Tariff

Lutnick, the head of brokerage firm Cantor Fitzgerald, will also have additional direct responsibility for the US Trade Representative's office, Trump said in a statement

The telcos have submitted details of the hike within the stipulated seven days

Bharti Airtel on Friday announced between 10-21 per cent hike in mobile tariffs, a day after larger rival Reliance Jio announced an increase in rates. Airtel, in a release, said that the revision in mobile tariffs will be effective from July 3. "We have ensured that there is a very modest price increase (less than 70 paise per day) on entry-level plans, in order to eliminate any burden on budget challenged consumers," the Sunil Mittal-led telecom firm said announcing the revision in mobile tariffs. Bharti Airtel said it has maintained that the mobile Average Revenue Per User (ARPU) needs to be upwards of Rs 300, to enable a financially healthy business model for telcos in India. "We believe that this level of ARPU will enable the substantial investments required in network technology and spectrum and offer a modest return on capital," the telco said. Among the unlimited voice plans, Airtel has raised tariffs in the ballpark range of about 11 per cent, and accordingly rates are rev

US tariffs will further increase trade friction

In her testimony before the House Ways and Means Committee Hearing on the President's 2024 Trade Policy Agenda, Tai mentioned that India and the US resolved the final outstanding WTO dispute

India's decision to remove retaliatory customs tariffs on some US products, including walnuts, has cheered up the California walnut industry, which is hopeful that the move will help it increase its exports to India and further firm up trade ties between the two strategic allies. Two days ahead of US President Joe Biden's visit to New Delhi to attend the G20 Summit on September 9-10, India dropped the retaliatory customs duties on about half a dozen US goods which were imposed in 2019 after America hiked its tariffs on certain steel and aluminium products coming from India. Welcoming India's decision, Pamela Graviet, Senior Director, Global Programmes, California Walnut Commission and Board, said it is a "positive step" that will improve bilateral trade relations. "Recently, the Indian government and the United States have been in discussions about mutually beneficial things, not just agriculture, but also across a wide variety of subjects. And, it was determined to remove a 20 per

Reliance Jio is most likely to lead the hikes as it is now focussing on profitability and aims to launch an IPO in next couple of years

the duty concessions are available under exemption notifications and some of them mandate the procedures prescribed under the said IGCR Rules.

India's average effectively applied tariff rate across all products is in double-digit territory

The move will provide level playing field to PPP concessionaires at major ports and help them compete with private ports

The United States has reached a deal with the European Union (EU) to resolve a three-year dispute over tariffs on steel and aluminium imported from the bloc, US officials said on Saturday.

While valuations are at a steep discount, the underperformance is likely to continue

Duty cut will reduce cost of raw materials, enabling local manufacturing in India. Import duties on raw materials can be brought down to zero to support domestic manufacturing, council says

Switch can be done with the immediate billing cycle; customers will receive a Green Power Certificate each month

As far as postpaid is concerned, it has a tariff plan, of Rs 199, which it did not promote and it accounts for less than 1 per cent of its customers

Current mobile internet prices are in the range of Rs 4-5 per GB

Trump said that a comprehensive trade agreement with India would take much longer to finalise than earlier expected

Vittal refused to comment on whether the company was planning to increase tariffs

Even relatively moderate tariffs of around 20 per cent can be highly protective and distortionary