surveillance are underway, according to Soumya Swaminathan. India recorded 143 heat-related deaths and 41,789 suspected heat stroke cases last summer, with above-normal temperatures predicted again this year.
- Su-57 offer to India a very favourable deal, claims Russian envoy to New DelhiIndia has been offered advanced stealth fighters, the Sukhoi Su-57E from Russia and the F-35 II Lightning from the US, for its air force. Russia's ambassador highlighted the Su-57E's capabilities and potential for joint production. Meanwhile, India is independently developing its Advanced Medium Combat Aircraft after exiting a prior collaboration with Russia.
- Need to filter out those Congress leaders who work for BJP, says Rahul GandhiRahul Gandhi emphasized the need to filter out Congress leaders and workers aligned with the BJP, suggesting strict action and the importance of upholding party ideology. He highlighted Congress's inability to meet the expectations of the people of Gujarat and called for renewed focus to regain public trust ahead of the 2027 assembly polls.
- Putin is said to be ready to agree Ukraine truce with conditionsRussia is open to discussing a temporary truce in Ukraine if there is progress towards a final peace settlement. This offer was made during talks in Saudi Arabia, following US President Donald Trump's call for a ceasefire. Russia demands a clear understanding of the framework principles and the parameters of an eventual peacekeeping mission.
- 'Psychodrama': Mexico, Canada fume over Trump’s ‘on-again, off-again’ tariff negotiationsTrump Tariff War: Mexican and Canadian officials are frustrated with the unclear demands in tariff negotiations with the Trump administration. The on-again, off-again tariffs and shifting justifications are making resolution seem impossible. Canadian Prime Minister Trudeau warned of a trade war, while Mexican President Sheinbaum emphasized respect for the U.S. A lack of clarity challenges negotiations.
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