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INDIA PETROLEUM EXPORT DUTY
India cuts diesel export levy to Rs 1/litre from Rs 3, windfall tax to Rs 19As of September 1, the Centre has updated the export duties levied on petroleum products. Notably, the export charge on diesel has been red...- Deepening trade ties, FTA utilisation key to India's USD 1 trillion export target: CII's Sanjay BudhiaIndia aims for one trillion dollars in exports by 2026-27. This ambitious goal requires significant growth in both goods and services. Deep...
- War, weather push crop prices to biggest monthly gain Since 2012Crop prices saw their largest monthly jump in over a decade. Wheat prices reached a three-year high as Black Sea shipments were impacted. S...
- India eyes a global play after changing China's toy story at homeIndia is seeking to raise its global toy market share from under 1% to 5% by 2032, after higher import duties, safety standards and governm...
- India to seek greater Japan market access for basmati rice in CEPA review:Piyush GoyalIndia will seek greater market access for basmati rice in Japan. The nation also plans to expand processed food exports during trade agreem...
- Govt likely discussing import duty cut on gold and silver as high tariffs ‘fail’ to curb importsThe government is discussing a possible cut in gold and silver import duties after the higher rates failed to reduce imports and instead co...
- Commerce ministry meeting industry, exporters on India-US trade on September 1India's Commerce Ministry will meet industry leaders on September 1 regarding trade performance. This meeting precedes Minister Piyush Goya...
- India becomes key petrol supplier to Russia as refinery attacks biteIndia has become a key gasoline supplier to Russia recently. Russian fuel imports surged due to Ukrainian drone attacks on its refineries. ...
- US goods trade deficit widens 17% to $118.8 billion in JulyThe United States merchandise-trade deficit grew substantially in July. This shortfall reached its highest point since early last year. Inb...
- India Inc revenue growth to moderate to 13-15 pc in Q2; margins to contract: ReportIndia Inc's revenue growth is projected to contract to fifteen percent in the September quarter. Operating profit margins are expected to c...
- India Inc’s revenue growth to moderate to 13-15% in Q2 FY27; margins under pressure: ICRAIndia Inc’s revenue growth is expected to moderate to 13-15% in Q2 FY27 from 21.3% in Q1, ICRA said. Higher input costs could squeeze margi...
- India to divert 350,000 tonnes of sugar exports to local market amid shortageIndian refiners will divert 350,000 tons of sugar offshore to the domestic market. This move aims to ease a significant supply crunch and t...
- Food prices on the rise, domestic demand keeps economy strongIndia's economy shows resilience with improved domestic demand and strong economic activity. Food prices have seen a broad-based increase, ...
- India's sugar mills, refiners seen importing just half of duty-free quotaIndian sugar mills may import only half the allowed raw sugar quota. Falling domestic prices have reduced the profitability of these planne...
- Trump's 'Operation Economic Outcast' against Iran also includes four India-based companies over alleged linksThe United States has sanctioned four India-based companies over their alleged involvement in Iran-related petroleum and petrochemical trad...
- India's exports to Iran set to fall further due to Dubai halt, US sanctionsNew U.S. sanctions and UAE trade suspension may disrupt Indian exports to Iran. Rice, tea, and pharmaceutical shipments routed through Duba...
- India's goods trade deficit hits 6-month high as imports rise amid Middle East conflictIn July, India's merchandise trade deficit climbed to $31.98 billion, the highest in six months, largely attributed to increasing oil and e...
- India buys its most expensive LNG in years as war upends marketIndian energy companies are paying more than $23 per mmbtu for September LNG cargoes, among the highest prices for imports since 2022, as t...
- India cuts windfall tax on exports of petrol, diesel, aviation fuelIndia has reduced windfall taxes on petrol, diesel, and aviation fuel exports. The duty on diesel exports is now 24 rupees per litre, while...
- India’s July exports hit record $44.2 billion despite West Asia crisisIndia's goods exports grew significantly in July, driven by engineering and electronics sectors. Imports also increased, leading to a wider...
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