Almost all US corn is from genetically modified crops. India does not allow the import of GM crops unless specifically approved by the relevant authorities. This makes a large volume of US corn restricted for Indian import.
Howard Lutnick said that despite having 1.4 billion people, India does not buy even a bushel of corn from U.S.A., adding that the country will have to either buy American corn or face high tariffs.
The GST council rolled out these revised tax rates on 3rd September. These reduced rates, however, will not be applicable to road tractors for semi-trailers with an engine capacity of more than 1800 cc.
Rajya Sabha Chairman Jagdeep Dhankhar on Saturday accepted the resignation of YSR Congress Party leader V Vijaysai Reddy, who stepped down from his position as a Member of Parliament, citing personal reasons and announcing his retirement from politics.