Under Section 54, if you sell a residential house and reinvest the capital gains into another residential property within two years of sale or three years if constructing, you are exempt from paying long-term capital gains tax on that profit
Rajpal Yadav case: The actor further explained that he believes in starting fresh every day and focusing on his craft rather than letting difficulties weigh him down. Mumbai: Actor Rajpal Yadav recently spoke about maintaining emotional strength amid life's tough challenges he had been facing
Liverpool have been here far too often this season. Another late, late goal costing them points. This time to Richarlison in a 1-1 draw against struggling Tottenham that cost them a chance to go fourth in the table. And don't the players - who were booed off by their fans at full-time - know it
New BMW M 1000 R: The new BMW M 1000 R supersport roadster has been launched in India at Rs 33.50 lakh (ex-showroom). New BMW M 1000 R key details: The new BMW M 1000 R supersport roadster has been launched in India at Rs 33.50 lakh (ex-showroom). Available as a completely built-up unit (CBU)
Italian bank UniCredit is making a move on German lender Commerzbank. UniCredit is launching an unsolicited offer to boost its stake to over 30 percent. This aims to encourage Commerzbank to enter merger discussions. UniCredit already holds a significant stake
'This is my personal journey': Nawazuddin Siddiqui reacts to expectations of him ‘filling Irrfan Khan’s vacuum’Nawazuddin Siddiqui has addressed his comparisons with the late Irrfan Khan, whom he has described as a mentor-like figure. Mar 16, 2026
Lebanese influencer Natalie Kamal El-Din fighting for life after Israel attack that killed her husband, daughterLebanese influencer and stylist Natalie Kamal El-Din is reportedly fighting for her life after an Israeli airstrike on a residential building in Aramoun Updated on: Mar 16
FIDE CEO Emil Sutovsky has said that the organisation is working in the final stages of preparing for the upcoming Candidates tournament, which is supposed to begin in the next two weeks. Sutovsky has confirmed that the FIDE Candidates Tournament will proceed as scheduled despite a drone striking a
Mexico announces up to 50% tariffs on goods from India, other Asian nations
Mexico has imposed steep new tariffs on a wide range of Asian imports, marking a sharp break from its long-standing pro-free-trade approach - and putting India among the key exporting nations affected by the move.
In a significant policy shift, Mexico's Senate has approved a new tariff regime that raises duties, in some cases up to 50%, on more than 1,400 products imported from countries that do not have a formal trade agreement with Mexico, Reuters reported.
The list of targeted nations includes China, India, South Korea, Thailand and Indonesia.
ALSO READ | Mexico's Sheinbaum holds huge rally following major protests
The upper house cleared the bill with 76 votes in favour, five against and 35 abstentions, brushing aside protests from domestic industry bodies and strong objections from China. The lower house had already approved the measure.
Beginning next year and expanding through 2026, the new rates will apply to a wide swath of industrial inputs and consumer goods, including automobiles and parts, textiles, apparel, plastics, metals and footwear. While select items will face the maximum 50 per cent duty, most products are expected to fall under the 35 per cent bracket.
India, which has sought to boost exports of textiles, auto components and engineering goods to Latin America, now faces a significantly more challenging entry into the Mexican market, the second-largest economy in the region and a key North American gateway. Indian exporters have long leveraged Mexico as a stepping stone to the US, thanks to its integration in North American supply chains.
ALSO READ | Trump's tariff signal worries Punjab basmati exporters
The tariff hikes threaten to hamper that advantage. Several Mexican import-dependent manufacturers have warned the government that higher duties on goods from India and other Asian nations will push up production costs and stoke inflation, according to agency reports.
For Indian exporters, the tariff shift could:
– Reduce competitiveness in industries such as textiles, leather goods, auto parts and steel.
– Push companies to reconsider supply-chain routing through Mexico.
– Increase landed costs for Indian firms operating in or supplying to North American value chains via Mexico.
India's commerce Ministry has not issued a statement yet.
Analysts, including those in India tracking Latin American markets, believe Mexico's sudden protectionist turn is closely tied to pressure from the United States ahead of next year's USMCA (United States-Mexico-Canada Agreement) review.
President Claudia Sheinbaum's government is understood to be signalling alignment with Washington's tougher stance on Chinese goods, hoping this might help ease the sweeping US tariffs that have hit Mexico's own exports such as steel and aluminium.
Although Sheinbaum denied the tariffs are linked to US demands, the structure of the new duties strongly mirrors American trade actions, a Bloomberg report noted.
The version passed this week is milder than an earlier proposal, which had sought strict duties across nearly 1,400 tariff lines. Lawmakers have now reduced the severity of tariffs on about two-thirds of those categories.
Even so, the Mexican finance ministry expects the new levies to bring in nearly 52 billion pesos ( ₹19,000 crore) in additional revenue next year, money the government says it needs to narrow its fiscal deficit.
Mario Vazquez, an opposition PAN senator, said that although the tariffs may help certain sectors overwhelmed by cheaper Chinese imports, “they also act as a tax on consumers,” and he questioned how the government intends to use the extra revenue.
Emmanuel Reyes of the ruling Morena party defended the bill, arguing that the measure will “strengthen Mexican products in global supply chains and protect jobs in priority sectors.”
ALSO READ | ‘You can't do that': Donald Trump mulls tariff on India for ‘dumping' rice in US
Local auto groups especially supported the move, warning that China's rapid rise, now accounting for 20 per cent of Mexico's auto market, up from almost nothing six years ago, could threaten Mexico's domestic manufacturing base. Under the new rules, imported Chinese cars will face the steepest duty at 50 per cent.
The legislation also gives Mexico's Economy Ministry sweeping authority to revise tariffs on non-FTA countries at will, enabling rapid adjustments ahead of the USMCA review. This new flexibility could mean more fluctuations in duty structures for Indian exporters.
With the US and Canada both tightening scrutiny on Chinese supply-chain routing, Mexico's move underscores a broader North American shift toward protectionism.
(With inputs from Reuters and Bloomberg)
Source: HindustanTimes
Related Posts: Trump Official On US Imports Of Russian Goods vs Indian Imports EU cars, pharma imports into US to face 15% tariffs under new trade deal Mexico Slaps 50% Tariffs On India Mexico approves up to 50% tariffs on China and other countries Trump raises US tariffs on South Korea imports to 25% Turkey says it is ending additional tariffs on some US imports EU weighs tariffs on Russian oil imports US to levy tariffs on chip imports India Pauses Key P-8I Deal As US Imposes Tariffs On Russian Oil Imports
Taxpayers must prepare for the upcoming tax changes set to come into effect on April 1. Taxpayers must be aware of these latest rules and stay updated as these reforms will change how individuals calculate taxes, report income and follow taxation rules
1 hours ago
Indian Foreign Minister S Jaishankar has said he is hopeful that talks with Iran are beginning to ease shipping disruptions for the country's vessels in the Strait of Hormuz. "I am at the moment engaged in talking to them and my talking has yielded some results," he told the Financial Times
1 hours ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Best 75-inch TVs in India (2026): Top big-screen smart TVs for an ultimate home theatre experienceA 75-inch TV can instantly turn any living room into a home theatre experience. So
1 hours ago
A great cocktail often tells a story – of the place it was created, the flavours that inspired it, and the craft of the bartender behind the bar. Across India’s most exciting restaurants and cocktail rooms, mixologists are constantly reimagining classics and experimenting with unexpected
1 hours ago
Dubai Media Office said on Monday (March 16, 2026) that authorities were dealing with a fire resulting from a drone attack in the vicinity of Dubai International Airport. Flights were temporarily suspended at Dubai’s airport, previously one of the
1 hours ago
Political thriller One Battle After Another has dominated this year's Oscars, scoring six wins including best picture It marks the first best picture and best director win for Paul Thomas Anderson, who had never previously won an Oscar despite being one of Hollywood's most respected film-makers
1 hours ago
DLF records total sales bookings of Rs 16,176 crore between April and December 2025, of which Rs 5,247 crore came from NRI buyers, taking their share to 32.5% of total sales. Non-resident Indians (NRIs) are emerging as a major driver of India’s luxury housing market
1 hours ago
Nineteen Indians were among 35 persons whose arrest has been ordered in the United Arab Emirates for posting allegedly misleading and fabricated videos on social media amid regional tensions due to the West Asia conflict, PTI reported on Sunday. Ten persons, including two Indians
1 hours ago
Samsung Galaxy S26 series was supposed to be a game changing lineup for the company but usual business has continued this year with the same three models announced, including the flagship Ultra version. Samsung has done quite a lot for its foldable last year which made us believe the next Galaxy
1 hours ago
AICC General Secretary K C Venugopal accused the Election Commission of bias, alleging the Assembly election schedule was strategically engineered to undermine the Congress party. He criticized the first phase poll dates in key Congress strongholds
1 hours ago
Amid a global oil crisis following the closure of the Strait of Hormuz triggered by the Iran war, a social media post written by US President Donald Trump more than a decade ago has resurfaced online after the recent escalation in the Middle East disrupted global energy markets
1 hours ago
WhatsApp is letting kids and pre-teens use the messaging app which is a big change for the platform as it looks to battle the ongoing concerns regarding child safety on the internet. Meta is making drastic changes to the kids version of WhatsApp which can only run with parental controls and also
1 hours ago
India skipper Suryakumar Yadav selected Ishan Kishan for the T20 World Cup based on gut feeling. He felt Kishan possessed the X-factor to win matches. This decision was tough on Jitesh Sharma. Suryakumar also highlighted Sanju Samson's crucial role in the team's victory
1 hours ago
Four men were arrested in Bengaluru on Sunday. They allegedly tried to bribe Odisha Congress legislators with ₹5 crore each. The aim was to influence votes in the Rajya Sabha elections for the Bharatiya Janata Party. Congress leaders filed a complaint after the incident
1 hours ago
With the announcement of assembly elections in West Bengal, the bipolar contest is shaping up as one of the most consequential political battles in the state. West Bengal will go to polls in two phases on April 23 and 29. The counting of votes will be on May 4
1 hours ago
Authorities in Jharkhand’s Jamtara district suspended the warden of a government-run residential girls’ school on Sunday after a Class 11 student died during treatment. The student’s family alleged that she was not promptly taken to the hospital despite her worsening condition
1 hours ago
President Donald Trump said on Sunday (March 15, 2026) that the United States could soon reach a deal with Cuba or take other action, signalling that developments in the long-strained relationship may come quickly. “Cuba also wants to make a deal
1 hours ago
Endocrinologist shares how to reduce blood sugar spikes without changing your diet: ‘Most start their meal with…’You don't need to change your meals. One simple tweak changes the way your body processes your meal. Published on: Mar 16, 2026 2:18 PM IST By Adrija Dey Share via Copy link Blood
1 hours ago
Former England footballer Wayne Rooney has said that Michael Carrick should be appointed as Manchester United’s full-time manager, after the latter led the team to a 3-1 win against Aston Villa on Sunday, March 15, at Old Trafford. Carrick’s team boosted their push for next season’s UEFA
1 hours ago
Smartphones were India’s top export category for the first time, with a total $30.13 billion worth of exports in the January-December period. New Delhi: Indian smartphone makers are likely to face a challenging period as global memory or RAM prices surge
1 hours ago
OnePlus Nord 6 Price In India: The OnePlus Nord 6 is also rumoured to pack a massive 9,000mAh battery with support for 80W wired fast charging and 27W wireless charging OnePlus Nord 6 Price In India: Chinese smartphone brand OnePlus is expected to launch the OnePlus Nord 6 in India as part of its
1 hours ago
Iran is taking steps to prevent anti-establishment protests, with checkpoints appearing across the streets of the capital, internet access restricted, and mass text warnings sent to residents. In Tehran, people have been telling the BBC about new security checkpoints around the city
1 hours ago
NSF holds rally in Kohima against Centre's 'Vande Mataram' directiveNSF holds rally in Kohima against Centre's 'Vande Mataram' directive Published on: Mar 16, 2026 2:43 PM IST PTI Share via Copy link Kohima, Thousands of students and citizens under the banner of the Naga Students' Federation on
1 hours ago
Some dinners are memorable for the food. Others linger for the stories they carry. At his celebrated New York restaurant, Bungalow, celebrity chef Vikas Khanna recently hosted an evening that blended both – an intimate Ramadan gathering that brought together nostalgia
1 hours ago
Valorant reveals Miks, a controller agent that can heal teammates - All detailsA new agent is entering Valorant soon. Riot Games has revealed Miks, a controller who can heal teammates and control fights using sound-based abilities. Published on: Mar 16
1 hours ago
Salman Khan’s war drama, formerly Battle of Galwan, is now titled Maatrubhumi: May War Rest in Peace and is set for an April 17 release with new poster and teaser. Mumbai: In a significant development for one of the year's most anticipated war dramas
1 hours ago
The Haryana government on Monday told the Supreme Court that it will not grant sanction to prosecute Ashoka University Professor Ali Khan Mahmudabad in the case pertaining to his comments about the press briefings on Operation Sindoor, Live Law reported
1 hours ago
