RoDTEP gives refunds to exporters on embedded taxes & duties. But, Indian Steel Association says govt's move doesn't cover sector, which remains weighed down by 4-12% of levies.
While the country of export has not been specified, it is to note that Saudi Arabia recently carried out trials of Bharat 52, a 155 mm, 52 calibre towed howitzer, made by the company.
Between January and May this year, India-US goods trade touched $55.57 bn compared to $40.27 bn in the same period in 2019. Experts say surge largely driven by Indian exports to US.
Commerce ministry data shows that in April and May, India’s exports to China declined by 31% while imports grew by 12.75%. Overall trade grew by just 2% compared to previous year.
According to the govt, the Rs 6 a litre export duty on petrol was scrapped & the tax on export of diesel and jet fuel was cut by Rs 2 per litre each to Rs 11 and Rs 4 respectively.
Parchinkari art form continues to be practised using technology that has remained unchanged for the last 400 years. It now supplement Agra’s original ODOP, leather goods.
The procurement of high-technology legacy weapon systems must be reviewed. In the era of drones, what use does a $100 million Apache attack helicopter have?
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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