New Delhi sources reported that India should drag US in the World Trade Organization’s (WTO) dispute mechanism against the move to hike import duties on steel and aluminium, as the decision will impact exports and it is not in compliance with the global trade norms. Meanwhile the decision of the US would not only impact India's export of these goods to America but also affect global trade.
Moreover Biswajit Dhar, a professor of economics at Jawaharlal Nehru University, said "Such decisions are protectionist in nature. India needs to approach the WTO against this move as it would severely hit global trade”. Accordingly former Commerce Secretary G K Pillai said the country should take action against America and also raise duties on products like almonds, pistachio and Harley-Davidson motorcycle and the US exports these items to India.
Pillai told "We also have the freedom to
increase tariffs. India should also retaliate as the US decision will impact
exports of steel and aluminium goods. You have to take action to protect the
country's interests”. Further he added that raising duties by India would be
within the bound rates of the WTO.
Ola Cabs to incorporate Jayem EV in its fleet soon Accordingly Cab aggregator Ola Cabs is set to incorporate the Tata Nano based Jayem Neo EV in its fleet. The first batch of Jayem Neo EVs for Ola Cabs will comprise 400 units. Meanwhile the photos of the Jayem Neo EV with Ola Cabs stickers from Hyderabad suggest the model will be rolled-out first in the city. The Neo will be added to the Ola Cabs fleet in other cities, in time.
- New Amaze given Honda a shot in the arm
- Follow these steps for driving through floods during Rainy Season
- Volkswagen in next phase of growth
- By this yearend Nissan catapults its first EV in India
- Maruti Suzuki makes record in production milestone
- Expected price of Electric Scooter in India
- Tata Power to set up EV charging stations
- Overloaded vehicles not to be allowed from June 15
- Volvo Cars plans to double segment share in India by 2025
- Demand for diesel vehicles expected to fall 35 - 36% by 2019
- Why Tata Motors stopped production of Indica and Indigo?
- Launch of Hyundai Creta facelift for 9.44 Lakh
- JK Tyre added two OEMs of the segment
- Countries already set targets to reduce CO2 Emission from Trucks
- Buyers of electric two wheelers get incentive