Imports News
SAIL, Tata Steel to APL Apollo – Steel stocks rally up to 7% as DGTR recommends 12% safeguard duty to curb imports
Steel companies like NMDC Steel and SAIL saw shares rise up to 7% following DGTR’s recommendation for a 12% safeguard duty on certain steel imports.
1 min read19 Mar 2025Govt allows Indian Potash Ltd to continue urea imports till March 2026
Govt extends IPL’s urea import mandate till March 2026 to ensure stable supply and price control, as India continues to rely on imports despite efforts to boost domestic fertilizer production.
3 min read19 Mar 2025Commerce ministry recommends 12 pc safeguard duty on certain steel products for 200 days
Commerce ministry recommends 12 pc safeguard duty on certain steel products for 200 days
1 min read19 Mar 2025Fixed quota of US oil imports on cards as govt gears for trade pact negotiations
As talks are underway for the bilateral trade agreement, energy imports, both oil and gas, from the US would play a key part in the talks
5 min read17 Mar 2025Who is Ranya Rao’s father? IPS officer in focus after step-daughter’s arrest; all about Karnataka DGP Ramachandra Rao
Kannada actress Ranya Rao was recently arrested at the Kempegowda International Airport in Bengaluru for attempting to smuggle 14.8 kg of gold. Following her arrest, her stepfather Ramachandra Rao is under the spotlight.
1 min read6 Mar 2025Mint Quick Edit | Ranya Rao arrest: Let gold enter India duty-free
India’s import duty on gold was cut to 6% last year but smuggling seems to persist. In this season of tariff rejig plans, maybe we should allow this much sought-after precious metal in freely.
1 min read6 Mar 2025Skoda consignments won’t be stopped over $1.4 bn tax dispute: Govt to Bombay HC
Skoda Auto allegedly used a software to break down vehicle orders into components and sub-assemblies, which were imported at a lower duty of 5-15%, instead of importing completely knocked down (CKD) kits and paying a 35% duty, according to the government.
3 min read17 Feb 2025Bourbon whiskey import duty slashed from 150% to 50%: How much will your favourite whiskey cost now?
India has announced an import duty cut on US-made bourbon whiskey, slashing the taxes from 150% to 50% in a run up to PM Narendra Modi’s talks with US President Donald Trump. Here is how much bourbon whiskey price will be after the duty cut.
2 min read15 Feb 2025Modi-Trump meet: Energy will be a strong component of India-US ties, says Puri
The US is currently the fifth largest oil supplier to India, even as Russia has emerged as top import destination for oil.
2 min read12 Feb 2025Indian steelmakers, already reeling under lower prices, brace for impact of Trump’s 25% tariff
While the steel secretary downplayed the impact of the US tariff, domestic producers fear price drops and market distortions from increased imports, particularly as India becomes a target for surplus steel.
4 min read11 Feb 2025Popular Topics
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