domestic production

Trump’s 25% auto tariff: Should mutual fund investors with exposure in auto funds be worried?

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Trump’s 25% auto tariff: Should mutual fund investors with exposure in auto funds be worried?

President Donald Trump’s proposed 25% tariff on auto imports has ignited discussions among investors and analysts, particularly concerning its potential impact on mutual funds with significant holdings in automotive stocks. This tariff, aimed at bolstering domestic automotive manufacturing, could lead to increased costs for auto manufacturers. Consequently, the profitability and stock prices of companies within … Read more

Centre to tweak subsidy policy to promote local production of P&K fertiliser

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Centre to tweak subsidy policy to promote local production of P&K fertiliser

The government on Saturday decided to make changes to the existing nutrient based subsidy (NBS) policy to promote domestic production of phosphatic and potassic (P&K) fertilisers amid a sharp rise in global prices. A decision in this regard was taken in a high-level meeting chaired by Union Minister for Chemicals and Fertilizers Mansukh Mandaviya. In … Read more

Commerce ministry shares list of 102 items to ministries for enhancing domestic capacity to cut imports

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Commerce ministry shares list of 102 items to ministries for enhancing domestic capacity to cut imports

The commerce ministry has shared a list of as many as 102 products whose imports are high and are increasing consistently – such as coking coal, certain machinery, some chemicals, and digital cameras – to different ministries to look at ways for enhancing their domestic capacity with an aim to reduce imports, an official said. … Read more