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India’s Modi dangles tax cuts as US tariffs loom
MUMBAI: Indian Prime Minister Narendra Modi’s push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.US President Donald Trump has threatened to double import duties on India from 25 to 50 percent to punish New Delhi for buying oil from Russia, saying the purchases help Moscow fund its invasion of Ukraine.The prospective measure has clouded the outlook for the world’s fifth-largest economy, with Indian exporters warning of plunging orders and severe job losses.New Delhi has
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scmp.com
Modi’s ‘double Diwali’: India bets on tax overhaul to blunt US tariff shock
The overhaul will cut the top GST rate from 28 to 18 per cent, making cars, air con units and fridges cheaper in a bid to boost consumption.
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arabnews.com
India’s Modi dangles tax cuts as US tariffs loom
MUMBAI: Indian Prime Minister Narendra Modi’s push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy…
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bbc.com
Donald Trump: PM Modi says make and spend in India as 50% tariffs kick in
With Trump's 50% tariffs about to kick in, Modi announced an overhaul of India's indirect tax system.