Latest news with #AoS
Time of India
11-07-2025
- Business
- Time of India
Telangana pulls up Kavuri Forest Nest developer over poor upkeep, orders restoration of services
Telangana RERA has instructed Kavuri Forest Nest developer to uphold common area maintenance as per the sale agreement, responding to complaints from villa owners about service reductions and extra charges HYDERABAD: Telangana Real Estate Regulatory Authority (TGRERA) has directed Kavuri Forest Nest developer to maintain common areas of the community, strictly in line with the agreement of sale. The order came in response to a group complaint filed by 10 villa owners against developer Kavuri Ravi Kumar and Kavuri Forest Nest Villa Owners' Maintenance Mutually Aided Co-operative Society. The complainants alleged that despite contractually agreeing to maintain the project for five years from handover at a fixed rate of 50 per square foot, the developer stopped several services since June 2024 while demanding additional charges. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Issues cited included discontinuation of road sweeping, inadequate security, poor upkeep of gardens, and inoperative facilities like clubhouse, gym, and swimming pool at villa project at Lemoor Road, Tukkuguda. The Authority held that developer's responsibility to maintain common areas remains valid until conveyance was complete. "The respondent cannot unilaterally dilute or withdraw services on the ground that residents have chosen to supplement them through Association," the order stated. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo 'Continue maintenance sans reducing service quality' TGRERA clarified that the Association cannot demand services beyond what was agreed under AoS. Any upgrades, additional staffing, or third-party maintenance should be decided and funded by the Association. RERA issued directions under Section 37 of RERA Act, 2016. "The developer needs to continue maintenance without reducing quality or charging extra. The project name, 'Kavuri Forest Nest', must be retained in all communications. Any deviation from plans will attract penalties," it added.
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Business Standard
04-07-2025
- Automotive
- Business Standard
India proposes retaliatory duties against US's auto tariffs at WTO
India on Friday proposed retaliatory duties at the World Trade Organisation (WTO) against the tariffs imposed by the United States (US) on automobiles and certain auto parts, even as both nations are close to finalising an interim trade agreement. 'The proposed suspension of concessions or other obligations would take the form of an increase in tariffs on selected products originating in the United States. Without prejudice to the effective exercise of its right to suspend substantially equivalent obligations referred to in Article 8.2, AoS, India reserves its right to suspend concessions or other obligations after the expiration of thirty days from the date of this notification,' according to a WTO notification. India further stated that the safeguard measures will impact $2.895 billion worth of Indian-origin auto product exports annually, with duties totalling $723.75 million. Therefore, India plans to suspend trade concessions of equivalent value in response. Last month, India submitted a formal notification to the WTO under the Agreement on Safeguards, informing the multilateral trade body of its intention to suspend concessions under the agreement in response to tariffs imposed by the US on steel, aluminium, and their derivative products. India's position is that the US tariffs—imposed under Section 232 of the US Trade Expansion Act of 1962—amount to safeguard measures under WTO rules, entitling India to withdraw equivalent concessions. Currently, all eyes are on the announcement of the interim trade deal between both nations, as the 90-day pause on the US's plan to impose country-specific reciprocal tariffs ends on 9 July. Both sides are aiming to finalise an 'early tranche' or the first part of a broader bilateral trade agreement (BTA), which was announced by Prime Minister Narendra Modi and US President Donald Trump in February.
Time of India
12-06-2025
- Automotive
- Time of India
India has 'no basis' to seek WTO consultations on auto tariffs: US
The US has told the World Trade Organization (WTO) that there was "no basis" for India seeking consultations with it under the trade watchdog's safeguard agreement over American tariffs on automobiles and auto components. Last week, India sought consultations with the US after Washington adopted a measure in the form of a tariff increase of 25% ad valorem on imports of passenger vehicles and light trucks, and certain automobile parts originating in or from India. The measure on automobile parts applied from May 3, 2025, and for an unlimited duration. On Monday, Washington informed the WTO that the tariffs on autos were imposed pursuant to Section 232, which is a national security statute, and the US is "maintaining these actions pursuant to the essential security exception" in the global trade rules. Insisting that it did not act pursuant to Section 201 of the Trade Act of 1974, under which it imposes safeguard measures, the US said, "These actions are not safeguard measures and, therefore, there is no basis to conduct consultations under the Agreement on Safeguards with respect to these measures." India had said that the US failed to notify the WTO Committee on safeguards under a provision of the Agreement on Safeguards (AoS) on taking a decision to apply the safeguard measure. The US imported $89 billion worth of auto parts globally last year, with Mexico accounting for $36 billion, China for $10.1 billion, and India for just $2.2 billion. Washington has given a similar response to New Delhi's proposal to impose retaliatory duties on 29 American products including apples, almonds, pears, anti-freezing preparations, boric acid and certain products made of iron and steel to counter the American tariffs on steel and aluminium in the name of safeguard measures. New Delhi told the WTO that these measures would affect $7.6 billion imports into the US. The issues at the WTO are coming up at a time when the two sides are negotiating a Bilateral Trade Agreement (BTA). American trade officials were in New Delhi from June 4-10 for the trade pact talks.
Time of India
12-06-2025
- Automotive
- Time of India
‘No basis to seek…': US disagrees to India asking for WTO consultations on auto tariffs; calls it ‘essential security exception'
The United States has informed the World Trade Organization (WTO) that India's request for consultations regarding American tariffs on automobiles and auto components under the trade watchdog's safeguard agreement was unfounded. Tired of too many ads? go ad free now The United States notified the WTO on Monday that the automotive tariffs were implemented under Section 232, a national security provision, and that the country continues to maintain these measures under the essential security exception within global trade regulations. US said it was 'maintaining these actions pursuant to the essential security exception.' India had asked for consultations with the United States after the latter implemented a 25% ad valorem tariff increase on imports of passenger vehicles, light trucks, and specific automobile parts originating from India. The automotive components measure took effect from May 3, 2025, without any specified end date, according to an ET report. US rejects India seeking WTO consultations India had raised concerns about the US's failure to notify the WTO Committee regarding safeguard measures under the Agreement on Safeguards (AoS) provisions. Global auto parts imports to the US totalled $89 billion in the previous year, with Mexico supplying $36 billion, China $10.1 billion, and India contributing $2.2 billion. The United States has said that its actions were not taken under Section 201 of the Trade Act of 1974, which governs safeguard measures. The US added that consultations under the Agreement on Safeguards were not applicable as these were not safeguard measures. The US response mirrors its stance on India's proposed retaliatory duties on 29 US products, including apples, almonds, pears, anti-freezing preparations, boric acid and specific iron and steel items. These were intended to counter US tariffs on steel and aluminium, which India reported would impact $7.6 billion of US imports. These WTO discussions come amidst ongoing negotiations for a Bilateral Trade Agreement (BTA) between the two nations. US trade representatives visited New Delhi from June 4-10 for discussions regarding the trade pact.
Time of India
11-06-2025
- Automotive
- Time of India
India has 'no basis' to seek WTO consultations on auto tariffs: US
New Delhi: The US has told the World Trade Organization (WTO) that there was "no basis" for India seeking consultations with it under the trade watchdog's safeguard agreement over American tariffs on automobiles and auto components. Last week, India sought consultations with the US after Washington adopted a measure in the form of a tariff increase of 25% ad valorem on imports of passenger vehicles and light trucks, and certain automobile parts originating in or from India. The measure on automobile parts applied from May 3, 2025, and for an unlimited duration. On Monday, Washington informed the WTO that the tariffs on autos were imposed pursuant to Section 232, which is a national security statute, and the US is "maintaining these actions pursuant to the essential security exception" in the global trade rules. Insisting that it did not act pursuant to Section 201 of the Trade Act of 1974, under which it imposes safeguard measures, the US said, "These actions are not safeguard measures and, therefore, there is no basis to conduct consultations under the Agreement on Safeguards with respect to these measures." India had said that the US failed to notify the WTO Committee on safeguards under a provision of the Agreement on Safeguards (AoS) on taking a decision to apply the safeguard measure. The US imported $89 billion worth of auto parts globally last year, with Mexico accounting for $36 billion, China for $10.1 billion, and India for just $2.2 billion. Washington has given a similar response to New Delhi's proposal to impose retaliatory duties on 29 American products including apples, almonds, pears, anti-freezing preparations, boric acid and certain products made of iron and steel to counter the American tariffs on steel and aluminium in the name of safeguard measures. New Delhi told the WTO that these measures would affect $7.6 billion imports into the US. The issues at the WTO are coming up at a time when the two sides are negotiating a Bilateral Trade Agreement (BTA). American trade officials were in New Delhi from June 4-10 for the trade pact talks.
