Wednesday, 26 January, 2022
TopicImport duty

Topic: import duty

Centre cuts import duty on crude palm oil to 10% to lower retail edible oil prices

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.

What govt’s decision to reduce import duty on gold says of our addiction to bad policy

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.

Duty-free liquor limit will save $50 mn or 0.01% of India’s total import bill of $500 bn

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.

GST is slowing down India’s renewables industry, cutting jobs potential, says study  

The study has been conducted by two nonprofits along with the Modi government’s Skills Council for Green Jobs. 

Customs duty relief offers sole Budget cheer for Army, Navy and IAF

In her maiden Budget, Nirmala Sitharaman has exempt the armed forces from paying customs duty on import of defence equipment.

Duty on 19 items increased: Back to License-Raj era or essential to cut down import bill?

The government has hiked import duty on 19 items, including washing machines, air conditioners, footwear, diamonds, jet fuel, as part of its plan to...

India seeks 25% duty on Chinese & Malaysian solar cells to shield domestic manufacturers

The duty has been proposed by Directorate General of Trade Remedies, a unit of the commerce ministry. 

On Camera

YourTurn

File photo of India parliament building | Bloomberg

Indian govt can’t introduce quality reforms because it’s ignoring these three issues

The basic structure of the Indian State and governance have remained the same as the British colonial administration in 1947.
Bottles of sunflower oil at a plant in Alekseyevka, Russia | Photo: Andrey Rudakov | Bloomberg

India to look at Brazil, Russia for sunflower oil as invasion threat looms over Ukraine

Ukraine is India's biggest supplier of sunflower oil. Any escalation in Russia-Ukraine tension is likely to hit edible oil prices in the country as 70% of its requirement is imported.

Defence

The photo of former PM Indira Gandhi with the three former service chiefs | Photo: Wikimedia Commons

‘Mystery’ brochure on 1971 War crops Indira Gandhi, Jagjivan Ram from images, courts controversy

Both images show the then service chiefs, but the former PM and defence minister is removed from them.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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