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Centre cuts import duty on phone parts. How will it help Made In India mobiles?
The import duty on parts such as battery covers, main camera lenses, back covers, other mechanical items of plastic and metal, has been reduced to 10%.
Published on Jan 31, 2024 01:40 PM IST
2023: A year of food-price and climate shocks
The year was particularly challenging one, as the country was hit by intense heatwaves, erratic rains, floods, droughts, storms and cyclones
Updated on Dec 25, 2023 04:35 PM IST
India's trade exports fall by ₹1.7 lakh crore, now at $33.57 billion
India's merchandise trade deficit in November has narrowed sharply on subdued imports, falling to USD 33.57 billion.
Published on Dec 15, 2023 05:29 PM IST
Reuters |
Former Himachal CM Thakur accuses state govt of wasteful expenditure
Former Himachal CM Jai Ram Thakur has claimed that present state government has accumulated significant debt and accused them of wasteful expenditures
Updated on Jun 20, 2023 12:02 AM IST
HT Correspondent, Shimla
Apple growers from Himachal, J&K, Uttarakhand protest at Jantar Mantar
The protest by apple growers from Himachal, J&K, Uttarakhand was organised a day before workers and farmers are holding a rally at the Ramlila Grounds on Wednesday over high inflation, low wages and farm crisis.
Updated on Apr 04, 2023 10:29 PM IST
HT Correspondent, New Delhi
India puts on hold proposal to cut import duty on edible oils: Report
The world's biggest vegetable oil importer was considering reducing duties after domestic soyoil and palm oil prices more than doubled in the past year, hitting consumers already stung by record fuel prices and reduced incomes amid Covid-19.
Published on Jun 17, 2021 01:24 PM IST
Reuters | , New Delhi/mumbai
AC imports plunge by 87% in January
Several Japanese AC manufacturers have raised this matter through their embassy but have been “advised” to set up facilities in India as these restrictions are part of the government’s Make In India policy, said the people cited above.
Updated on Mar 15, 2021 05:50 AM IST
Rezaul H Laskar, New Delhi
Rajeev JayaswalSoaring gold prices, slow market dampen Diwali sales as Ludhiana jewellers put onus on govt policies
According to the city jewellers, they are facing a slowdown of over 50%
Updated on Oct 26, 2019 09:27 PM IST
, Ludhiana
Amarpal SinghKharif output expected to fall this year
The upshot of a projected decline in food output is that it is expected to, at least slightly, push up flat food prices, especially of grains.
Updated on Sep 11, 2019 03:51 AM IST
New Delhi | Zia Haq
Donald Trump escalates tariff war with China, India will be watching closely
US president Donald Trump’s decision to hike tariffs on Chinese goods by additional five % has escalated the trade war between the two countries. India will be watching these developments very closely as the only other country, apart from China, to have hit back against Trump’s unilateral duty hikes.
Updated on Aug 24, 2019 11:16 AM IST
Hindustan Times, Washington |
Yashwant Raj
Donald Trump’s China tariffs to increase cost of Bible, upsets religious groups
The US and China have been locked in a bruising trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year, a move that sparked fears of a global trade war.
Updated on Jun 26, 2019 11:21 AM IST
Washington |
Press Trust of India
India can boost export of 300 products to US, China amid trade war: Report
The identification of these products is part of a study carried out by the ministry which states that the ongoing tariff or customs duties war between the US and China proves a big window of opportunity for enhancing India’s exports to these two nations.
Updated on Jun 16, 2019 11:43 AM IST
New Delhi |
Press Trust of India
Mike Pompeo to focus on defence, trade ties during visit to India
In a speech roughly etching the contours of his planned June 24 visit, Pompeo confirmed the US approval and offer of sale of high-tech defence equipment to India such as armed drones, Terminal High Altitude Area Defence (THAAD) and Patriot-3.
Updated on Jun 14, 2019 06:38 AM IST
Hindustan Times, Washington |
Yashwant Raj
US to end trade privileges for India on June 5, says Donald Trump
India is the biggest beneficiary of the GSP, which allows preferential duty-free imports of up to $5.6 billion from the South Asian nation.
Updated on Jun 01, 2019 11:07 AM IST
Washington |
Yashwant Raj
Fears rise China could weaponise rare earths in US tech war
China is one of the world’s major suppliers of rare earth metals, a group of 17 elements that are widely used in high-tech products ranging from flat-screen TVs to lasers and military equipment.
Updated on May 22, 2019 08:33 PM IST
Hindustan Times, Beijing |
Sutirtho Patranobis
Donald Trump targets India on trade second time this week. Should New Delhi worry?
US president Donald Trump took yet another shot at India on ongoing trade differences and accused it Saturday of charging “over 100%” import duty on certain American goods.
Updated on Apr 07, 2019 12:32 PM IST
Hindustan Times, Washington |
Yashwant Raj
EU launches WTO case against India over import duties
The European Commission, which oversees trade policy for the 28-member European Union, said in a statement that the total value of affected EU exports was more than 1 billion euros ($1.1 billion) per year.
Updated on Apr 02, 2019 07:30 PM IST
Brussels |
Reuters
Piyush Goyal asks taxmen to refrain from being overzealous, advises biz to pay taxes ethically
The government in last few years has made an “honest attempt” to make the tax administration taxpayer friendly, and worked towards continuously bringing down tax rates, and make compliance easier.
Updated on Jan 25, 2019 11:49 PM IST
Press Trust of India |
Press Trust of India
‘India’s exports performance extremely good, but I’m not fully satisfied’: Suresh Prabhu
Commerce and Industry Minister Suresh Prabhu also hoped that the recently announced agri-export policy will help boost exports from the sector to USD 60 billion in the next five years and USD 100 billion in the next 10 years.
Updated on Dec 26, 2018 12:17 PM IST
New Delhi |
Press Trust of India
India again defers duty hike on 29 US products till January 31
Commerce and industry minister Suresh Prabhu will hold bilateral discussions on trade issues with US Commerce Secretary Wilbur Ross on February 14 in New Delhi.
Updated on Dec 18, 2018 05:32 PM IST
New Delhi |
Press Trust of India
US eyeing better trade deals with India, says Donald Trump
US president Donald Trump has referred to India as “tariff king” and raised a low-volume export– Harley-Davidson motorbikes – to call attention to India’s import duties.
Updated on Nov 15, 2018 12:04 AM IST
Hindustan Times, Washington |
Yashwant Raj
Govt may not further hike import duty on non-essential items
The government, within a span of two weeks, has hiked import duty on a host of household items like refrigerators and air conditioners, and telecom and communications system products as it looked to cut import of non-essential items.
Updated on Oct 14, 2018 01:10 PM IST
New Delhi |
Press Trust of India
In second round of import duty hike, govt increases rate on communication equipment
Import duty on populated, loaded or stuffed printed circuit boards of all goods other than mobile phones, base station and optical transport equipments has been raised to 10 per cent.
Updated on Oct 12, 2018 10:04 AM IST
New Delhi |
Press Trust of India
Government hikes customs duty on 17 items, list includes smart watches, telecom equipment
Products that have seen an increase from the current 10% duty to 20% include smart watches and telecom equipment.
Updated on Oct 12, 2018 07:50 AM IST
Hindustan Times, New Delhi | HT Correspondent
Jet Airways leads Indian airlines’ losses as government imposes import duty on aviation fuel
The finance ministry on Wednesday announced an import duty of five per cent on aviation turbine fuel which was nil earlier.
Updated on Sep 27, 2018 03:30 PM IST
Bloomberg |
Jill Ward
Customs duty hiked on ‘non-essential items’, flying, ACs, refrigerators to cost more
Curbing non-essential imports was part of the five-pronged steps announced by the government to check widening current account deficit and capital outflows.
Updated on Sep 26, 2018 07:59 PM IST
New Delhi |
Press Trust of India
India proposes 25% safeguard duty on Chinese, Malaysian solar cells
India, the largest importer of Chinese solar equipment, first proposed a 70% safeguard duty in January to protect its local industry.
Updated on Jul 17, 2018 01:15 PM IST
Bloomberg |
Anindya Upadhyay
Trump’s trade war has tied India and China in a marriage of convenience
Since May, China has made it easier for India to export non-Basmati rice, removed import duties on anti-cancer drugs and agreed to share data that predicts river flows between the two countries during the flood season.
Updated on Jun 28, 2018 11:35 AM IST
Bloomberg |
Karthikeyan Sundaram and Iain Marlow
India hits back at Donald Trump’s tariffs, raises import duties on agri, steel products
India raised tariffs on a slew of items in retaliation for the US imposing higher levies on some products shipped from the country, echoing steps taken by China, the European Union and other trading partners.
Updated on Jun 21, 2018 01:35 PM IST
China removes import duties on 28 medicines, including cancer drugs, India to get boost
China has exempted import tariffs (duties) for 28 drugs, including all cancer drugs, from May 1st
Updated on May 04, 2018 09:23 AM IST
Press Trust of India, New Delhi |
Press Trust of India
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