
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.
PM Modi's 75th birthday today... BJP makes special preparations for celebrations, PM to visit MP
The BJP and the government will celebrate Prime Minister Narendra Modi's 75th birthday today with
Prime Minister Narendra Modi inaugurated the 28th Commonwealth Speakers and Presiding Officers Co
'Operation Sindoor' was launched on 7 May and its aim was to eliminate the hideouts of terrorists
Indian Test team captain Shubman Gill has termed the strategy of deliberately wasting time by Eng
Katrina Kaif announced her pregnancy in September with a beautiful post. Now, happiness has final
YouTuber Purav Jha was recently seen in Amazon Prime Video's reality show "The Traitors". Karan J
Deepika Padukone trolled for wearing hijab, users said – Bindi is a wish and this is a compulsion?
Deepika Padukone and Ranveer Singh shared an ad on their social media pages. This ad was related
'It's an honor for me,' Trump was thrilled after receiving the Nobel Peace Prize from Machado.
US President Donald Trump had expressed his desire to win the Nobel Prize on several occasions. T
External Affairs Minister S Jaishankar and his Maldives counterpart Abdullah Khalil will hold a r
The fourth Test of the five-match series between India and England will be played from July 23 at