India raises import duties to protest US tariff hike

Last month, India had given a list of products to the WTO that it said could incur higher tariffs.

Update: 2018-06-21 05:23 GMT
The share of outstanding funds credited to the iron and steel sector to the total fund-based banking credit is about 5 per cent or Rs 2.85 lakh crore.

New Delhi: India has increased import duties on some agricultural and steel products that are imported from the US in retaliation against Washington’s new global tariffs on steel and aluminium, according to a government note seen on Thursday.

Last month, India had given a list of products to the WTO that it said could incur higher tariffs.

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