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India.com
13 minutes ago
- India.com
Trump's 50% tariffs on India! which sectors will impact? study says ‘estimated impact of…'
U.S. President Donald Trump has announced a 50% tariff on Indian goods, which will take effect from August 7. This move raised major concerns about its potential impact on the Indian economy. However, there's some good news a new report suggests the impact will be minimal. According to a study by the PHD Chamber of Commerce and Industry (PHDCCI), the tariff is expected to affect India's GDP by only 0.19%, which is almost negligible. Out of India's total exports worth $86.5 billion, only $8.1 billion around 1.87% will be affected by this move. Trump Tariffs: What PHDCCI Study Says? The paper, released by the PHD Chamber of Commerce and Industry (PHDCCI), also recommends a series of measures to mitigate the impact of US tariffs. 'Our analysis indicates that there will be an estimated impact of only 1.87 per cent on India's total global merchandise exports and a negligible 0.19 per cent on India's GDP as a result of a 25 per cent tariff announced by the US on India,' said Hemant Jain, President, PHDCCI. The study said the total potential export impact is estimated at USD 8.1 billion based on 2024-25 merchandise exports of USD 86.5 billion (1.87 per cent of India's total global export). Which Sectors Will Impact By Trump Tariffs? Among other sectors, the study said the levies would impact engineering goods (USD 1.8 billion), gems and jewellery (USD 932 million), and ready-made garments (USD 500 million). In the wake of the US tariffs, the industry body has recommended several measures, including increasing market penetration, product development and market diversification. It suggested that stakeholders should negotiate bundled-pricing deals (textiles plus accessories) to absorb some tariff cost and maintain shelf-price competitiveness. 'Leverage Indian diaspora networks (trade fairs, cultural events) to boost volume with existing buyers under current product portfolios,' it said. PHDCCI also made a strong case for investments in joint ventures with US firms to produce tariff-sensitive goods on-shore, thereby converting exports into high-value services and intellectual property (IP) licensing. (With Inputs From PTI)
Hindustan Times
13 minutes ago
- Hindustan Times
New clause could leave BCCI out of RTI ambit
New Delhi: A proposed amendment to the newly-introduced National Sports Governance Bill 2025 being circulated among Members of Parliament could put the Board of Control for Cricket in India (BCCI) outside the purview of the Right to Information Act since it doesn't receive grants or financial assistance from the central or state governments. BCCI will have to be registered as a National Sports Federation and follow the provisions of the Bill. (Hindustan Times via Getty Images) The bill, which seeks to bring in reforms in governance of Indian sports bodies, was introduced in Lok Sabha on July 23 by Sports Minister Mansukh Mandaviya and is yet to be taken up for discussion in the House, amid a continuing stand-off over the Opposition's demand over a discussion on the Special Intensive Revision of electoral rolls in Bihar. The clause 15 (2) of the bill states, 'A recognised sports organisation shall be considered as a public authority under the Right to Information Act, 2005 with respect to the exercise of its functions, duties and powers under this Act.' A new clause that is being inserted into the bill clarifies what constitutes a public authority. 'A recognised sports organisation, receiving grants or any other financial assistance from the Central Government under sub-section (1) or from a State Government, shall be considered as a public authority under the Right to Information Act, 2005, with respect to utilisation of such grants or any other financial assistance.' HT has seen a copy of the bill. Under the RTI Act, a public authority is a body 'established, constituted, owned, controlled or substantially financed by funds provided directly or indirectly by the Central Government or the Union Territory administration, the Central Government; or by the State Government.' According to people aware of the development, 'The amendment was done just to bring the bill in line with the RTI Act, 2005. BCCI might not take financial grants from the government but they do take government assistance such as infrastructure, subsidised land, state facilities, etc.' The cash rich BCCI has long resisted being brought under the RTI Act. The powerful sports body never required government recognition as a National Sports Federation as BCCI manages its own finances. However, with cricket is now an Olympic sport as part of the 2028 Los Angeles Summer Games and the Bill is seen as part of preparatyions for making a bid to host the 2036 Games. In 2018, Chief Information Commission (CIC) held the BCCI as the public authority under RTI Act, and put in place a system of online and offline mechanisms to receive applications for information under RTI Act. The Ministry of Youth And Sports Affairs was directed to take necessary steps to ensure implementation of this order. However, BCCI filed a writ petition in the Madras high court which granted a stay order. BCCI will still have to be registered as a National Sports Federation and follow the provisions of the Bill. If the Bill becomes law, it will be the first time that BCCI will become a designated 'NSF.' BCCI will have to seek recognition from the National Sports Board (NSB) and refer its legal cases to the National Sports Tribunal, both proposed in the sports Bill. According to the Bill, the National Sports Board shall have the power to grant recognition to any sports organisation as 'National Sports Body.' The NSB can suspend or cancel recognition of the sports body or its affiliate units if the provisions of the act are violated or in case it 'failed to hold elections for its Executive Committee or has committed' or there were 'gross irregularities in the election procedures.' It can also act if the federation 'failed to publish annual audited accounts or misused, misapplied or misappropriated public funds.' The NSB shall consult the respective global governing body before taking any such decision, stated the Bill. There is another proposed amendment that states a person shall not be qualified to contest for election in a federation or seek nomination to the posts of the president, secretary general or treasurer unless previously served as a member for 'at least one full term in the executive committee of the national sports body or as the president, or the secretary general or the treasurer in its affiliate unit.' In the original Bill, the duration a person needed to serve for the top three posts was two full terms as member of the executive committee. This restrictive clause, however, doesn't apply for the Sportsperson of Outstanding Merit (SOM), according to the proposed amendment.
Indian Express
13 minutes ago
- Indian Express
More female superstars in India now but they should know how to represent themselves: Sania Mirza
Indian tennis ace Sania Mirza on Wednesday said there are more female sports superstars in the country now apart from cricket but the onus is also on these women to define how they want to represent themselves. Sania said from the time she started playing nearly 32 years ago on tennis courts made of 'cow dung' and taking tetanus injections for precautions, the country has had several female superstars but they need to stay true to their characters. 'From having the only female superstar that I had from India was PT Usha and that was somebody we just heard of, we never saw because there was no social media, no media or there was no coverage,' she said on a panel discussion named 'The Sports Women' by Capri Sports. 'To today, when we go to the Olympics or outside of probably three or four male cricketers, the biggest superstars from this country in sport are female athletes and that says a lot over the last 50 years,' she added. Sania said the female players in the country across sports need to emphasise on playing for themselves and represent their character and not how others want them to be. 'Are we living in a man's world? The answer is yes. Are we living in a man's world when it comes to sport? The answer is yes. Are we living in a man's world or are we living in a cricket's world when it comes to this country? The answer is yes,' Sania said. 'As female representation, the onus is also on us how we represent ourselves, how we are actually showing the world.' 'We like world beaters in this part of the world, but we don't want them to act like world beaters. We still want them to act like they are bichare (poor).' 'So if you act like a world beater, they're like, 'they have attitude and they're arrogant'. But if then you are acting like, oh, you're a bichare (poor), then they say, 'you're a good girl' or whatever. But then they (also) say, 'oh, you don't have killer instincts'. So there's no winning in that,' she added. The former women's doubles world No 1 added, 'You don't do anything for other people, you do it for yourself. I don't actually care how other people represent me, I care how I represent myself.' India's two-time Olympic medal winner PV Sindhu added that if female athletes start thinking about others' opinions, it can 'break' a player. 'You don't have to actually bother or feel bad about what they (social media) think, but it's what you think and what matters is how you are feeling at the end of the day,' Sindhu said. 'If you actually think about what others are thinking, that will really take you somewhere you can't even imagine, because it breaks you and that's where the mental health (issues) start and you actually go into a circle where you don't know what's going on,' she added. Sindhu said while the dynamics have changed a lot for women in sports, there still has to be a lot of work done at the grassroots levels from both the government and the private sector. 'There's been a lot of change. Initially there was not much recognition. But I think now there's a lot more. Apart from that, I feel there needs to be a lot of support from the sponsors,' she said. 'I think that can increase where they actually support from the grassroots levels and that's very important, not just the elite athletes, but from the grassroots levels. 'Because when you're an elite and when you're doing well, when you're at the top, everything is going to be fine.' Sindhu won a silver in the 2016 Rio Olympics and then bagged a bronze in the 2021 Tokyo Games. She added, 'To recognise those young athletes from the grassroots levels is very important and to prove them and also make sure that they're going in the right way and guide them in the right way, that needs to improve a lot more.'
