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Enough room to curb illegal trade post duty cut on gold

The government’s reduction of gold import duty to 6% in the Union Budget is expected to curb gold smuggling, boost…

August 20, 2024 10:58 IST

export, import, export-import regulations, rbi, banking

Investment-linked import permits lead to Rs 1,100 cr inflows from tyre companies

The steps ministries and departments could take include changes in custom duty rate and non-tariff measures such as QCOs, and…

July 19, 2024 03:40 IST

crude oil, OPEC+, oil import, Petroleum Products, capacity building, infrastructure, Electric Vehicles

Demand for crude oil expected to peak – A positive for India?

From India’s perspective, any downward movement in prices of crude oil could act as a positive as it would ease…

July 9, 2024 15:48 IST

New forex norms empower banks, to ease exports via e-commerce

The circular issued by the RBI to banks authorised to deal in foreign exchange which will give them powers to…

July 4, 2024 03:30 IST

Adulteration practices increased in Indian Spices, failed to secure food safety standards.

Ensuring spice purity: Advanced techniques for detection of adulterants

Spices in food enhance the aroma, taste, and flavor of cuisine, meanwhile, the increasing economic value associated with these culinary…

May 24, 2024 18:05 IST

Edible oil imports declined 1st half of oil year

India imports about 58% of the total annual edible oil consumption of around 24 to 25 MT. In terms of…

May 15, 2024 06:00 IST

Govt aims quick imports of desi chana after duty abolition

The government last week removed import duty on desi chana while extending import duty exemption on yellow peas till October,…

May 10, 2024 03:00 IST

Israel-Iran conflict, geopolitical tension, Indian economy, crude oil, crude oil prices, inflation, fiscal deficit, current account deficit, RBI, rate cut decision, oil import

Can the Israel-Iran conflict impact India’s inflation and fiscal deficit situation- Read all details here

Economists said that the escalating tensions in the Middle East will have a key potential economic impact in India if…

April 17, 2024 13:16 IST

India’s share of US’ ICT Imports falls over years

Over the same period, the share of intermediate goods in world merchandise trade dropped from 58% in the second quarter…

April 11, 2024 02:50 IST

Govt extends free import duty regime on yellow peas till June

In December, last year, the government allowed duty free import of yellow peas till March 31, 2024. Subsequently the government…

April 6, 2024 03:00 IST

Indian Embassy in US condoles “unfortunate accident” at Baltimore bridge

Several vehicles were crossing Baltimore’s Francis Scott Key Bridge, which is more than 2.6km-long when it collapsed after the container…

Updated: March 27, 2024 11:20 IST

India’s coal import rises to 212 MT in April-January period

During the April-January period of the current fiscal, the volume of non-coking coal imports was 136.47 MT, slightly lower than…

Updated: March 21, 2024 11:57 IST

exports, imports, trade deficit, merchandise exports, Red Sea crisis, trade growth, export momentum, core imports

India’s exports growth at a 20-month high amid Red Sea crisis; impact on export contract renewals key monitorable, says CRISIL

The near-term challenge to India’s exports due to the Red Sea crisis has been limited so far, however, the key…

March 20, 2024 16:47 IST

China Plus 1, Current Account Deficit, GDP, services exports, geopolitical risks, domestic market, manufacturing, logistics, PLI, Government capex, exports

China Plus Few – A theme adding to India’s growth!

Emerging economies have been a beneficiary of the theme “China Plus 1”, wherein multinational companies are moving supply chains away…

February 23, 2024 14:40 IST

Govt not considering cut in import duty on rubber: Official

Consumption during that fiscal was 13.5 lakh tonne.

February 19, 2024 18:18 IST

exports, merchandise exports, Red Sea, global tensions, depreciating rupee, merchandise imports, trade deficit, services exports, trade account deficit, global headwinds

India’s exports resilient in face of unfavourable conditions, says CRISIL; will it sustain?

Despite disruption in trade caused by strife around the Red Sea, exports have fared better than expected. This can be…

February 19, 2024 14:37 IST

January merchandise trade deficit at $17.49 billion

Economists had expected the country’s January trade deficit to be $20 billion, according to a Reuters poll.

Updated: February 15, 2024 15:50 IST

sake, Japanese alcohol, beverage, manufacturers, Indian consumers, Sake imports, FSSAI, consumption experiences, Japanese tax authority

Health awareness, compatibility with local cuisine drive demand for Japanese sake in India, says GlobalData

Sake imports to India received a boost after the Food Safety and Standards Authority of India (FSSAI) simplified import procedures…

February 15, 2024 10:37 IST

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M&M profit beats Street, rises 18% to Rs 4,521 crore

Business2 hr ago

M&M’s Q2 net profit rises 18% on strong tractor and light truck sales, surpassing expectations. However, SUV growth was slower. Better realisations, cost control measures, and investment gains boosted margins to 15.3%. Tractor and SUV volumes expected to grow in low double digits and high teens respectively for FY26.

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