Saturday, March 27, 2021

Good economics makes for good politics: Piyush Goyal

"You will be delighted to note that since September 2020- Feb 2021, for the last six months, we have seen the highest freight loading in the history of Indian Railways, every month from September to February."

from Economy-News-Economic Times https://ift.tt/3tYFfau
via

AEPC urges govt to put restrictions on cotton yarn exports

"We request immediate intervention to increase the supply of yarn to domestic manufacturers. We suggest that quantitative restrictions should be imposed on exports of cotton yarn, specifically on cotton yarn of 26 counts and above," AEPC said.

from Economy-News-Economic Times https://ift.tt/3u53a8h
via

Equalisation Levy response: US proposes retaliatory tariffs of up to 25% on select Indian goods

The United States Trade Representative (USTR) on Thursday said this would collect duties on goods of India in the range of the amount of DST that India is expected to collect from US whose initial estimates are pegged at $55 million per year

from Economy-News-Economic Times https://ift.tt/2QzQCXM
via

Friday, March 26, 2021

US proposes retaliatory action against India's equalisation levy

New Delhi says it will examine the proposed action and will act accordingly. "The government of India will examine the proposed action with stakeholders concerned and take suitable measures keeping its trade and commercial interest of the country and overall interest of its people."

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3fjECny

US will issue proposal to preserve program for 'dreamer' immigrants: DHS

The US department of homeland security said on Friday it will issue a proposed rule to preserve and fortify a program for immigrants, nicknamed "Dreamers," who are living illegally in the United States after entering as children.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3suy3SW

Five Star is unicorn after $234 million round

he year 2021 has got its fourth unicorn (valued at over $1 billion). Private lender Five Star Business Finance on Friday closed a $234-million funding round that values it as around $1.4 billion.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3d5DKjS

India among six trading partners facing digital tax probe by US

The USTR on Friday said it is proceeding with the public notice and comment process on possible trade actions to preserve procedural options before the conclusion of the statutory one-year time period for completing the investigations.

from Economy-News-Economic Times https://ift.tt/3fp9djX
via

White House considering supporting India, S Africa move at WTO on COVID vaccines: Report

Such a positive consideration by the Joe Biden administration comes after more than 60 lawmakers, mostly progressives, and a large number of rights and non-profit pharma bodies have approached the White House to support the move of India and South Africa along with hundreds of other nations that have urgently gone to the WTO seeking a time-limited waiver of the TRIPS agreement.

from Economy-News-Economic Times https://ift.tt/3u12Ya6
via

'Tatas making Cyrus chairman wrong decision of lifetime'

The Supreme Court on Friday upheld Cyrus P Mistry’s removal from the post of executive chairman of Tata Sons and rejected the Shapoorji Pallonji Group’s accusations against Ratan Tata, including Tata Sons board’s allegedly oppressive practices against minority shareholders. The court dismissed SP Group’s last-minute plea for evaluation of its shares for an honourable exit.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3cnyPeV