Masterstroke by Modi government as India plans to launch Rs 200000000000 mission to help exporters, Donald Trump's tariffs will now be...
India-US trade relations: In a massive development for the Indian exporters who are expected to be largely impacted by the recently announced US tariffs, the government of India is reportedly planning to launch a Rs 20,000 crore Export Promotion Mission to support its exporters. As a part of the Export Promotion Mission, the central government will help exporters in key areas including trade finance, non-trade finance covering regulations. Here are all the details you need to know about the Rs 20,000 crore Export Promotion Mission and how it can help the exporters of India. How will Export Promotion Mission help Indian exporters?
After the US tariffs on Indian exporters are implemented, a lot of critical sectors of the Indian economy including electronic equipment, Textiles and Auto parts. Therefore, in order to protect their interests, the government of India is launching the Export Promotion Mission which will focus on easing export credit, overcoming non-tariff barriers, promoting indigenous brands, expanding ecommerce infrastructure, and improving trade facilitation, as per a report carried by the Economic Times.
Also, as a part of the mission, special attention is being given to MSMEs through collateral-free loans and credit support. Why Trump has threatened to 'substantially' raise tariffs on India?
In a significant development after announcing 25 percent tariffs on Indi, US President Donald Trump issued a fresh threat to 'substantially' increase tariffs on India as a penalty, for what he alleged, for selling imported Russian oil on the open market for 'big profits'. Why is Donald Trump frustrated on India?
As per a report carried by news agency IANS, Trump has been frustrated by Russia's President Vladimir Putin's refusal to end the Ukraine War and is directing his ire against India to pressure Moscow. He wrote on Truth Social: 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits.'
Notably, Trump had initially said the penalty, known as secondary tariffs, applying to all buyers of Russian apply would be 100 per cent.
(With inputs from agencies)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
8 minutes ago
- Economic Times
Prestige Estates shares in focus after Q1 profit rises 26% YoY on strong housing demand
As of March 2025, Prestige Estates had completed 302 projects covering 193 million square feet and had a pipeline of 130 projects across 203 million sq ft. Prestige Estates Projects reported a 26% YoY increase in net profit to Rs 292.5 crore for Q1 FY26, driven by higher revenue and strong housing demand. Pre-sales surged fourfold to Rs 12,126.4 crore, boosted by a Ghaziabad project. Analysts predict an 11% upside, with an average target price of Rs 1,787, despite recent price dips and mixed technical signals. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Prestige Estates share price target Share price performance Shares of Prestige Estates Projects will be in focus on Wednesday after the real estate developer reported a 26% year-on-year increase in consolidated net profit to Rs 292.5 crore for the June quarter, supported by higher revenue and robust housing demand . The company had posted a net profit of Rs 232.6 crore in the same period last income rose to Rs 2,468.7 crore in Q1 FY26, up from Rs 2,024.5 crore in the year-ago period, according to a regulatory month, Prestige Estates reported a four-fold jump in pre-sales to Rs 12,126.4 crore for Q1 FY26, primarily driven by strong demand for its Ghaziabad residential project. In the same quarter last year, pre-sales stood at Rs 3,029.5 of March 2025, the company had completed 302 projects covering 193 million square feet and had a pipeline of 130 projects across 203 million sq Read: PNB Housing Finance, RBL Bank among 10 small-cap stocks where FIIs increased stake in Q1 According to Trendlyne, the average target price for Prestige Estates stands at Rs 1,787, indicating an upside potential of 11% from current levels. The stock holds a 'Buy' recommendation from 19 the technical front, the relative strength index (RSI) is at 42.1, indicating the stock is neither overbought nor oversold. The MACD is at 5.9, below its signal and centre line—a strong bearish stock is trading above its 100-day, 150-day, and 200-day simple moving averages (SMAs), but remains below its 5-day, 10-day, 20-day, 30-day, and 50-day Read: These 10 stocks delivered consistent dividend yields over the last 3 years On Tuesday, shares of Prestige Estates closed 1.4% lower at Rs 1,609.3 on the BSE, while the benchmark Sensex fell 0.38%. The stock is down 3% so far in 2025 but has surged 180% over the past two years. The company's market capitalisation currently stands at Rs 69,319 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
New Indian Express
10 minutes ago
- New Indian Express
Romance to ruin: Bengaluru sees spike in dating scams
BENGALURU: Bengaluru is witnessing a surge in online dating scams, with fraudsters exploiting emotionally vulnerable individuals and drawing them into sophisticated financial frauds. What often begins as a search for love ends in heartbreak and financial ruin, as scammers exploit dating platforms to either extort victims or lure them into fraudulent investment schemes. Recently, a 32-year-old software engineer lost Rs 79.3 lakh after investing in a fake trading app, following the advice of a woman he met on a matrimonial website. In another case, a 37-year-old businessman lost Rs 5.5 lakh in a sextortion scam after connecting with a woman on a dating app. A senior officer from the cybercrime police station said dating fraud typically falls into two categories: honey-trap extortion (sextortion) and fraudulent trading schemes that trick victims into transferring money under the guise of investment opportunities. 'These women initiate warm, emotional conversations and gradually build trust,' the officer said. 'Eventually, they promise a future together, often even marriage.' Once the bond is established, often over several months, the victim is persuaded to invest in a fake trading platform. Many share personal financial struggles, including debts and loans, believing they are confiding in a partner. The scammers exploit these vulnerabilities, offering financial solutions that ultimately drain the victim's savings. The officer urged the public to avoid sharing personal or financial details with strangers online and to be cautious of anyone promising quick financial gains.
Time of India
10 minutes ago
- Time of India
BD Industries IPO listing today. Tepid GMP reflects cautious sentiment
Founded in 1984, BD Industries manufactures plastic fuel tanks, hydraulic tanks, fenders, urea tanks, and a variety of other products for the automotive, marine, and industrial segments. BD Industries, a plastic product manufacturer, is set to list on the BSE SME platform on August 6 after a moderately subscribed IPO of Rs 45.36 crore. With a grey market premium of Rs 0, a flat listing is anticipated despite improved financials showing a 52% revenue growth and a 156% surge in profit. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of BD Industries , a manufacturer of rotationally moulded plastic products, will list its shares on the BSE SME platform on August 6 after closing its Rs 45.36 crore IPO with a moderate subscription and no traction in the grey market. The grey market premium (GMP) on the company's shares ahead of the listing stood at Rs 0, suggesting a flat listing is likely, with little to no upside expected over the issue price of Rs 108 per IPO, which ran from July 30 to August 1, was a completely fresh issue of 42 lakh equity shares. Despite its modest size, the issue did not witness enough demand from IPO was subscribed 1.81 times overall, with the retail portion seeing a subscription of 1.32 times, the qualified institutional buyer (QIB) category at 1.27 times, and the non-institutional investor (NII) segment leading with a 3.66 times company priced its issue in a band of Rs 102 to Rs 108 per shareFounded in 1984, BD Industries manufactures plastic fuel tanks, hydraulic tanks, fenders, urea tanks, and a variety of other products for the automotive, marine, and industrial segments. The company caters to diverse sectors with a scalable and asset-heavy manufacturing BD Industries has posted sharp improvements in profitability. Revenue grew 52% year-on-year to Rs 84.13 crore in FY25, while PAT surged 156% to Rs 8.15 flat GMP heading into the listing day signals weak demand in the unofficial market. Investors will be closely watching early trade on Wednesday to assess if fundamentals can overcome sentiment. Aryaman Financial Services acted as the book-running lead manager, and Aryaman Capital Markets was the market maker.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
