Friday, July 11, 2025

Creating liberating content

Neena Gupta attended Wimbledon in a white Sanganeri saree. She

Market movements are expected to be influenced by India-US trade

Bitcoin soared to a fresh all-time high of $116,046.44 on

Related News

Neena Gupta attended Wimbledon in a white Sanganeri saree. She paired it with a halter-neck blouse and sunglasses. Her look was simple and elegant. Fans loved her choice of traditional

Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its

Market movements are expected to be influenced by India-US trade negotiations and company earnings reports. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened

Bitcoin soared to a fresh all-time high of $116,046.44 on Thursday, driven by strong institutional demand and supportive crypto policies under US President Donald Trump’s administration.Earlier in the day, it

US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on

A strong family is not built with birthday parties, weekend outings, or perfectly filtered photographs. It is built with truth, trust, shared effort, and a deep understanding of what really

Trending News

Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its

Market movements are expected to be influenced by India-US trade negotiations and company earnings reports. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened

US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on

NEW DELHI: The UK has joined Eutelsat’s 1.5 billion euro (nearly $1.8 billion) capital raise, where Bharti Space is committing 150 million euro ($176 million), in a move that arms

Bengaluru: TCS marked its first year-on-year decline in constant currency since the Sept quarter of FY21, with lacklustre performance attributed to weak macroeconomic conditions, cautious client sentiment, delayed decision-making, and

NEW DELHI: National Highways Authority of India (NHAI) plans to bid out 124 highways and expressway projects worth Rs 3.4 lakh crore in current financial year (2025-26). NHAI has put

Trade relief in Singapore: Indian firms to gain from new adaptation grant; US tariffs push government to act

Word Count: 717 | Estimated Reading Time: 4 minutes


Trade relief in Singapore: Indian firms to gain from new adaptation grant; US tariffs push government to act

Indian enterprises operating in Singapore are expected to benefit from a new Business Adaptation Grant unveiled by the city-state to help local firms manage the challenges arising from global tariff shifts, including those tied to recent US trade measures.The Singapore Indian Chamber of Commerce and Industry (SICCI) welcomed the government’s announcement, calling the grant a “timely intervention” to help businesses—particularly Small and Medium Enterprises (SMEs)—navigate the evolving cross-border tax landscape, PTI reported.“This grant is available to all local businesses, especially Small and Medium Enterprises,” SICCI said, adding that the move reflects a “proactive and strategic approach” to support companies amid growing complexities in international trade.The Business Adaptation Grant, set to launch in October, was announced by the Singapore Economic Resilience Taskforce (SERT) and will provide up to SGD 1,00,000 (around $78,000) per eligible company. According to Minister for Manpower Tan See Leng, SMEs are likely to receive a higher co-funding percentage than larger multinational firms.Although Singapore has not yet received a formal notification of new US tariffs, its neighbours Malaysia and Indonesia are expected to face import duties of 25% and 32%, respectively. The new American tariffs come as part of a broader protectionist move, posing indirect risks to Singapore-based exporters and supply chains.SICCI said the grant will help companies reassess supply chains, adjust pricing strategies, seek new markets, and invest in trade advisory services to stay competitive. The chamber affirmed its commitment to assisting members in accessing the funds and aligning operations with the shifting global trade environment.“We will work closely with government agencies, particularly Enterprise Singapore, to ensure that businesses, especially those from the Indian business community, can effectively benefit from this initiative and develop sustainable trade strategies,” said SICCI chairman Neil Parekh.Tan noted that SMEs employ about two-thirds of Singapore’s workforce and will be a primary focus of the scheme. The grant will cover two business categories and will be available for a “time-bound period” of two years.Singapore plays a key role as a global business hub, and the US remains one of its major trading partners. The new grant is expected to cushion the impact of shifting trade dynamics and reinforce resilience in the city-state’s SME sector.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account