Latest news with #AsitRanjanMishra
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Business Standard
a day ago
- Business
- Business Standard
Drop 10% universal tariff in bilateral trade agreement: India to US
India pushes for early tranche of trade deal to avoid potential 26% reciprocal tariff Asit Ranjan Mishra New Delhi Listen to This Article India is seeking a binding commitment from the United States (US) on pre-April 2 tariff levels for labour-intensive sectors as part of an early tranche of the proposed bilateral trade agreement (BTA). This would involve doing away with the universal 10 per cent tariff imposed by the Donald Trump administration. 'Since our labour-intensive exports face an additional 10 per cent tariff after April 2, while original tariffs were largely in low single digits, a commitment by the US to revert to its original tariff schedule would give us a competitive edge over other countries,' said a government official, requesting anonymity.
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Business Standard
3 days ago
- Business
- Business Standard
US signals trade deal with India before July 9 reciprocal tariff deadline
Ready to give New Delhi preferential access in select sectors: Lutnick Asit Ranjan Mishra Delhi Listen to This Article American Secretary of Commerce Howard Lutnick has said a trade deal between India and the United States (US) could be finalised in the 'not too distant future' because 'we've found a place that really works for both countries'. He signalled that the agreement might be concluded before the end of a 90-day pause on American reciprocal tariffs, which expires on July 9. 'Those who come in, July 4th to July 9th, there's just going to be a pile,' Lutnick said during an event hosted by the US-India Strategic Partnership Forum (USISPF) in Washington DC on Monday. 'But those who are earlier
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Business Standard
4 days ago
- Business
- Business Standard
Grameen Credit Score framework likely to be launched in next 3 months
Grameen Credit Score designed to strengthen financial inclusion in rural India premium Harsh Kumar Asit Ranjan Mishra New Delhi Listen to This Article The Union government is expected to roll out the Grameen Credit Score (GCS) framework within the next three months, a senior government official said. Announced by Finance Minister Nirmala Sitharaman in the Union Budget 2025–26, the initiative is designed to strengthen financial inclusion in rural India, with a particular focus on members of self-help groups (SHGs). 'A committee has already been formed to oversee the development and implementation of the Grameen Credit Score framework. The government is currently awaiting approval from the Reserve Bank of India (RBI) before moving forward with the rollout and is expected to go
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Business Standard
23-05-2025
- Business
- Business Standard
GST Council to take up rate rationalisation issue in next meeting
A GoM headed by Minister of State for Finance Pankaj Chaudhary is looking into the future of compensation cess beyond March 2026 Asit Ranjan Mishra New Delhi Listen to This Article The next Goods and Services Tax (GST) Council meeting, for which the date will be announced soon, will take up the issues of rate rationalisation and future of compensation cess among other matters, a government official said requesting anonymity. 'The Groups of Ministers (GoMs) have submitted their reports. There are three or four different aspects relating to making GST simpler. We will take up the issue of compensation cess, rate rationalisation and simplification (at the next Council meeting),' the official said, adding that the meeting will be held after giving states three weeks' time, following an established norm. The GST
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Business Standard
21-05-2025
- Business
- Business Standard
DoT once again knocks on finance ministry's door to repay MTNL debt
The total outstanding dues to the PSBs of MTNL is Rs 8,415.55 crore Asit Ranjan Mishra New Delhi Listen to This Article After the finance ministry rejected a department of telecom (DoT) proposal for a partial debt waiver on the outstanding dues of Mahanagar Telephone Nigam Limited (MTNL), the DoT has once again approached the ministry seeking funds to repay the liabilities. 'The DoT has sent a proposal to the finance ministry seeking additional funds. The ministry is yet to take a call. It should be doing something with MTNL's assets. DoT should come up with a clear cut plan,' a senior government official said.
