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.
There is silence at the house of Anurag Yadav, the lover of his wife Pragati, who was involved in
US President Donald Trump has once again taken credit for the India-Pakistan ceasefire and made a
Opposition parties on Wednesday attacked the central government after US President Donald Trump i
Uttarakhand Waqf Board Chairman Shadab Shams has given a big statement on the Waqf Amendment Bill
Prime Minister Narendra Modi will inaugurate the three-day 'Raisina Dialogue' on Monday. It is In
PM Modi: PM Modi will visit Thailand and Sri Lanka; and will attend BIMSTEC summit in Bangkok
Prime Minister Narendra Modi will visit Thailand and Sri Lanka next month. An official announceme
High alert issued in states bordering Nepal, soldiers searching people at the border
The situation in Nepal is going from bad to worse. Meanwhile, the Nepal Army has imposed curfew,
US President Donald Trump has given a big blow of a 50 percent tariff on India. This tariff is do
The police investigating the Nikki murder case in Greater Noida have seized the footage of CCTV c
Currently, there are nine contestants remaining on Bigg Boss 19. The reality show's finale will b
