‘Examining impact’: India’s first response to 100% pharma tariffs by US; concerned ministries ‘monitoring matter’

Randhir Jaiswal (File photo) NEW DELHI: India on Friday issued its first official response to reports that US President Donald Trump announcing imposition of tariffs of up to 100 per cent on imports of branded and patented pharmaceutical drugs from October 1.During the weekly briefing, MEA’s official spokesperson Randhir Jaiswal said, “We saw a notice…

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Lollapalooza effect! India’s consumption spending set to soar: Policy trifecta of GST, tax, and rate cuts to fuel Rs 3 lakh crore surge

India is poised for a significant boost in consumer spending as GST rate reductions come into effect from Navratri, alongside income tax relief and lower interest rates from the RBI.Analysts are calling this a “Lollapalooza effect”, a rare policy combination expected to create a multiplier impact across consumption-linked sectors, influence spending habits, and generate opportunities…

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