The doubling of Clean Energy Cess from Rs 200 to 400 per tonne would further increase the input cost for domestic producers.
The Rs 250,000-crore (Rs 2.5 trillion) domestic jewellery sector is likely to be hit hard by frequent rises in gold import duty and the sustained depreciation of the rupee against the dollar.
The Indian government should urgently consider imposing safeguard or anti-dumping duties on imports of two construction equipment segments - crawler excavators and tower cranes - as Chinese companies are rapidly expanding their presence in these markets in India through 'predatory' pricing supported by lower raw material costs, substantial export subsidies, and extended credit schemes, said Sorab Agarwal, executive director at Action Construction Equipment (ACE).
Petrol and diesel prices have been increased by Rs 3 per litre each, marking the first hike in over four years, as state-run fuel retailers pass on some of the impact from surging global crude prices, which have been exacerbated by the Iran war.
The government pushed import duty on gold jewellery up by half to 15 per cent, the finance ministry said on Tuesday, setting it higher than raw gold duty in a move aimed more at protecting the domestic jewellery industry than stemming bullion imports.
US President Donald Trump asserted that the trade deal with India remains intact despite a Supreme Court ruling against his tariffs, while also claiming he used tariffs to stop a war between India and Pakistan.
Air India is significantly embracing artificial intelligence to enhance operational efficiency, improve customer services, increase revenues, and reduce costs as part of its ambitious transformation plan under the Tata Group.
Chinese phone maker Xiaomi's India unit has been slapped with a Rs 653 crore notice for alleged evasion of import duty, as per an official statement. A show-cause notice has been slapped on Xiaomi India following recovery of documents during searches on its premises that indicated remittance of royalty and licence fee to US and Chinese firms under contractual obligations, the union finance ministry said on Wednesday. Replying to an email query, a Xiaomi spokesperson said, "At Xiaomi India, we give utmost importance to ensuring we comply with all Indian laws.
InterGlobe Aviation, the operator of IndiGo, has approached the Delhi high court seeking a refund of over Rs 900 crore it claims to have paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs. The petition came up for hearing on Friday before a bench of Justices Prathiba M Singh and Shail Jain.
Sustained growth only if domestic manufacturing rises
The Confederation of Indian Industry (CII) has proposed a 20-point policy agenda to the finance ministry, including a conflict-linked emergency credit line guarantee scheme and tax rationalisation on energy inputs, to support MSMEs, exporters, and energy-intensive industries affected by the ongoing West Asia war.
American tennis player Learner Tien discusses the importance of financial awareness and planning for life after tennis, highlighting a growing trend among athletes to broaden their horizons beyond their primary careers.
India and the US have decided to reschedule their meeting to finalize the interim trade pact due to recent developments and implications, including changes in US tariffs.
Tata Motors' MD and CEO, Girish Wagh, has identified rising diesel prices as the most significant threat to India's commercial vehicle (CV) industry recovery, despite the sector recently surpassing its pre-FY19 wholesale peak. Diesel costs account for 25-50% of a truck operator's total cost of ownership, making any increase a critical concern for fleet economics.
A prolonged supply shock can transmit to lower incomes, and dampen confidence and sentiment, warns Aditi Nayar, chief economist, head-research and outreach, ICRA.
In a letter written recently to the Finance Minister, Pawar had said that arrears of sugar mills have risen to over Rs 10,000 crore (Rs 100 billion) and there was a need to hike import duty to curb shipments, which is putting downward pressure on local prices.
Delhi Police honours 106 personnel from the East district with commendation certificates and cash rewards for their outstanding performance and dedication to duty.
The rupee witnessed a volatile trading session and settled for the day on a slightly lower note, down 1 paisa at 90.66 against the US dollar on Monday, as traders assessed the details of the India-US interim trade framework.
Industry representatives say the government may be tempted to raise the duty on gold and silver by Rs 100 per 10 gram and Rs 500 per kg, respectively, to earn extra revenue at a time the economy is facing several challenges.
The ruling is expected to have wide-ranging consequences for global trade, businesses, consumers, inflation trends and household finances across the country.
European wines are set to enter the Indian market at lower prices under the bilateral free trade agreement as India will provide import duty concessions under the pact, an official said. Under the pact, the duty on EU wines would fall from 150 per cent to 20 per cent (for expensive ones).
The Supreme Court of India has stated that the current legal framework is sufficient to address hate speech, declining to intervene and create new offences.
Jammu and Kashmir Lieutenant Governor Manoj Sinha emphasised the importance of harnessing sports as a force for social transformation at a national 'Chintan Shivir' in Srinagar. He highlighted the need for collaboration between schools, communities, and families to create ecosystems where young athletes can discover their potential, and urged for greater support and resources for physical education teachers in schools.
However, worries on inadequate import and issues for the FTA pacts.
India may adopt a "calibrated" and a "step-by-step" approach to easing norms on investments originating from China, Union Commerce and Industry Minister Piyush Goyal said on Tuesday. He was in a conversation with A K Bhattacharya on Day 1 of Business Standard's two-day annual event, Manthan 2026. The minister said foreign direct investment (FDI) from China was certainly not "banned", but it goes through an approval process. "The government's approach at the moment is to accelerate the approval process."
The Bombay High Court has directed the Maharashtra government to compensate a lawyer and an ex-serviceman, Rs 50,000 each, for being unlawfully handcuffed by police, deeming it a 'humiliation'. The court emphasised the need to uphold the police motto of protecting the good and punishing the evil.
The conflict may disrupt Budget 2026-2027 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock, points out A K Bhattacharya.
Rajasthan Royals captain Riyan Parag voted in the Assam Assembly elections in Guwahati, accompanied by his parents.
India has protected the interest of domestic farmers and MSMEs by not extending any duty concessions on products across several sectors, including agricultural items such as dairy, as well as chocolates, gold, silver, jewellery, footwear, and sports goods, under the trade pact with Oman.
The Indian government is considering additional relief packages for vulnerable sectors like MSMEs to mitigate the impact of the ongoing West Asia crisis on the economy and inflation.
The Madurai Spinners Association has sought removal of import duty on cotton and cotton waste, to prevent mills going into the red.
The union government is expected to cut two per cent import duty in gold in the forthcoming budget, as local jewellers run out of inventory, a leading US brokerage said.
Actor-politician Vijay's newly formed party, Tamilaga Vettri Kazhagam (TVK), has made a surprising and strong showing in the Tamil Nadu Assembly elections, leading in nearly 100 constituencies and leaving established Dravidian parties like DMK and AIADMK trailing.
Sources had said in a meeting last month, the empowered group of ministers on food, headed by finance Minister Pranab Mukherjee, had recommended that the import duty on rice be scrapped.
Mammootty's greatness lies not in hiding his flaws, but in turning them into his most powerful acting tools, observes Sreehari Nair.
India will also launch a sovereign gold bond to lower physical demand.
Rajasthan Royals captain Riyan Parag voted in the Assam Assembly elections in Guwahati, accompanied by his parents. He is in Guwahati for IPL matches.
Maharashtra Chief Minister Devendra Fadnavis inaugurated the 69th All India Police Duty Meet (AIPDM) 2025-26, emphasising the need for police to stay ahead of criminals in the digital age and improve investigation skills.
'Looking at the situation purely on its Constitutional merits, the governor's conduct is defensible.' 'He is saying: You do not have a majority, so prove it. That is not an unreasonable position even if the timing and the political context make it deeply controversial.'
SUVs occupy greater road and parking space and ought to bear a higher tax, says FM
