NEW DELHI: The Central government on Monday increased excise duty by Rs 2 each on petrol and diesel.According to a notification released by the revenue department of ministry of finance, the excise duty on petrol was increased to Rs 13 per litre and that on diesel to Rs 10.While the order did not say what…
Are Donald Trump’s sweeping tariffs on the US’s allies and adversaries working? Five days after the announcement sent global markets into a tailspin, nearly 50 countries have dialled the White House while a few others have decided to do away with tariffs on US imports altogether. Vietnam and Taiwan, among the countries to face the…
“Tariff is the most beautiful word in the dictionary,” US President Donald Trump said a day after his inauguration in January. Nearly three months later, he put it into action as he announced import duties varying from 10%-49% on 180 nations in his most sweeping tariff announcement to date. There was no reprieve for India,…
MI vs GT Live Score, IPL 2025: Mumbai Indians (MI) and Gujarat Titans (GT) face off on Saturday, both desperate for their first win of the IPL season. MI, led by Hardik Pandya, will welcome his return from a one-match suspension, hoping his all-round skills bring much-needed balance to the side. The five-time champions suffered…
NEW DELHI: Govt on Saturday announced scrapping of export duty on onions, a move that will bring relief to farmers and exporters who have been demanding the same due to bumper production. The ‘nil’ export duty will come into effect from April 1. Currently, there is a 20% duty on outbound shipment of onions.Revenue department…
NEW DELHI: India has achieved self-sufficiency in solar module manufacturing. But the feat has rendered domestic producers of polysilicon, wafers and ingots – the building blocks for modules – vulnerable to dumping by China-owned companies.The manufacturers of these inputs, who make up the solar industry‘s upstream segment, are now seeking safeguard duty (SGD) against Chinese…
NEW DELHI: Amid US president Donald Trump’s tariff war against Beijing, the call for duty protection against Chinese dumping is getting louder from domestic producers of polysilicon, ingot and wafers — making up the solar industry’s upstream segment that provides the building blocks for solar cells and panels.At a meeting with renewable energy ministry officials…
MUMBAI: The customs department stuck to its stand on its demand of Rs 12,000 crore duty from Skoda Auto Volkswagen India, saying it wants to bring the company in line with the law and with other auto importers, who are paying the same 30% duty on such imports. Additional Solicitor General N Venkatraman said the…
NEW DELHI: Amid pressure from the United States, govt has slashed the import duty on bourbon whiskey from 150% to 100% and lowered tariffs on several varieties of wines.Duty on wines made of fresh grapes, and vermouth, as well as some other fermented beverages and unadulterated ethyl alcohol with 80% alcohol strength have been cut…
NEW DELHI: As President Trump issued fresh threats of 25% tariff on all steel and aluminium imports into the US (on top of existing metal duties), India is getting ready to unbracket itself from countries he has called “worst tariff manipulators”, citing its recent duty cuts to point to a reduction in average duties in…