Related News

For a long time, scientists believed that only amphibians like salamanders could regrow complex limbs. But then came some groundbreaking findings from Texas A&M University. Researchers there discovered that mammals

NASA’s Jet Propulsion Laboratory recently reached a significant achievement in space travel technology. They successfully tested a lithium-fed magnetoplasmadynamic (MPD) thruster, establishing a domestic power milestone for power output in

While staying at the Imperial Hotel in Tokyo during a lecture tour, Albert Einstein found himself in an awkward situation. A hotel bellboy had delivered a message to his room,

Have you ever wondered why rockets eventually tilt themselves after launch? Most people assume a rocket’s goal is to fly as high as possible, but ‘up’ is only the first

The Sombrero galaxy and its glowing halo of stars have never looked this good. The US National Science Foundation’s NOIRLab released the latest photo of the popular hat-shaped galaxy on

Researchers in China have discovered the 11th new lunar mineral, ‘Cerium–Magnesium Changesite,’ from the first Moon meteorites recovered in China. This important advancement, announced by the China Geological Survey, represents

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

Trumps tariffs ‘wake-up call’: Amitabh Kant sees US duties as opportunity; urges bold reforms & efficiency

Word Count: 641 | Estimated Reading Time: 4 minutes


Trumps tariffs 'wake-up call': Amitabh Kant sees US duties as opportunity; urges bold reforms & efficiency

Former Niti Aayog CEO Amitabh Kant said India should view the US tariff hike as a wake-up call to implement bold and once-in-a-generation reforms while diversifying its export markets for long-term growth.Addressing the BN Memorial Lecture organised by IRS (C&IT) Association, Kant said, “This is India’s century, irrespective of Trump’s tariff, I strongly believe that Trump has given us a huge opportunity for reforms.”He rejected the US claim that the move was linked to India’s purchase of Russian oil, PTI reported. “It’s not about Russian oil. If it were the issue, then China buys much more Russian oil and Turkey buys as much Russian oil,” he said.The former G-20 Sherpa also underlined the need to improve administrative efficiency for rapid expansion of India’s production infrastructure. In a post on X, he added, “Trump’s tariffs must be a wake-up call for India. The irony is striking: the US is actively negotiating with Russia and China, the latter being the largest buyer of Russian oil, yet chooses to target India with tariffs instead. Rather than intimidate us, these global headwinds must galvanise India into bold, once-in-a-generation reforms, while also diversifying our export markets to secure long-term growth and resilience.”Kant emphasised that the Viksit Bharat vision of India becoming a fully developed country by 2047 was realistic. “India in 2047, as a fully developed country, is not a distant dream, and very few countries have become developed within one generation,” he said.He also called for improving administrative clearances for startups, pointing out that it currently takes six and a half months for registration in India, compared with 24 hours in New Zealand and Singapore. Kant urged CBIC officers to expedite GST registration and make the process hassle-free.





Source link

Most Popular Articles