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
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
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
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
© 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
The US is not a major urea exporting country, and govt data shows that Indian imports from Washington in 2019-20 were only 1.47 tonnes Topics Urea | India imports | United States BS Web Team | New Delhi Last Updated at June 17, 2022 15:01 IST In a first, India will … Read more
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
Electricity generation companies (gencos) have started the process of importing coal for blending purposes, Union Power Minister R K Singh said on Tuesday. The Ministry of Power had on May 18 warned that if orders for coal imports are not placed by May 31, 2022 and the imported fuel … Read more
The government has directed state-owned CIL to be prepared to import 12 million tonnes (MT) of coal for power utilities for the next 13 months. The state gencos and independent power producers have sought time till Saturday afternoon to figure out the quantity of coal they require and the … Read more
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