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RBI moves to quell forex reporting confusion, says individuals need not report imports, export earningsThe RBI on Wednesday clarified that individuals are not required to report imports or export earnings under the new foreign exchange regula...- India-bound sunflower oil cargoes face cancellation, delays as war disrupts Russian shipmentsThe Russia-Ukraine conflict has also delayed about 60,000 tons of sunflower oil bound for India, prompting Indian buyers to step up palm oi...
- Ambani's Reliance drives India’s Venezuela oil imports to seven-year highIndia is expecting to significantly increase its imports of Venezuelan oil this month due to appealing discounts. Venezuelan crude deliveri...
- India steel ministry unlikely to seek new curbs on cheap imports, government source saysIndia's steel ministry has decided against new measures to restrict cheap steel imports for now. The country is dealing with increased impo...
- US trade deficit widens in August amid strong importsThe US trade deficit increased by 13.7% in August, reaching $105.6 billion. This rise reflects strong domestic demand and increased imports...
- Pulses prices surge: Will cheaper imports bring relief to consumers? Stakeholders dividedIndia currently imposes a 10% import duty on red lentils and chickpeas, while yellow peas attract a 30% duty.
- Gold imports by nominated agencies may come under GST as Council weighs tax parityThe GST Council is set to meet on October 8, focusing on whether government agencies should be brought under the GST regime. As it stands, ...
- Niger or Nigeria? India probes soybean imports over suspected tax evasion, sources sayIndian customs officials are currently examining a notable uptick in soybean imports, which are purportedly sourced from Niger. Authorities...
- India's sunflower oil imports hit four-year low on Black Sea disruption; palm oil risesIndia’s sunflower oil imports fell 36% in September to their lowest level in more than four years as the Ukraine war disrupted Black Sea sh...
- GST exemption for banks, nominated agencies for gold, silver imports may be withdrawnThe GST Council may end the IGST exemption on gold, silver and platinum imported by banks and nominated agencies, sources said. The exempti...
- India needs competitive capabilities, import diversification: PK MishraP K Mishra emphasized India's approach to economic resilience during the Kautilya Economic Conclave. He noted the importance of maintaining...
- India's crude imports hit 2026 high in September as Gulf supplies surge despite Hormuz risksIndia’s crude oil imports rose to a 2026-high of 5.26 million barrels per day in September as Gulf supplies surged, with Iraq becoming the ...
- China fuel export suspension to choke supplies in AsiaChina's recent export restrictions on oil products have affected several major importers in Southeast Asia and Australia. Singapore has see...
- 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 ...
- 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...
- Govt extends import price curbs on two pharma raw materialsThe Directorate General of Foreign Trade has announced an extension of the minimum import price validity period. This extension will apply ...
- Indian economy strong but needs to cut dependence on energy imports, PMO official saysIndia's economy is reportedly stable despite ongoing global uncertainties and tensions affecting many countries. Domestic demand is a signi...
- US bans select Canadian products: Full list of alcohol, dairy, and motorcycle imports affectedNew US import restrictions on Canadian goods came into effect on September 29. The measures target selected alcoholic beverages, whey and o...
- US import ban on Canadian alcohol, other products comes into effectA new US import ban on various Canadian products including alcohol has recently taken effect. This ban follows months of escalating trade t...
- India's Russian crude imports fall to five-month low as refiners diversify suppliesIndia's crude oil landscape shifted in September as imports from Russia plummeted to their lowest since April, prompting refiners to seek a...
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