Latest news with #TheHindu
The Hindu
an hour ago
- Business
- The Hindu
Indian steel, aluminium exports to take a hit with as Trump mulls doubling tariff to 50%
India's exports of steel and aluminium and their products are expected to take $1 billion hit with the proposed fresh tariff hikes by the U.S.. The proposed tariff is double the current 25% tariff under Section 232 of the Trade Expansion Act. Pankaj Chadha, chairman of EEPC India, told The Hindu that annual exports of steel, aluminium and products are worth nearly $5 billion. 'We have barely settled down after the March announcement of sectoral tariff. How can we do business with such uncertainty in tariffs. The US sources castings, fasteners, holdings, etc. We (Indian exporters) need to diversify to other markets,' he said. The EEPC India will pursue with the Indian government to get exemption from Section 232, similar to the exemption the U.S. has given to the U.K. According to the GTRI, the U.S. steel prices are already high, at around $984 per tonne compared with European prices at $690 and Chinese prices at $392. The doubling of tariffs is expected to push U.S. prices to about $1,180, hitting the U.S. domestic industries in sectors such as automobiles, construction, and manufacturing. For India, the consequences are direct. In FY 2025, India exported $4.56 billion worth of iron, steel, and aluminium products to the U.S., with key categories including $587.5 million in iron and steel, $3.1 billion in articles of iron or steel, and $860 million in aluminium and related articles. India has issued a formal notice at the World Trade Organization signalling its intention to impose retaliatory tariffs on U.S. goods in response to the earlier steel tariffs. With the US now planning to double the tariffs, it remains to be seen whether India will carry out the retaliation, by increasing tariffs on certain U.S. exports within a month. India imports nearly $ 2 billion worth iron, steel, aluminium and their goods from the U.S., said the GTRI. S C Ralhan, president of the Federation of Indian Export Organisations, said in a press release that the proposed tariff will have significant bearing especially on semi-finished and finished categories such as stainless steel pipes, structural steel components, and automotive steel parts. These products are part of India's growing engineering exports, and higher duties could erode India's price competitiveness in the U.S. market. Such sharp increases in tariffs send discouraging signals to global trade and manufacturing supply chains. 'We urge the Government to take up the issue at the bilateral level to ensure that Indian exporters are not unfairly disadvantaged as 25% additional duty will be a huge burden, which is difficult to be absorbed by the exporter/importer.'
The Hindu
3 hours ago
- Entertainment
- The Hindu
Watch: Same plot, new bottles
This week on FOMO Fix, Sudhish Kamath breaks down Bhool Chuk Maaf — the latest entry in the overdone time-loop genre that ironically forgets to be original. Also on the episode: TV Gold: Taylor Sheridan's Landman — where oil meets fire and Billy Bob Thornton holds it all together. If Yellowstone was your vibe, this one is worth drilling into. Heads Up: Vijay Sethupathi stars in Ace, a film that tries to bluff with comedy, action, and a heist — but doesn't quite have the right cards. Retro Ride: Mohanlal's Thudarum revs up old-school action with Ilaiyaraaja music and raw nostalgia — but don't expect Drishyam-style twists. PSA: JJ Abrams throws it back to the '70s with Duster, where fast cars, FBI agents, and blue suede shoes collide. 👁🗨 Watch, skip, or wait — Sudhish Kamath is your binge guide, your designated driver through the noisy streets of content chaos. This is FOMO Fix, brought to you by The Hindu.
The Hindu
3 hours ago
- Health
- The Hindu
Use of masks advised at Coimbatore Medical College Hospital as precautionary measure
Use of masks has been advised for all visitors and patients at Coimbatore Medical College Hospital as a precautionary measure against COVID-19. Public announcements regarding this were made on Saturday at the hospital. A. Nirmala, Dean of CMCH, told The Hindu masks were advised to be worn only as a precautionary measure and were not mandated. She said there had been no COVID-19 cases reported in the district. However, during the recent rain, there was a possibility of other respiratory infections spreading, although no increase in such cases had been observed so far. 'There is no need to worry. We are advising the public as per the Health Department's instructions,' she added.
The Hindu
4 hours ago
- Business
- The Hindu
Sacrificial sheep become dearer in Tiruchi ahead of Bakrid
The price of sacrificial livestock, especially sheep, has gone up ahead of Id-ul-Adha (Bakrid) on June 7. Farms that specialise in rearing semmari aadu (sheep) and weekly cattle markets are seeing an increase in footfall from customers in Tiruchi as Bakrid draws closer. The animals are slaughtered in a ritual known as Qurbani and the meat is shared among family members, friends, and the needy. 'We are selling sheep weighing 27 kg to 60 kg to buyers from Tiruchi. Prices range between ₹490 to ₹600 a kg, depending on the weight and type of animal. The trade is much better this year, because customers are willing to spend upwards of ₹13,000 per sheep,' M. Basheer Ahmed, proprietor, Maryam Goat Farm at Thirumalai Samuthiram village, told The Hindu. 'We deal in Mayilambadi, Mecheri, and Ettayapuram Pottu Kutty sheep. For an additional fee, we slaughter the animals on Bakrid day at our farm and prepare it for distribution for the customer,' said Mr. Ahmed. Besides sheep, the goat, cow, or camel can be eligible for Qurbani. 'The practice of seven individuals sharing the sacrifice of a cow or camel has become common in Tiruchi as it is cost-effective. Shares in larger animals are priced upwards of ₹3,000 a person this year, and have many takers in the city,' said N. Jamaluddin, a resident. To keep costs low, some residents purchase a kid at goat farms soon after Bakrid and allow them to be reared there before they can be slaughtered in the following year. 'I invested ₹9,000 in a kid goat in 2024, and will be claiming it for Qurbani this year. The goat will weigh up to 25 kg and will yield enough meat for sharing,' said Shahul Hamid. The price of mutton sold by butchers in Tiruchi is expected to rise above the current ₹900-₹1,000 a kg on the day of the festival.
Scroll.in
5 hours ago
- Health
- Scroll.in
Active Covid-19 cases rise to 3,395
India's active Covid-19 cases reached 3,395 on Saturday, the Union Ministry of Health and Family Welfare said. More than 1,430 patients have been discharged, the ministry said. Seven deaths were reported in the last 24 hours, bringing the total number of Covid-related deaths in 2025 to 22. Comorbidities played a significant role in most cases, The Hindu reported citing state-level data. Two of these deaths were reported in Maharashtra and one each in Delhi, Gujarat, Karnataka, Punjab and Tamil Nadu. This was the first fatality in the national capital amid the current surge in cases, The Hindu reported. Covid-19 infections have seen an uptick recently, with infections seeing a five-fold jump and crossing the 1,000-mark in the week ending May 25, India Today reported. Kerala has 1,336 active cases, followed by Maharashtra (467), Delhi (375), Gujarat (265), Karnataka (234) and Tamil Nadu (185). On Friday, Union Minister of State for Health Prataprao Jadhav said that the Centre is prepared to handle 'any situation', ANI reported. 'Both our central health department and the AYUSH ministry are fully alert and closely monitoring the situation across all states,' ANI quoted Jadhav as saying. The minister said that the Union government has reviewed the infrastructure built during the earlier Covid-19 waves. 'Our health systems are well-equipped and ready to handle any situation that may arise in response to Covid-19,' Jadhav told the news agency. With schools reopening after the summer break amid a spike in Covid-19 cases, the Karnataka government has issued an advisory urging parents not to send their children to school, if they have fever, cough, cold and other symptoms, PTI reported.
