"Trump says India duties a 'huge blow' to Russia, keeps China tariffs paused"About 55% of India's total merchandise exports to the US will be subject to 25% reciprocal tariff, minister of state (MoS) for finance ministry Pankaj Chaudhary has said. In a written reply to a question in the Lok Sabha, Chaudhary said the government attaches utmost importance to protecting and promoting welfare of farmers, entrepreneurs, exporters, MSMEs, and will take all necessary steps to secure our national interest. Earlier, Union minister Rajnath Singh took a veiled jibe at United States President Donald Trump on Sunday over the country's steep 50% tariffs on Indian goods. “There are some people who are jealous of India’s rapid development. They think, ‘we are the boss of all.’ They cannot accept how quickly India is moving ahead,” the defence minister said at an event in Madhya Pradesh. He added that efforts were being made to make Indian-made products more expensive in global markets so they lose their competitiveness.The United States has imposed punishing 50 per cent tariffs on Indian goods, half of which are ‘punishment’ for purchasing oil from Russia. The move comes as the US seeks to pressure Russia into stopping the war in Ukraine.After the announcement of tariffs last week, US President Trump on Thursday ruled out the possibility of trade talks with India until the issue of tariffs is resolved. When asked by a reporter whether he expects increased trade negotiations with India after announcing 50% tariffs, Trump replied, “No, not until we get it resolved.”Meanwhile, India is considering to announce tariffs countering the United States' punishing 50 per cent tariffs on steel, aluminium and their derivatives from India that it imposed in June with , according to people aware of the matter.US tariffs on India | Key pointsThe United States imposed 25 per cent tariffs on India before its August 1 deadline kicked in, followed by additional 25 per cent tariffs that it announced on August 6 as punishment for buying Russian oil, taking the total tariffs on India to 50 per cent.While the initial 25 per cent tariffs came into effect on August 7, the remaining 25 per cent will come into effect by August 27.India has called US' move to slap such steep tariffs for doing trade with Russia as “unfair, unjustified, unreasonable”.The US' move to slap India with penalty for buying oil from Russia is also a way for it to push Russia to end the war in Ukraine.United States President Donald Trump will meet his Russian counterpart Vladimir Putin on August 15 in Alaska. The announcement of the meeting came after after Trump on Friday claimed that “we're getting very close” to a peace deal.“The highly anticipated meeting between myself, as President of the United States of America, and President Vladimir Putin, of Russia, will take place next Friday, August 15, 2025, in the Great State of Alaska,” Trump said in a post on Truth Social.Amid US tariff row, Prime Minister Narendra Modi held a phone conversation with Russian President Vladimir Putin on Friday and discussed a range of issues."read more:- Maharashtra's cotton production in trouble: two major reasons
This time in Maharashtra, cotton farming has two big villains, huge decrease in productionLast year also, cotton production had declined and its prices had also fallen sharply. Farmers have not been able to get good prices for cotton for the last two years. Last year, cotton crop could be sold only for 6 to 7 thousand rupees per hectare. Whereas usually it is sold for 10 thousand rupees. Due to this, farmers have turned away from it this time.This time, good rains were recorded in Maharashtra in the month of May itself and in such a situation, it was expected that the cotton acreage would be more this time than every time. But this did not happen and this time a significant decline has been recorded in the cotton acreage in the state. After May, the lack of rain for about 25 days in the months of June and July has affected it. According to a report, the area under cotton cultivation in Ahilyanagar, Maharashtra has come down from 4 lakh 29 thousand hectares last year to 2 lakh 53 thousand hectares this time. It is clear that there has been a decline of about 50 percent.In Kolhapur, farming has completely disappearedCotton farming is done in 21 districts of Maharashtra. Apart from Latur, only in Washim, Yavatmal, Nagpur, Nagpur, Chandrapur, Gadchiroli, the cotton cultivation figure has increased a bit compared to last year. Whereas in all other districts it is less than the average. In Kolhapur, farmers have not sown cotton this time. Apart from this, cotton farming has not been done in Konkan as well. At the same time, farming has been very less this time in Sangli, Satara, Dharashiv, Bhandara and Gondia districts.These 2 reasons had an impactLast year also, there was a decline in the production of cotton and its prices also fell sharply. Farmers have not been able to get good prices for cotton for the last two years. Last year, cotton crop could be sold only for 6 to 7 thousand rupees per hectare. Whereas usually it is sold for 10 thousand rupees. Due to this, farmers have turned away from it this time. They say that they grow cotton with great hard work and if they do not get good prices for it then what is the use. This year, rain has also had an impact. At the time when seeds were to be sown, it did not rain and this also affected the farming.This time cotton is behindThe average area of Kharif in the state is 144 lakh 36 thousand 54 hectares. So far, sowing has been completed in 137 lakh 59 thousand 761 hectares. Cotton is an important crop for the state. Its average area is 42 lakh 47 thousand 212 hectares. So far this year, cotton sowing has been done on 38 lakh 17 thousand 221 hectares. During the same period last year, its sowing was completed in more than 40 lakh 70 thousand hectares of area.read more:- Rupee Ends Flat at 87.70/USD
The Indian rupee closed stable at 87.70 per dollar on tuesday, while it had opened at 87.70 in the morning.At close, the Sensex was down 368.49 points or 0.46 percent at 80,235.59, and the Nifty was down 97.65 points or 0.40 percent at 24,487.40. About 1994 shares advanced, 1889 shares declined, and 157 shares unchanged.read more :- Sowing of paddy is fast, cotton-oilseed is slow
Kharif paddy sowing rises; cotton, oilseed sowing downKharif paddy sowing rises 12% to 365 lakh hectares. Cotton, oilseed acreage down. Monsoon forecast better than normal. Read more!According to government data, paddy sowing has risen 12 per cent to 364.80 lakh hectares so far this Kharif season.Paddy, the main crop of the Kharif (summer) season, was sown in 325.36 lakh hectares in the same period last year.The agriculture department has released the progress of acreage under Kharif crops till August 8, 2025.The total sown area of all Kharif crops rose to 995.63 lakh hectares till August 8 from 957.15 lakh hectares a year ago, an official statement issued on Monday said.The area under pulses rose marginally to 106.68 lakh hectares from 106.52 lakh hectares, while the area under coarse cereals rose to 178.73 lakh hectares from 170.96 lakh hectares.In the non-foodgrain category, area under oilseeds declined to 175.61 lakh hectares from 182.43 lakh hectares.Area under cotton declined to 106.96 lakh hectares from 110.49 lakh hectares.However, sugarcane sowing has increased marginally to 57.31 lakh hectares so far as against 55.68 lakh hectares during the same period last year.The India Meteorological Department has forecast the overall monsoon to be better than normal this year.read more:- Cotton crop submerged, Haryana farmers worried
Waterlogging hits crop hard in Haryana’s cotton beltThe Hisar-Sirsa-Fatehabad-Bhiwani region is known as the ‘cotton belt’ of the state. However, repeated crop failures in recent years due to pest attacks — including those by whitefly and pink bollworm — have dealt a major blow to farmers, leading to a gradual decline in the cotton-growing area. As a result, the area under paddy cultivation hasThis season saw negligible pest attacks on cotton. Yet, the misfortune of farmers continues.Waterlogging in several parts of these districts has caused the wilting of cotton plants due to prolonged inundation — resulting in crop failure. According to Agriculture Department data, in Hisar alone, about 40,000 acres of cotton has been damaged due to flooding after the rains, up to August 2.Additional rainfall and overflowing drains have worsened the situation, causing more crop losses. The department’s report states that the Agroha, Adampur, Hisar-1, and Bass blocks have suffered the most damage.In Bhiwani district, 38,000-acre cotton is under threat due to rainwater inundation. Out of the district’s total cotton area of 1,13,265 acres, 5,400 acres has already suffered 75-100 per cent damage, while the rest of the inundated area is also said to have suffered major losses. Agriculture experts say cotton cannot survive more than two days of waterlogging, making it unlikely for the flooded crop to recover.Deputy Director (Agriculture), Hisar, Dr Rajbir Singh said the Irrigation Department was working overtime to drain out standing water from the fields.Cotton farmers facing crop failure could opt for late paddy sowing in their fields, he added.Sirsa district has incurred comparatively lesser damage to the crop, as most damage has been done in Nathusari Chopta region — where 2,600 acres of crop has been damaged.The district has total cotton area of 1,47,000 hectares. In Fatehabad district, which has over 80,000 acres of area under cotton, about 2,500 acres has suffered losses due to inundation.Vinod Kumar, a farmer from Shakkar Mandori village in Sirsa district, said he had planted cotton on eight of the ten acres of farmland he owns.Unfortunately, due to heavy rain and waterlogging, his entire cotton crop has been destroyed.He said he had spent around Rs 10,000-15,000 per acre on the crop (not counting the labour done by his family).Now, he has attempted to grow paddy on 4 acres; however, water has been standing in his fields for many days, turning them into swamps.As a result, his tractor and rotavator got stuck in the mud while trying to sow paddy.The tractor was pulled out — albeit with great difficulty — but the rotavator is still stuck in the field.“I don’t know what will happen next. I’ve used up all my savings,” he said, urging the government to provide compensation for his losses.read more:- Andhra textile industry expected to face US tariff impact.
US duty impacts Andhra textilesBeginning 27th August, Indian exporters must choose whether to continue exporting to the US in spite of the high tariff or to halt exports and search for other markets abroad. The US administration, led by President Donald Trump, has imposed a 50% tariff on textiles being imported from India. However, it will take time to build other export markets.AP Textiles Mills Association vice president Sadineni Koteswara Rao stated that, after agriculture, the textile industry is the largest source of employment. He noted that the sector is expected to face a significant impact due to the US tariffs and emphasised the need for the Andhra Pradesh Government to step in with support measures. These, he suggested, should include providing captive power and clearing arrears to help keep the industry viable in the state.Andhra Pradesh’s textile sector is reeling under uncertainty, with 30–35 of the state’s 100-plus spinning mills already shutting down. The primary cause is the steep rise in power tariffs which now account for nearly 53% of production costs, pushing many units to the brink of closure.Industry stakeholders are urging the State Government to restore the power tariff policy that was in force between 2015 and 2020. They are also seeking permission to establish captive power plants, particularly in upland districts such as Kurnool and Anantapur in the Rayalaseema region, enabling them to generate their own electricity and channel surplus power to the state grid.In addition, stakeholders are pressing for the release of pending incentives — including power subsidies, bank loan interest subsidies, and capital subsidies — amounting to Rs. 11,000 crore (US $ 1.25 billion). They believe this support is critical to restoring viability to the sector.These concerns were presented to Chief Minister N. Chandrababu Naidu around four months ago, prompting him to instruct the Chief Secretary to form a committee to study the matter. However, the committee has yet to hold discussions with industry representatives.read more:- Rupee falls 05 paise at open to 87.70 against US dollar
Indian rupee opens 5 paise lower at 87.70 against US dollar on China tariff truce extensionThe local currency opened at 87.70 against the US dollar, as compared to 87.65 against the greenback at previous close.read more :- Rupee fell 13 paise to close at 87.65
The Indian rupee on monday lower 13 paise to close at 87.65 per dollar, while it opened at 87.52 in the morning.At close, the Sensex was up 746.29 points or 0.93 percent at 80,604.08, and the Nifty was up 221.75 points or 0.91 percent at 24,585.05. About 2136 shares advanced, 1867 shares declined, and 161 shares unchanged.read more :- Rupee opens 14 paise down at 87.52
Rupee opens 14 paise down at 87.52The Indian rupee is trading 14 paise down at 87.52 per dollar, while the previous close price was 87.66 per dolread read more:- "Start Timely Procurement of Cotton in the Interest of Farmers; High Court Warns Corporation"
Start cotton procurement on time: High Court warnsTo prevent the economic losses farmers face due to delays in cotton procurement, the Nagpur Bench of the Bombay High Court has ordered the Cotton Corporation of India to provide a guarantee letter within two weeks.The court issued clear instructions to open procurement centers on time—regardless of whether farmers bring cotton for sale or not—and emphasized that procurement should begin before Diwali, with pending payments made within seven days.To safeguard the interests of cotton-growing farmers, the Nagpur Bench of the Bombay High Court has issued a stern warning to the Cotton Corporation of India to ensure timely opening of procurement centers.The court noted that delays in procurement benefit private traders while causing losses to farmers.Ordering that cotton procurement centers be opened on time, the court stated that protecting the interests of cotton farmers is the "primary duty" of the Cotton Corporation of India.The court directed that centers must open on schedule, regardless of whether farmers bring cotton to sell.The bench, comprising Justice Anil Kilor and Justice Trishali Joshi, was hearing a Public Interest Litigation (PIL) filed by Shriram Satpute, District Coordinator (Rural) of the Grahak Panchayat.The petition demanded that cotton procurement start before Diwali and that the outstanding amounts be deposited in farmers’ bank accounts within seven days.read more :- CCI Hikes Cotton Prices; Sells 70% of 2024–25 Procurement via E-Bidding.
CCI Boosts Cotton Prices, sold 71% of 2024–25 Procurement via E-BiddingThe Cotton Corporation of India (CCI) conducted online bidding for cotton bales throughout the week, with significant trading activity observed across both the Mills and Traders sessions. Over the course of five days, CCI prices are unchanged.As of now, CCI has sold approximately 71,47,600 cotton bales for the 2024–25 season, representing 71.47% of its total procurement for the season.Date wise weekly Sales Summary :04 August 2025 :Sales amounted to 3,000 bales, all from the 2024–25 season.Mills session: 1,000 balesTraders session: 2,000 bales05 August 2025 :A total of 5,500 bales were sold from the 2024–25 season.Mills session : 2,200 balesTraders session : 3,300 bales06 August 2025 :The highest daily sales of the week were recorded on this day, with 5,600 bales sold from the 2024–25 season.Mills session : 1,200 balesTraders session : 4,400 bales07 August 2025 :A total of 1,300 bales were sold from the 2024–25 season.Mills session : 500 balesTraders session : 800 bales08 August 2025 :The week concluded with sales of 4,500 bales.Mills session: 1,300 balesTraders session: 3,200 balesWeekly Total:CCI achieved total sales of approximately 19,900 bales for the week, underscoring its strong market engagement and the growing efficiency of its digital transaction platform.read more :- Rupee fell 10 paise to close at 87.66 against dollar
The Indian rupee on friday lower 10 paise to close at 87.66 per dollar, while it opened at 87.56 in the morning.At close, the Sensex was down 765.47 points or 0.95 percent at 79,857.79, and the Nifty was down 232.85 points or 0.95 percent at 24,363.30. About 1494 shares advanced, 2380 shares declined, and 137 shares unchanged.read more :- Duty-free access to US cotton, agri items’ quota likely on talks table
Talks possible on duty-free access to American cotton and agricultural quotaWhile some sectors have proposed incentives to accommodate US products, industry sources said the recent escalation in tension between New Delhi and Washington — due to additional tariffs over the Russian oil trade — is turning popular sentiment against a trade deal.Duty-free market access to US cotton, accepting agricultural items under limited quotas — these are among the possible concessions that the industry has suggested ahead of the crucial round of negotiations later this month when the US team is expected to arrive in India, The has learnt.Earlier this month, Commerce Minister Piyush Goyal had sought suggestions from industry executives on ways to sweeten the trade deal with the US.While some sectors have proposed incentives to accommodate US products, industry sources said the recent escalation in tension between New Delhi and Washington — due to additional tariffs over the Russian oil trade — is turning popular sentiment against a trade deal.Importing duty-free US cotton is one of the areas being suggested to the government, which would also benefit domestic manufacturing amid declining cotton production in the country. Notably, Bangladesh, which has signed a deal with the US, had also offered a similar concession. The US market accounts for nearly 30 per cent of India’s total apparel exports.A government official said that quotas for American agricultural items have also been considered, but these do not include genetically modified (GM) products. There is significant resistance to GM crops in India, and only one GM crop — Bt cotton — is approved for cultivation. However, no GM food crop is commercially grown in India.Meanwhile, following the steep tariff announced by the US, the industry has sought immediate relief — like expansion of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to more sectors, and the Interest Subvention Scheme (ISS) for Micro, Small and Medium Enterprises (MSMEs).An exporter who did not want to be named said that established brands are not cancelling orders, but have begun putting them on hold, pending the outcome of negotiations slated for later this month.“Everybody [US importers] is saying, give us at least three weeks to revert — so, till the US negotiators reach India by August 25, and then maybe some relief could come. Indian exporters can absorb five to seven per cent tariff. Pharma has margins, so the challenge is less there. But in most other areas, margins are low. Other items — say proprietary items like what Apple produces — can withstand the pressure, but footwear and textiles have little margin and the competition is intense,” the exporter said.Another exporter said that higher tariffs could increase exports during the 21-day window. However, if the 50 per cent duty comes into effect, Indian goods will be worse off as compared to China, Bangladesh, Vietnam and most of the other competitors.An executive operating in the gems and jewellery sector said the industry has sought support from the government on the lines of the intervention during Covid, as concerns over imports of rough diamonds still remain and Indian goods may not remain competitive in the US market after 25 per cent tariffs.Meanwhile, India has already stepped up its oil imports from the US, with imports jumping over 270 per cent year-on-year in the first four months of 2025. According to data released by the Directorate General of Commercial Intelligence and Statistics (DGCIS), India imported 6.31 million tonnes of US crude in January–April, a sharp increase from 1.69 million tonnes in the same period last year.read more:- Textile industry worried about US tariffs
Rupee opens 14 paise up at 87.56 as dollar index easesThe currency opened at 87.56 against the dollar after ending the previous day at 87.70.read more :- Textile industry worried about US tariffs
Indian textile industry raises alarm over additional US tariff of 25%The Confederation of Indian Textile Industry (CITI) has expressed serious concern over the potentially damaging effects of the recently announced effective 50% tariff rate imposed by the US on Indian textile and apparel products, which came into effect on 6th August.CITI Chairman Rakesh Mehra stated that the 6th August US tariff announcement has dealt a major blow to Indian exporters, exacerbating an already difficult situation and severely weakening their competitiveness in the US market compared to other nations.He further urged the Government to take swift action to support the textile and apparel industry, especially given its stated commitment to enhancing the sector’s global competitiveness and enabling Indian companies to become leading players internationally.Mehra also expressed CITI’s hope that a bilateral trade agreement (BTA) between India and the US will come to fruition soon. He noted that a well-structured agreement that safeguards India’s sovereign interests while maintaining fairness could prove beneficial for both countries.In a similar vein, Sudhir Sekhri, Chairman of the Apparel Export Promotion Council (AEPC), expressed serious concern over the recently imposed 50% tariff on Indian apparel exports, calling it a major blow to the labour-intensive sector. According to him, the industry is in no position to absorb such a steep tariff hike. He noted that the government is likely aware of the severe implications of this increase, which could spell disaster for micro and medium-sized apparel exporters—particularly those heavily reliant on the US market—unless the Government of India intervenes with direct fiscal assistance.The Clothing Manufacturers Association of India (CMAI) has voiced serious concern over the United States’ decision to raise tariffs on Indian apparel exports from 25% to 50%, describing the move as a significant blow to the sector.Santosh Katariya, President of the association, noted that a 50% tariff would make Indian products 30–35% more expensive than those from competing nations like Bangladesh and Vietnam, severely undermining India’s competitiveness in global markets. According to him, international buyers are unlikely to absorb such a large cost disparity, which could result in a steep decline in export orders.Vice President Ankur Gadia called on the Indian government to adopt a strong and proactive approach in response, urging it to pursue more balanced and equitable trade arrangements with the United States.Chief Mentor Rahul Mehta remarked that while there remains hope that the tariff hike may be part of a broader negotiation strategy, there is an urgent need for both policymakers and industry stakeholders to collaborate on immediate solutions to cushion the impact of what he described as a harsh and damaging policy.Sanjay Jain, MD of TT Ltd., echoed this point of view, saying that the industry is shocked with the imposition of the additional tariff of 25% by the US on such a short notice. All goods entering the US after 21 days would have to pay this tariff. And for the previous tariff, anything which was loaded before 7th August was exempted. With the earlier tariff there was some room for negotiation with buyers but with the addition it becomes 50% and added on top of that is the regular tariff of 15-16% which takes it to 65%. In such a case, neither the Indian supplier can compensate the buyer nor can the buyer bear it. As a result, it is highly likely that new orders will not come in and pending orders will have to be shipped at significant losses.The solution to this could be to give immediate export incentives in cash to negate the effects of such tariffs. The money saved by cheaper oil should be given to the industry instead of the consumer. Another could be to put a retaliatory tariff on Pharma exports to the US.read more:- Appeal to the government to abolish cotton duty
Demand to remove import duty on cotton from the government, know what is the purposeThe Cotton Production and Consumption Committee (COCPC) has recommended removing this duty or postponing it for at least six months. Some commentators have also said that the removal of duty can be used as a bargaining chip in the ongoing trade talks with the US. However, domestic cotton producers argue that the removal of duty may affect local prices.India's textile sector is appealing to the government to remove 11 percent import duty on cotton. This appeal has been made due to severe shortage of raw material. The sector demands that if it has to remain internationally competitive, then it needs to be improved. According to some reports, due to this duty, domestic cotton prices have been consistently higher than global figures. Recently, cotton production in India has reached a 15-year low in 2024-25.CITI can make an offerThe Confederation of Indian Textile Industry (CITI) says that the difference in prices makes it difficult for manufacturers to compete in export markets and threatens job security. India's textile industry has suggested that the government can offer to remove the 11 percent duty on raw cotton imports. It can be used as a tool to negotiate favorable terms for the country's textile and apparel sectors during bilateral trade talks with the US.According to the Economic Times report, officials had earlier said that India was trying to build trade relations with the US. It was believed that due to the trade agreement, the US could consider reducing or completely eliminating import duty on walnuts, almonds, apples and cranberries.Removal of duty will have an impactHowever, the government advisory body, the Cotton Production and Consumption Committee (COCPC), has recommended removing this duty or suspending it for at least six months. Some commentators have also said that the removal of the duty could be used as a bargaining chip in the ongoing trade talks with the US. However, domestic cotton producers argue that the removal of the duty could impact local prices.Ambitious export targetExperts say the duty benefits traders and multinational companies rather than farmers. According to the Economic Times, India's textiles ministry is generally supportive of it and emphasizes that affordable raw cotton is essential to achieve India's textile export targets. The sector aims to reach $100 billion in exports by 2030.read more:- Bangladesh to double US cotton imports for duty-free access
Bangladesh to double cotton imports from USBangladesh’s textile manufacturers are aiming to double cotton imports from the United States within the next one year, as part of a strategy to secure duty-free access for apparel in the US market and strengthen bilateral trade ties.The move follows a decision by the Trump administration on 31 July to impose a 20% reciprocal tariff on Bangladeshi goods, effective from 7 August this year. Under the new rules, however, products containing at least 20% US raw materials will qualify for duty-free entry into the United States.Industry leaders believe that using more American cotton – prized for its superior quality despite higher prices – will not negatively affect the competitiveness of Bangladesh’s ready-made garment (RMG) exports.According to a White House notice, the revised tariff applies to goods “entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01am eastern daylight time seven days after the date of the executive order, excluding the day the order is signed.”Over the past five years (2020-024), Bangladesh imported 39.61 million bales of cotton worth $20.30 billion from 36 countries, including the US, Australia, India, Brazil, China, and several African nations. Of this, the United States supplied 2.84 million bales valued at $1.87 billion.Between January and May 2025, US apparel imports rose by 7.06% year-on-year to $31.70 billion globally. Imports from Bangladesh grew even faster, climbing 21.60% to $3.53 billion.Calls for policy support and infrastructureBTMA President Showkat Aziz Russell told Daily Sun that US cotton currently accounts for about 8% of Bangladesh’s imports, but this is expected to rise to 20% within one fiscal year.He called for government policy support, including the establishment of a dedicated bonded warehouse – at least 500,000 square feet – to store US cotton and reduce the 90-day lead time for shipments from the US.“The price of US cotton is higher than that from other countries, but its quality is also better. This means there is no adverse impact on export pricing,” said Russell, who is also chairman and managing director of Amber Group.He urged the government to lower the Export Development Fund (EDF) loan interest rate to 2% for US cotton imports, offer a cash incentive of 3-4 cents per pound, and waive the 1% Advance Income Tax on export earnings.Quality advantage despite higher costsUS cotton costs 9-12 cents more per pound than Indian cotton, 6-8 cents more than African cotton, 12 cents more than Brazilian cotton, and 5-7 cents more than Australian cotton. However, wastage is lower – just 5-10% compared to 15% for Indian cotton and 12% for African cotton – making it more economical in the long run.About 75% of Bangladesh’s apparel exports are cotton-based.Shovon Islam, managing director of Sparrow Group and a former BGMEA director, said his company exports $1.5 million worth of shirts, trousers, women’s tops, and jackets annually to the US.“As US cotton is of better quality, our products will be better too. Although prices will rise, buyers are willing to pay more for quality,” he said, adding that his firm plans to use US cotton exclusively for garments destined for the American market to maximise duty benefits.
The Indian rupee on thursday higher 02 paise to close at 87.70 per dollar, while it opened at 87.72 in the morning.At close, the Sensex was up 79.27 points or 0.10 percent at 80,623.26, and the Nifty was up 21.95 points or 0.09 percent at 24,596.15. About 1716 shares advanced, 1996 shares declined, and 129 shares unchanged.read more :- Agriculture Minister Khudian: Asked for bi-weekly report on cotton
Punjab Agriculture Minister Khudian seeks bi-weekly report on cotton cropPunjab Agriculture and Farmers Welfare Minister Gurmeet Singh Khudian on Wednesday ordered the Chief Agriculture Officers (CAOs) of cotton belts to submit bi-weekly reports on the progress and status of the 'white gold' crop. The minister also directed the field officers to complete the verification of fields for direct seeding (DSR) of rice by August 10 so that the incentive amount of ₹1,500 per acre can be transferred directly to the bank accounts of eligible farmers.These directions were issued during a high-level video conference meeting with Chief Agriculture Officers and senior officials of the department on Wednesday. The minister also directed the CAOs to visit cotton fields regularly to monitor and manage pest attacks including pink bollworm, white fly, jassid, thrips and other pests. He also asked them to inspect paddy fields for rice dwarf virus and guide farmers about effective management and control measures to minimize its impact.Expressing concern over rainwater-logged fields in Fazilka and Kapurthala districts, Khudian directed agriculture officers to regularly inspect the affected fields and cooperate with other departments and district administration to ensure prompt drainage of water to minimize crop damage.read more :- US attack on Indian exports: 50% tariff imposed
US slaps 50% tariff on Indian goods; textiles, shrimp, gems most hit.US President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil.Domestic export sectors such as leather, chemicals, footwear, gems and jewellery, textiles and shrimp will be severely impacted by the imposition of the 50 per cent tariff by the US, say industry experts.US President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil.The United States has imposed additional tariffs or penalties for Russian imports only on India, while other buyers such as China and Turkey, have so far escaped such measures."The tariffs are expected to make Indian goods far costlier in the US, with potential to cut US-bound exports by 40–50 per cent," think tank GTRI said.After the new tariff, it said, organic chemicals' exports to the US will attract an additional 54 per cent duty. The other sectors which will attract high duties include carpets (52.9 per cent), apparel - knitted (63.9 per cent), apparel - woven (60.3 per cent), textiles, made-ups (59 per cent), diamonds, gold and products (52.1 per cent), machinery and mechanical appliances (51.3 per cent), furniture, bedding, mattresses (52.3 per cent).The 25 per cent duty, announced on July 31, will come into force from August 7 (9.30 am IST).The additional 25 per cent will be implemented by the US from August 27. These will be over and above the existing standard import duty in the US.In 2024-25, the bilateral trade between India and the US stood at USD 131.8 billion (USD 86.5 billion exports and USD 45.3 billion imports).The sectors, which would bear the brunt of 50 per cent duty include textiles/ clothing (10.3 billion), gems and jewellery (12 billion), shrimp (USD 2.24 billion), leather and footwear (USD 1.18 billion), chemicals (2.34 billion), and electrical and mechanical machinery (about USD 9 billion).Kolkata-based seafood exporter and MD of Megaa Moda, Yogesh Gupta said that now India's shrimp will become expensive in the US market."We are already facing huge competition from Ecuador as it has only 15 per cent tariff. Indian shrimp already attracts a 2.49 per cent anti-dumping duty and a 5.77 per cent countervailing duty. After this 25 per cent, the duty will be 33.26 per cent from August 7," Gupta said.The Confederation of Indian Textile Industry (CITI) said that it is "deeply concerned" about the potential adverse impact of the effective 50 per cent US tariff rate for India."The US tariff announcement of August 6 is a huge setback for India's textile and apparel exporters as it has further complicated the challenging situation we were already grappling with and will significantly weaken our ability to compete effectively vis--vis many other countries for a larger share of the US market," it said.It urged the government to urgently take steps to help the sector during these hugely testing times.Colin Shah, MD, Kama Jewelry, said this move is a severe setback for Indian exports, with nearly 55 per cent of India's shipments to the US market directly affected.The 50 per cent reciprocal tariff effectively imposes a cost burden, placing our exporters at a 30–35 per cent competitive disadvantage compared to peers from countries with lesser reciprocal tariff, he said."Many export orders have already been put on hold as buyers reassess sourcing decisions in light of higher landed costs. For a large number of MSME-led sectors, absorbing this sudden cost escalation is simply not viable. Margins are already thin, and this additional blow could force exporters to lose long-standing clients," Shah said.Kanpur-based Growmore International Ltd MD Yadvendra Singh Sachan said the exporters should look for new markets to maintain export growth.Exporters are hoping that early finalisation of the India-US bilateral trade agreement will help in dealing with the tariff challenges.The negotiations between India and the US are still going on for an interim trade deal, though there will be no compromise on the red lines with regard to duty concessions on agriculture items, dairy, and genetically modified (GM) products, sources said. read more:- Rupee opened 01 paisa higher at 87.72 per dollar
| title | Created At | Action |
|---|---|---|
| Trump's statement: Tariff on India, shock to Russia; duty on China stopped | 12-08-2025 17:26:21 | view |
| Maharashtra's cotton production in trouble: two major reasons | 12-08-2025 16:26:29 | view |
| Rupee Ends Flat at 87.70/USD | 12-08-2025 15:49:33 | view |
| Sowing of paddy is fast, cotton-oilseed is slow | 12-08-2025 12:20:26 | view |
| Cotton crop submerged, Haryana farmers worried | 12-08-2025 11:56:04 | view |
| Andhra textile industry expected to face US tariff impact. | 12-08-2025 11:32:25 | view |
| Rupee falls 05 paise at open to 87.70 against US dollar | 12-08-2025 10:21:45 | view |
| Rupee fell 13 paise to close at 87.65 | 11-08-2025 15:49:20 | view |
| Rupee opens 14 paise down at 87.52 | 11-08-2025 11:19:37 | view |
| "Start Timely Procurement of Cotton in the Interest of Farmers; High Court Warns Corporation" | 08-08-2025 18:03:06 | view |
| CCI Hikes Cotton Prices; Sells 70% of 2024–25 Procurement via E-Bidding. | 08-08-2025 17:46:24 | view |
| Rupee fell 10 paise to close at 87.66 against dollar | 08-08-2025 15:47:23 | view |
| Duty-free access to US cotton, agri items’ quota likely on talks table | 08-08-2025 11:24:18 | view |
| INR Up 14 Paise, Opens at 87.56 | 08-08-2025 10:26:23 | view |
| Textile industry worried about US tariffs | 07-08-2025 18:07:50 | view |
| Appeal to the government to abolish cotton duty | 07-08-2025 17:43:46 | view |
| Bangladesh to double US cotton imports for duty-free access | 07-08-2025 16:41:57 | view |
| Rupee strengthened by 2 paise against dollar and closed at 87.70 | 07-08-2025 15:59:24 | view |
| Agriculture Minister Khudian: Asked for bi-weekly report on cotton | 07-08-2025 14:35:28 | view |
| US attack on Indian exports: 50% tariff imposed | 07-08-2025 10:53:31 | view |
