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For the Union Budget 2026-2027, India’s gems and jewellery industry is urging the government for a mix of GST cuts, customs reforms and policy changes to counter global trade headwinds and improve export competitiveness. In its pre-Budget memorandum submitted to finance minister Nirmala Sitharaman, the Gem and Jewellery Export Promotion Council (GJEPC) highlighted measures aimed…
As the Union Budget 2026 is drawing closer, India’s precious metal refiners are have laid out their expecations from the finance minister. The sector is seeking relief from the current duty structure that favours importers as compared to local refiners, through free trade agreements. MMTC-PAMP managing director and CEO Samit Guha the duty gap has…
The Centre on Wednesday revised customs duties on display-related products to support domestic electronics manufacturing and fix the existing duty structure. The Union finance ministry raised the Basic Customs Duty (BCD) on flat panel displays to 20%, while reducing the duty on open cells and key components to 5%. The changes are aimed towards strengthening…
Budget 2026: As the Union Budget for the financial year 2026-2027 draws closer, Indian companies are expecting a GST like transformation in the customs duty framework to promote trade facilitation and simplify dispute resolution. Key demands include a rationalisation of customs duty rates, a reduction in the number of duty slabs, and the introduction of…
The IT industry body MAIT has urged the government to reduce basic customs duty on key electronic components and enhance tax incentives in the upcoming Union Budget to strengthen domestic manufacturing and improve global competitiveness.In its pre-Budget recommendations submitted to the finance and IT ministries, the Manufacturers’ Association for Information Technology (MAIT) proposed cutting basic…
Rationalising import duties and stepping up budgetary allocations in the upcoming Union Budget could give a strong push to domestic manufacturing and exports, Deloitte India said on Tuesday.The consulting firm said the Budget for 2026-27, which is scheduled to be presented on February 1, should build on the government’s ongoing efforts to strengthen manufacturing at…
The PM’s laudatory words for Gen Z at Viksit Bharat Young Leaders Dialogue came against the backdrop of a few opposition netas seeking to coopt them in their agitation against the Modi govt NEW DELHI: Lauding India’s Gen Z, PM Narendra Modi on Monday said it is full of creativity as he emphasised that his…
The Confederation of Indian Textile Industry (CITI) has urged the government to permanently remove the 11 per cent import duty on cotton in the Union Budget 2026, warning that the levy is aggravating cost pressures and hurting the global competitiveness of domestic textile and apparel manufacturers, PTI reported.A CITI delegation met Union Agriculture Minister Shivraj…
A government school headmaster in Murshidabad, Hamimul Islam, was found dead. He was appointed as a booth-level officer for electoral roll revision. BEHRAMPORE: The headmaster of a govt school in Murshidabad, who was appointed as a booth-level officer for the ongoing Special Intensive Revision (SIR) of electoral rolls, was found hanging in the school’s office…
Nagpur: A senior lecturer at a Maharashtra govt-run educational institute in Nagpur has been included for election duty on Jan 15, even though she has a chemotherapy session scheduled on that date, reports Abhishek Choudhari. The 56-year-old cancer patient’s college officially wrote to Nagpur Municipal Corporation (NMC) on Dec 26, seeking cancellation of poll duty,…
