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.
It has been only a few days since the reality show 'Bigg Boss 19' started, but there has been a r
Prime Minister Narendra Modi is one of the country's most powerful and popular political leaders.
Tanya Mittal and Farhana Bhatt had a heated argument on Bigg Boss 19. Tanya reprimanded Farhana f
Pranit More has been evicted from the controversial reality show Bigg Boss Season 19. Nine contes
Monsoon has knocked in many states of the country. There was a dust storm in Delhi-NCR on Thursda
The protests that started on the streets of Nepal under the leadership of the youth had turned in
Congress: 'Until you change your stance...'; Muralidharan takes a dig at Tharoor's recent statement
Senior Congress leader K. Muralidharan on Sunday once again targeted his party leader Shashi Thar
Pope Francis, the first Latin American of the Roman Catholic Church, died on Monday morning i.e.
In the past few days, gold and silver have been setting new records every day. However, today, af
Curfew has been imposed in 11 police station areas of Nagpur after violence erupted due to agitat
