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On US reciprocal tariffs on India, Centre's updates in Parliament

Jitin Prasada said India and the US will focus on increasing market access, reducing import duty and non-tariff barriers.

US President Donald Trump and PM Narendra Modi during a news conference in the East Room of the White House in Washington DC on February 13, 2025.(Bloomberg)

india news

Updated on Mar 11, 2025 04:26 PM IST

ByHT News Desk

Will Trump's tariffs make iPhones more expensive in India? Details here

Though Donald Trump didn't refer to electronic goods in his address at US Congress, Indian electronics are a key item imported by US tech firms.

US President Donald Trump speaks during an executive order signing ceremony in the Oval Office of the White House in Washington, DC, US, on Thursday, March 6, 2025.(Al Drago/Bloomberg)

business

Published on Mar 07, 2025 08:58 AM IST

ByHT News Desk

Skoda Volkswagen will have to fall in line, not play victim: Bombay HC told

Customs Department has told the Bombay High Court that Skoda Volkswagen will have to fall in line. The department was justifying its $1.4-billion tax demand.

The Customs Department, while justifying its $1.4-billion tax demand notice to Skoda Volkswagen, said the company will have to stop playing the

business

Published on Feb 20, 2025 06:36 PM IST

ByHT News Desk | Edited by Ashley Paul

‘Blow to Make in India’: Cycle manufactures flay import duty cut

The manufactures said that the move will boost the influx of imported bicycles into the market, resulting in losses for them

Industry representatives say they will meet BJP leaders soon, air concerns about likely losses from the Centre’s move. (HT Photo)

cities

Published on Feb 02, 2025 10:28 PM IST

ByTarsem Singh Deogan, Ludhiana

Gold, silver, platinum jewellery to get cheaper after Union Budget 2024 duty cut

Jewellery company shares rise after Finance Minister Nirmala Sitharaman cuts down Basic Customs Duty (BCD) on precious metals like gold, silver, and platinum.

The import duty on gold and silver is down to 6% now, compared to 15% earlier. Platinum import duty is now down to 6.4% from 15.4% earlier. (HT)

business

Published on Jul 24, 2024 11:09 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

India set for wheat imports after six years, to shore up reserves

INDIA-WHEAT/ (ANALYSIS):ANALYSIS-India set for wheat imports after six years, to shore up reserves

business

Updated on May 29, 2024 02:50 PM IST

Reuters |

Will become the voice of orchardists, says Vikramaditya Singh

While addressing election meetings in Kullu district, Vikramaditya said building a cold store for fruit growers in Kullu, building a big apple and other fruit juice plant will also be his priority

Congress candidate Vikramaditya Singh campaigns for Lok Sabha elections, at Banjar in Kullu, Himachal Pradesh, on Sunday. (PTI)

cities

Updated on May 20, 2024 05:36 AM IST

ByHT Correspondent, Dharamshala

BJP marginalised apple growers: Minister

He said in the 2014 Lok Sabha elections, the BJP had talked about increasing the import duty on apples to 100%, but in contrast, it reduced it from 70% to 35%. After the import duty was reduced, apples were imported into the country from about 44 countries, the brunt of which is being borne by the orchardists financially.

Education minister Rohit Thakur on Saturday claimed that the apple growers have been marginalised due to the “anti-people” policies of the BJP. (HT File)

cities

Updated on May 19, 2024 07:04 AM IST

ByHT Correspondent, Shimla

Centre cuts import duty on phone parts. How will it help Made In India mobiles?

The import duty on parts such as battery covers, main camera lenses, back covers, other mechanical items of plastic and metal, has been reduced to 10%.

Representative Image: Mobile phone exports is projected to reach $15 billion in the current fiscal year.(AFP)

business

Published on Jan 31, 2024 01:40 PM IST

ByHT News Desk

2023: A year of food-price and climate shocks

The year was particularly challenging one, as the country was hit by intense heatwaves, erratic rains, floods, droughts, storms and cyclones

The country prohibited overseas shipments of wheat in March 2022, white rice in July this year and onions this month. (PTI)

india news

Updated on Dec 25, 2023 04:35 PM IST

ByZia Haq

India's trade exports fall by ₹1.7 lakh crore, now at $33.57 billion

India's merchandise trade deficit in November has narrowed sharply on subdued imports, falling to USD 33.57 billion.

India’s merchandise exports have seen a significant dip in November 2023. (Bloomberg File Photo)

business

Published on Dec 15, 2023 05:29 PM IST

Reuters |

Former Himachal CM Thakur accuses state govt of wasteful expenditure

Former Himachal CM Jai Ram Thakur has claimed that present state government has accumulated significant debt and accused them of wasteful expenditures

Thakur accused the present Himachal government of “cheating” the people. (HT File Photo)

cities

Updated on Jun 20, 2023 12:02 AM IST

ByHT Correspondent, Shimla

Apple growers from Himachal, J&K, Uttarakhand protest at Jantar Mantar

The protest by apple growers from Himachal, J&K, Uttarakhand was organised a day before workers and farmers are holding a rally at the Ramlila Grounds on Wednesday over high inflation, low wages and farm crisis.

Apple farmers from Himachal Pradesh, Uttarakhand and Jammu and Kashmir on Tuesday participated in a protest at Jantar Mantar in Delhi over no import duty on imported apple and end of market intervention scheme by the Central government that allowed states to produce agriculture produce in 17 states. (HT Photo)

cities

Updated on Apr 04, 2023 10:29 PM IST

ByHT Correspondent, New Delhi

India puts on hold proposal to cut import duty on edible oils: Report

The world's biggest vegetable oil importer was considering reducing duties after domestic soyoil and palm oil prices more than doubled in the past year, hitting consumers already stung by record fuel prices and reduced incomes amid Covid-19.

Demand from bulk buyers like hotels, restaurants and bakeries had already dropped after authorities imposed local lockdowns in response to a devastating second wave of coronavirus infections over recent months, dealers said.(Representational image)

business

Published on Jun 17, 2021 01:24 PM IST

Reuters | , New Delhi/mumbai

AC imports plunge by 87% in January

Several Japanese AC manufacturers have raised this matter through their embassy but have been “advised” to set up facilities in India as these restrictions are part of the government’s Make In India policy, said the people cited above.

Air conditioners installed at a building in New Delhi

business

Updated on Mar 15, 2021 05:50 AM IST

ByRajeev Jayaswal, Rezaul H Laskar, New Delhi

Soaring gold prices, slow market dampen Diwali sales as Ludhiana jewellers put onus on govt policies

According to the city jewellers, they are facing a slowdown of over 50%

cities

Updated on Oct 26, 2019 09:27 PM IST

ByAmarpal Singh, Ludhiana

Kharif output expected to fall this year

The upshot of a projected decline in food output is that it is expected to, at least slightly, push up flat food prices, especially of grains.

Subdued food inflation benefits consumers or net buyers of food items, but they also hurt farm incomes, especially because commodity prices are not keeping pace with rising costs of cultivation.(HT image)

india news

Updated on Sep 11, 2019 03:51 AM IST

New Delhi | ByZia Haq

Donald Trump escalates tariff war with China, India will be watching closely

US president Donald Trump’s decision to hike tariffs on Chinese goods by additional five % has escalated the trade war between the two countries. India will be watching these developments very closely as the only other country, apart from China, to have hit back against Trump’s unilateral duty hikes.

Markets fell by close to 600 points after US President Donald Trump’s latest trade offensive against China(AP)

world news

Updated on Aug 24, 2019 11:16 AM IST

Hindustan Times, Washington | ByYashwant Raj

Donald Trump’s China tariffs to increase cost of Bible, upsets religious groups

The US and China have been locked in a bruising trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year, a move that sparked fears of a global trade war.

President Donald Trump speaks at the White House in Washington, Monday, June 24, 2019. Trump’s sudden decision against military strikes may have prevented open conflict with Iran, but it also showed him to be an unpredictable, if unreliable, partner at home and abroad. (AP Photo/Carolyn Kaster)(AP FILE)

business

Updated on Jun 26, 2019 11:21 AM IST

Washington | ByPress Trust of India

India can boost export of 300 products to US, China amid trade war: Report

The identification of these products is part of a study carried out by the ministry which states that the ongoing tariff or customs duties war between the US and China proves a big window of opportunity for enhancing India’s exports to these two nations.

The ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries(Bloomberg)

business

Updated on Jun 16, 2019 11:43 AM IST

New Delhi | ByPress Trust of India

Mike Pompeo to focus on defence, trade ties during visit to India

In a speech roughly etching the contours of his planned June 24 visit, Pompeo confirmed the US approval and offer of sale of high-tech defence equipment to India such as armed drones, Terminal High Altitude Area Defence (THAAD) and Patriot-3.

US Secretary of State Mike Pompeo (left) with PM Narendra Modi in New Delhi on September 06, 2018. (PTI file)

india news

Updated on Jun 14, 2019 06:38 AM IST

Hindustan Times, Washington | ByYashwant Raj

US to end trade privileges for India on June 5, says Donald Trump

India is the biggest beneficiary of the GSP, which allows preferential duty-free imports of up to $5.6 billion from the South Asian nation.

Trump had announced his intention to remove India from the Generalized System of Preferences (GSP) program in early March.(AFP FILE)

world news

Updated on Jun 01, 2019 11:07 AM IST

Washington | ByYashwant Raj

Fears rise China could weaponise rare earths in US tech war

China is one of the world’s major suppliers of rare earth metals, a group of 17 elements that are widely used in high-tech products ranging from flat-screen TVs to lasers and military equipment.

Xi was accompanied by vice-premier Liu He, the top negotiator with Washington amid the ongoing dispute.(HT Photo)

world news

Updated on May 22, 2019 08:33 PM IST

Hindustan Times, Beijing | BySutirtho Patranobis

Donald Trump targets India on trade second time this week. Should New Delhi worry?

US president Donald Trump took yet another shot at India on ongoing trade differences and accused it Saturday of charging “over 100%” import duty on certain American goods.

U.S. President Donald Trump(REUTERS FILE PHOTO)

world news

Updated on Apr 07, 2019 12:32 PM IST

Hindustan Times, Washington | ByYashwant Raj

EU launches WTO case against India over import duties

The European Commission, which oversees trade policy for the 28-member European Union, said in a statement that the total value of affected EU exports was more than 1 billion euros ($1.1 billion) per year.

In the case against India, the EU is challenging the introduction of import duties of between 7.5 and 20 percent for a wide range of IT products, such as mobile phones and components.(AP File Photo)

business

Updated on Apr 02, 2019 07:30 PM IST

Brussels | ByReuters

Piyush Goyal asks taxmen to refrain from being overzealous, advises biz to pay taxes ethically

The government in last few years has made an “honest attempt” to make the tax administration taxpayer friendly, and worked towards continuously bringing down tax rates, and make compliance easier.

Piyush Goyal, who was earlier this week given the additional charge of Finance Ministry, asked the taxmen to trust the customers with a great degree of intelligence, while adopting a customer friendly approach.(PTI Photo)

business

Updated on Jan 25, 2019 11:49 PM IST

Press Trust of India | ByPress Trust of India

‘India’s exports performance extremely good, but I’m not fully satisfied’: Suresh Prabhu

Commerce and Industry Minister Suresh Prabhu also hoped that the recently announced agri-export policy will help boost exports from the sector to USD 60 billion in the next five years and USD 100 billion in the next 10 years.

Union Minister of Commerce and Industry Suresh Prabhu said as India is one of the major exporter of services like IT and ITeS, the ministry’s strategy will have elements to promote services exports also.(PTI file photo)

india news

Updated on Dec 26, 2018 12:17 PM IST

New Delhi | ByPress Trust of India

India again defers duty hike on 29 US products till January 31

Commerce and industry minister Suresh Prabhu will hold bilateral discussions on trade issues with US Commerce Secretary Wilbur Ross on February 14 in New Delhi.

India for the fourth time deferred the deadline to impose retaliatory customs duties on 29 US products, including almond, walnut and pulses, by another 45 days, the government has said.(AFP File Photo)

business

Updated on Dec 18, 2018 05:32 PM IST

New Delhi | ByPress Trust of India

US eyeing better trade deals with India, says Donald Trump

US president Donald Trump has referred to India as “tariff king” and raised a low-volume export– Harley-Davidson motorbikes – to call attention to India’s import duties.

US President Donald Trump described ties with India as a “bulwark for freedom, prosperity and peace”, spoke of his friendship with Prime Minister Narendra Modi and, trying to lighten bilateral trade talks, said Indians are “very good negotiators”.(PTI File Photo)

world news

Updated on Nov 15, 2018 12:04 AM IST

Hindustan Times, Washington | ByYashwant Raj

Govt may not further hike import duty on non-essential items

The government, within a span of two weeks, has hiked import duty on a host of household items like refrigerators and air conditioners, and telecom and communications system products as it looked to cut import of non-essential items.

In the latest round of duty hike effective October 12, the Finance Ministry increased the levy of import of base station, IP Radios, soft switches and Voice over Internet Protocol (VoIP) equipments, and optical transport equipments, among others, to up to 20 per cent.(PTI File Photo)

india news

Updated on Oct 14, 2018 01:10 PM IST

New Delhi | ByPress Trust of India

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import duty news

Latest from import duty

Jitin Prasada said India and the US will focus on increasing market access, reducing import duty and non-tariff barriers.

Though Donald Trump didn't refer to electronic goods in his address at US Congress, Indian electronics are a key item imported by US tech firms.

Customs Department has told the Bombay High Court that Skoda Volkswagen will have to fall in line. The department was justifying its $1.4-billion tax demand.

The manufactures said that the move will boost the influx of imported bicycles into the market, resulting in losses for them

Jewellery company shares rise after Finance Minister Nirmala Sitharaman cuts down Basic Customs Duty (BCD) on precious metals like gold, silver, and platinum.

INDIA-WHEAT/ (ANALYSIS):ANALYSIS-India set for wheat imports after six years, to shore up reserves

While addressing election meetings in Kullu district, Vikramaditya said building a cold store for fruit growers in Kullu, building a big apple and other fruit juice plant will also be his priority

The import duty on parts such as battery covers, main camera lenses, back covers, other mechanical items of plastic and metal, has been reduced to 10%.

The year was particularly challenging one, as the country was hit by intense heatwaves, erratic rains, floods, droughts, storms and cyclones

India's merchandise trade deficit in November has narrowed sharply on subdued imports, falling to USD 33.57 billion.

Former Himachal CM Jai Ram Thakur has claimed that present state government has accumulated significant debt and accused them of wasteful expenditures

The protest by apple growers from Himachal, J&K, Uttarakhand was organised a day before workers and farmers are holding a rally at the Ramlila Grounds on Wednesday over high inflation, low wages and farm crisis.

The world's biggest vegetable oil importer was considering reducing duties after domestic soyoil and palm oil prices more than doubled in the past year, hitting consumers already stung by record fuel prices and reduced incomes amid Covid-19.

Several Japanese AC manufacturers have raised this matter through their embassy but have been “advised” to set up facilities in India as these restrictions are part of the government’s Make In India policy, said the people cited above.

According to the city jewellers, they are facing a slowdown of over 50%

The upshot of a projected decline in food output is that it is expected to, at least slightly, push up flat food prices, especially of grains.

The US and China have been locked in a bruising trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year, a move that sparked fears of a global trade war.

The identification of these products is part of a study carried out by the ministry which states that the ongoing tariff or customs duties war between the US and China proves a big window of opportunity for enhancing India’s exports to these two nations.

In a speech roughly etching the contours of his planned June 24 visit, Pompeo confirmed the US approval and offer of sale of high-tech defence equipment to India such as armed drones, Terminal High Altitude Area Defence (THAAD) and Patriot-3.

India is the biggest beneficiary of the GSP, which allows preferential duty-free imports of up to $5.6 billion from the South Asian nation.

China is one of the world’s major suppliers of rare earth metals, a group of 17 elements that are widely used in high-tech products ranging from flat-screen TVs to lasers and military equipment.

US president Donald Trump took yet another shot at India on ongoing trade differences and accused it Saturday of charging “over 100%” import duty on certain American goods.

The European Commission, which oversees trade policy for the 28-member European Union, said in a statement that the total value of affected EU exports was more than 1 billion euros ($1.1 billion) per year.

The government in last few years has made an “honest attempt” to make the tax administration taxpayer friendly, and worked towards continuously bringing down tax rates, and make compliance easier.

Commerce and Industry Minister Suresh Prabhu also hoped that the recently announced agri-export policy will help boost exports from the sector to USD 60 billion in the next five years and USD 100 billion in the next 10 years.

Commerce and industry minister Suresh Prabhu will hold bilateral discussions on trade issues with US Commerce Secretary Wilbur Ross on February 14 in New Delhi.

US president Donald Trump has referred to India as “tariff king” and raised a low-volume export– Harley-Davidson motorbikes – to call attention to India’s import duties.

The government, within a span of two weeks, has hiked import duty on a host of household items like refrigerators and air conditioners, and telecom and communications system products as it looked to cut import of non-essential items.

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