India and the European Union are set to announce on January 27 the conclusion of negotiations and finalisation of a free trade agreement, which is aimed at boosting economic ties between the two regions amid disruptions in global trade due to US tariffs, an official said.
A govt report on Wednesday recommended reining in gold imports to curb deficit.
JD(U) president Nitish Kumar has stated his intention to continue monitoring development work in Bihar, despite stepping down as chief minister. He plans to spend most of his time in Bihar, ensuring the continuation of previous good work under the new government.
In August 2013, import duties on gold, silver and platinum were hiked to 10 per cent in order to curb the surging imports and also to check CAD.
Trump administration will use "alternative legal authorities" to enforce tariffs on the countries, assuring that the tariff revenue will remain unchanged.
Textiles, pharmaceuticals, chemicals, engineering goods, gems and jewellery exports will receive a boost from the free trade agreement between India and the 27-nation European Union, according to exporters.
Following a Supreme Court setback, Donald Trump has announced an increase in global tariffs from 10% to 15%, impacting international trade relations and raising concerns about economic repercussions.
In a major setback to Trump's pivotal economic agenda for his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the president on nations around the world were illegal.
Putin's State visit will centre on fixing the huge India-Russia trade imbalance, with both sides pushing to lower duties, ease non-tariff barriers, and seal a landmark mobility pact to send more Indian workers to Russia.
Kerala's General Education Minister V Sivankutty has criticised former DGPs R Sreelekha and T P Senkumar for their alleged adverse remarks against the police, questioning the timing and appropriateness of their statements.
Chief Justice of India Surya Kant has cautioned against the uncritical adoption of Artificial Intelligence in the judiciary, emphasising the need to balance technological advancements with human intellect and ethical considerations.
Venkatesh Iyer discusses his role within the Royal Challengers Bengaluru (RCB) team, his motivation despite limited playing time, and his experiences with Kolkata Knight Riders (KKR). He also praises Dinesh Karthik and Rajat Patidar.
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.
A teacher's bike was stolen from outside a private school in Gurugram, with the incident captured on CCTV.
The Congress party has criticized the Indo-US trade agreement, calling it a 'surrender' of India's self-esteem and interests, and a betrayal of Indian farmers and MSMEs.
The petroleum ministry on Friday reaffirmed the government's commitment to maintaining stable petrol and diesel prices, despite India's high dependence on imports.
India's rapidly ageing truck fleet, with 42% of vehicles over 12 years old, is set to trigger a replacement-driven growth of 3-5% annually over the next five years.
Supreme Court judge Justice B V Nagarathna stated that judicial independence in the modern era is not just freedom from external power, but also from algorithmic influence, while speaking at a conference in Bengaluru.
India's GST revenues experienced significant growth in March, reaching pre-tax cut levels, driven by increased imports and domestic sales. The report analyses the impact of tax rate changes and provides insights into future trends and economic stability.
If the country wants to have eco-friendly vehicle, definitely some concessions have to be offered.
Voting has commenced for the assembly elections in Tamil Nadu and West Bengal, with over 3.60 crore electors eligible to vote in 152 constituencies in Bengal and 5.73 crore voters in Tamil Nadu. Security measures are heightened to ensure free and fair polling.
Aimed at curbing gold imports and relying more on domestic supply, the government on Monday linked Gold ETF with gold deposit scheme.
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 and the United States are committed to finalising an interim trade agreement, despite recent challenges including the US imposing a blanket 10 per cent surcharge and India's decision to wait for a new global tariff architecture. The US Trade Representative's annual report highlights India's maintained high import tariffs and various non-tariff barriers across several sectors.
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.
New Delhi is considering a diplomacy drive to get Sri Lanka to bring down import duty on automobiles from New Delhi.
Calling such reports baseless, Finance Minister Nirmala Sitharaman said there was no such move under consideration.
India and the European Union (EU) on Tuesday announced the conclusion and finalisation of negotiations for the proposed free trade agreement (FTA).
Commerce and Industry Minister Piyush Goyal announced that an interim trade agreement between India and the US is likely to be signed in March and operationalised in April, with chief negotiators meeting in Washington to finalize the details.
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.
The Enforcement Directorate has accused West Bengal Chief Minister Mamata Banerjee of obstructing its investigation into a Rs 2,700-crore coal smuggling case, alleging she used state machinery to halt a search of an I-PAC office in Kolkata.
Modi urged the youngsters to celebrate when they or a person around them becomes a voter for the first time.
India's defence sector is on the cusp of a 'super cycle' of growth, driven by escalating geopolitical conflicts and a strong policy push towards indigenous manufacturing, with major players like BEL, HAL, and BDL poised for significant order inflows and technological advancements.
The official also advised all the trade partners to abide by the trade deals. The new 10 percent global tariff is part of Trump's protectionist trade agenda, aimed at addressing balance-of-payments issues and unfair trade practices.
The Haryana government is launching an initiative to equip its employees with artificial intelligence (AI) skills through the iGOT Karmayogi platform, aiming to enhance governance and public service delivery.
This is the same level as the peak rate of the Association of South East Asian Nations.
Ahead of the key meeting called by the steel ministry with the industry captains on Monday to discuss the impact of rising steel imports, companies have raised the issue of cheaper 'substandard' inflows from China, Vietnam, and South Korea, saying they are setting the benchmark for domestic prices and squeezing the profitability of Indian producers.
Colonel Sonam Wangchuk, a decorated Kargil War hero known as the 'Lion of Ladakh' and recipient of the Maha Vir Chakra, has passed away. He was celebrated for his gallantry and leadership in securing the Chorbat-La in the Batalik sub-sector during Operation Vijay in 1999.
Several farmer organisations in India are protesting the proposed India-US trade deal, expressing concerns about its impact on the agriculture sector and demanding the resignation of the Commerce Minister.
The Bombay High Court has upheld a lower court's decision to frame murder charges against eight police officers in connection with the 2014 custodial death of Agnello Valdaris, citing inconsistencies in police records and evidence of custodial torture.
