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The Latest Breaking News from Ajay Srivastava

Fastener traders want govt to roll back quality control order amid rising cost, supply disruptions

Fastener traders are calling for the withdrawal of a new quality control order. They state the order is increasing costs, reducing supply, and disrupting production across India. The current system creates delays and uncertainty for businesses. This impacts the availability of essential components for various industries. Traders believe the order…

The Economic Times

Trump tariff court ruling does little to end uncertainty for global business

British Chambers of Commerce official says US supreme court decision ‘does little to clear the murky waters’

The Guardian - US

India accelerates free trade agreements to counter US tariffs and expand exports

India is accelerating efforts to finalize several free trade agreements to counter U.S. import tariffs and expand export destinations

The Independent UK

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How rare earth shortages are stalling India’s burgeoning EV sector

China introduced restrictions on its rare earth exports in April, two days after Trump announced retaliatory tariffs.

Al Jazeera

How hard will Trump’s 50% tariff hit India, and what is Delhi doing about it?

Likened to a ‘trade embargo’ and an ‘earthquake’, it could cut exports from affected sectors by as much as 70%

The Guardian - UK

Behind India’s massive Russian oil imports: Asia’s richest man

Reliance’s Russian crude imports have soared from 3 percent before the war in Ukraine to 50 percent now.

Al Jazeera

Trump cranks up India tariffs to 50% in an attempt to pressure Russia

Brazil and India now face the world’s steepest blanket tariff at 50%, with India targeted for Russian oil purchases undermining US sanctions.

Euronews

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‘Nail in a coffin’: Trump’s steel, aluminum tariffs bleed Indian foundries

The small ancillary units that depend on steel and aluminium exporters for their income are especially hard hit.

Al Jazeera

India Exporters Cautiously Optimistic As US Tariff Deadline Looms

Indian exporters are anxiously eyeing the possible reintroduction of Donald Trump's punishing tariffs next week, though many hold out hope for a last-minute reprieve.

International Business Times

The $10bn India-Pakistan trade secret hidden by official data

Informal trade between India and Pakistan is much higher than official figures say – but can it survive new hostilities?

Al Jazeera

India And Pakistan's Kashmir Fallout Hits Economy Too

Rapidly deteriorating relations between India and Pakistan over a deadly shooting in Kashmir are starting to have small but prickly economic consequences for both nations.

International Business Times

Indian exports, small businesses hit by Bangladesh unrest

Bilateral trade relations between India and Bangladesh have been drastically affected due to the current violence.

Al Jazeera

China's share in India's industrial goods imports jump to 30% from 21% in last 15 years: GTRI

Growing Indian dependence on Chinese industrial goods raises concerns about trade deficit and national security implications, report finds.

The Hindu

German GDP forecast downgraded but demand for IT professionals stays high

German economy struggles, impacting IT workers from India, while trade remains stable amidst internal strife and strikes.

The Hindu

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The Hindu

India asks U.S. to permit domestic labs for fruit irradiation to cut trade cost

India has asked the U.S. to allow domestic labs also for irradiation of certain fruits like mangoes with a view to helping exporters cut additional trade costs.

The Hindu

Government considering several measures to help revive special economic zones

“The government is considering several measures such as a flexible framework for sale of products manufactured in special economic zones (SEZs) in the domestic market, easy de-notification norms, and streamlining approval processes for units,” an official said.

The Hindu

Tough task ahead to make WTO's dispute settlement system fully functional: Experts

The dispute settlement mechanism of WTO has been derailed due to a non-functional appellate body since December 2019.

The Hindu

Withdrawal of duty benefit scheme by U.K. may impact labour-intensive goods’ exporters

The U.K.’s decision to withdraw duty benefit scheme Generalised Scheme of Preferences (GSP) may impact Indian exporters from leather and textile sectors as they were the major beneficiaries, according to experts and traders.

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