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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

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