Stay updated with the latest tariff news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on tariff topics.
Bengaluru (Karnataka) [India], April 4 (ANI): The ongoing conflict in West Asia is sending ripples through the pharmaceutical industry, with raw material costs on the rise, says Jatish Sheth, Director of Srushti Pharmaceuticals. While speaking to ANI, Sheth highlighted that pharmaceuticals are vulnerable to disruptions in petrochemical supply chains, as many raw materials used in formulation are petrol-based. Also Read | WWE SmackDown Free Live Streaming Online, April 3: Get Wrestling Weekly E ...Read More >
Bengaluru (Karnataka) [India], April 4 (ANI): The ongoing conflict in West Asia is sending ripples through the pharmaceutical industry, with raw material costs on the rise, says Jatish Sheth, Director of Srushti Pharmaceuticals. While speaking to ANI, Sheth highlighted that pharmaceuticals are vulnerable to disruptions in petrochemical supply chains, as many raw materials used in formulation are petrol-based. "Pharmaceuticals are affected. Raw materials which are used for manufacturing formula ...Read More >
Mumbai: The Maharashtra Energy Department is preparing a long-term plan to provide free electricity to nearly 1.5 crore small consumers over the next five years, primarily by scaling up rooftop solar adoption. As part of the initiative, the state is considering an expansion of its SMART (Swayampurn Maharashtra Awasiya Rooftop) scheme, which offers targeted subsidies to promote residential solar installations. The scheme focuses on households consuming up to 100 units of electricity per month, pa ...Read More >
New Delhi: India is considering measures to encourage companies to ramp up production of induction cooktops and utensils such as electric cookers amid surging demand, with the Iran war disrupting cooking gas imports, said an official. Towards this, a meeting was held on Friday chaired by commerce and industry minister Piyush Goyal and attended by senior officials including secretaries of the Department for Promotion of Industry and Internal Trade (DPIIT) and power ministry, as well as the Direc ...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, Managing Director and CEO (Designate) Syngene International Limited. Also Read | US Pilot Rescued After Fighter Jet Shot Down in Iran; Helicopter Also Hit During Search ...Read More >
Mumbai: The Ministry of Civil Aviation (MoCA) suspended its recent directive that required domestic airlines to offer at least 60% of their aircraft seats without additional selection fees. The decision, issued on Thursday, puts the mandate in abeyance just 16 days after its initial announcement. The Indian Association of Tour Operators (IATO) welcomed the policy reversal and urged the government to offer seasonal subsidy foor passenger convenience. On Thursday, the ministry wrote to the Direct ...Read More >
New Delhi [India], April 3 (ANI): Amid the ongoing conflicts in West Asia, the continuation of schemes like RoSCTL (Rebate of State and Central Taxes and Levies) and RoDTEP (Remission of Duties and Taxes on Exported Products) helps reduce hidden taxes on exports, allowing Indian exporters to price their goods more competitively in global markets, said Ranjeet Mehta, CEO and Secretary General of PHDCCI. Speaking with ANI, Mehta said, "RoSCTL and RoDTEP reduce embedded taxes, enabling exporters t ...Read More >
NEW DELHI: The Civil Aviation Ministry has kept in abeyance its recent order mandating airlines to ensure that seat selection charges must not be levied on at least 60% of the seats on a flight. A communication in this connection was sent to the aviation regulator, the Directorate General of Civil Aviation (DGCA) on Thursday (April 2) night. The Ministry's previous order on free seat selection was issued on March 17 as part of passenger friendly moves announced by the Ministry. It now plans to ...Read More >
New Delhi: India is unlikely to be significantly impacted by US President Donald Trump's announcement of 100 per cent tariffs on certain patented drugs, as the country primarily exports low-cost generic medicines to America, think tank GTRI said on Friday. Trump signed an executive order on April 2, announcing the imposition of a 100 per cent ad valorem duty rate on the import of certain patented pharmaceuticals and associated pharmaceutical ingredients. The order, issued on April 2, 2026, bui ...Read More >
New Delhi, Apr 3 (PTI) Industries spanning consumer goods to cement, which are facing challenges from rising production and packaging costs amid geopolitical tensions in West Asia, expect the government's move to reduce customs duty on a range of petrochemical products to provide much-needed relief to manufacturers and downstream sectors. Petrochemicals are critical raw materials for plastics, and a lower cost could translate into cheaper packaging materials for sectors such as FMCG, retail, an ...Read More >
New Delhi: The Centre is mulling a slew of pre-emptive steps to mitigate the war-hit sectors in the country amid the ongoing West Asia conflict. The government is mostly focussing on manufacturing, energy and export sectors, among others to provide some 'temporary' relief to these sectors. Apart from the government's inter-ministerial set-up, both the finance ministry and commerce ministry are working separately on some new measures, including more production-linked incentive or PLI schemes for ...Read More >
Chennai: The US has imposed 100 per cent duty on the import of patented pharmaceuticals and associated pharmaceutical ingredients. Generic drugs have been kept out of the duty for the time being. But, if pharma companies increasingly seek evergreening of patents, they will see fewer off-patented drugs in the pipeline. "I have determined that it is necessary and appropriate to impose a 100 percent ad valorem duty rate on the import of patented pharmaceuticals and associated pharmaceutical ingred ...Read More >
New Delhi, Apr 3 (PTI) India is unlikely to be significantly impacted by US President Donald Trump's announcement of 100 per cent tariffs on certain patented drugs, as the country primarily exports low-cost generic medicines to America, think tank GTRI said on Friday. Trump signed an executive order on April 2, announcing the imposition of a 100 per cent ad valorem duty rate on the import of certain patented pharmaceuticals and associated pharmaceutical ingredients. The order, issued on April ...Read More >
New Delhi, Apr 3 (PTI) The one-time duty concession to manufacturing units in SEZs will provide them with limited domestic market access while preserving their export-oriented character, experts said on Friday. However, the relatively modest duty relief somewhat diminishes the extent of the potential benefits to these special economic zones (SEZs), as it is not structured around the principle of duty forgone, they added. "Consequently, the measure falls short of fully addressing the import sub ...Read More >
New Delhi [India], April 3 (ANI): Amid the ongoing conflicts in West Asia, the continuation of schemes like RoSCTL (Rebate of State and Central Taxes and Levies) and RoDTEP (Remission of Duties and Taxes on Exported Products) helps reduce hidden taxes on exports, allowing Indian exporters to price their goods more competitively in global markets, said Ranjeet Mehta, CEO and Secretary General of PHDCCI. Speaking with ANI, Mehta said, "RoSCTL and RoDTEP reduce embedded taxes, enabling exporters t ...Read More >
New Delhi [India], April 3 (ANI): Industry leaders and experts have welcomed the Centre's decision to grant a full customs duty exemption on critical petrochemical products in response to the ongoing conflict in West Asia. The move, aimed at stabilising supply chains and reducing cost pressures on downstream sectors, is seen as a strategic intervention to protect domestic manufacturing. Also Read | Will Cristiano Ronaldo Play Al-Nassr vs Al-Najma Saudi Pro League 2025-26 Match?. According to ...Read More >
Sales of induction cooktops and electric kettles have surged in the wake of cooking gas supply concerns due to the war in West Asia, according to industry players. The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and ...Read More >
New Delhi [India], April 3 (ANI): Industry leaders and experts have welcomed the Centre's decision to grant a full customs duty exemption on critical petrochemical products in response to the ongoing conflict in West Asia. The move, aimed at stabilising supply chains and reducing cost pressures on downstream sectors, is seen as a strategic intervention to protect domestic manufacturing. According to experts, the temporary exemption, effective until June 30, 2026, provides essential relief to i ...Read More >
Hyderabad (Telangana) [India], April 3 (ANI): Telangana Industries Minister D. Sridhar Babu on Thursday said that global developments such as US tariff measures and the ongoing West Asia conflict are impacting the textile industry, and stressed the need for India to focus on its large domestic market to sustain growth. Speaking to the media at the 13th Asian Textile Conference (ATEXCON 2026), the minister highlighted that the textile sector was among the first to be affected by rising trade bar ...Read More >
Telangana Industries Minister D. Sridhar Babu said global issues like US tariffs and West Asia conflict are impacting the textile industry. He urged a focus on India's large domestic market to sustain growth, leveraging local skills and technology. Telangana Industries Minister D. Sridhar Babu on Thursday said that global developments such as US tariff measures and the ongoing West Asia conflict are impacting the textile industry, and stressed the need for India to focus on its large domestic m ...Read More >
Hyderabad (Telangana) [India], April 3 (ANI): Telangana Industries Minister D. Sridhar Babu on Thursday said that global developments such as US tariff measures and the ongoing West Asia conflict are impacting the textile industry, and stressed the need for India to focus on its large domestic market to sustain growth. Speaking to the media at the 13th Asian Textile Conference (ATEXCON 2026), the minister highlighted that the textile sector was among the first to be affected by rising trade bar ...Read More >
New Delhi, Apr 3 (PTI) India's exports have sustained healthy momentum despite global headwinds and are expected to post positive growth in 2025-26, a senior official of the commerce ministry said on Friday. The exports and imports data for the month of March and the full 2025-26 fiscal year will be released by the commerce ministry on April 15. "At the end of March 31, despite the war, we will be closing the year with positive growth. US tariffs, so many disturbances all through the year, Ukr ...Read More >
New Delhi: The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and gas through the Strait of Hormuz, raising concerns over cooking gas supplies and prompting people to rush to buy induction heaters and compatible utensils ...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, Apr 3 (PTI) The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and gas through the Strait of Hormuz, raising concerns over cooking gas supplies and prompting people to rush to buy induction heaters and compati ...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 [India], April 3 (ANI): US President Donald Trump's decision to impose a 100 per cent tariff on patented pharmaceutical imports--citing national security and supply chain risks following a Section 232 probe--is expected to have a mixed impact on India. Crucially for India, the proclamation clarifies that generic drugs--a segment in which Indian firms dominate globally--are exempt "at this time," adding that such products "shall not be subject to Section 232 tariffs." For India, the i ...Read More >
New Delhi [India], April 3 (ANI): US President Donald Trump's decision to impose a 100 per cent tariff on patented pharmaceutical imports--citing national security and supply chain risks following a Section 232 probe--is expected to have a mixed impact on India. Crucially for India, the proclamation clarifies that generic drugs--a segment in which Indian firms dominate globally--are exempt "at this time," adding that such products "shall not be subject to Section 232 tariffs." Also Read | Delh ...Read More >
New Delhi, April 3 (SocialNews.XYZ) The government has suspended its earlier direction to airlines to offer at least 60 per cent of seats on any flight free of additional charge, which was set to come into effect from April 20. The Civil Aviation Ministry, in a communication to the Directorate General of Civil Aviation (DGCA), said the matter had been reviewed following representations from the Federation of Indian Airlines and Akasa Air, which flagged operational and commercial implications of ...Read More >
The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) completes four years since its signing today, marking an important milestone in the evolving economic partnership between India and Australia, stated the Ministry of Commerce & Industry. Since its signing on April 2 2022, the Agreement has played a pivotal role in enhancing trade flows, fostering industry linkages, and creating new opportunities for businesses, entrepreneurs, and employment in both countries. Trade grow ...Read More >
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