Categories: BUSINESS

US tariff shield: Export promotion mission heads to Cabinet, Rs 25,000 crore support on table

The Indian government’s Export Promotion Mission, aimed at protecting exporters from global trade shocks, is nearing Union Cabinet approval after inter-ministerial consultations. Announced in the Union Budget, the scheme proposes roughly Rs 25,000 crore in support measures for exporters over six financial years (2025-2031). This initiative could buffer Indian exporters against uncertainties like the recent US tariff hike.
Sumitra

Recent Posts

Online money gaming crackdown: Government proposes to make breaches non-bailable; warrantless searches allowed in draft rules

New draft regulations classify breaches of online money gaming protocols as non-bailable violations, extending accountability…

11 hours ago

‘Being dealt with utmost seriousness’: Revenue department to probe Wintrack’s Chennai customs ‘corruption’ claims; senior officer deputed

The Finance Ministry said on Thursday that the Department of Revenue (DoR) has been asked…

11 hours ago

Aging population : CEA Nageswaran urges long-term savings for India’s elderly; warns of demographic shift

Chief Economic Advisor V Anantha Nageswaran underscored the critical need for long-term savings to ensure…

1 day ago

US job data: Private sector sheds 32,000 jobs in September; ADP report shows slowdown despite wage growth

The US private sector unexpectedly shed 32,000 jobs in September, according to ADP, defying analysts’…

1 day ago

Donald Trump announces Pfizer price cuts for Medicaid; $70 billion US investment promised; stock jumps 5%

Pfizer agreed to lower prescription drug costs for Medicaid and invest $70 billion in US…

2 days ago