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Agri, related ministries warn against duty relaxation to US

Financial Express Kochi

|

July 02, 2025

• Duty cuts on shrimp, apples from US likely

- SANDIP DAS

EVEN AS THE final phase of talks for an interim trade deal with the US is underway in Washington, official sources here said that the Union ministries of agriculture, animal husbandry and fisheries have said that they have taken "firm positions" against offering any import duty cuts to the US for key farm products.

Under the proposed trade deal, the US had demanded tariff cuts for maize, soyabean, skimmed milk powder (SMP) and poultry products.

Currently, import of maize is subject to 61% duty, while SMP attracts 68% levy. Lowering the duties on these items would hit the small and marginal farmers, the respective administrative ministries have conveyed to the Indian negotiators.

MEER VERHALEN VAN Financial Express Kochi

Financial Express Kochi

IMF directors urge India to replenish fiscal buffers

WHILE FISCAL CONSOLIDATION has progressed, achieving the fiscal deficit target remains challenging, necessitating disciplined spending and strengthened fiscal buffers to safeguard stability, the International Monetary Fund executive board directors in their report.

time to read

1 min

November 27, 2025

Financial Express Kochi

Change mindset for manufacturing push: Godrej

WE ARE LOOKING TO LIMIT PRICE INCREASES TO ABOUT 5-7% POST NEW BEE NORMS

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1 mins

November 27, 2025

Financial Express Kochi

Google Cloud sees govt tie-ups rise

· Cybersecurity threats & DPDP compliance fuel demand surge

time to read

1 min

November 27, 2025

Financial Express Kochi

When humans & Al create value together

WE'RE AT AN inflection point.

time to read

1 mins

November 27, 2025

Financial Express Kochi

SBI’s NIM target of 3% safe even if RBI cuts rate: Setty

STATE BANK OF India is confident of achieving its 3% net interest margin (NIM) guidance even if the Reserve Bank of India (RBI) decides to cut the repo rate by 0.

time to read

1 mins

November 27, 2025

Financial Express Kochi

US-Russia talks gain momentum

A SENIOR KREMLIN official confirmed Wednesday that US special envoy Steve Witkoff is set to visit Moscow next week as efforts to find a consensus on ending the nearly four-year war between Russia and Ukraine pick up speed.

time to read

1 min

November 27, 2025

Financial Express Kochi

UK cuts tax-free allowance for cash savings

BRITISH FINANCE MINISTER Rachel Reeves delivered a budget on Wednesday that will take more tax from workers, people saving for a pension and from investors to give herself more room for meeting her borrowing targets.

time to read

1 mins

November 27, 2025

Financial Express Kochi

Reliance JV to build AI data centre

THE ANDHRA PRADESH government has assured full support for the Digital Connexion project, including assistance with land allotment, power infrastructure, connectivity,and timely clearances.

time to read

1 min

November 27, 2025

Financial Express Kochi

Indices near all-time high as bears go into hiding

· DIIs pump in ₹7 lakh crore, highest in a year

time to read

1 mins

November 27, 2025

Financial Express Kochi

When tax meets technology

Tax is one area where the govt has moved far ahead in adopting technology and digitisation. Professionals must catch up with the digital architecture in place

time to read

3 mins

November 27, 2025

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