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Trump's 25% tariffs on Indian imports begin with first tranche in force

Trump's 25% tariffs on Indian imports begin with first tranche in force

Trump's 25% tariffs on Indian imports begin with first tranche in force
Rimjhim Singh New Delhi
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Govt may roll out ₹2,250 crore export promotion mission soon: Official
Govt may roll out ₹2,250 crore export promotion mission soon: Official

The Hindu

timea minute ago

  • The Hindu

Govt may roll out ₹2,250 crore export promotion mission soon: Official

The government is expected to soon announce support measures under the proposed ₹2,250 crore export promotion mission to help insulate industry from global trade uncertainties arising from Trump tariffs, an official said. "We are in dialogue with exporters to see how we can support them best in different ways, like ease of doing business. We are looking at how to give a boost to domestic consumption. We are looking at new supply chains, which we can capture, new markets, and new products," the official said. The mission may include components, such as easy credit schemes for MSME and e-commerce exporters, facilitation of overseas warehousing, and global branding initiatives to tap emerging export opportunities. The government on February 1 announced the setting up of the mission with an outlay of ₹2,250 crore. The Directorate General of Foreign Trade (DGFT) has already made a presentation on the mission to the representatives of export promotion councils and other key stakeholders on April 30. According to industry officials, the mission is divided into two broad categories - Providing Trade Finance Support (NIRYAT PROTSAHAN) and Driving International Holistic Market Access (NIRYAT DISHA) Initiative. Sources have earlier stated that the GST Council is likely to meet soon to discuss rate simplification and rationalisation, and the future of the compensation cess. It will help boost domestic consumption. The commerce ministry, in the past few days, held a series of stakeholder meetings to understand the challenges which they are facing due to high U.S. tariffs on Indian goods. US President Donald Trump has announced 50% tariffs on India. Sectors like textiles, chemicals, leather and footwear are expected to be hit hard by these duties. India's exports remained flat at $35.14 billion in June due to global economic uncertainties, while the trade deficit narrowed to a four-month low of $18.78 billion during the month. Key export sectors, including petroleum, fabrics, gems and jewellery, leather, iron ore, oil seeds, cashew, spices, tobacco, and coffee, recorded negative growth during June. During April-June 2025-26, exports increased 1.92% to $112.17 billion, while imports rose 4.24%nt to $179.44 billion.

Trump to lay out his plan for reducing crime in Washington
Trump to lay out his plan for reducing crime in Washington

Mint

timea minute ago

  • Mint

Trump to lay out his plan for reducing crime in Washington

President Donald Trump said he will lay out his administration's plan to reduce crime in the nation's capital, even as violent incidents in the District of Columbia are at a 30-year low. Trump said in a social media post that he will have a news conference on Monday that 'will, essentially, stop violent crime in Washington, DC.' Trump on Thursday directed an increased presence of federal law enforcement around Washington, DC, a day after threatening the federal government could seize control of it. That move came a day after a former member of his so-called Department of Government Efficiency was injured during an attempted carjacking in DC. The city, which has voted overwhelmingly for Democrats for decades, has also been seeking to end all federal control of the city, a movement known as 'home rule.' Violence has been dropping in the District for two years, according to local police data. As of Jan. 3, violent crime in DC in 2024 was at a 30-year low, according to the US Justice Department. Trump's powers to 'take over' the capital city are limited. Partial home rule was established by Congress in 1973, which allows residents to elect their own mayor, who appoints the police chief. Residents also elect a District council that can pass local laws. But those laws can be overturned by Congress, which approves the city's budget. Trump can't override the home rule law without Congress, but he can assign federal agents to conduct law enforcement operations inside the city and has done so before, acting independently of the Metropolitan Police Department. He has also said that he is considering deploying the National Guard in the city. The president has often, without evidence, cast cities around the country as crime-ridden, and has increased those complaints about DC since the former staffer was attacked. Trump said on his Truth Social platform earlier this week that he wants to 'federalize' the city if local officials don't do more to address crime. Trump has issued executive orders this year that created a panel to coordinate efforts to improve safety and address graffiti and vandalism in the city, along with one that ordered a crackdown on homeless encampments on federal lands.

CRC: UNHCR to begin refugee status interviews in Delhi
CRC: UNHCR to begin refugee status interviews in Delhi

Time of India

time16 minutes ago

  • Time of India

CRC: UNHCR to begin refugee status interviews in Delhi

1 2 Aizawl: Chin Refugee Committee (CRC) New Delhi leaders on Saturday said the United Nations High Commissioner for Refugees (UNHCR) has agreed to commence Refugee Status Determination (RSD) interviews, following persistent demands from the CRC, reports HC Vanlalruata. This decision comes after a month-long protest organized by the CRC outside the New Delhi UNHCR office, which began on July 7. The breakthrough was achieved after a meeting between the UNHCR Chief of Mission and CRC leaders on Friday, leading to the initiation of interviews that are crucial for obtaining official refugee status. Until now, only 5% of the 12,000 Myanmar refugees in Delhi had been granted refugee status, with the remaining 95% holding asylum seeker cards. The lack of RSD interviews had been a significant hurdle for the refugees, exacerbated by India's non-signatory status to the 1951 Refugee Status Convention and the 1967 Protocol. Despite this, the UNHCR operates in India to provide protection and support to refugees, primarily from Myanmar and Afghanistan, in collaboration with the Indian government and other partners. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !

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