Insights, a blog published by IMPRI.
Billionaire investor Warren Buffett has called out US President Donald Trump’s proposed tariffs on imports into the country, saying the import duties would not be paid by some tooth fairy, but by American consumers, and so amounts to a tax on US citizens. This is wholesome fact-checking.
On March 4, 2025, tariffs kicked in on US’s biggest trading partners - Mexico, Canada and China. India is still negotiating a deal as cutting tariffs on US goods could impact agriculture and industry. Trump may be using the threat of tariffs to get concessions for USA – but, it could boomerang on the US.
The expansion of GCCs in India will certainly create numerous job opportunities, and foster skill development, while allowing India to attract more MNCs with a competitive edge.
Policy UpdateMeyhar Kaur Walia Background The Kisan Credit Card (KCC) Scheme was introduced in August 1998 to provide term loans for the agricultural needs of farmers. The issuance of KCCs is based on farmers’ land holdings to ensure uniform adoption…
Tonnage tax schemes, a unique form of taxation primarily found in the maritime industry, provide shipowners and operators with an alternative to traditional corporate taxation. Instead of taxing profits, these schemes assess taxes based on a fixed rate per net ton of a vessel. This approach, unique to the maritime sector, aims to establish a more predictable and stable taxation structure, thereby promoting investment and competitiveness.
The Ministry of Micro, Small and Medium Enterprises (MSME) serves as the cornerstone of India's economic framework, fostering entrepreneurship, employment generation, and industrial growth. The MSME sector is often regarded as the backbone of the Indian economy, contributing nearly 30% to the country’s GDP, 45% of total exports, and providing livelihoods to over 110 million people.
The 73rd Constitutional Amendment Act of 1992 was a landmark reform that institutionalized gender representation by reserving one-third (33%) of seats for women in Panchayati Raj Institutions (PRIs). This affirmative action policy significantly increased women’s political participation, enabling them to take on leadership roles as sarpanches (village heads) and panchayat members, thereby shaping governance at the grassroots level (Buch, 2010).