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Saturday, April 27, 2024
TopicImport duty

Topic: import duty

Centre slashes import duty to 10% on select phone parts, boost for Apple, Xiaomi

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.

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

Indira, Manmohan, Modi, all raised income inequality. Until Hindu fears took the driving seat

The issue of inequality has assumed the blazing limelight at a time when inequality in India is said to be higher than it was in the British Raj. It's a ripe situation for half-truths and incendiary statements.

Foreign policy resonating among more Indians in 2nd & 3rd tier towns of India, says EAM Jaishankar

Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.