Donald Trump regrets not raising tariffs on China even higher : Bulletin: Business Today
Business Today

Donald Trump regrets not raising tariffs on China even higher

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August 26, 2019

Donald Trump regrets not raising tariffs on China even higher

President Donald Trump wishes he had raised tariffs on Chinese goods even higher last week, the White House said on Sunday, even as Trump signaled he did not plan to follow through with a demand that US firms find ways to close operations in China. Trump raised eyebrows on the sidelines of a G7 summit when he responded in the affirmative to questions from reporters on whether he had any second thoughts about raising tariffs on Chinese goods by 5%.

RIL makes Rs 1.11 crore offering to Tirumala shrine

Reliance Industries Limited on Sunday made a offering of Rs 1.11 crore to the famous hill shrine of Lord Venkateswara at nearby Tirumala, an official said. A representative of RIL handed over a demand draft for the amount to AV Dharma Reddy, special officer of Tirumala Tirupati Devasthanams (TTD), that governs the cash-rich shrine.

Former finance minister Arun Jaitley cremated with full state honours

Former finance minister Arun Jaitley was cremated with full state honours on Sunday at Nigambodh Ghat in Delhi. All eminent leaders across party lines were in attendance at Jaitley's funeral ceremony amid a heavy downpour in the national capital. Prime Minister Narendra Modi, who is away on a foreign tour, recalled his longtime association with Jaitley, saying he could not imagine that he was so far away in Bahrain when his dear friend took his last breath.

PM Modi meets Boris Johnson on G7 Summit sidelines

Prime Minister Narendra Modi had a "good" meeting with his British counterpart Boris Johnson here on Sunday and they discussed ways to strengthen bilateral cooperation in areas like trade, investment, defence and education. Modi met Johnson on the sidelines of the G-7 Summit being held in this southwestern French city.

India needs to move towards single corporate tax bracket of 25%: KPMG report

KPMG has said that India needs a single corporate tax rate of 25% sans any surcharge or cess above it. The accounting and advisory firm in a report has favoured a simple tax structure, which should be adopted by the Indian government. The report titled "India: Redefining its growth path" noted that the Minimum Alternate Tax (MAT) should be removed and Dividend Distribution Tax (DDT) needs to be superseded by the withholding tax.

Govt to bring soaps, adult diapers, sanitary napkins, other hygiene products under price control

The government has identified commonly used hygiene products, which according to it should be of assured quality and accessible within the health system in sufficient numbers. The products are namely soaps, sanitary napkins, adult diapers, hospital hand gloves, operation theatre gumboots and floor disinfectants etc.
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