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US President Donald Trump sticks to 25 per cent tariff on India.

 

1.US President Donald Trump sticks to 25 per cent tariff on India.-US President Donald Trump on Thursday signed a sweeping executive order imposing higher tariffs on several nations and the 27-member European Union, significantly escalating his administration’s global trade offensive. The order, titled "Further Modifying The Reciprocal Tariff Rates", is set to take effect from August 7, seven days after its issuance, with rates going up to 41%.India has been slapped with a 25 per cent "Reciprocal Tariff, Adjusted", one of the higher rates among key US trading partners.

https://timesofindia.indiatimes.com/business/international-business/trade-war-donald-trump-signs-executive-order-imposing-tariffs-up-to-41-what-to-know/articleshow/123031936.cms

2.India's Ambassador to the United States, Vinay Kwatra, on Thursday announced the opening of eight new Indian Consular Application Centres across the United States, aimed at expanding access to consular services for the Indian diaspora.

https://www.hindustantimes.com/india-news/india-expands-consular-services-with-8-new-centres-in-us-starting-august-1-101754011376024.html

3.According to a recent note by the International Monetary Fund (IMF) titled “Growing Retail Digital Payments: The Value of Interoperability,” India has emerged as the global leader in fast payments, largely driven by the success of the Unified Payments Interface (UPI). Launched in 2016 by the National Payments Corporation of India (NPCI), the UPI has changed how people send and receive money in the country.

https://indianexpress.com/article/india/upi-new-rules-from-august-1-all-you-need-to-know-10162121/

4.The food tourism market is experiencing significant growth, driven by an increasing interest in culinary experiences among travelers. As people seek more immersive and authentic experiences during their travels, food tourism has emerged as a vital component of the overall tourism industry. Travelers are not only looking for destinations that offer beautiful landscapes or historical landmarks but are also prioritizing local cuisines, cooking classes, and food festivals. This shift in consumer behavior is contributing to the market's dynamic evolution, where food is not merely a necessity but a focal point of travel experiences.

https://www.openpr.com/news/4126474/food-tourism-market-cagr-18-00-innovations-by-abercrombie

5.Jammu and Kashmir Chief Minister Omar Abdullah today extended a warm invitation to travellers from across the country to explore the unparalleled beauty, rich culture and warm hospitality of Jammu & Kashmir.He was speaking at the inaugural of the Travel & Tourism Fair (TTF) at the Mahatma Mandir Convention & Exhibition Centre at Gandhinagar, Gujarat.

https://www.dailyexcelsior.com/cm-omar-abdullah-inaugurates-travel-and-tourism-fair-ahmedabad/

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