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Business Headlines: India plans to levy double the amount of tariffs on US after Trump’s threat

New Delhi, in reponse to the recent threat by the US to terminate its designation of as a beneficiary devloping country under the Generalised System of Preferences Programme, is contemplating levying tariffs on 10.6 billion $ worth of goods imported from the US. The tariffs by the US are set to kick in within 60 days and India would continue to work with the US to find a solution in the meantime. Forbes has released its list of richest individuals around the world for 2019. Jeff Bezos tops the list with a personal fortune of 131 Billion $. Amongst Indians, Mukesh Ambani leads the pack with a fortune of 50 Billion $. Kylie Jenner was named the youngest self made billionaire at the age of 21. Shares of DHFL surged 20% in morning’s trade as a review by an independent CA Firm stated that it had not created any shell companies and diverted any funds as were alleged by Cobra Post’s sting operation a month ago.

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