Customs duty cannot be levied on electricity supplied from a special economic zone (SEZ) to the domestic market, ruled the Supreme Court on Monday while upholding Adani Power's appeal against a 2019 judgment of the Gujarat high court. The 2019 judgment had denied relief to Adani Power from Customs duty on electricity supplied from its Mundra SEZ unit to the domestic tariff area (DTA).
The Supreme Court of India has upheld the Election Commission's documentation framework for the Special Intensive Revision of electoral rolls, affirming the commission's authority and stating that Aadhaar is not proof of citizenship.
'He is 500 times better than you think he is.'
If the country wants to have eco-friendly vehicle, definitely some concessions have to be offered.
The verdict marks a notable shift from a series of recent wins for Trump at the Supreme Court.
Prime Minister Narendra Modi on Tuesday announced the signing of the India-EU Free Trade Agreement (FTA), saying it accounts for 25 per cent of global GDP and one-third of global trade.
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.
These new tariffs were imposed by Trump on all countries, including India, on February 24 for 150 days following a Supreme Court verdict that struck down his earlier sweeping levies.
Aimed at curbing gold imports and relying more on domestic supply, the government on Monday linked Gold ETF with gold deposit scheme.
The Centre has granted a six-month extension to the Commission of Inquiry investigating the 2023 Manipur violence, pushing the deadline for its report to November 20. This marks the fifth extension for the panel, which was formed in June 2023 to probe the ethnic clashes that resulted in over 260 deaths.
Heinrich Klaasen has emerged as the cornerstone of Sunrisers Hyderabad's batting lineup in IPL 2026, consistently delivering impactful performances and justifying his hefty price tag.
Indian exports to the US will face a 10% tariff, down from 25%, for 150 days following a US Supreme Court ruling. However, uncertainty persists due to potential further tariff hikes and long-term implications.
Environmentalist Sonam Wangchuk has voiced his support for the online 'cockroach' movement, urging the government to engage with the concerns raised by youngsters instead of suppressing their digital expression. He described himself as an 'honorary cockroach' and praised the movement's creative and non-violent approach to dissent.
Presently, customs duty on natural rubber, the principal raw-material for tyres is 20 per cent, whereas the customs duty on tyres (the finished product) is 10 per cent, or even lower depending upon preferential/concessional tariff under various regional/bi-laterial trade agreements.
India Ratings and Research predicts the Reserve Bank of India (RBI) will maintain the repo rate at 5.25 per cent throughout FY27, despite potential inflationary pressures from higher fuel prices, with inflation expected to remain within the central bank's tolerance band.
The finance ministry is considering raising import duty on gold by two percentage points to six per cent, as the surge in demand for the yellow metal threatens to further widen India's current account deficit.
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.
New Delhi is considering a diplomacy drive to get Sri Lanka to bring down import duty on automobiles from New Delhi.
The Madhya Pradesh High Court has declared the disputed Bhojshala complex in Dhar to be a temple dedicated to Goddess Saraswati, suggesting the Muslim community seek land elsewhere for a mosque.
Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.
US President Donald Trump will visit China from May 13 to 15 at the invitation of President Xi Jinping. The visit occurs amidst global tensions, including the war in West Asia and trade disputes between the US and China. Discussions are expected to cover China-US relations, world peace, and economic issues.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are reportedly incurring losses of Rs 18 per litre on petrol and Rs 35 per litre on diesel, as they continue to absorb rising crude oil costs without increasing retail prices. This situation is leading to expectations of a fuel price hike after upcoming state elections.
The Swadeshi Jagran Manch (SJM) is advocating for the termination of the moratorium on customs duties for electronically transmitted digital products, arguing that it hinders self-reliance, causes revenue losses, and restricts India's ability to tax emerging technologies like AI.
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.
'At the first sign of real trouble, that money will move. There will be a run.'
The Uttarakhand High Court has ruled that a father cannot avoid his responsibility to provide maintenance for his minor child by claiming the mother's income or his own financial obligations.
An underwhelming thriller that never quite hits a home run, despite a solid John Krasinski doing his best, observes Mayur Sanap.
India will not provide any duty concessions on British wines and is offering only limited import duty benefits on UK beer under the free trade agreement (FTA) between the two countries, announced on May 6, according to an official. The other sensitive agri products where India will not offer any reduction in the import duty include dairy products, apples, cheese, oats, animals and vegetable oils under the agreement with the United Kingdom.
Congress party chief Sonia Gandhi has written to the government, to ask for a cut in the record import duty on gold and for other restrictions to be eased.
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).
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.
Petrol and diesel prices in India have been increased by Rs 3 per litre each, marking the first rate hike in over four years. This decision follows a period of stable prices during recent state elections, despite rising global crude oil prices and significant losses for fuel retailers.
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.
India and New Zealand are poised to sign a free trade agreement (FTA) on April 27 in New Delhi, aiming to provide tariff-free access for Indian goods to New Zealand's market and attract USD 20 billion in investment over the next 15 years.
Petrol and diesel prices in India have been increased for the second time in a week, following a long freeze on revisions. The increase comes as global crude prices surge and state-run oil firms look to recoup losses.
Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi strengthened the Enforcement Directorate to combat financial crimes like money laundering and corruption, dismissing allegations of it being used to target political opponents.
Royal Challengers Bengaluru's director of cricket, Mo Bobat, attributes the team's IPL success to a 'hunter mindset' that prevents complacency after their previous trophy win. This psychological shift has been key to maintaining motivation and focus.
BJP MP Abhijit Ganguly has alleged lapses in the CBI probe into the rape and murder of a doctor at RG Kar hospital, demanding an investigation into the role of a senior agency officer. Ganguly claims crucial aspects were not examined, including a sealed room and a staircase allegedly used to move the body. He also referenced a video allegedly suppressed by the CBI officer.
The Supreme Court of India has permitted euthanasia for rabid, incurably ill, or demonstrably dangerous stray dogs to mitigate the threat to human life. The ruling includes several directives to manage the rising stray dog population, emphasising public safety and animal welfare.
This is the same level as the peak rate of the Association of South East Asian Nations.
