Viewpoint by Vidushpat Singhania
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
27 minutes ago
- The Hindu
U.S. is the largest market for some of the Indian textile and engineering goods, say exporters
Exporters of textiles, garments, and engineering goods fear that the 25% tariff imposed by the U.S. will not only lead to loss of orders but also put them in a quandary as no other market has the high volume demand as the U.S. The Union Minister for Commerce and Industry Piyush Goyal met delegations from the textile and engineering export councils on Friday. 'We have impressed upon the Minister that for some of the textile products, 60% to 70% exports goes to the U.S. We cannot get such high volume from any other market and if we lose the US buyers, companies supplying these products will be hit hard,' said one of the textile exporters. In the case of engineering goods too, the U.S. is the leading buyer for some of the products for several years. 'The competing countries have relatively lesser tariff. Countries that have tariff higher than India are really not competitors. Hence, there should be a detailed study now on the product lines that will be hit by the 25% tariff,' said an engineering exporter. The exporters have urged the government to reintroduce the interest subvention scheme. Indian exporters, mainly the micro, small and medium-scale enterprises, have 2% to 3% disadvantage because of the high interest rates in India compared to the competing countries. Now, they will face higher cost disadvantage because of the tariff. The exporters have also sought supportive measures from the government so that they can supply at competing prices to the U.S. buyers.
Time of India
35 minutes ago
- Time of India
Govt advocate Ajit Kumar appointed Patna HC judge
Patna: President Droupadi Murmu has appointed Bihar government advocate Ajit Kumar as a judge of the Patna high court. A notification to this effect was issued by the Union ministry of law and justice late on Friday evening. Justice-designate Ajit Kumar is scheduled to take oath of office at 4pm on Monday in the Centenary Hall of the Patna high court. Born on Nov 22, 1974, Ajit Kumar received his early education at the prestigious Sainik School, Tilaiya, now in Jharkhand. He went on to graduate from Delhi University and earned his law degree from the Campus Law Centre of the same university. Having enrolled as an advocate in 1999, he joined the Bar of the Patna high court in 2001. Over the course of his career, he also practised in the Delhi high court, Jharkhand high court and the Supreme Court, handling matters related to civil, criminal and constitutional law. With 25 years of legal practice across various constitutional courts, Ajit Kumar developed expertise particularly in labour and service law. He had also worked closely with the late former advocate general Ram Balak Mahto in the Patna high court for a considerable period. In 2015, he was appointed as govt counsel for Bihar in the same court. He continued representing the Bihar govt as its advocate till his elevation to the bench. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
Time of India
an hour ago
- Time of India
'He Has His Reasons...': Shashi Tharoor Reacts To Rahul Gandhi's Remark On Trump Tariffs
Congress MP Shashi Tharoor responded cautiously after Lok Sabha LoP Rahul Gandhi agreed with U.S. President Donald Trump's 'dead economy' remark on India. Tharoor said he wouldn't comment on his party leader's statement but emphasized that India's strategic and economic relationship with the U.S. is vital. Highlighting India's $90 billion worth of exports to the U.S., he warned against any risk to this trade. Tharoor urged support for Indian negotiators to secure a fair deal and advocated expanding exports to other regions to offset potential losses. He underscored the need to protect India's global trade interests amid tense economic commentary.#shashitharoor #rahulgandhi #donaldtrump #indianeconomy #indiaustrade #tradetalks #congress #toi #toibharat
