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IMPORT DUTY REDUCTION
Industry body urges cooking oil firms to pass on import duty cut to consumers as festive season nearsIndian Vegetable Oil Producers’ Association calls on companies to reduce retail prices following recent government duty cuts. The duty redu...- US hackers face $1,000 monthly pay cut in controversial planCyber Command analysts, developers and operators with a basic-level proficiency are set to see their incentive pay drop by as much as $1,00...
- India imports 50% of gas needs, targets 10X CBG output: Hardeep Singh PuriIndia's Petroleum and Natural Gas Minister Hardeep Singh Puri emphasized the need for enhanced domestic energy production. Rising energy de...
- India steps up palm oil buying as tax cut spurs restockingIndia is increasing its palm oil imports after reducing import duties, prompting refiners to restock. More than 200,000 tons of crude palm ...
- Hegseth’s 20% Pentagon cut explained: Why plans to slash general and admiral positions may not mean hundreds of senior officers are losing their jobsDefense Secretary Pete Hegseth plans to reduce military positions reserved for generals and admirals by 20% by 2027. This initiative aims t...
- Pulses import duties may ease over poor rainsAt present, imports of chana attract a 10% duty, while yellow peas are subject to a 30% duty. Tur and urad imports are allowed duty-free un...
- India's sunflower oil imports seen up 30% on duty cut, industry official saysIndia’s sunflower oil imports are expected to jump 30% to 3.5 million tonnes in 2026-27 after the government cut the basic import duty on c...
- Crude surged. Why didn’t India’s petrol prices?As the West Asia conflict drove up oil costs, India kept a much larger rise from reaching the pump. This explainer dives into how protectio...
- Happy Hours! UK trade pact brings scotch prices down in IndiaScotch prices in India have decreased significantly for the first time following the India-UK free trade agreement. Major brands like Johnn...
- India has ‘insulated' itself from the 'turbulence' of crude supply shock: Hardeep Singh PuriUnion minister Hardeep Singh Puri said India has so far insulated itself from crude oil and natural gas supply disruptions caused by the We...
- Food Ministry asks edible oil firms to pass on full benefit of import duty cutsThe Food Ministry has requested edible oil companies to reduce distributor prices following recent import duty reductions. This directive a...
- 'Busan Agreement' explained: What the US-China trade truce means for world tradeUS Treasury Secretary Scott Bessent announced the extension of the Busan Agreement until January 10, 2027. This extension allows both sides...
- Retail prices of cooking oils may fall after duty cut: Industry body IVPACooking oil prices could ease after the government cut import duties on crude and refined sunflower, soybean and palm oils, industry body I...
- Govt cuts edible oil duty to ease pricesThe government has cut customs duty on various edible oils, which includes crude and refined oils. These changes aim to reduce import costs...
- New Zealand route won’t help third-country goods claim India FTA benefits: Here’s what changesUnder the India-New Zealand trade pact, goods from third countries will not be eligible for tariff concessions, with preferential treatment...
- Manufacturing a bright spot; services presents a mixed bag: Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank"Despite the ongoing debate around the new GDP series, real GDP growth remained robust at 7.8% in the first quarter, highlighting the econo...
- Indian tech industry bodies call for joint work to achieve national goals at Semicon India 2026This is the first time major industry bodies, semiconductor groupings Semi and Indian Electronics and Semiconductor Association (IESA), mob...
- US tariffs on India: A timeline of duties, deals and reversalsIndia and United States trade saw tariff changes since April 2025. Tariffs were imposed and later rescinded due to geopolitical events. A t...
- India clears 642 UK car imports under FTA in two months of implementationIndia has approved import quotas for 642 passenger vehicles from Britain. These imports will benefit from concessional tariffs under a new ...
- India considers cutting vegetable oil import taxes as prices climbIndia is considering lowering import taxes on vegetable oils. This move aims to curb rising food inflation ahead of festival season. Lower ...
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