Here are some of the top business news stories from India as of March 31, 2025:
Here are some of the top business news stories from India as of March 31, 2025: Trade and Economy India Proposes Tariff Reductions to Secure U.S. Trade Deal: India has offered to lower tariffs on various U.S. agricultural imports, including almonds, walnuts, cranberries, pistachios, and lentils. Additionally, the country is considering reducing import taxes on U.S. liquefied natural gas (LNG). These measures aim to finalize a trade agreement with the United States and mitigate potential reciprocal taxes. India Abolishes 'Google Tax' Amid U.S. Tariff Concerns: In an effort to ease trade tensions with the United States, India has repealed the 6% "Google tax" on online advertisements. This tax, introduced in 2016, targeted foreign tech companies operating without a physical presence in India. The removal is intended to facilitate smoother trade negotiations and prevent impending U.S. tariffs that cou...