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.
The National Testing Agency (NTA) has officially revised the exam dates for the UGC NET June 2025
The war between Israel and Iran seems to be coming to an end. US President Donald Trump has once
Shubman Gill wreaked havoc with the bat in England, breaking Rahul Dravid's 23-year-old record.
Indian Test captain Shubman Gill made a historic record on English soil on 13 July. He broke the
The number of active cases of Covid in India has increased to 3,961. The Union Health Ministry re
US President Donald Trump on Wednesday announced a 25 percent tariff on India. He said that these
PM Modi: Tahawwur Rana was on PM Modi's target since 2011, now a 14-year-old tweet is going viral
After the extradition of Tahawwur Rana to India, an old tweet of Prime Minister Modi from the yea
Pakistan is nervous after India attacked Pakistan. Pakistan's condition is so bad that it is now
Veteran actor of Indian cinema Prabhas has come into the limelight these days due to a viral phot
Controversial reality show Bigg Boss Season 19 is attracting everyone's attention at this time. T
Star Indian players Abhishek Sharma, Tilak Verma, Arshdeep, and Harshit Rana will be aiming to se
