Sovereign gold bonds come at an issue price of ₹3,443 per gram, with a discount of 1.45%, which partially counteracts the customs duty hike of 2.5%For those who wish to invest in it, sovereign gold bonds have emerged has a highly efficient vehicle
3 min read8 Jul 2019The proposal for import duty hike on aluminium is under examination and the commerce ministry supports it, says minister Suresh Prabhu
1 min read26 Dec 2018Duty on telecommunication equipment and other goods increased to 20% from 10%
2 min read12 Oct 2018Suresh Prabhu's meeting with eight ministries will focus on non-tariff measures such as import substitution to curb rising trade deficit, minimise dollar outflow and thus help rupee stabilize
2 min read3 Oct 2018Even as the government has included consumption-related articles in their current list of import duty hikes, the fact that the share of these items is small in the overall pie means that the needle wouldn't move much.
3 min read28 Sep 2018The govt to raised import duties on 19 non-essential items, including refrigerators, air conditioners, accounting for annual imports worth 86,000 crore, to arrest a widening CAD and a weakening rupee
2 min read26 Sep 2018While exports of 68 steel items, facing 25% duty hike from the US, stood at $115 million in the June quarter, exports of seven aluminium items, facing 10% tariff hike, jumped to $164 million during the same period
2 min read4 Sep 2018Power and fuel costs account for nearly 30% of the overall cost and in the absence of strong demand and consequently subdued prices, input cost inflation will hurt margins of cement makers in the March quarter earnings
1 min read11 Apr 2018JLR will definitely reconsider India assembly operations because the CKD import duty hike affects pricing, volumes, and overall planning and investment decisions, says MD Rohit Suri
1 min read29 Mar 2018Customs duty on certain car parts, such as engines, transmission and brakes have been doubled to 15% from 7.5%, a move that will increase luxury car prices from April
3 min read14 Mar 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared