
Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha on Monday that the government is assessing the impact of the 25 percent duty imposed by the US on steel and aluminum imports.
The minister said in a written reply that as per the announcement of the US President, the US government has imposed import duty from March 12. He said, as informed by the Department of Commerce, the impact of the above announcements on India is being assessed.
India's rating improved.
Responding to another question, the minister said that out of the 40 recommendations of the Financial Action Task Force, India has received compliance or largely compliance rating in 37. It received partially compliance rating in three recommendations and none was given non-compliance rating.
India was placed in the Regular Follow-Up category, which is the best possible rating given to any country being evaluated under FATF. There are only three other countries of the G-20 that have received this rating. This reflects India's strong position.
America will also suffer losses.
Some people also believe that Trump's tariff against India could become a noose around the neck for Americans as the prices of medicines in America may increase. Millions of Americans may have to pay more for their medicines.
According to a study by consulting firm 'IQVIA', Indian generic medicines saved $219 billion in 2022 alone. Experts say that without a trade agreement, Trump's tariffs could make some Indian generic medicines unviable. This could force companies to exit the market and worsen existing drug shortages.
Rakesh Sharma: 'Space travel changes the way of thinking'; Rakesh Sharma shared his old experiences
Rakesh Sharma, India's first astronaut to go to space in 1984, shared his travel experiences. He
Three schools in Delhi have received bomb threats. This threat has been sent to the schools by ma
Indian captain Suryakumar Yadav's statements following the victory over Pakistan in the 2025 Asia
The makers of the film Kannappa shared special information about the film on their social media h
Shah Rukh Khan has received the National Film Award for the film 'Jawaan'. This is the first time
Preparations have started to challenge the Waqf Amendment Bill in the Supreme Court. After Tamil
Former Indian cricketer Mohammad Kaif said that Indian Test batsmen are struggling at home due to
Bollywood actress Katrina Kaif announced her pregnancy on Tuesday. The actress shared a photo fro
Rain continues in North India including Delhi NCR. Light rain is falling in many areas of Delhi-N
All Party Delegation: Vikram Misri will discuss with the delegation, briefing with MPs going abroad
The central government is sending an all-party delegation to many countries to clarify India's st