Washington, April 3 (IANS) The United States recorded a goods trade deficit of $54.91 billion with India over the past 12 months, placing it among Washington’s top deficit partners even as the overall US trade gap widened in February, according to official data.The monthly figures showed the US trade deficit rose to $57.35 billion in February, up $2.67 billion from January, though still 11 percent below the 12-month average.The increase came as imports grew faster than exports. Total exports s…
Latest Customs Duties News & Updates
New Delhi, Jan 26 (IANS) Lower customs duties on imported cars under the proposed India-EU free trade agreement could help expand India’s small luxury car market, BMW Group India President and CEO Hardeep Singh Brar said on Monday.Brar said the luxury car segment in India currently makes up only about one per cent of the overall passenger vehicle market, leaving significant room for growth if import duties are eased.“There is a strong and positive signal of confidence in India’s long term …
New Delhi, Jan 20 (IANS) The wave of reforms are likely to feature prominently in the Union Budget 2026-27, an HSBC report said on Tuesday, adding that given a slew of announcements in recent months, the government is in a mood for further reforms.The central government budget will be presented on February 1, followed closely by the RBI policy meeting on February 6.“We believe the government will focus on two pillars during such time – restraint and reforms,” the report mentioned.The repor…