INDIA DAIRY SECTOR TARIFFS
China extends suspension of 24% tariffs on US goods by two months, retains 10% duty
China announced its decision to prolong the suspension of the extra 24% tariffs on US goods by two more months, keeping the 10% duty on American imports in place. This extension comes in light of a prior agreement made between the leaders of both nations, effective from November 10, 2025. The recent announcement signifies ongoing trade discussions and the complexities involved in US-China economic ties.
US midterm results may give India trade leverage, but tariff and AI risks remain
The US midterm results may give India some room in trade negotiations by increasing congressional scrutiny of executive action, but they do not remove tariff risks or alter Washington's strategic priorities. AI investment is also unlikely to retreat, with capital expected to remain within the US rather than shift significantly to emerging markets.
Govardhan Puja Annakut 2026: How to Prepare 56 Bhog (Chappan Bhog) at Home on a Budget
Preparing Chappan Bhog for Govardhan Puja does not have to mean spending heavily on 56 elaborate dishes. With small portions, seasonal vegetables, everyday kitchen ingredients and a little planning, families can create a traditional-style Annakut offering at home without stretching their budget. Here is how to plan the 56 offerings, what to prepare and how to arrange them.
Airtel says prepaid plan tweaks are only a trial, calls for industry-wide shift in data pricing to lift ARPU
Airtel has told analysts that its prepaid plan changes were an experiment to raise average revenue per user, not a structural pricing fix. MD Shashwat Sharma said sustained ARPU growth would require users to pay more in proportion to data consumption, arguing that India's telecom sector underprices heavy usage.
DGFT invites applications for vehicle import quotas under India-UK FTA
The government of India has opened applications for importers seeking duty concessions under the India-UK trade pact. This initiative relates to a quota of 24,500 passenger cars and 2,750 transport vehicles. The applications are accepted from November 6, 2026 to November 21, 2026, according to the Directorate General of Foreign Trade. The Comprehensive Economic and Trade Agreement allows reduced tariffs on vehicle imports between the two nations.
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Diwali shopping gets costlier this year: From milk, ghee, butter to dry fruits, here's why festive buying is burning a hole in your pocket
Milk and ghee prices: Rising costs of key ingredients are affecting both consumers and manufacturers during this Diwali season. Dairy prices have seen significant increases, with major brands raising their rates amid high demand. Additionally, dry fruit prices have surged, reaching record highs over the past year. Corporate gifting has also become more expensive, forcing companies to reduce their gift quantities or opt for smaller packages.
Centre identifies 22 works to boost fodder security, livestock infrastructure under VB-G RAM G Act
The Centre has asked states and Union Territories to strengthen fodder security, pasture development and livestock infrastructure under the VB-G RAM G Act, identifying 22 permissible works. These include fodder banks, silage units, grazing lands and livestock shelters, aimed at addressing shortages and supporting rural households dependent on animal husbandry.
Gokul row fuels Opposition's 'vote chori' campaign against Maharashtra govt
A political struggle has emerged over recent appointments to the Gokul Milk Cooperative by the state government. Opposition parties argue that this move undermines the democratic process established by the farmer elections. The Congress party claims that the government's actions represent an attempt to seize power through illegal means. Supporters of the government argue that the appointments are necessary to resolve a deadlock within the cooperative.
US tariff relief unlikely for Indian auto parts makers despite Democrats’ Congress sweep
Indian auto component makers see little prospect of near-term relief from steep US tariffs despite Democrats gaining control of Congress. President Donald Trump can veto legislation seeking to challenge his trade policies, while overturning that veto requires a two-thirds majority in both chambers. Industry executives see progress in bilateral trade talks as key.
American midterm results will not have an impact on India-US interim trade deal: Sources
The Democrats' sweeping victory in the US midterm elections is unlikely to affect the India-US interim trade agreement, as the pact does not require formal Congressional ratification, sources said. However, ongoing Section 301 investigations into forced labour and excess industrial capacity could influence Washington's tariff structure and the finalisation of the agreement.
Trump's midterm election setback may fast-track India-US trade deal within two months says founder, GTRI
Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) said the election results could push Trump to focus more on trade negotiations and expedite the proposed agreement with India.
US tariffs squeeze Canadian cabinet makers facing doubling of Trump duty
As US tariffs on Canadian kitchen cabinets are set to double to 50%, the industry faces significant challenges. Companies like Cabico are considering relocating production to the US to mitigate costs. Many cabinet manufacturers have experienced reduced shipment volumes and workforce cuts due to tariffs. The Canadian government has proposed a provisional 25% surtax, but manufacturers want stronger measures.
Centre issues advisory to states to boost fodder production, livestock infra under VB-G RAM G
The Centre has issued an advisory to states and Union territories to improve fodder security and livestock infrastructure. This advisory promotes convergence under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission Act, 2025. It identifies 22 permissible works supporting fodder cultivation, livestock shelters, and veterinary health facilities. States are encouraged to increase expenditure on these works while aligning with local development priorities.
Explained: 5 reasons why Trump’s midterm election setback matters for Indian markets and economy
Donald Trump’s midterm election setback has triggered a global market rally, with Indian equities gaining sharply. Lower crude oil prices, a weaker dollar, potential FII inflows, reduced tariff risks and changing US interest rate expectations could reshape India's economic outlook. Here are five key ways the political shift could impact markets.
US midterm outcome offers limited relief to India; oil, Russia sanctions remain key risks: Report
The outcome of the US midterm elections is expected to offer only marginal relief to India. Crude oil prices and potential tariffs on Russian oil purchases will continue to present economic challenges. While a Democratic majority may enhance diplomatic engagement, immediate trade relief seems unlikely. The rupee and foreign portfolio investor inflows could see some positive impact.
Democrats' US midterm sweep may give India more room to negotiate a balanced trade deal with Trump
Democrats' takeover of both chambers of the US Congress could ease pressure on India in trade negotiations with the Trump administration, experts said. Greater Congressional scrutiny of tariffs may create opportunities for Indian exporters, although the existing 18% tariff is unlikely to change immediately and the bilateral trade agreement could face delays.
India takes calm view of US midterm results, sees bipartisan support anchoring ties
India is observing the results of the recent US midterm elections with a sense of calmness and stability. The Democrat victory is seen as a move to limit the influence of the Trump administration. India has maintained strong relations with both parties in Congress since 2000 through various sectors.
Maharashtra clears move to appoint directors in big cooperatives, Opposition cries foul over Gokul
The Maharashtra government has approved a proposal allowing it to appoint five directors to cooperatives with annual turnover exceeding Rs 500 crore, including Gokul Dairy. The move has triggered Opposition protests, with Congress alleging an attempt to override the mandate of elected board members and gain control of the Kolhapur-based cooperative.
US Democratic win unlikely to ease firms' cost, tariff woes in near term, executives say
Global businesses expect limited immediate changes following Democrats' takeover of the US Congress, as high energy and raw material costs, inflation and strained consumer spending continue to weigh on operations. While some executives welcomed prospects of political stability, companies remain uncertain about tariffs, AI regulation and trade policies, amid fears of Washington gridlock.
Trump's midterm setback may put India under pressure for quick trade deal on US terms: GTRI
Amid electoral challenges, US President Donald Trump is likely to ramp up pressure on India to seal a trade deal. This potential agreement would require India to decrease import tariffs on US goods while the US keeps its tariffs intact. Analysts caution that such an arrangement may breach WTO MFN principles, undermining India's trade credibility. Additionally, compromising energy security and development aspirations could have serious implications.
India has never allowed genetically modified products' import, won't do in future: Piyush Goyal
India continues to maintain a strict policy against the import of genetically modified products, as stated by Minister Piyush Goyal. He highlighted that the dairy sector remains particularly sensitive and has not been opened in trade agreements. Goyal emphasized India's commitment to protecting its agricultural and fisheries sectors while seeking preferential market access for textiles and pharmaceuticals.
India has never allowed import of GM products, will never open dairy sector: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasized India’s commitment to safeguarding its dairy sector from free trade agreement pressures. He reiterated the nation's opposition to imports of genetically modified products, considering them sensitive. Goyal mentioned efforts to unlock new employment opportunities and promote domestic agriculture for competitive exports.
India's renewable sector attracts investments worth $67 billion in last 2 years: Pralhad Joshi
The sector is growing at a fast pace in India and will play an important role in meeting the country's future power demand, the Minister for New and Renewable Energy (MNRE) said while addressing the Bharat Renewable Energy (BRE) Summit & Expo 2026 in the national capital.
Nitin Gadkari says Rs 100,000 crore coming to Nagpur: Rs 50,000 crore for one locality, a mega textile market & a new bus port
Nitin Gadkari has announced plans for projects worth Rs 1 lakh crore in Nagpur, including market redevelopment, a textile market, an agro convention centre and a private bus port. He also discussed Mother Dairy's upcoming Rs 1,000 crore plant, compressed biogas production and plans to boost shrimp exports from Vidarbha.
India-New Zealand FTA: Expanding India’s footprint in Oceania
More than a trade deal, the India-New Zealand FTA is a strategic gateway to new markets, fresh investment and stronger capabilities, positioning India to compete, connect, and grow across the Asia-Pacific.
Government notifies new airfare rules, allows intervention in extraordinary situations
The government has notified new rules allowing it to intervene in airline ticket prices in extraordinary situations and in the public interest, amid concerns over high airfares in the backdrop of elevated crude oil and Aviation Turbine Fuel (ATF) prices.
Karnataka milk price hike: Nandini rates revised from today, check new prices of milk and curd
Karnataka has introduced new pricing for Nandini milk and curd, causing a rise in expenses for consumers. The increase spans from Rs 8 to Rs 12 per litre across different milk varieties. This decision will be advantageous for an estimated 26.89 lakh dairy farmers, as the state has raised the procurement price for them. These developments follow conversations between the state government, milk unions, and farmers.
India's FTAs to open new export opportunities as country eyes $1 trillion milestone: IIFT VC
India's trade deficit is likely to persist as long as the country remains dependent on oil imports, although rising exports of value-added petroleum products are helping narrow the gap, K. Rangarajan, Vice-Chancellor of the Indian Institute of Foreign Trade (IIFT), said on Friday.
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