
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.
A case has been filed against two managers of Aryan Company for the helicopter crash in Gaurimai
"Between 10:30 and 11:30 pm, the mob attacked pelted stones, and set vehicles on fire. People wer
Bihar Exit Polls: 11 exit polls predict NDA forming government in Bihar, 1 predicts a close contest
Voting for the 243 seats of the Bihar Assembly took place in two phases. The first phase of votin
Today is the last day of Prime Minister Narendra Modi's visit to Bhutan. Before returning from Bh
Senior Congress leader and former Union Home Minister Shivraj Patil breathed his last this mornin
Pakistan Prime Minister Shahbaz Sharif on Thursday proposed talks with India. He says that Pakist
Actor Vijay Deverakonda was traveling from Puttaparthi, Andhra Pradesh, to Hyderabad, Telangana,
Former Indian cricket team player Robin Uthappa was sent a notice by the Enforcement Directorate
India is a major trading partner of the US. Last year, trade between the two countries was around
Prime Minister Narendra Modi has spoken to Donald Trump who returned to America leaving the G7 su