Govt said to raise import taxes on vegetable oils to help farmers

Details of the Tax Increase: The news would likely include specifics about how much the import taxes on vegetable oils are being raised. It might detail the percentage increase and how it compares to ...

Details of the Import: The news would specify the amount of gold (160 tons) and the duration over which it will be imported under the concessional rate. It would also outline the specifics of the trad...

SEA's Concerns: The Solvent Extractors’ Association’s (SEA) reasons for opposing the extension would be highlighted. This could include concerns about the negative impact on exporters, the financi...

It is well-known that in recent years India has made substantial progress in Ease of Doing Business rankings and, importantly, in letting the world know about its investment opportunities. Under the i...

India's External Affairs Minister, S. Jaishankar, has indicated that while India is open to engaging in business with China, it’s crucial to carefully consider the terms of such engagements. Th...

India and Japan have agreed to deepen their financial cooperation and strengthen their bilateral ties. This move reflects their commitment to enhancing economic and strategic partnerships. The agreeme...

According to a report by the Agro Chemicals Federation of India (ACFI) and EY, India's agrochemical exports are projected to reach ₹80,000 crore (₹800 billion) over the next four years. This ...

India’s recent move to add two more ports for exporting essential commodities to the Maldives is a significant step in strengthening trade relations and ensuring a steady supply of vital goods to th...

The trade pact in question, which aims to enhance bilateral trade and economic cooperation, is now under scrutiny to ensure it aligns with India's economic interests and trade goals. This review ...

(1.)Trade Disruptions Quarantines and Restrictions: Outbreaks can lead to quarantine measures or trade restrictions. For example, countries may impose bans or additional controls on imports from af...

India has the potential to become a $10 trillion economy by 2032, driven by robust growth in manufacturing, digitalization, and infrastructure development. A report suggests that with strategic invest...

Piyush Goyal has recently unveiled two new portals aimed at resolving issues faced by exporters and enhancing transparency in the export process. These platforms will facilitate better communication b...

The Federation of Indian Export Organisations (FIEO) has called on the government to extend the interest subvention scheme for an additional five years. This extension is seen as crucial for supportin...

In a significant development, the Bangladeshi government has lifted its ban on Hilsa fish exports, approving a shipment of 3,000 tonnes to India just in time for the Durga Puja celebrations. Key Hi...

Indian steelmakers are pushing for higher tariffs in response to a significant surge in Chinese steel imports. They argue that increased tariffs are necessary to protect the domestic industry from unf...

The recent decision to slash onion export duties has sparked mixed reactions in Maharashtra, India’s largest onion-producing state. On one hand, farmers and exporters are optimistic, believing that ...

Economic Impact: A widening trade deficit often indicates that a country is importing more than it is exporting, which can lead to a negative balance of payments and potentially weaken the currency. ...

Quality and Standards: Ensuring that products meet international quality standards is crucial. Investing in technology and training can help improve production quality. Market Access: Creating bett...

India's exports have seen a notable increase of 4.86%, reaching $393.22 billion from April to September. This growth highlights the country's resilience in global trade despite various econo...

India's technical textile industry is projected to see exports exceed $10 billion by 2030, according to a statement from the Minister. This growth is expected to be driven by increased global dem...

1. Strategic and Security Cooperation: Defense and Security: Both India and the U.S. view each other as key strategic partners in maintaining peace and stability in the Indo-Pacific region. They have...

📦 What Is a Tariff?

A tariff is a tax that one country places on goods imported from another country. It makes foreign products more expensive in the domestic market. Governments often u...