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New Delhi: A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India - where it would have marked the first such shipment in nearly seven years - to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week, according to ship-tracking firm Kpler. There is no confirmation that ...Read More >
New Delhi: The recent decision by US President Donald Trump to impose a 100 per cent tariff on patented pharmaceutical imports to US is unlikely to cause immediate disruption to Indian drugmakers, as the move largely targets branded medicines while exempting generics and biosimilars, said Siddharth Mittal, CEO and Managing Director of Biocon Limited. In an exclusive interaction with ANI, Mittal said the tariff action is aimed at boosting domestic manufacturing in the United States but does not ...Read More >
New Delhi [India], April 3 (ANI): The recent decision by US President Donald Trump to impose a 100 per cent tariff on patented pharmaceutical imports to US is unlikely to cause immediate disruption to Indian drugmakers, as the move largely targets branded medicines while exempting generics and biosimilars, said Siddharth Mittal, CEO and Managing Director of Biocon Limited. Also Read | Mysuru Cloth Bag Scam: Karnataka High Court Orders Probe Against IAS Officer Rohini Sindhuri Over INR 5.8 Crore ...Read More >
New Delhi, Apr 3 (PTI) A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India - where it would have marked the first such shipment in nearly seven years - to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week, according to ship-tracking firm Kpler. There is no confir ...Read More >
India flags human cost of Gulf crisis: Foreign Secretary Vikram Misri says India is the only country to have lost mariners in attacks in the Strait of Hormuz, urging diplomacy and safe shipping amid West Asia tensions. Foreign Secretary Vikram Misri on Thursday highlighted a worrying reality as tensions rise in West Asia. Speaking at a meeting on the Gulf, he pointed out that India is the only country to have lost mariners in attacks in the Strait of Hormuz, a reminder of the human cost of the ...Read More >
Defence Minister Rajnath Singh Thursday chaired the second meeting of the Informal Group of Ministers (IGoM), which took stock of a range of issues, including LPG supplies, aviation turbine fuel price hike, and customs duty exemption on 40 critical petrochemical products till June this year. The meeting was attended by Cabinet ministers Nirmala Sitharaman (Finance), Hardeep Singh Puri (Petroleum), Manohar Lal (Power), Jagat Prakash Nadda (Chemical & Fertilisers), S Jaishankar (External Affairs) ...Read More >
New Delhi: India is looking at preferential market access for its products in the US, commerce and industry minister Piyush Goyal said on Thursday, adding that the country's trade pact with the US is the 'best' as compared to its competitor countries. "Our relations are very robust. We have a deep strategic partnership on several aspects- technology, defence, trade and investments, and our approach is that India should get preferential market access," Goyal told reporters here as one year elaps ...Read More >
New Delhi: Defence Minister Rajnath Singh on Thursday stressed the need for round-the-clock monitoring of the West Asia conflict while calling for a calibrated response to deal with any eventuality to ensure that national interests remain protected. Singh chaired a high-level meeting of the Informal Group of Ministers (IGoM) set-up to monitor the situation in West Asia. In view of the "uncertain situation", the defence minister underlined the importance of round-the-clock monitoring of the situ ...Read More >
The first meeting was held on March 28, when Singh had asked officials to closely monitor the situation and ensure coordinated action while planning for long-term stability. Union Defence Minister Rajnath Singh on Thursday chaired the second meeting of the Informal Group of Ministers (IGoM) in New Delhi, where members reviewed the government's response to the ongoing West Asia conflict. The meeting was attended by key Union ministers, including Finance and Corporate Affairs Minister Nirmala Sit ...Read More >
New Delhi, April 2 (SocialNews.XYZ) Round-the-clock monitoring and calibrated response must for India to stay prepared and deal with any eventuality amid the evolving West Asia crisis, Defence Minister Rajnath Singh said on Thursday. The second meeting of the Informal Group of Ministers (IGoM), set-up to monitor the evolving situation in West Asia and suggest proactive measures for its minimum impact on India, was held under the chairmanship of Rajnath Singh here. The meeting deliberated upon ...Read More >
New Delhi [India], April 2 (ANI): The second meeting of the Informal Group of Ministers (IGoM), set up to monitor the evolving situation in West Asia and suggest proactive measures for its minimum impact on India, was held under the chairmanship of Defence Minister Rajnath Singh at Kartavya Bhawan-2, New Delhi, on Thursday. According to a press release, the IGoM deliberated upon the recent developments at length, and the next steps to be taken by the Government to mitigate any adverse impact ar ...Read More >
New Delhi, Apr 2 (PTI) Defence Minister Rajnath Singh on Thursday emphasised the need for round-the-clock monitoring of the West Asia conflict and called for a calibrated response to deal with any eventuality to ensure that national interests remain protected. Singh made the comments while chairing a high-level meeting of the Informal Group of Ministers (IGoM) set-up to monitor the situation in West Asia. The meeting was attended by External Affairs Minister S Jaishankar, Finance Minister Nirm ...Read More >
New Delhi, Apr 2 (UNI) Amid growing uncertainty in West Asia, the government on Thursday reviewed India's preparedness and response strategy at a high-level meeting chaired by Defence Minister Rajnath Singh in New Delhi, stressing the need for constant vigilance and calibrated action to safeguard national interests. The meeting, the second of the Informal Group of Ministers (IGoM) set up to monitor the evolving situation in the region, brought together key members of the union Cabinet to ass ...Read More >
New Delhi, Apr 2 : Defence Minister Rajnath Singh on Thursday chaired the second meeting of the Informal Group of Ministers (IGoM) to review the evolving situation in West Asia, stressing the need for round-the-clock monitoring and a calibrated response to minimise its impact on India. The meeting, held at Kartavya Bhawan in the national capital, was attended by key ministers including Nirmala Sitharaman, S Jaishankar, Hardeep Singh Puri, Jagat Prakash Nadda, Manohar Lal Khattar, Prahlad Joshi, ...Read More >
New Delhi [India], April 2 (ANI): India's Foreign Secretary Vikram Misri on Thursday participated in a high-level meeting hosted by the United Kingdom on the evolving situation in West Asia, underlining concerns over maritime security, energy supply disruptions and the need for diplomatic de-escalation. According to a press release, the meeting, convened by the UK Foreign Secretary, saw participation from more than 60 countries amid rising tensions in the region. Also Read | Which Countries Ar ...Read More >
New Delhi [India], April 2 (ANI): India's Foreign Secretary Vikram Misri on Thursday participated in a high-level meeting hosted by the United Kingdom on the evolving situation in West Asia, underlining concerns over maritime security, energy supply disruptions and the need for diplomatic de-escalation. According to a press release, the meeting, convened by the UK Foreign Secretary, saw participation from more than 60 countries amid rising tensions in the region. During the discussions, the Fo ...Read More >
New Delhi, Apr 2 (PTI) India assumed the BRICS chairship on January 1, and as such it has followed a people-centric and humanity-first approach, the government informed Parliament on Thursday. The BRICS, originally comprising Brazil, Russia, India, China and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, and the UAE, with Indonesia joining in 2025. "India assumed the BRICS Chairship on January 1, 2026 under the theme, 'Building for Resilience, Innovation, Cooperation and Sust ...Read More >
New Delhi: India's cautious response to Bahrain's draft resolution at the United Nations Security Council (UNSC) on reopening the Strait of Hormuz is emerging as a significant diplomatic moment for New Delhi. As the BRICS chair in 2026, India finds itself navigating a delicate path between competing global positions on sovereignty, use of force, and maritime security amid a deepening West Asian conflict. "This particular resolution is under consideration in the UN Security Council," External A ...Read More >
Chennai: It has been a year since the US President announced the 'Liberation Day' tariffs and sent the global economies on a roller-coaster ride till they got some reprieve from the US Supreme Court. The talks for a trade deal with India, which started even before the announcement of the tariffs, still hangs in a limbo. The first shock from Donald Trump came on April 2, 2025, when he announced the reciprocal tariffs on its trade partners. He imposed a 10 per cent tariff on all countries and levi ...Read More >
New Delhi: Commerce and Industry Minister Piyush Goyal Thursday said the government is preparing a fresh set of measures to help Indian exporters navigate disruptions in global trade caused by the ongoing conflict in West Asia. He indicated that several decisions are currently under consideration across ministries and are likely to be announced soon. Addressing concerns over the impact of the conflict, Goyal said the war has adversely affected the global economy and trade flows, particularly d ...Read More >
New Delhi: India is preparing to reduce import duties and, if needed, regulate exports to ensure enough supply of essential goods within the country, as global trade faces disruption due to the ongoing Iran war, according to a Reuters report. Supply Chains Under Pressure The conflict in West Asia has disturbed global supply chains, affecting the movement of key goods such as energy, fertilisers, food items and industrial inputs. Rising tensions have increased freight costs and caused delays, m ...Read More >
MUMBAI, April 2 (Reuters) - India's sugar production is set to fall below consumption for a second straight year, as lower cane yields force mills to close faster than usual, trade officials told Reuters on Thursday. Lower output, coupled with rising exports, is likely to reduce domestic stockpiles and support local prices, which had been under pressure due to surplus supplies. "Sugar production is unlikely to exceed 28 million metric tons this season," said the India head of a global trade ho ...Read More >
Mumbai, Apr 2 (PTI) India's refined sunflower oil sales volume is expected to decline about 10 per cent in the current fiscal due to supply-chain disruptions triggered by the Middle East conflict and rising prices that are likely to drive consumers towards cheaper alternatives, a report said on Thursday. Indian refined sunflower oil volume is poised to decline 10 per cent in the current fiscal, due to twin headwinds that will dampen demand, Crisil Ratings said in a report. Firstly, supply-chai ...Read More >
As the West Asia war entered its fifth week, the government on Wednesday implemented concessions for Special Economic Zones (SEZs) announced during the Union Budget 2026-27. SEZ manufacturers have been facing pressures amid global geopolitical tensions and the US tariff impact from last year. This "one-time concession" will remain in place from April 1, 2026, to March 31, 2027, the government said. ".. to address the concerns faced by the manufacturing units in the SEZs due to ongoing global tr ...Read More >
NEW DELHI, April 2 (Reuters) - India has abolished import tax on petrochemicals used for making plastics and pharmaceutical goods after the government invoked emergency powers and diverted local chemicals for production of cooking gas due to shortages caused by the Iran war. The import tax exemption, opens new tab on 40 products is valid till June 30, according to a government statement on Thursday. "The government's decision to grant customs duty exemption on select petrochemical products ap ...Read More >
NEW DELHI: As a one-time relief for SEZ (Special Economic Zone) units, govt has allowed them to sell up to 30% of their turnover in the domestic tariff area, or the Indian market, by paying concessional duty.A minimum 20% value addition within the SEZ has been prescribed for units to get the concession that is available during the current financial year. A list of sectors has also been notified, covering major sectors and keeping sensitive sectors out."The measure is expected to benefit around 1 ...Read More >
The U.S. has reiterated that India maintains "high" import duties on a range of goods, including agricultural products, pharmaceuticals and alcoholic beverages, along with various non-tariff barriers. India has always maintained that its duties are in compliance with the rules of the World Trade Organisation (WTO). According to the U.S. Trade Representative's 2026 National Trade Estimate (NTE) Report on foreign trade barriers, released on March 31, given the large disparity between WTO bound a ...Read More >
Mumbai: To cushion exporters from the ongoing disruptions caused by the West Asia crisis, the RBI on Tuesday extended the enhanced export credit period of 450 days for pre- and post-shipment finance to June 30, 2026, from the earlier March deadline. The relaxation on realising and repatriating full export value from nine to 15 months will also remain in force, said the central bank. These measures, effective immediately, apply to all regulated entities involved in export financing, aiming to ea ...Read More >
Mumbai: The Mumbai Port Authority (MbPA) clocked its highest-ever cargo throughput of 75.15 million metric tonnes (MMT) in 2025-26, registering a 9.5% growth over the previous year, underscoring strong operational performance despite global trade uncertainties.Mumbai Port also maintained its lead in cruise tourism, handling 95 cruise calls and over 2.5 lakh passengers. In shipbuilding and repair, it handled 87 vessels for repair and 23 under construction, while advancing plans for a greenfield s ...Read More >
New Delhi: The US has listed India's preference for use of domestic satellites for direct-to-home (DTH) television services, the inability of American electronic payment services suppliers to participate in the UPI ecosystem, localised shutdown of internet and data localisation requirements as barriers to foreign trade. In its 2026 National Trade Estimate Report on Foreign Trade Barriers, the US Trade Representative (USTR) also cited high tariffs, particularly on agriculture products, surcharge ...Read More >
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