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Another measure to facilitate traders, importers! Central Board of Indirect Taxes and Customs (CBIC) allows this
Sun, May 09, 2021
Central Board of Indirect Taxes and Customs (CBIC) has restored the facility for trade to provide an undertaking in lieu of bond for customs clearance of their goods.
5 pc import duty on key component used in TV manufacturing from Oct 1
Thu, Oct 01, 2020
Customs duty of 5 per cent has been imposed on import of a key component used in manufacturing of LED/LCD TVs from October 1, a government notification said on Wednesday
India opens dumping probe on Malaysia, Vietnam, Thai copper tube, pipe imports
Tue, Sep 29, 2020
India is investigating imports of copper tubes and pipes from Malaysia, Vietnam and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said
Nil import of Made-in-China Ganpati idols this year: CAIT
Sun, Aug 23, 2020
The Confederation of All India Traders (CAIT) on Saturday said that the import of 'Made-in-China' Ganesh idols has been nil this year.
US raises tariffs on Chinese import for goods worth $200 Bn
Wed, May 08, 2019
US raises tariffs on Chinese import for goods worth $200 Bn. Watch this video for complete details.
India plays ball with US on imports, set to get steel duty waiver benefit
Fri, Aug 03, 2018
The Union Ministry of Commerce is looking at delaying the implementation of reciprocal tariffs on US imports as it looks to pave the way for a congenial 2+2 bilateral dialogue in September and get exemption from US tariff on Indian steel and aluminium.
Don't let PNB fraud halt business lending: ASSOCHAM to Arun Jaitley
Sat, Feb 24, 2018
The industry body said the country can ill-afford cut down on lending at a time when the credit growth was about to recover and the economy was set to grow at a higher pace
Govt should reconsider GST on rough diamonds: GJEPC
Mon, Jun 05, 2017
Gem and Jewellery Export Promotion Council (GJEPC) welcomed the the government's move of keeping GST rate of 3% on gold and jewellery.
India GDP growth to remain flat at 7.1% in FY18: HSBC
Sun, Jun 04, 2017
India's economic growth is expected to remain flat at 7.1 % in current fiscal as investment is still weak and government spending might not be as high given the fiscal consolidation, says an HSBC report.
Growth in gold, crude oil imports sees three-fold rise in India's trade deficit
Mon, May 15, 2017
While gold imports in India rose three-fold during April, crude oil imports further grew by 30% putting more pressure on out trade deficit.
India's current account deficit widens in October-December: RBI
Thu, Mar 23, 2017
India`s current account deficit widened to $7.9 billion, or 1.4 % of gross domestic product, in the October-December quarter from the same period a year earlier, the Reserve Bank of India (RBI) said in a statement on Thursday.
India’s exports rise over 17%, first double digit growth in two years
Wed, Mar 15, 2017
Ministry of Commerce and Industry on Wednesday put out India’s foreign trade numbers wherein the country’s exports had grown in double digits for the first time since 2014, as analyst Firat Unlu from The Economist Intelligence Unit pointed out.
China's economy gets off to strong start in 2017 as investment rebounds
Tue, Mar 14, 2017
China issued a raft of upbeat data on Tuesday showing the economy got off to a strong start to 2017, supported by strong bank lending, a government infrastructure spree and a much-needed resurgence in private investment.
Imports like electronics, machinery go against Make in India: Assocham
Sun, Mar 05, 2017
Import of products which can be manufactured within the country runs contrary to the basic grain of the Make In India.
India attracted $32.5 billion foreign direct investment during April-November
Mon, Feb 06, 2017
India attracted $32.49 billion (nearly Rs 2,16,214.4 crore) foreign direct investment (FDI) in April-November of 2016-17, Parliament was informed on Monday.
Trade deficit may be in range of $100-110 billion by March-end: Report
Thu, Jan 26, 2017
Care Ratings has projected India's trade deficit in the range of $100-110 billion by the end of March this year.
India sugar output forecast to drop to lowest in seven years
Wed, Jan 25, 2017
India`s sugar production may fall to 21.3 million tonnes for the 2016/17 crop year, the lowest in seven years and 9 % lower than previously forecast, as drought has curtailed cane supplies in key producing states, a trade body said on Wednesday.
Toyota sees flat sales in India this year on note ban blues
Sun, Jan 22, 2017
Japanese carmaker Toyota is expecting its vehicle sales in India to remain flat during the current year mainly on account of uncertainty in the market post demonetisation.
Consumer Electronics Association hails govt's Rs 10,000-crore electronics manufacturing sop
Wed, Jan 18, 2017
The Union Cabinet on Wednesday approved amendment in the Modified Special Incentive Package Scheme (M-SIPS) to further incentivise investments in electronic sector.
India's trade deficit narrows to $10.37 billion in December
Fri, Jan 13, 2017
India`s trade deficit narrowed to $10.37 billion (nearly Rs 68,989.02 crore) in December from provisional $13 billion (nearly Rs 86,485.8 crore) a month ago, government data showed on Friday.