Sensex Drops 849 Points, Below 81,000 Amid a US-Tariff Selloff
The equity benchmark index, Sensex, dropped by 849 points on Tuesday, falling below the 81,000 level. This decline was driven by widespread selling pressure following the United States’ announcement of a draft notice regarding the implementation of an additional 25% tariff on Indian products. Additionally, relentless foreign fund outflows and a weak global trend negatively…
Shipra Prajapati
India Urges a Three-Year Import Tariff on Selected Steel Products
The Indian government proposed a three-year import tariff ranging from 11% to 12% on certain specified steel products. If this proposal gets approved, the steel products tariff will start at 12% in the first year, drop to 11.5% in the second year, and additionally reduce to 11% in the third year. The Directorate General of…
Himanshu