Top headlines: ‘Capex route to economic revival’, gold import duty hike

The hike in import duty on gold is designed to dampen import demand. The basic duty hike to 12.5 per cent from 7.5 per cent also has a load of 3 per cent goods and services tax (GST). In an exclusive interview with Shrimi Choudhary and Arup Roychoudhury, Union Finance Minister … Read more

Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June

India has imposed windfall tax on oil producers and refiners who have boosted product exports to gain from higher overseas margins as the government seeks to increase local supply of fuels to meet rising demand and increase federal revenues. The country raised its basic import duty on gold to 12.5 per … Read more

Govt imposes windfall tax on oil producers, raises import duty on gold

The Centre on Friday slapped a windfall tax on domestic crude oil producers, imposed export duties on petrol, diesel and aviation turbine fuel (ATF), and hiked the import duty on gold in efforts to reduce pressure on the rupee, rein in the current account deficit (CAD), and increase the domestic supply … Read more

India raises import tax on gold to support rupee

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Jul 01, 2022  •  18 minutes ago  •  2 minute read  •  Join the conversation Article content MUMBAI — India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world’s second biggest consumer of the … Read more

Asian demand, rising costs squeeze Europe’s LNG import plan By Reuters

© Reuters. FILE PHOTO: Model of LNG tanker is seen in front of the EU flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration By Marwa Rashad LONDON (Reuters) -Europe’s plan to get through a winter of difficult Russian gas supply with significant imports of liquefied (LNG) is at risk, with U.S. supply curtailed … Read more

Top headlines: CIL issues import tender; Presidential election on July 18

Presidential election to be held on July 18, counting on July 21: EC Election for the next President of India will be held on July 18 in which 4,809 electors comprising MPs and MLAs will vote to elect incumbent Ram Nath Kovind’s successor, the Election Commission announced on Thursday. … Read more

Govt slashes base import price of palm oil; raises rate of soyoil

India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement late on Tuesday. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate … Read more