The proposal, part of a broader government plan to cut 'non-necessary' imports to stop an outflow of dollars that has sent the rupee to record lows, will be discussed in the trade ministry today
1 min read19 Sep 2018In FY18, traders can import no more than 300,000 tonnes of green gram, also known as moong locally and black matpe or urad, says a government notification
1 min read21 Aug 2017European Union is moving to calm concerns that Chinese imports will destroy EU-based industries ranging from steel to solar, amid growing ties with China
3 min read4 Jun 2017Principal economic adviser in the finance ministry Sanjeev Sanyal says sectoral exemptions like tax breaks and import curbs introduce distortions in the economy
2 min read25 Apr 2017Retailers charging $12 an ounce over official domestic gold prices that include a 10% import tax, the premium is highest since mid-November 2014
2 min read19 Nov 2016Steel purchases fell to 654,000 metric tons in April, down from 994,000 tons in March
1 min read6 May 2016The curbs helped cut the deficit to a five-year low of $32.4 billion in the year ended 31 March from a record $87.8 billion, the central bank estimates
3 min read21 Aug 2014The 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