Asit Ranjan Mishra

New Delhi

Economic Affairs Editor at Business Standard

Economic Affairs Editor @bsindia. Ex-@livemint. @natpress fellow. Observer of real, reel and surreal life. DM open for scoops/ideas. Views personal. ଓଡ଼ିଆ.

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Articles

India Pauses WTO Move in US Trade Talks

1 week ago | rediff.com | Asit Ranjan Mishra

This is the first case involving India and the US at the WTO after both sides decided to withdraw all seven pending cases at the WTO during the Biden administration. Kindly note the image has been posted only for representational purposes. India is unlikely to launch a dispute at the World Trade Organisation (WTO) against the United States over reciprocal tariffs, as both sides are currently engaged in negotiations aimed at reaching a trade deal.
'Trump's Hopes For India's Tariff Cuts Too Ambitious'

3 weeks ago | rediff.com | Asit Ranjan Mishra

'I certainly hope the two can avoid a trade war and believe they will.'IMAGE: Prime Minister Narendra Modi and US President Donald Trump shake hands after their meeting at the White House, February 13, 2025. Mark Linscott, former assistant United States Trade Representative (USTR) for South and Central Asia, led negotiations for the unsuccessful mini-trade deal with India during Donald Trump's first term.
US Firms Back Trump's India Tariffs

3 weeks ago | rediff.com | Asit Ranjan Mishra

Kindly note the image has been posted only for representational purposes. IMAGE: A large container vessel arrive at New Mangalore Port. Industry associations and companies in the United States, including the US Chamber of Commerce (USCC), Coalition of Services Industries (CSI), and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
Donald Trump's tariff cut hopes from India too ambitious: Mark Linscott

1 month ago | business-standard.com | Asit Ranjan Mishra

Mark Linscott, former assistant United States Trade Representative (USTR) for South and Central Asia, led negotiations for the unsuccessful mini-trade deal with India during Donald Trump's first term. Now a senior advisor with the US India Strategic Partnership Forum (USISPF), Linscott, in an email interview with Asit Ranjan Mishra, discusses the potential impact of Trump's reciprocal tariff on India and feasibility of the proposed bilateral trade agreement (BTA).
EU firms want removal of non-tariff barriers as part of FTA deal with India

1 month ago | bilaterals.org | Asit Ranjan Mishra

Negotiations EU-India Business Standard - 05 March 2025 EU firms want removal of non-tariff barriers as part of FTA deal with India By Asit Ranjan Mishra European Union (EU) companies operating in India want New Delhi to streamline or remove non-tariff barriers such as Quality Control Orders (QCOs), complex Customs procedures; simplify labelling, testing, and import procedures; and facilitate cross-border digital transactions without data localisation constraints. These are results of a...
FTA deal with India: EU firms want non-tariff barriers to go

1 month ago | rediff.com | Asit Ranjan Mishra

European Union (EU) companies operating in India want New Delhi to streamline or remove non-tariff barriers such as Quality Control Orders (QCOs), complex Customs procedures; simplify labelling, testing, and import procedures; and facilitate cross-border digital transactions without data localisation constraints.
Why is India Inc not speaking about investment?: Sitharaman

1 month ago | rediff.com | Asit Ranjan Mishra

'The answer is not for me to give. The answer either way has to be heard from the industry itself. Tell us why not if you are not doing it; tell us if you are doing it -- why should this question remain unanswered?'IMAGE: Union Finance Minister Nirmala Sitharaman addresses a press conference in New Delhi. Finance Minister Nirmala Sitharaman on Thursday said the government would like the corporate sector to ramp up investment while maintaining that they are the best judge of commercial assessment.
Will Sitharaman's Debt-GDP vs Fiscal Deficit Gamble Pay Off?

2 months ago | rediff.com | Asit Ranjan Mishra

Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings. In 2018, the central government amended the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, targeting to reduce the fiscal deficit to 3 per cent by 2020-21 (FY21) and the debt-to-gross domestic product (GDP) ratio to 40 per cent by FY25.
'Prime Minister Modi Has Been Fiscally Conscious'

2 months ago | rediff.com | Ruchika Chitravanshi |Asit Ranjan Mishra |Nivedita Mookerji

'Spend, but create assets, spend but make sure that people benefit from it.''This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for keeping this path clear before us.'IMAGE: Prime Minister Narendra D Modi and other ministers congratulate Finance Minister Nirmala Sitharaman on Union Budget 2025, February 1, 2025.
'Old Tax Scheme Will Naturally Go Away'

2 months ago | rediff.com | MONIKA YADAV |Asit Ranjan Mishra

'We are not incentivising the old tax scheme. These taxpayers will also shift to the new regime after comparison.'IMAGE: Finance Minister Nirmala Sitharaman with the Budget team. The tax concessions in the Budget will not lead to increase in prices, according to Revenue and Finance Secretary Tuhin Kanta Pandey. He is confident of the government achieving 14.4 per cent growth in income-tax collection even after forgoing Rs 1 trillion revenue. "We have not increased the fiscal deficit.