Import Curbs News

Industry

India considers raising steel import duty to support rupee

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 2018
Industry

Govt curbs import of green gram, black matpe

In 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 2017
News

As China eyes trade growth, Europe moves to calm wary industries

European 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 2017
Politics

Sanjeev Sanyal sees tax breaks, import curbs as distortions in the economy

Principal 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 2017
Market

Gold premiums jump 2-year high as retailers fear import curbs

Retailers 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 2016
Industry

Steel imports into India decline to lowest in year after curbs

Steel purchases fell to 654,000 metric tons in April, down from 994,000 tons in March

1 min read6 May 2016
Market

Gold refiner predicts import curbs by India may be permanent

The 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 2014

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Budget

The 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

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