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.
Describing the horror of the disaster, Shivansh, an injured soldier from the army camp in Harshil
Bengaluru Stampede: FIR against RCB in Bengaluru stampede case, case may be handed over to CID.
11 people died in a stampede outside the Chinnaswamy Stadium in Bengaluru. Many people were also
Waqf Fraud Case: ED registers case in Waqf fraud case, raids nine places in Gujarat
The Enforcement Directorate on Tuesday raided several places in Gujarat. The raids were conducted
Following the first phase of voting in the 2025 Bihar Assembly elections, Prashant Kishore (PK),
Under the captaincy of Shubman Gill, the Indian cricket team ended the 58-year drought at Edgbast
'Supreme' hearing on the arrest of Sonam Wangchuk today, wife filed a petition
Sonam Wangchuk was arrested by the government after the violence in Leh. Sonam Wangchuk is curren
Viewers eagerly await Bigg Boss 19's Weekend Ka Vaar. This Weekend Ka Vaar season, viewers receiv
Another hottest couple of Bollywood has now joined the parenting club. Siddharth Malhotra and Kia
"Kantara Chapter 1" was released in theaters on Thursday, October 2, 2025. The film grossed a sta
Saiyaara actor Ahaan Pandey broke Karan Johar's heart, shared a post, and said- 'Tears are flowing'
Mohit Suri directed film Saiyaara is making waves these days. Neither Anupam Kher's film The Tanv
