Related News

Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in

Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California, on May 20, 2025. David Paul Morris | Bloomberg | Getty Images

Vast Space missed out on the first round of NASA awards for the next International Space Station, but that isn’t stopping the company from going all in on stage two.

Marvell shares popped 18% on Friday as the company posted an earnings beat and issued strong guidance, expecting strong artificial intelligence demand to continue. The semiconductor company reported adjusted earnings

The most recent government data shows nearly 28% of Americans live alone. The number has risen for decades, especially for older generations. Ash-har Quraishi shows simple tools that can provide

The CEO of Anthropic is apologizing for a leaked internal memo amid a feud with the Pentagon over its AI model. The memo criticized the Trump administration and OpenAI. It

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Exporters to seek support of government for workers losing jobs

Word Count: 633 | Estimated Reading Time: 4 minutes


Exporters to seek support of government for workers losing jobs

NEW DELHI: Amid expectations of job losses due to higher tariffs, exporters are seeking support for workers who would be hit by the impact of US President Donald Trump’s actions.At a meeting of export promotion councils convened by the federation of indian export organisations on Monday, most businesses suggested that a package from the Centre should be sought for workers.One of the suggestions was to seek a Covid-type package, which covered their social security benefit and provided some other assistance to reduce the burden on employers.A second proposal is to use the opportunity to upskill workers, for which a monthly govt support of Rs 15,000 is likely to be sought.While exporters are working with clients to see how they can navigate through the crisis, the dominant view in the community is that orders from American buyers will stop if Trump goes ahead with his plan to impose another 25% additional tariff on Indian exports to the US, taking the total levies to 50%. There have been suggestions that govt should cover part of the additional tariff burden, but even exporters realise that it is tough to implement.Besides, government is unwilling to immediately act on the demands, arguing that it would rather wait for the tariffs to be imposed as several developments are taking place around the globe, including talks between Russia and the US over finding a solution to the Ukraine conflict.In addition, it was pointed to exporters that shipments to the US have grown by 21% during April-July, as reported by TOI on Monday, while overall goods export growth is to the tune of 3%. This is largely due to frontloading of orders by Indian exporters, who are keen to avoid additional duties.





Source link

Most Popular Articles