Export Duty Hike
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Russia Hikes Tourist Tax, Lifts Export Duties On Coal
A new tourist tax has come into effect across Russia on Wednesday, replacing the previous resort fee, local media on Wednesday.
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G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
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Sun Mission Is Fine, Centre Should Also Focus On Onion Issue: Team Uddhav
The Shiv Sena (UBT) said the Narendra Modi government can send a mission to the Sun, but it should first focus on the onion issue in the country or else the ruling party will not even not realise that their 2024 Lok Sabha endeavour will go haywire.
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Hiked Duty On Onion Exports Must Be Lifted: NCP Chief Sharad Pawar
Nationalist Congress Party (NCP) chief Sharad Pawar has said the 40 per cent duty on onion export must be revoked, and also claimed that the Union government might impose restrictions on sugar exports too.
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Centre's Assurance As Asia's Largest Onion Market Stays Shut For Second Day
Union Commerce Minister Piyush Goyal said procurement of onion crops at the 'historic' price of Rs 2,410 per quintal - a move in response to protests by farmers over the 40 per cent export duty on the staple vegetable - began at noon on Tuesday.
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India Hit By Emerging Market Investor Exodus As Rupee Tumbles
Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India's currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit.
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Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
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Government's Measures To Combat Inflation May Hurt Growth
India's export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening
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Mixed Reactions By Steel Industry On Export Duty Hike, Import Duty Waiver
Government's decision to remove import duty on certain raw materials of steel industry will lead to lower costs for domestic steel manufacturers
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Sensex, Nifty End Lower In Volatile Trade; Metal Stocks Dive On Export Duty Hike
Indian equity benchmarks on Monday settled lower in a volatile trading session, dragged by heavy losses in metal stocks.
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Shares Of Tata Steel, JSW Steel Nosedive On Bourses
Steel shares fell mainly in the aftermath of Government waiving off customs duty on import of some raw materials like coking coal and ferronickel
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Export Duty On Iron Ore Hiked Up To 50% To Increase Domestic Availability
To facilitate greater domestic availability, the duty on exports of iron ore has been hiked by up to 50 per cent by the Government
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Rupee Off Record Low, Logs Best Single-Day Gain In 18 Months: 10 Points
The rupee rose sharply against the US dollar to close at 72.37 on Wednesday, breaking its two-day fall. That marked the biggest single-day recovery in the rupee since March 14, 2017. The upmove in the rupee came on a day the government proposed a hike in effective import duty on some steel products, as part of its plan to cut "non-necessary" import...
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Commerce Ministry Studying Impact Of US Decision To Raise Tariff, Says Official
As per estimates, India exports steel and aluminium goods worth $2 billion to the US every year.
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Raise Drawback Rates to Make Up for Steel Import Duty Hike: Industry Body
EEPC India, a body of engineering exporters in the country, has said the government should increase duty drawback rates to make up for the recent hike in basic customs duty (BCD) on certain steel products.
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Russia Hikes Tourist Tax, Lifts Export Duties On Coal
A new tourist tax has come into effect across Russia on Wednesday, replacing the previous resort fee, local media on Wednesday.
-
G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
-
Sun Mission Is Fine, Centre Should Also Focus On Onion Issue: Team Uddhav
The Shiv Sena (UBT) said the Narendra Modi government can send a mission to the Sun, but it should first focus on the onion issue in the country or else the ruling party will not even not realise that their 2024 Lok Sabha endeavour will go haywire.
-
Hiked Duty On Onion Exports Must Be Lifted: NCP Chief Sharad Pawar
Nationalist Congress Party (NCP) chief Sharad Pawar has said the 40 per cent duty on onion export must be revoked, and also claimed that the Union government might impose restrictions on sugar exports too.
-
Centre's Assurance As Asia's Largest Onion Market Stays Shut For Second Day
Union Commerce Minister Piyush Goyal said procurement of onion crops at the 'historic' price of Rs 2,410 per quintal - a move in response to protests by farmers over the 40 per cent export duty on the staple vegetable - began at noon on Tuesday.
-
India Hit By Emerging Market Investor Exodus As Rupee Tumbles
Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India's currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit.
-
Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
-
Government's Measures To Combat Inflation May Hurt Growth
India's export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening
-
Mixed Reactions By Steel Industry On Export Duty Hike, Import Duty Waiver
Government's decision to remove import duty on certain raw materials of steel industry will lead to lower costs for domestic steel manufacturers
-
Sensex, Nifty End Lower In Volatile Trade; Metal Stocks Dive On Export Duty Hike
Indian equity benchmarks on Monday settled lower in a volatile trading session, dragged by heavy losses in metal stocks.
-
Shares Of Tata Steel, JSW Steel Nosedive On Bourses
Steel shares fell mainly in the aftermath of Government waiving off customs duty on import of some raw materials like coking coal and ferronickel
-
Export Duty On Iron Ore Hiked Up To 50% To Increase Domestic Availability
To facilitate greater domestic availability, the duty on exports of iron ore has been hiked by up to 50 per cent by the Government
-
Rupee Off Record Low, Logs Best Single-Day Gain In 18 Months: 10 Points
The rupee rose sharply against the US dollar to close at 72.37 on Wednesday, breaking its two-day fall. That marked the biggest single-day recovery in the rupee since March 14, 2017. The upmove in the rupee came on a day the government proposed a hike in effective import duty on some steel products, as part of its plan to cut "non-necessary" import...
-
Commerce Ministry Studying Impact Of US Decision To Raise Tariff, Says Official
As per estimates, India exports steel and aluminium goods worth $2 billion to the US every year.
-
Raise Drawback Rates to Make Up for Steel Import Duty Hike: Industry Body
EEPC India, a body of engineering exporters in the country, has said the government should increase duty drawback rates to make up for the recent hike in basic customs duty (BCD) on certain steel products.
