India in massive reduction of taxes on small cars in line with PM Modi reforms, sending shares higher
Cars with higher engine capacity that currently attract 28 per cent GST and an additional levy of up to 22 per cent – resulting in total taxes of about 50 per cent – may come under a new special rate of 40 per cent, the source said.
Missed signals, lost deal: Hopes of India, US raising trade to $500b fade as talks collapse
Officials on both sides said a mix of political misjudgement, missed signals and bitterness broke down the deal between the world’s biggest and fifth-largest economies, whose bilateral trade is worth over $190 billion.
