India’s recent Budget has introduced what many are dubbing “Harley diplomacy,” as it significantly lowers the cost of premium motorcycles by reducing import duties, according to a ToI report. Ahead of Prime Minister Narendra Modi’s upcoming visit to the U.S., the Union Budget proposes a substantial cut in customs duties on fully assembled motorcycles with engine capacities over 1,600cc—from 50% to 30%. This decision favors luxury brands such as Harley-Davidson, Ducati, Honda, and Suzuki, making these high-end bikes more affordable for Indian consumers.
Fuel Prices May Rise if Middle East Crisis Continues, Warns RBI Governor
Amid rising geopolitical tensions in the Middle East, the Reserve Bank of India (RBI) has indicated that prolonged instability in the region could lead to an increase in fuel prices in India....
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