SHIPPING BILLS
Can this American bill topple India's showpiece industry?
The proposed US HIRE Act threatens India’s $250bn IT sector, targeting outsourcing with a 25% tax on payments to foreign firms. While still unlikely to pass, it signals rising protectionism and populist rhetoric under Trump-aligned Republicans. Indian IT services and GCCs, heavily dependent on US clients, face real risks, prompting a need for market diversification and domestic growth.
‘You’re going to find out’: Trump hints US might strike inside Venezuela, days after deploying F-35 jets to Puerto Rico
Amid escalating tensions, the Trump administration is considering military action against drug cartels in Venezuela, prompting concerns about a potential conflict. This consideration follows a recent US airstrike on a Venezuelan speedboat and encounters between US naval vessels and Venezuelan combat aircraft. Despite Trump's claims of ending wars, direct military action against Venezuela could be viewed as a significant escalation.
PSU stocks: Time to relook? But don’t use the 2023 lens; choose the business. 57 PSU stocks, some good, some not so good
A bull run from June 2023 to June 2024, and then a bear run for a year. PSU stocks now seem at a stage where it is probably time to look at them again. For those who have not noticed, some of these stocks have seen higher-than-average volumes. Also a sort of outperformance in the bearish phase where they did not decline like other stocks in the market. They are not in the news any more; nor are many talking about them on TV. All signs suggesting it might probably be time to look at them again. But this time do it from a very different perspective – and not just because they are PSU. What matters is the category of business they fall into.
GST Council approves faster export refunds for claims below ₹1,000
The measures will improve the liquidity condition of exporters amid the US imposing 50% tariffs on India. The US decision would impact around $48.2 billion of outbound shipments based on 2024 trade values. The GST Council recommended an amendment to the rules to provide for sanction of 90% of refund claimed as provisional refund "on the basis of identification and evaluation of risk by the system", the council said in a statement.
Indian exporters lobby RBI for weaker rupee to offset US tariffs
Indian exporters, facing a 30% loss due to Trump's 50% tariffs on US-bound shipments, are lobbying the RBI for a temporary, weaker rupee rate of 103 per dollar for US earnings. This request aims to offset the tariff's impact, but the RBI is hesitant due to potential risks to currency sentiment and reserves.
AI, RBI nod, Amazon tie-up: How Skydo is powering India’s small exporters
Co-founder Movin Jain says the RBI licence, Amazon partnership, and AI-led compliance are driving the adoption of Skydo’s solutions among first-time and mid-market exporters.
- Go To Page 1
Trump says 11 dead in US strike on drug-carrying boat from Venezuela
President Donald Trump said that US forces had attacked a boat carrying drugs to the United States Tuesday, killing 11 "narcoterrorists" from a gang he alleged was controlled by leftist Venezuelan leader Nicolas Maduro. Trump initially announced at the White House that US forces had "shot out a boat... a drug carrying boat, lots of drugs in that boat" without giving details.
India ups the tempo in diversifying trade deals
India is accelerating its efforts to diversify export markets amid trade tensions with the US, actively pursuing new trade agreements with the Eurasian Economic Union (EAEU), the European Union (EU), and the South African Customs Union (SACU).
‘Hell No’: Shock $934 bill shows tariff pain to hit shoppers
US consumers are facing unexpected tariff bills on international packages due to the Trump's policy changes, ending the de minimis exemption. This shift, impacting e-commerce giants and small businesses alike, has caused confusion and disruptions in global shipping. Consumers are experiencing surprise charges, leading to uncertainty and potential cost increases.
Trump’s 50% tariffs on India could make your everyday shopping way more expensive - here's how it will impact
Price of Indian goods in US: The US has doubled tariffs on Indian goods to 50%. This move affects food, clothing, and home goods. Shrimp, spices, and clothing prices may rise. US companies are seeking alternative suppliers. India's exports to the US could decline. Pharmaceuticals and smartphones are currently exempt. The tariff is a response to India's purchase of Russian oil.
Your next Amazon, eBay parcel might come with hefty custom bill in US: What online shoppers must know
For nearly a century, low-value packages of goods from abroad have entered the United States duty free, thanks to what’s known as the “de minimis rule". But now, the expiration of the de minimis rule is going to have a big impact on US shoppers and small businesses. President Donald Trump announced on July 30 the repeal of the duty-free treatment of parcels from every country, effective a month later.
Why India's Russian oil imports sparked US tariffs amid Ukraine peace talks
India, a major oil importer, faces pressure from the U.S. due to its increased Russian oil purchases, which Washington views as funding the Ukraine war. Trump imposed tariffs in response, contrasting with the previous administration's acceptance of these imports to stabilize global prices.
Wealth creation has another name: Ignore noise & Trump. Just hold on to good businesses; 22 stocks from different sectors that fit the bill
With the additional 25% tariff all but a reality, here's a question: What will President Trump say or do next? Can anyone predict that? The answer is no. So, if you cannot predict what the man responsible for all the recent market turmoil will do, why try to predict what will happen to stock prices? At such a juncture, you will do well to remember that while the markets are about buying and selling, there is a third option. Which is hold. And when it comes to wealth creation, there are times when it is more important to just hold on to stocks. So if you have quality stocks, stop analysing what is happening to the Nifty and Sensex every day.
SpaceX scrubs 10th Starship test launch amid weather delays; NASA’s Artemis III likely pushed to 2028
SpaceX scrubbed the 10th Starship test flight for the second consecutive night due to adverse weather conditions. This test is crucial for demonstrating capabilities needed for future Mars missions and NASA's Artemis III lunar landing. Despite previous setbacks and a pre-launch explosion, SpaceX aims to achieve in-orbit refueling next year, a critical step for deep-space exploration.
ET WLF 2025: PM Modi outlines India’s next-gen ambitions in chip, space & EVs
Prime Minister Modi asserted India's growing global influence, highlighting its economic resilience and technological advancements. He mentioned India's ambition in chip manufacturing, space exploration with increased startup activity, and electric vehicles. Modi emphasized the nation's strong economic fundamentals, including low inflation and robust forex reserves, contrasting it with missed opportunities before 2014.
ET WLF: PM Modi underscores how evolving at pace with world has put India at pinnacle of growth
Narendra Modi highlights government's reform commitment. He emphasizes India's self-reliance goal. India is expected to contribute 20% to global growth soon. Modi plans new reforms to boost manufacturing and employment. He criticizes past governments for missed opportunities. Modi cites job growth and strong economic indicators. He reiterates the vision of Viksit Bharat by 2047.
A wild card for the board game business: Trump's tariffs
US board game publishers, predominantly small businesses, are facing an existential threat due to President Trump's tariffs on Chinese imports, where most game components are manufactured. This trade volatility has forced companies to halt production, cut staff, and consider raising prices, impacting the availability and affordability of games for consumers.
From sports reforms to political accountability: Parliament’s Monsoon Session delivers despite chaos
The Monsoon Session of Parliament concluded with the passage of significant legislation. Key reforms in sports, taxation, and shipping were approved. A bill to enhance political accountability was also introduced. Despite disruptions, the Lok Sabha passed twelve bills, and the Rajya Sabha passed fifteen. The government hailed the session as successful, while the opposition faced criticism.
Parliament clears Bill to establish Assam’s first IIM in Guwahati
Parliament has passed the IIM (Amendment) Bill, 2025, enabling Assam’s first Indian Institute of Management in Guwahati. The move, tied to the peace accord with ULFA, fulfils a long-standing demand and aims to boost education, investment, and growth in the Northeast.
Lok Sabha, Rajya Sabha adjourn sine die amid protests, uproar; here is all that happened this Monsoon Session
The Monsoon session of Parliament concluded with significant disruptions, limiting productive hours to just 37. Despite the chaos, both the Lok Sabha and Rajya Sabha managed to pass several key legislations.
Lok Sabha passed 12 bills, Rajya Sabha 14 in Monsoon session amid Opposition protests
The Monsoon Session of Parliament 2025 has been marked by significant ruckus and disruptions from the Opposition over the issue of Special Intensive Revision (SIR) of electoral rolls in Bihar, Pahalgam terror attack and Operation Sindoor and Union Minister Amit Shah's introduction of bills proposing the removal of elected representatives (including the Prime Minister and Chief Ministers) detained on serious criminal charges was met with strong opposition.
New bill riles online gaming; De minimis blow to Indian exports
Happy Wednesday! A new bill proposing a ban on real-money games has ruffled industry feathers. This and more in today's ETtech Morning Dispatch.
Karnataka Assembly passes Bill for welfare of gig workers
The Karnataka Legislative Assembly passed a Bill to safeguard gig workers' rights, mandating aggregators to ensure social security and safety. It proposes a welfare fee of 1-5% on each transaction, establishing a welfare board and fund. The bill also addresses unlawful building regularization, revises shipping fees, extends essential services maintenance, and strengthens cooperative deposit security.
Oppn walkout in Rajya Sabha on SIR, government says 69 hours of work wasted this session
The Rajya Sabha witnessed disruptions by the Opposition over the SIR issue, leading to adjournments and a walkout. Despite the turmoil, the government successfully passed the Indian Ports Bill, 2025, with support from BJP and allied parties.
Parliament passes Indian Ports Bill 2025: Sonowal says India targets Singapore, Europe-style integrated planning
The Parliament has approved the Indian Ports Bill, 2025, aiming to elevate India's maritime operations to global standards. Union Minister Sarbananda Sonowal highlighted that the bill will bring discipline to port operations, aligning with international best practices and environmental standards.
Opposition walks out of Rajya Sabha over demand for Bihar electoral rolls discussion
Opposition MPs in the Rajya Sabha staged a walkout, demanding a discussion on the revision of electoral rolls in Bihar. This occurred after the Chair declined to take up the matter, leading to protests and slogan-shouting. Earlier, proceedings were adjourned due to protests over the rejection of adjournment notices on various issues.
Rajya Sabha takes up Indian Ports Bill amid Opposition walkout
Amidst opposition protests, the Rajya Sabha introduced the Indian Ports Bill 2025, already passed by the Lok Sabha. Union Minister Sarbananda Sonowal presented the bill, designed to streamline port laws, boost integrated development, and optimize coastline use.
Govt to boost Maritime Development Fund to ₹70,000 crore, nearly triple budget allocation
The Indian government is significantly increasing the Maritime Development Fund to ₹70,000 crore, aiming to bolster the maritime sector. This expansion supports shipyards, infrastructure, and shipping tonnage, aligning with ambitious goals for 2047. Recent legislative changes and financial schemes further demonstrate India's commitment to becoming a global shipbuilding hub, competing with nations like South Korea and China.
Parliament watch: Bihar jobless rate in focus, no plan for OPS, Merchant Shipping Bill sails through RS
The unemployment rate (UR) on usual status for persons of age 15 years and above in Bihar has come down to 3% in 2023-24 from 7.0% in 2017-18. Also, there is no proposal under consideration of the Government of India for restoration of Old Pension Scheme (OPS).
Load More
