tariff reductions

Canadian tourism to the US has plummeted by an average of 42%, significantly impacting major cities and industry-linked mid-sized towns. This sharp decline, attributed to President Trump's trade war, also affects business travel, with fewer tech and finance employees journeying for work. The future of cross-border travel recovery remains uncertain under current trade conditions.

As India opens its markets through FTAs, domestic cost structures, especially those linked to GST credit accumulation, become even more critical to ensure a level playing field.

Eating out is set to become significantly more expensive as commercial LPG prices have surged by nearly Rs 1,000 per cylinder. Bengaluru hoteliers are compelled to hike menu prices by approximately 10% due to this steep increase, which follows two previous hikes in recent months. This development poses a considerable challenge to the hospitality sector.

India and New Zealand have signed a 'once-in-a-generation' trade pact, granting Indian exporters duty-free access to New Zealand. The agreement aims to double bilateral trade to $5 billion in five years and includes a $20 billion investment commitment from New Zealand. Both nations are optimistic about the pact's potential to boost economic growth and cooperation across various sectors.

India and New Zealand are set to sign a Free Trade Agreement on April 27, aiming to boost bilateral trade to $5 billion within five years. The pact will offer duty-free access for many Indian exports, benefiting sectors like Agra's leather industry. New Zealand gains tariff reductions on key products, while India protects sensitive agricultural goods.

Washington isn’t interested in being a guarantor of anything, including energy supplies. New Delhi’s strategic response must centre around the one energy source it has in abundance

Tech layoffs in 2026 have already surpassed 92,000 jobs across 98 companies, making it the worst year for tech employment since the post-pandemic bust. Meta, Amazon, Microsoft, Snap, Oracle, and Block are among the biggest names cutting staff, with AI infrastructure spending cited as the primary driver. But beneath the efficiency narrative lies a more complicated story—one of overhiring, debt, and a workforce reckoning that's far from over.

Aviation ministry is providing relief to airlines. Major airports will cut landing and parking charges for domestic flights by 25 percent. This reduction is for three months. The move aims to ease financial pressure on airlines. It comes amid rising fuel costs and airspace restrictions. This decision is effective immediately.

India's nuclear ambitions have reached a pivotal stage with the Prototype Fast Breeder Reactor achieving criticality, marking a significant step in its three-stage nuclear program. This advancement positions India as a leader in advanced nuclear technology, bolstering its drive for energy self-reliance and security amidst a rapidly expanding power sector.

India’s balanced geopolitical approach has helped mitigate risks. Strong relationships across key global blocs have enabled continued access to energy and trade routes, positioning India relatively well in a fragmented global environment.

Amidst the Iran war, President Trump launched a lunar mission, declared dominance, and vowed to escalate conflict. He also proposed a massive Pentagon budget, citing war as a reason to cut domestic programs. Simultaneously, he challenged birthright citizenship and faced judicial scrutiny over his executive orders and a proposed ballroom project, while artists offered satirical commentary on his actions.

Discoms Project Loss Of ₹4.4k Cr; Public Hearings, Wide Consultations On Tariff Held

Starting April 1, residents of Jharkhand will face a 6.12% increase in power tariffs. Urban domestic consumers will see their rates jump by Rs 0.55 to Rs 7.4, while rural areas will experience a rise of Rs 0.5, reaching Rs 7.2.