Delhi’s cheap electricity was never truly cheap. It was deferred. For years, power tariffs remained largely unchanged even as the real cost of generating, transmitting, and distributing electricity steadily increased.
Fresh US data shows a narrowing trade gap under new policies, but India continues to rank among the largest contributors to America’s goods trade deficit.
Amid concerns over a proposed hike in power tariffs, the Uttarakhand Electricity Regulatory Commission (UERC) has declined the proposal of the state power department, bringing relief to consumers.
The United States is once again reminding the world that its trade policy can turn on a dime ~ and that reminder matters far beyond Washington. When President Donald Trump signals that countries which “play games” with trade commitments will face steeper penalties, he is not merely posturing for a domestic audience.
"We are studying all these developments for their implications," the Union Ministry of Commerce & Industry said in a statement.
In a possible reprieve for India, a federal appeals court has struck down the reciprocal tariffs imposed by US President Donald Trump, ruling he did not have the extensive powers to set them.
India's export economy is facing its most severe disruption in decades. The sudden imposition of steep tariffs by the United States ~ 50 per cent on a wide range of Indian goods, with additional penalties linked to oil and defence imports ~ has left factories silent, inventories unsold, and millions of livelihoods hanging in the balance.
Reacting to the steep tariff hikes imposed by the US on Indian imports, Aam Aadmi Party (AAP) National Convenor Arvind Kejriwal on Thursday demanded that India should impose 100 per cent tariffs on US goods in retaliation to Washington’s move.
The American leader has claimed that the move is aimed at punishing India for its purchases of discounted Russian oil.
Donald Trump’s 50% tariffs on Indian goods take effect today after two rounds of hikes earlier this month. The move, tied to India’s Russian oil purchases, sparks a tariff standoff as reports suggest PM Modi ignored multiple calls from Trump.
