US Tariff Cut to 18% Boosts Indian Apparel, Textile Exports
Indian apparel and textile industry bodies welcome the US reciprocal tariff reduction from 25% to 18%, forecasting significant export growth and job creation.
Category : Business
Kanpur Police Bust Rs 7 Crore GST Fraud, Arrest 7
Kanpur police arrested seven individuals for allegedly stealing Rs 7.03 crore in input tax credit through fake firms and invoices. The accused include a chartered accountant and a former corporator's son.
Surat's Rs 10,593 Cr Budget: No Tax Hike, 8 New Bridges
Surat Municipal Corporation presents a historic Rs 10,593 crore draft budget for 2025-26 with Rs 593 crore increase. No property tax hike proposed. Major allocations for bridges, roads, green policy, and women's safety initiatives.
WestBridge Invests $45M in Carbon Removal Startup Varaha
WestBridge Capital leads $20M Series B funding for Gurugram-based Varaha, with additional $25M planned. The carbon removal firm projects $100M revenue over 2-3 years and operates across India, Bangladesh, Nepal, and Kenya.
Prachi Mishra on Budget 2026-27 & US Trade Deal Today
Ashoka University's Prachi Mishra joins Explained.Live to analyze India's economic landscape post-Budget 2026-27, US tariff cuts, and upcoming inflation data. Session at 6 PM today.
US Cuts Tariffs on Indian Goods, Exporters Rejoice
Indian exporters celebrate as the United States reduces tariff rates on Indian goods from 50% to 18%, reviving stalled operations and boosting optimism across export-driven industries.
Stephen Miran Resigns from White House Economic Advisory Role
Stephen Miran, a top economist for Donald Trump, has resigned as chair of the White House Council of Economic Advisers, concluding an unusual overlap with his Federal Reserve role that raised governance concerns.
Tiruppur Apparel Exporters Optimistic About India-US Trade Deal
Tiruppur's apparel exporters are optimistic about increased exports following the India-US trade deal announcement, which comes shortly after the EU FTA, potentially opening key markets for the industry.
Commodity Storm Hits Indian Automakers After GST Relief
Indian automakers face margin pressure from soaring raw material costs, threatening the post-GST sales rebound. Major companies like Maruti, Hyundai, and TVS plan price hikes amid unprecedented commodity volatility.
RBI Likely to Pause Rates in February, Focus Shifts to Liquidity
The RBI's Monetary Policy Committee is expected to keep the repo rate unchanged at 5.25% in its February meeting, with economists predicting a prolonged pause as liquidity conditions become the central concern amid tight systemic cash flow.
Telangana GST Department Tightens Scrutiny on Fake Addresses
Telangana's commercial taxes department has activated comprehensive monitoring across all tax circles to detect fake addresses in GST registrations following an unprecedented spike in applications.
Ludhiana Scrap Godown Fire Destroys Vehicles, No Casualties
A massive fire at a scrap godown in Ludhiana's Kanganwal industrial area destroyed heavy vehicles and sent thick smoke across the city. Firefighters battled for hours with no casualties reported.
US Tariff Cut to 18% on Indian Goods Boosts Maharashtra Exports
Industry bodies across Vidarbha and Maharashtra welcome the US tariff reduction to 18% on Indian goods, calling it timely relief that restores competitiveness in the world's largest consumer market and opens significant export opportunities for key region
Thiruvananthapuram's Rs 1,300 Cr Four-Lane Road Project
Kerala's food and civil supplies minister G R Anil announced the Vazhayila-Pazhakutti four-lane road project costing Rs 1,300 crore, aimed at enhancing regional connectivity in Thiruvananthapuram.
Milma Increases Cattle Feed Subsidy to Rs 200 for Kerala Farmers
Kerala's Milma announces Rs 200 subsidy per bag of Gomathi Gold cattle feed from Feb 1 to March 31, providing total benefit of Rs 300 to dairy farmers amid rising production costs.
India-EU FTA: Punjab Manufacturing Set for Major Boost
The landmark India-European Union Free Trade Agreement, finalized on January 27, eliminates tariffs on over 90% of Indian exports, creating unprecedented opportunities for Punjab's industrial sector and MSMEs.
Kerala Landowners Get Rs 102 Crore Compensation for Road Project
After months of delays, 52 landowners in Balaramapuram finally receive compensation for land acquired for Karamana-Kaliyikkavila Road development. The Rs 102 crore disbursement marks progress for this vital infrastructure upgrade.
US Cuts Tariffs on Indian Goods, Ludhiana Industries Rejoice
The United States has dramatically reduced import tariffs on Indian goods from 50% to 18%, ending a trade standoff and providing major relief to Ludhiana's exporters across manufacturing, garments, and honey sectors.
India-US Deal Won't Cut Russian Oil Imports Soon
The India-US trade agreement is not expected to reduce India's Russian crude oil imports in the near term, with supplies continuing from non-sanctioned entities despite sanctions on Rosneft and Lukoil.
India's Critical Minerals Role Called Timely and Necessary
Ahead of the Critical Minerals Ministerial, experts highlight India's growing participation in the partnership as a crucial step for energy security and economic growth.
US-India Trade Deal Slashes Tariffs, Lifts Gujarat Exports
The US-India trade agreement reduces tariffs from 50% to 18%, revitalizing Gujarat's export-driven economy. Sectors like textiles, chemicals, gems, and solar energy gain competitiveness, with industry leaders predicting capacity expansion and renewed US m
Cauvery Delta Farmers Seek Mettur Dam Water Release
Farmers in Tamil Nadu's Cauvery delta region are urging authorities to reopen Mettur dam and resume water release for irrigation, with crucial paddy crops still needing weeks to mature before harvest.
Adani, Leonardo Partner for Helicopter Manufacturing in India
Adani Defence and Italian firm Leonardo sign MoU to establish integrated helicopter manufacturing ecosystem in India, addressing military and civilian demands.
India-US Trade Deal: Key Sectors Protected, Benefits Outlined
Following PM Modi and President Trump's announcement, India confirms sensitive agriculture and dairy sectors are protected in the trade deal, while textiles, leather, and gems & jewellery stand to benefit. The agreement is expected to be finalized soon.
VMC to Build Parking, Shopping Complex & Hotel with Bond Funds
Varanasi Municipal Corporation plans to construct underground parking, shopping complex, and hotel at Sigra using Rs 50 crore municipal bond funds. A mega shopping complex will also be developed at Senpura's veterinary hospital site.
India-US Trade Deal: Goyal Vows to Protect Agriculture, Dairy
Commerce Minister Piyush Goyal announces the India-US trade agreement is in final stages, assuring 140 crore Indians that agricultural and dairy interests will remain safeguarded in the landmark pact.
US Tariff Cut Revives Rajasthan's Rs 18,000 Cr Exports
The United States' decision to reduce punitive tariffs on Indian goods from 50% to 18% will revitalize Rajasthan's annual exports worth nearly Rs 18,000 crore, according to industry leaders.
Indian Carpet Exports Fall 9% to $735M, US Market Hurts
Indian carpet and rug exports declined nearly 9% to $735 million from April to November, with US market volatility causing significant setbacks despite growth in UK and UAE markets.
Indian Exporters Celebrate Trump Tariff Cut, Business Shifts
Indian garment, gems, and leather exporters react to Trump's 50% tariff removal announcement. While garment exporters celebrate timely relief during seasonal orders, leather suppliers face delays. Industry leaders discuss competitiveness and future strate
Bengaluru to Auction 7,000 Properties for Tax Aruears
The Bruhat Bengaluru Mahanagara Palike is set to auction 7,000 properties in Bengaluru due to significant unpaid property tax arrears, aiming to recover crores in revenue.
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