Skip to main content

2.United States President Donald Trump has agreed to slash US tariffs on Indian goods...

 1.Asia-Pacific markets rose Tuesday after U.S. President Donald Trump said Washington and India had struck a trade deal and would immediately begin cutting tariffs on each other's goods.Trump added that Indian Prime Minister Narendra Modi had agreed to step up purchases of U.S. products, according to a Truth Social post on Monday following a call between the two leaders.

https://www.cnbc.com/amp/2026/02/03/asia-pacific-markets-nifty-50-kospi-nikkei-225-india-trade-deal.html

2.United States President Donald Trump has agreed to slash US tariffs on Indian goods to 18 percent from 50 percent in exchange for India lowering trade barriers as well as stopping its purchases of Russian oil and buying oil instead from the US and potentially Venezuela.

https://www.aljazeera.com/amp/economy/2026/2/2/trump-to-slash-us-tariffs-on-india-from-50-percent-to-18-percent

3.Finance Minister Nirmala Sitharaman on Sunday announced a reduction in the rate of tax collected at source (TCS) from 5% (or 20% ) to 2% for various purposes, including foreign education, medical expenses and overseas tour programmes.TCS mean?When you remit money overseas for travel, treatment, or education, you need to convert Indian rupees into foreign currency. Under the Reserve Bank of India's LRS (Liberalised Remittance Scheme), resident Indians can transfer up to $250,000 in a financial year.

https://www.livemint.com/money/personal-finance/budget-2026-tcs-slashed-to-2-per-cent-how-will-it-impact-the-taxpayers-explained/amp-11769947456565.html

4.Even though the Budget indicates that alcohol could get costlier for Indians, there may be some respite from the recently finalised India-European Union (EU) deal. According to the EU, tariffs on 96.6 per cent of its exports will be slashed by reduced or eliminated by India as part of the free trade pact.Wine, beer and some other spirits imported from Europe are among items that will likely see a price reduction in India due to the tariff cut. Other items include kiwis and pears, fruit juices and non-alcoholic beer and processed food.

https://www.hindustantimes.com/india-news/what-gets-cheaper-and-costlier-budget-2026-full-list-of-items-101769939329453.html

5.As the Union Budget 2026 unfolds, the travel and hospitality industry is reading between the lines to understand what the announcements truly mean on the ground. From infrastructure and connectivity to skilling, sustainability, and experiential tourism, the Budget has sparked thoughtful reactions across the sector.

https://www.hotelierindia.com/operations/budget-2026-big-push-for-tourism-and-hospitality-but-key-gaps-remain

Comments

Post a Comment

Popular posts from this blog

400 international job-seekers duped of crores, three frauds held.

400 international job-seekers duped of crores, three frauds held More than 400 job-seekers were duped of crores of rupees by fraud recruitment agents based in Bhayander East who promised the aspirants in securing well-paid jobs in South Africa and Middle Eastern countries. The police arrested the three agents on Saturday, identified as Sahil Shaikh, Nasarullah Ahmed Shaikh and Suruchi Madmera, after some of the victims gathered outside their agency— Eagle Placement Services — after they realised, they had been cheated. https://www.hindustantimes.com/cities/mumbai-news/400-international-job-seekers-duped-of-crores-three-frauds-held-101714331119373.html  
Post a Comment
Read more

1.U.S. President Donald Trump on Thursday (January 22, 2026) inaugurated his Board of Peace...

 1.U.S. President Donald Trump on Thursday (January 22, 2026) inaugurated his Board of Peace to lead efforts at maintaining a ceasefirre in Israel’s war with Hamas, insisting that “everyone wants to be apart” of the body that could eventually rival the United Nations — despite many U.S. allies opting not to participate.India was among the countries not present at the ceremony. Prime Minister Narendra Modi was among numerous global leaders invited by Mr. Trump to join the board.- https://www.thehindu.com/news/international/india-absent-trump-rolls-out-board-of-peace-19-countries-israel-palestine-hamas/article70539432.ece/amp/J 2.India and the European Union agreed on Wednesday (January 21, 2026) to sign a new Security and Defence Partnership covering maritime security, cybersecurity and counterterrorism, the E.U.’s highest ranking diplomat Kaja Kallas announced. https://www.thehindu.com/news/international/india-eu-agree-to-sign-security-and-defence-partnership-next-week-kaja-kallas/...
Post a Comment
Read more

1.The US Citizenship and Immigration Services has announced the opening of the initial registration period...

 1.The US Citizenship and Immigration Services has announced the opening of the initial registration period for the fiscal year 2027 H-1B visa cap. The window will open at noon Eastern on March 4 and close at noon Eastern on March 19, 2026. Employers must register beneficiaries online and pay a $215 fee for each entry. Selection notices are expected by March 31, 2026. https://m.economictimes.com/nri/work/h-1b-fy27-visa-registration-begins-march-4-with-new-rules-100000-fee-for-select-employers/amp_articleshow/127832419.cms 2.Income Tax Changes: Expectations were sky-high from Budget 2026 when it came to income tax slabs, standard deduction, and relief under the new tax regime. Many salaried taxpayers and middle-class families were hoping for tweaks in tax rates or fresh deductions under both the old tax regime and new tax regime. However, Finance Minister Nirmala Sitharaman chose a different route. https://www.financialexpress.com/money/10-big-income-tax-changes-in-budget-new-itr-fi...
Post a Comment
Read more