This follows an earlier move in June this year when India imposed a stricter duty on jute imports from Bangladesh as bilateral relation gets increasingly tense.
Import tariffs are not an economic consideration for the government of India anyway, with data from Budget 2025-26 showing that customs duty isn’t a key revenue source.
A well-oiled nexus of carriers, receivers, airline & airport personnel keeps the racket running. As import duties & gold prices increase, the smuggling market becomes more lucrative. Read ThePrint investigation.
The European Union has imposed additional tariffs of 17-38% on imported Chinese EVs, which will lead to import duty of up to almost 50%. This could have significant impacts on India.
While US is seeking to protect its manufacturers by slapping high import tariffs, India is promising lower tariffs but only if foreign investors invest within a set timeframe.
PM Modi has in recent years promoted India as a smartphone manufacturing hub, prompting companies such as Apple, Xiaomi, Samsung Electronics and Vivo to expand assembly of phones.
The effective duty, which includes cess and other charges, on crude palm oil will be 30.25% while for refined palm oil it would be 41.25% from Wednesday.
In Episode 677 of #CutTheClutter, Shekhar Gupta explains why Modi government’s decision to cut import duties on gold might be the beginning of a reformist reversal.
According to data with the Association of Private Airport Operators, liquor imports for duty-free sales amounted to around $97 million, or 0.02% of total imports in 2018-19.
From coastal Andhra Pradesh to Jallianwala Bagh in Punjab, from bonfires in UP to midnight pledges in Chennai and Lahore, Vande Mataram was a war cry to galvanise people toward azaadi.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
A recent survey, quoted by Chatham House, shows 11% of Bangladeshis have a favourable opinion of India, 75% of China. That needs working on. For other South Asian neighbours as well.
A recent survey, quoted by Chatham House, shows 11% of Bangladeshis have a favourable opinion of India, 75% of China. That needs working on. For other South Asian neighbours as well.