US President Donald Trump has said that imposing tariffs will reduce the income tax of a large number of Americans. Trump claimed in a post on his social media platform ‘Truth Social’ on Saturday that tariffs can reduce people’s income taxes significantly and in some cases it can be completely eliminated. Trump said that this … Read more
Commerce and Industry Minister Piyush Goyal on Friday said India is vigilant and active in supporting the industry against unfair trade practices. He said that we will not allow ‘transshipment’ of goods. Goyal requested the industry to be vigilant at a program. He said, ‘We will not allow India to become a route for ‘transshipment’ … Read more
The World Bank on Wednesday lowered India’s growth forecast for FY26 to 6.3 per cent due to an “increasingly challenging global environment”. The World Bank has cut its previous forecast for October 2024 by 40 basis points. According to the World Bank’s South Asia Development Update report, “The benefits to private investment from monetary easing … Read more