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India's agricultural exports could face significant challenges if the US implements uniform reciprocal tariffs, with shrimp, dairy, and processed foods potentially incurring duties of up to 38.2%, according to the Global Trade and Research Initiative (GTRI). The report highlights that sectors such as pharmaceuticals, diamonds, and electronics may also be affected, facing tariffs between 7.2% and 13.3%. To mitigate these impacts, GTRI recommends that India propose a 'zero-for-zero' tariff strategy, allowing for the elimination of tariffs on specific products without jeopardizing domestic industries. This strategy could be based on India's previous Free Trade Agreement (FTA) offers to Japan, Korea, and ASEAN. With US President Donald Trump expected to announce reciprocal tariffs in April, the report emphasizes the need for India to act swiftly to foster a more balanced trade relationship, noting that India's average tariff rate is significantly higher than that of the US. 
Published: Feb 21 2025, 8 pmeznews.inTesla is set to enter the Indian market, but a report by CLSA indicates that even with a reduction in import duties to 15-20%, the on-road price of its cheapest Model 3 will still be around ₹35-40 lakh (approximately $40,000). This pricing, which includes additional costs like road tax and insurance, positions Tesla's offering 20-50% higher than domestic electric vehicles (EVs) such as the Mahindra XEV 9e and Hyundai e-Creta, potentially limiting its market impact. Despite plans to launch in major cities like Delhi and Mumbai, the report suggests that Tesla's success hinges on establishing a local manufacturing facility to lower costs further. The Indian EV market remains less penetrated compared to regions like China and Europe, and consumer price sensitivity could pose challenges for Tesla, as evidenced by the performance of premium motorcycle brands in India.
Published: Feb 22 2025, 11 ameznews.inGovernments worldwide are increasingly supporting the adoption of solar energy in agriculture to address challenges such as rising energy costs, dwindling water resources, and climate change. Solar power offers a cost-effective and environmentally friendly alternative to traditional energy sources like diesel and grid electricity. Initiatives like India's Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) provide substantial subsidies for solar-powered irrigation systems, while the U.S. offers grants through the Rural Energy for America Program (REAP). Additionally, policy frameworks and tax incentives, such as the Investment Tax Credit in the U.S., facilitate solar adoption. Agrivoltaics, which combines solar energy production with agriculture, is gaining traction, supported by research funding in countries like Japan and Germany. Despite challenges like high upfront costs and limited financing, government interventions and public-private partnerships are crucial for fostering innovation and ensuring a sustainable agricultural future powered by solar energy.
Published: Feb 22 2025, 10 ameznews.inIndia's quick commerce sector is projected to grow at an extraordinary rate of 75-100% year-on-year, significantly outpacing traditional retail, which is expected to see growth in the low teens, according to a Bernstein report. This surge is attributed to quick commerce's advantages in proximity, pricing, and product selection, positioning it as a dominant force in the $250 billion grocery market across the top 40-50 cities. By 2025, quick commerce is anticipated to capture a substantial share of this market, with leading consumer goods companies increasingly recognizing it as a vital sales channel. Currently, quick commerce accounts for about half of all e-commerce sales, which represent 6.8% of total sales for major FMCG companies. Key players in this sector include Zomato, Big Basket, Zepto, Blinkit, and Swiggy Instamart, while traditional e-commerce giants like Amazon and Flipkart are also entering the quick commerce arena.
Published: Feb 22 2025, 10 ameznews.inUS President Donald Trump announced plans to impose reciprocal tariffs on countries like India and China, stating that the US will match the tariffs these nations levy on American goods. During a press conference, Trump emphasized the need for fairness in trade, noting that the US has not previously implemented such measures. He criticized India's high tariff rates, describing the country as a challenging environment for American businesses, particularly referencing the case of Harley-Davidson, which was compelled to establish manufacturing operations abroad due to steep import duties. Trump's comments came ahead of a bilateral meeting with Indian Prime Minister Narendra Modi, where he reiterated concerns about India's trade policies, asserting that they hinder business opportunities for American companies. The announcement reflects ongoing tensions in US-India trade relations, as Trump seeks to address perceived imbalances in tariffs.
Published: Feb 22 2025, 10 ameznews.inIn a recent address at the FICCI Media and Entertainment Business Conclave in Chennai, Tamil Nadu Deputy Chief Minister Udhayanidhi Stalin assured the film industry that he would consider requests for an exemption from the state entertainment tax. Veteran actor Kamal Haasan, who serves as Chief Mentor of the conclave, emphasized the need to reform the tax system, citing concerns over double taxation that could hinder independent filmmakers and smaller cinemas. Haasan argued that cinema should be accessible to emerging talent and called for support for the industry as a whole. In response, Stalin acknowledged the issue's significance and promised a thorough review, indicating that a positive announcement from the Chief Minister could be forthcoming. He also highlighted the government's recent decision to revise a land lease for a film industry housing project, reinforcing Tamil Nadu's commitment to becoming a global hub for various entertainment sectors.
Published: Feb 22 2025, 9 ameznews.inThe Telecom Regulatory Authority of India (TRAI) has proposed significant reforms to the broadcasting framework, advocating for a reduction in the authorisation fee for Direct-to-Home (DTH) operators from 8% to 3% of Adjusted Gross Revenue, with a goal of eliminating it entirely by the end of FY27. The recommendations, part of the new Service Authorisations framework under the Telecommunications Act 2023, include the introduction of interoperable set-top boxes, voluntary infrastructure sharing, and the removal of minimum network requirements for Internet Protocol TV providers. TRAI aims to streamline the authorisation process for various broadcasting services, including TV channels and community radio stations, while ensuring that existing licensees can transition to the new regime without incurring processing fees. The regulator emphasized that these changes are designed to foster growth and improve the ease of doing business in the broadcasting sector.
Published: Feb 22 2025, 9 ameznews.inIndia is at a pivotal moment in its energy landscape, with Compressed Biogas (CBG) emerging as a sustainable solution to meet rising energy demands. Derived from agricultural residues and organic waste, CBG promises energy security and environmental benefits. However, the sector faces significant challenges, including fragmented policies, unstable feedstock supply, revenue uncertainties, and a complex regulatory environment. To unlock CBG's potential, experts advocate for a comprehensive policy framework that streamlines regulations, ensures stable feedstock supply, and incentivizes investment through financial support and research funding. Such measures could bolster energy independence, promote environmental sustainability, and stimulate rural economies by providing farmers with new income streams. With the right policies, India could position itself as a global leader in bioenergy, driving innovation and attracting international collaboration. The call for action is clear: a robust roadmap is essential for realizing the full potential of CBG and fostering a greener future.
Published: Feb 22 2025, 9 ameznews.inIndia's cumin production for the 2024-25 season is projected to decline significantly, with estimates ranging between 65 and 90 lakh bags (55 kg each), down from 1.15 crore bags in 2023-24. This reduction is attributed to a 25% decrease in sowing area, adverse weather conditions, and pest infestations, particularly in key growing states like Gujarat and Rajasthan. Experts, including Yogesh Mehta of SpicExim, anticipate a normal crop size of 65 to 70 lakh bags, supplemented by carry-forward stocks of around 20 lakh bags, which should suffice for domestic and export needs. However, traders like Dinesh Soni warn that delayed sowing and weather issues could further impact yields, with some areas experiencing stunted growth and pest problems. The next few weeks are deemed critical for the crop's development, as only early-sown plants are currently in good condition.
Published: Feb 22 2025, 8 ameznews.inThe Indian Power Ministry is set to release a revised draft of the Electricity Amendment Bill within three months, following significant opposition protests that led to its referral to a Parliamentary Standing Committee after its introduction in August 2022. Power Secretary Pankaj Agarwal confirmed the timeline but did not specify when the new draft would be presented in Parliament. The bill aims to modernize India's power sector by allowing private companies into power distribution and enabling consumer choice among service providers. Critics argue that the amendments threaten state autonomy and promote privatization. Additionally, the government is exploring the public listing of certain distribution companies (Discoms) to improve their financial health, with a Group of Ministers tasked to address related issues expected to report by April 2025.
Published: Feb 21 2025, 9 pmeznews.inThe Bar Council of India (BCI) has vehemently opposed the Draft Advocates Amendment Bill, 2025, citing concerns over its potential to undermine the independence of the legal profession. In a letter to Union Law Minister Arjun Ram Meghwal, BCI Chairman Manan Kumar Mishra criticized the proposed transfer of regulatory powers over foreign law firms from the BCI to the Central Government, arguing it contradicts the A.K. Balaji judgment and disrupts established regulatory frameworks. Additionally, Mishra condemned Section 49B, which would allow the Centre to issue binding directives to the BCI, labeling it "unconstitutional" and a direct threat to the Council's autonomy. The BCI expressed alarm over unilateral changes made to the draft without consulting legal professionals, warning of impending protests if the contentious provisions are not amended. Legal observers anticipate escalating debates regarding the bill's implications for India's legal regulatory landscape.
Published: Feb 21 2025, 9 pm
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