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After taking office as the Chief Minister of Tamil Nadu, Joseph Vijay urged Prime Minister Narendra Modi to abolish the 11% import tax on cotton in his first letter, a request welcomed by textile manufacturers but opposed by farmer unions, who express concern over its impact on cotton farmers amid rising prices and production shortages. #CottonIndustry #AgriculturePolicy #ImportTariff #IN #CN

India has raised import tariffs on gold and silver from 6% to 15% as part of efforts to reduce foreign purchases and alleviate pressure on foreign exchange reserves, potentially dampening demand and reviving smuggling, while aiming to support the rupee and narrow the trade deficit. #Gold #ImportTariffs #IndiaEconomy #IN