The Finance Ministry has imposed definitive anti dumping obligation on Solid Aluminium Alloy Wheels or Alloy Highway Wheels (ARW) imports from China. The definitive anti dumping obligation, legitimate for 5 years, ranges from $ 0.23 per kg to $ 1.71 per kg relying on the producer from China. Solid aluminium alloy wheels or ARW is … Read more
India’s thermal coal imports through the first 11 months of the present monetary yr, ending in March, have surpassed the shipments of FY23. Thermal energy crops (TPPs) have elevated their reliance on this dry gasoline to fulfill the rising energy consumption, anticipating peak demand to achieve 255 gigawatts (GW) throughout April-June 2024. Based on knowledge … Read more
The Pink Sea disruptions and recessionary developments within the West however, India’s items exports inched upwards in January 2024, posting a 3.12 per cent progress (year-on-year) to $36.92 billion, propped by sectors akin to electronics, engineering items and prescription drugs. Imports elevated 2.99 per cent to $54.41 billion in January 2024, with crude oil, electronics, … Read more
Air cargo motion to Dubai shall be impacted with an area terminal operator imposing 48-hour embargo on imports. The embargo, which is being imposed because of cargo backlog on the dnata terminal, shall be in place for 48 hours from Monday midnight. Emirates won’t be impacted because it operates from a distinct terminal. Nonetheless, Indian … Read more
Ram Kaundinya VIEWSROOM. Agriculture urgently requires elevated analysis investments to fight local weather change, preserve pure assets via modern seed and agronomic practices, increase yields of cotton and oilseed crops, and introduce nutrition-enhanced crop varieties. Supporting micro-irrigation and agricultural mechanisation is essential for water conservation and enhancing farmers’ profitability. Funding is required in strengthening farmgate … Read more
The All India Rubber Industries Affiliation (AIRIA), an organisation comprising over 1,400 small and micro industries, has urged the Centre to extend the Customs obligation on imports of completed rubber items as it’s decrease than levy on pure rubber shipments into the nation, mentioned AIRIA President Shashi Singh. Presently, the import obligation on pure rubber … Read more
India noticed a surge in metal shipments from China, up practically 50 per cent on a year-on-year foundation to 1.34 million tonnes (mt), and a 500 per cent rise in choices from Vietnam to 0.5 mt – supposedly a rustic via which extra Chinese language imports had been being routed – led to a sectoral … Read more
India’s metal ministry, in a bid to regulate imports, particularly from China, might think about establishing a high quality testing lab on the JNPT port, off Mumbai. Different safeguard measures mooted embrace reconsideration of the ‘lesser obligation rule’, and imposition of tariff quotas on the strains of the European Union. The ministry has additionally reached … Read more
The European Union has expressed disappointment over India’s rejection of interim arbitration to resolve the dispute over import duties on sure ICT (info and communications know-how) merchandise, together with smartphones and parts, and its `in void’ enchantment to the non-functional appellate physique. On the World Commerce Group’s dispute settlement physique assembly on Monday, India defended … Read more