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Non-tariff measures being announced by developed economies such as European Union's carbon tax and deforestation regulation limit market access for Indian goods in those markets, a senior government official said on Tuesday. Addressing a post-Budget webinar, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that the other challenges before Indian exports include insufficient integration with global value chains, high import duties, technology disadvantage, and high cost of logistics (about 8-9 per cent of GDP against 5-6 per cent in developed nations). He added that the export window is also narrowing because of aggressive industrial policies of advanced nations like USA's Inflation Reduction Act and Chips Act, and UK's advanced manufacturing plan. Most non-tariff measures (NTMs) are domestic rules created by countries with an aim to protect human, animal or plant health and the environment. NTM may be technical measures like regulations, standards, testing, certification, pre-shipment inspection or non-technical measures like quotas, import licensing, subsidies, and government procurement restrictions.

The chief minister, who also holds the finance portfolio, also presented supplementary demands for grants for the current fiscal (2024-25) amounting to Rs 3,512.33 crore. There was no proposal for levying new taxes in the budget.

According to former flight attendant and TikTok sensation Kat Kamalani, the secret to unlocking an upgrade lies not in your bank balance, but in your behavior. Speaking to Travel and Leisure, Kamalani explained that being polite, friendly, and considerate toward cabin crew can dramatically increase your chances of getting special treatment. «If you just come on board and stick to yourself, you're a great passenger,» Kamalani said. «Even more so if you are happy or kind to us. We get a lot of grumpy people that travel and take it out on flight attendants.» <div data-placement=«Mid Ar

Finance Minister Nirmala Sitharaman on Tuesday said the government remains steadfast in reducing regulatory burdens, besides enhancing trust-based governance and taking steps to make India a «seamless, export-friendly» economy. A robust manufacturing sector free from unnecessary regulatory bottlenecks will further attract both domestic and foreign investments, driving economic growth, positioning India as a trusted global player, Sitharaman said while addressing a post-budget webinar on 'MSMEs as engine of growth, manufacturing, exports, regulatory, investment and EoDB Reforms'. «Our government remains steadfast in reducing regulatory burdens and enhancing trust-based governance to improve the ease of doing business. Through the budget announcements, we are taking various steps towards making India a seamless, export-friendly economy, one where businesses are free to focus on innovation and expansion, and not paperwork and penalties,» Sitharaman said.

Jan Vishwas Bill 2.0 to decriminalise over 100 provisions. «Our government remains steadfast in reducing regulatory burden and enhancing trust based governance to improve ease of doing business, said Sitharaman. »Through Budget announcements, we are taking various steps in making India a seamless and export-friendly economy. Where the companies are free to work on innovation, and not on regulations and penalties," added Sitharaman.

Subscribe to enjoy similar stories. Shriram Finance has recently been in the news for all the right reasons. One, its fund-raising plans.

Subscribe to enjoy similar stories. High-school physics textbooks tell us that the gravitational pull between two objects is determined by three factors—the weight of the two objects, the distance between them and a universal gravitational constant. The gravitational force is directly proportional to the mass of each object, while it is inversely proportional to the distance between them.

Subscribe to enjoy similar stories. Few countries have bet as heavily on free trade as Mexico and Canada. Now that President Trump says 25% tariffs will hit both countries Tuesday, their economies are facing a stress test that rivals the global financial crisis and the pandemic.

Subscribe to enjoy similar stories. China hit back at the U.S. with a slate of retaliatory measures in response to the Trump administration’s latest tariff increase, escalating a trade war between the world’s two largest economies.

Subscribe to enjoy similar stories. The U.S. economy entered a new era at 12:01 a.m.

Many industry workers and experts expect that the result of tariffs will be that cheap steel gets dumped in places like India. That's because the announced 25% tariff will make it too expensive for many companies in countries like China and South Korea to keep exporting to the U.S. For B. Praveen of Sun Techpro Engineering, which makes products from steel metal sheets, it means his «wafer-thin» profit margins will probably grow as the steel he buys gets cheaper.

Subscribe to enjoy similar stories. New Delhi: India’s goal of becoming a high-income, developed nation by 2047 is realistic but requires overcoming challenges, Auguste Tano Kouamé, the World Bank's Country Director for India, told Mint. While the target may seem ambitious, historical trends and planned structural reforms make it achievable, Kouamé said.

Dalmia Bharat, the country's second-oldest cement manufacturer that began its industrial journey in pre-independent India, is investing significantly to build fresh nationwide capacity to meet surging demand from industries as diverse as housing, public infrastructure, and commercial assets. Puneet Dalmia, MD and CEO, announced a capital expenditure of ₹3,520 crore to take Dalmia Bharat's capacity to 55.5 million tonnes a year, cementing its leadership credentials in the rapidly consolidating home market. «India is one of the fastest growing economies, and it is a large economy. So, it offers the benefit of scale,» Puneet Dalmia told ET. «Average per capita consumption is 280 kg, while the global average is 550 kg. In high growth phases, economies have seen cement consumption grow to 750-800 kg per capita. So, there is potential to go 3x from here.» Dalmia acknowledged that short-term headwinds existed in the form of a price war that was driving down margins of players but believes that doesn't change the long-term view. He attributed the price war to a phenomenon where players were prioritising market share over margins in the backdrop of consolidation in the sector.

Radisson Hotel Group said on Monday its strategy is to have 240 hotels in operation and under development in India by end of 2025, driven by a strategic focus on tier 2 and 3 markets and the increasing demand for luxury lifestyle and midscale accommodations. Headquartered in Belgium, the chain is one of India’s largest international hotel operators, with currently a robust presence of over 194 hotels in operation and development across 114 destinations. «As a global hospitality leader, we are committed to deepening our ties between Belgium and India, two nations united by a shared vision for growth and collaboration,» said Nikhil Sharma, managing director and area senior vice president, South Asia, Radisson Hotel Group.

All that changed last Friday, when fresh estimates for GDP growth in 2024-25 and Q3 estimates for the current fiscal suddenly showed growth in a new, much brighter light. Not only is growth in Q3 (6.2%) a marked improvement over the previous quarter's upwardly revised 5.8%, but growth for FY25 has also been revised upward. From 6.4% in FAE released on Jan 7, growth in 2024-25 is now pegged higher at 6.5%. Even better, across-the-board upward revisions in growth estimates for the previous two fiscals — from 8.2% to 9.2% in 2023-24 (the highest in the previous 12 years, except for 2021-22, when GDP grew 9.7% on account of rebound from Covid), and from 7% to 7.6% in 2022-23 — along with upward revisions for Q1 and Q2 of FY25 show the economy in fine fettle.

Subscribe to enjoy similar stories. Being ‘not China’ may have been the easy part. A big manufacturing pitch in several Asian economies was that they enjoyed cordial relations with Beijing and solid historical ties to the US.

Subscribe to enjoy similar stories. As India's economy expands, an interesting shift is underway in the vehicle market—consumers are increasingly moving from two-wheelers to passenger cars. But not everyone is opting for brand-new vehicles; many are fulfilling their dream of car ownership by turning to the second-hand market.

Radhakrishna Kishore said the state's economy is expected to grow at a rate of 7.5 per cent in the financial year 2025-26. «I lay on the table of the House a budget of Rs 1.45 lakh crore for the 2025-26 financial year,» the finance minister said in the assembly. He said that the fiscal deficit in the budget for the upcoming fiscal is estimated to be at Rs 11,253 crore.

Donald Trump's adviser Elon Musk on Sunday (Eastern time) took to X to retweet a post demanding the closure of America's Central Bank, the Federal Reserve. The post, which showcased a graph, was shared with the caption 'End the Fed', to which Musk wrote 'The Fed is absurdly overstaffed'. This, however, is not the first time that the billionaire tech entreprenuer has rallied behind the idea of scrutinising the top independent body.

Subscribe to enjoy similar stories. Hard data is supposed to be cold and impersonal but also has the capacity to evoke myriad feelings. Consider the series of national-accounts data released on 28 February: India’s gross domestic product (GDP) for the quarter from October to December 2024, second advance GDP estimates for 2024-25, first revised estimate for the previous year and the final estimate for 2022-23.

Subscribe to enjoy similar stories. “The golden age of America begins right now." So declared Donald Trump on January 20th in his inaugural address. In the six weeks since that chilly day, investors and economists have started to grapple with a less upbeat possibility: that his arrival in the White House is both causing and coinciding with a period of weakness for America’s economy.