The commerce ministry’s investigation arm has recommended a three-year safeguard duty on imports of certain flat steel products, citing a sudden surge in shipments that threatened serious injury to domestic producers, PTI reported.In its final findings, the Directorate General of Trade Remedies (DGTR) said it observed “a recent, sudden, sharp and significant increase in imports…
GST (representative image) The proposed revamped goods and services tax (GST) 2.0, developed through extensive consultations, aims to be more comprehensive than just rate adjustments. Officials, quoted by Economic Times, indicate it will fundamentally restructure the eight-year-old indirect tax system. The changes focus on resolving classification conflicts, duty inversions and operational challenges to provide businesses…
Irfan Pathan on X (Screengrab) Several current and former Indian cricketers, along with IPL franchises, took to social media on Friday to extend greetings on the occasion of India’s 79th Independence Day. The wishes came as Prime Minister Narendra Modi hoisted the tricolour at the Red Fort in Delhi, with celebrations taking place across the…
Trump tariffs could hit India’s economic growth (AI image) India’s economic growth could face a sharp slowdown if the 50 per cent tariffs imposed by US President Donald Trump remain in place for an extended period, according to Morgan Stanley. The impact could range between 0.4 per cent and 0.8 per cent, the bank said…
Union commerce minister Piyush Goyal and his British counterpart Jonathan Reynold during the signing of the Comprehensive Economic and Trade Agreement (CETA), in the UK. NEW DELHI: Indian negotiators are targeting labour-intensive goods and services to boost India’s tiny 1.9% share of UK imports. The new trade pact promises zero- or near-zero tariffs on textiles,…
Prime Minister Narendra Modi with his British counterpart Keir Starmer during a meeting at Chequers Estate, in UK. (Pic credit: AP) NEW DELHI: India finally relaxed its highly-controlled duty rates on imported cars with the UK trade deal paving the way for customs charges to come down from the highs of 100%+ to as low…
The US government on Monday announced a 17% import duty on most fresh tomatoes from Mexico, aiming to protect and revive its own domestic tomato industry. The move comes after talks with Mexican officials collapsed without reaching a new agreement to avoid the tariff.Mexico currently supplies about 70% of the US tomato market, up from…
PM Modi at Brics Summit NEW DELHI: Prime Minister Narendra Modi on Monday said that during India’s presidency, Brics would be redefined as ‘Building Resilience and Innovation for Cooperation and Sustainability’.Speaking at the environment and global health session, PM Modi emphasised the interconnection between planetary and human health, stating: “For India, climate justice is no…
The free trade agreement between India and the European Free Trade Association (EFTA) is likely to be implemented in the next couple of months, Commerce and Industry Minister Piyush Goyal said on Friday.India and the four-nation EFTA bloc—comprising Switzerland, Norway, Iceland, and Liechtenstein—had signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024….
Guru Nanak Dev University (GNDU), Amritsar has released a notification inviting applications for the position of Officer on Special Duty (OSD) on a contractual basis. The positions are open across multiple GNDU-affiliated colleges in Punjab.The online application process is currently open and will continue until July 14, 2025. Applicants must also submit a printed copy…