The difference in the product prices between the United States and India can be seen in various categories such as electronics, fashion brands, fuel, groceries, and home appliances. However, the difference in the product prices is due to various factors such as taxes and import duty. In this article, five categories have been identified in…
NEW DELHI: The country’s anti-obesity market is headed for a pricing shake-up, with a clutch of pharma companies readying plans to launch affordable versions of the blockbuster weight-loss medicines Wegovy and Ozempic. This follows the expiry of the patent of semaglutide, the key ingredient in these injectable medications, on March 20, clearing the entry of…
NEW DELHI: India will eliminate or reduce tariffs on a wide range of US food and agricultural products, a move that is expected to make several American imports cheaper for Indian consumers, according to a joint statement released by India and the United States on Saturday announcing the framework for an interim trade agreement.Products that…
Removal Of Basic Customs Duty Of 5-11% To Lower Prices Of 17 Expensive Treatments Prices of 17 expensive cancer medicines, including Ribociclib and Venetoclax, and of seven rare disease drugs, like primary hyperoxaluria and cystinosis, are expected to dip after removal of basic customs duty in the Budget. This would lead to lowering of landed…
NEW DELHI: Union finance minister Nirmala Sitharaman presented the Union Budget 2026-27 on Sunday amid rising global uncertainty regarding tariffs from the United States.The Budget proposals draw a clear line between items that may turn cheaper for consumers and sectors that could feel the pinch. On the relief side, the government has moved to lower…
As the weekend approaches, cinema lovers and industry insiders are abuzz with anticipation for Sunday’s budget meeting. There’s a hopeful sentiment in the air, as many are looking for further relief on ticket prices. Although GST 2.0 brought some much-needed reductions, the soaring ticket costs still linger under older tax categories. Sunday’s budget session has…
Imported European wines, whiskies and beers are set to become significantly cheaper in India following the conclusion of a “historic” free trade agreement (FTA) between India and the European Union, described by leaders of both India and EU as the “mother of all deals”.Under the pact unveiled, India will sharply reduce some of the import…
India-EU FTA concluded: In a landmark development, India and the European Union on Tuesday finalised what is being called the ‘mother of all’ trade deals. President of the European Commission, Ursula Von Der Leyen took to X (formerly Twitter) to share that: Europe and India are making history today.In the presence of PM Narendra Modi,…
US President Donald Trump speaks during an event on prescription drug prices in the Roosevelt Room of the White House in Washington (Picture credit: AP) US President Donald Trump on Friday announced agreements with nine major pharmaceutical companies to lower prescription drug prices in the United States, marking a significant push to align domestic costs…
After the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points last week, several major banks have moved to pass on the benefit to borrowers. Latest addition to the wave is the State Bank of India (SBI), which announced cuts across its lending rate benchmarks, in a move aimed at easing…