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Civil Aviation Authority of the Philippines has sent a team from its Flight Safety and Inspectorate Service to the crash site for further investigation. (Representational Image/ Pixabay)

Business

Airline stocks fall up to 5 pc on hike in import duty of jet fuel

Shares of Jet Airways tumbled 4.82 per cent, SpiceJet 1.95 per cent and InterGlobe Aviation 1.27 per cent on BSE.

27 Sept 2018 4:50 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Business

FinMin, RBI working out mechanism to ensure smooth India-Iran trade

The commerce secretary says India will impose duties on imports within WTO norms.

26 Sept 2018 8:17 AM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

Business

India considers raising import duty on steel to support rupee: reports

Steel ministry has proposed increasing import duty on some steel products to 15 pc from from 5 per cent to 12.5 per...

19 Sept 2018 11:13 AM IST

$Averting a trade war, China and the US on Sunday struck a deal under which Beijing will \significantly increase\ its purchases of American goods and services.$ Business

China says hard to proceed on trade with US putting 'knife to its...

US tariffs on $200 billion worth of Chinese goods and retaliatory taxes by Beijing on $60 billion worth of US products.

25 Sept 2018 10:39 AM IST

Walmart will invest Rs 900 crore to open 15 outlets catering to wholesalers in Maharashtra.

Business

Walmart warns Trump tariffs may force price hikes: letter

The letter comes days after US President Donald Trump slapped tariffs on $200 billion worth of Chinese goods.

21 Sept 2018 9:22 AM IST

Mr Gupta said that exports should be out rightly kept out of the purview of GST as paying the tax first and getting refund is cumbersome and is affecting exports.

Business

Finance Ministry pegs dollar value at Rs 73.65 for computing import...

The conversion rate for computation of duty on export of goods has been fixed at Rs 71.95 to a dollar.

20 Sept 2018 6:39 PM IST

Maharashtra Chief Minister Devendra Fadnavis suggested that the import duty on raw edible oil be increased up to 35 per cent and on refined oil by 50 per cent, a release issued by the CMs office said. (Photo: PTI)

Metros

Maharashtra CM seeks rise in import duty of edible oil

Fadnavis said in his letter, higher import duty will give relief to farmers and also an extra excise duty of Rs 8,000 cr...

14 July 2017 10:57 AM IST

Sugar production in India, the worlds second largest producer, is estimated to be lower at over 21 million tonnes this year.

Business

Sugar stocks shoot up post import duty hike to 50 per cent

Shares of Shree Renuka Sugars climbed 5.36 per cent and Dwarikesh Sugar Industries 4.69 per cent on BSE.

11 July 2017 1:11 PM IST

India, which is worlds second-biggest wheat producer, is looking to hinder wheat imports at a time when farmers are harvesting their crops.

Business

Import duty on wheat, dal back

Last December, the government had reduced customs duty on wheat to zero from 10 per cent to boost domestic availability.

29 March 2017 3:39 AM IST

The effective duty rate would be arrived at after deducting the value of the goods and the anti-dumping duty payable when the import price is below $504 per tonne.

Business

Govt slaps anti-dumping duty on steel imports

The government will gradually lower the duty from 10 per cent this year to 6 per cent by 2019.

24 Nov 2016 12:28 PM IST

Private traders have imported 1.72 million tonne (MT) wheat so far and total inbound shipments are expected to cross 2 MT this year.

Business

Govt slaps 10 per cent import duty on wheat, tur dal

As per the government's second estimate, wheat production is estimated at record 96.64 million tonnes in the 2016-17.

28 March 2017 1:53 PM IST

Business

Govt mulls hiking import duty on sugar to 60 per cent

Government had in April allowed import of 5 lakh tonnes of raw sugar at zero duty to boost domestic supply.

2 July 2017 3:00 PM IST