&w=3840&q=100)
Slashing food tariffs: NITI's push for US mkt access may hurt food security
Ajay Srivastava
Listen to This Article
A recent NITI Aayog paper recommends sweeping tariff cuts on a range of agricultural imports from the United States — including rice, dairy, poultry, corn, apples, almonds, and genetically-modified soya — as part of the proposed India-US Free Trade Agreement. The paper, titled 'Promoting India-US Agricultural Trade under the new US Trade Regime,' was published in May. We look at its key recommendations and what they could mean for India's food security. Let's start with rice — India's staple food across states. Rice: The paper suggests scrapping import tariffs on US rice, as India already exports large amounts
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
22 minutes ago
- Hans India
Eye On 2036 Olympics… Union Cabinet approves National Sports Policy
New Delhi: In a landmark decision aimed at transforming India's sports ecosystem, the Union Cabinet, led by Prime Minister Narendra Modi, has approved the National Sports Policy (NSP) 2025. The comprehensive policy is set to replace the outdated 2001 framework and pave the way for a new era of sporting excellence, inclusivity, and economic opportunity. The NSP 2025 aims to establish India as a global sporting powerhouse, targeting significant international achievements, including the 2036 Olympic Games The creation of NSP 2025 involved extensive nationwide consultations with various ministries, state governments, NITI Aayog, National Sports Federations, athletes, domain experts, and public stakeholders.
India Today
25 minutes ago
- India Today
Sensex, Nifty open higher as IT stocks rally on hopes of US-India trade deal
Benchmark stock market indices opened higher on Wednesday, buoyed by optimism over a possible US-India trade deal. IT stocks rallied in early trading, pushing markets S&P BSE Sensex was up 103.13 points to 83,800.42, while the NSE Nifty50 added 21 points to 25,562.80 as of 9:28 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that positive news about a possible trade deal between India and US can help break the upper limit of the range but it would be difficult to sustain the Nifty at higher levels for long."There are no indications yet of a strong rebound in earnings. GST collections data for June indicates sluggish growth. Auto sales numbers for June also indicates subdued sales. In brief, there is no room for the market to sustain the upward momentum given the high valuations," he Sensex opened on a positive note today with IT and pharma stocks leading the charge. Infosys topped the gainers with a strong 1.79% jump, followed by Tata Consultancy Services up 0.93%. Sun Pharma rose 0.74%, Tata Steel gained 0.72%, and NTPC climbed 0.71%.Bajaj Finserv fell the most at 1.09%, followed by Asian Paints down 0.95%. Bharat Electronics dropped 0.71%, Bajaj Finance declined 0.59%, and Eicher Motors slipped 0.54%. A surprise element is the resilience of the US economy and corporate earnings, which in turn is imparting resilience to the US market, despite the tariffs. How long this resilience will hold remains to be seen. The Fed chief Jerome Powell has indicated that there is no room for a rate cut immediately. This will rein in the enthusiasm of the Ends
&w=3840&q=100)
Business Standard
32 minutes ago
- Business Standard
Rupee slips as Trump sticks to tariff deadline; opens lower at 85.59/$
The Indian Rupee slipped on Tuesday as the currency saw renewed pressure from US President Donald Trump's looming tariff deadline. The domestic currency opened 6 paise lower at 85.59 against the dollar, according to Bloomberg. Most Asian currencies declined on Wednesday amid Trump's comments on extending the tariff deadline. The unit has depreciated by around 0.21 per cent in June and has fallen by 0.18 per cent in the first six months of the calendar year. Trump said he is not considering delaying his July 9 deadline for higher tariffs to resume. He also added the US and India will soon finalise a trade deal with 'much lower tariffs,' which would enable fairer competition between the two countries. The Indian rupee remained volatile on Tuesday, as markets await the conclusion of the India-US trade deal, which is in its final stages, according to Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP. "Buying interest emerged below 85.50, with nationalised banks seen actively purchasing dollars. Meanwhile, upticks in the dollar were sold off, amid a decline in the dollar index." With no clear directional cues, the rupee is expected to remain range-bound between 85.35 and 85.95, Bhansali said. The RBI's outstanding net short dollar position in the forward market fell further to $45 billion by the end of May, against $52 billion at the end of April, according to the central bank's latest data. Market participants will closely watch key US data this week, including non-farm payrolls, unemployment rate, and ADP employment data, which could influence dollar direction, analysts said. US Federal Reserve Chairman Jerome Powell's comment that the central bank would have already cut interest rates if it weren't for Trump's tariff initiatives will also be eyed. Meanwhile, the dollar index extended its fall as Trump escalated trade tensions. The measures the greenback against a basket of six major currencies, was down 0.14 per cent at 96.68. The index has fallen 10.93 per cent so far this year.
