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Benchmarking its market access strategy to product sensitivity, India will grant quota-based duty concessions in the automobile sector while offering market access to alcoholic beverages under tariff reduction and minimum import price-based formulations under the trade pact with the United States, the government said on Monday, PTI reported. Under the agreement, tariffs on $30.94 billion…
The patience of Narendra Modi govt seems to have paid. The US-India joint statement issued by the White House on Feb 6 gives some relief. It indicates what is likely to come in the trade deal. It is still an ‘interim agreement’ and there is no explicit mention that India will stop buying crude oil…
Bollywood actor Rajpal Naurang Yadav on Thursday surrendered before the Tihar Jail authorities after the Delhi High Court refused to extend the deadline granted to him in connection with his conviction in multiple cheque dishonour cases.“He surrendered before the jail authorities at 4 pm on Thursday. Now the jail authorities will follow the standard operating…
Gold fell to below $ 4800/Oz in spot, halting a two-day gain, pressured by a rising US dollar after the Federal Reserve signaled caution on rate cuts. (AI image) Gold, silver prices have crashed again! Gold has dropped 3% to Rs 1.6 lakh per 10 grams, while silver is down 10% to Rs 2.68 lakh…
India’s 2026 Baggage Rules: Are UAE Travellers Finally Getting a Fair Deal? India has introduced a major overhaul of its customs baggage rules for 2026, bringing changes that will significantly benefit international travellers, especially UAE residents, Indian expats (NRIs) and tourists of Indian origin flying into the country. These changes come into effect from February…
NEW DELHI: You can loosen your purse strings a little more abroad. Travellers flying into India will now have enhanced duty-free limit, which for resident Indians has been hiked from Rs 50,000 to Rs 75,000. What’s more, duty-free import of one laptop for passengers above 18 years has now been allowed under Baggage Rules, 2026,…
India will restrict crude oil purchases from Russia and limit imports only to cases where supplies are irreplaceable, as part of a broader understanding reached with the United States to secure lower trade tariffs, sources quoted by news agency PTI claimed.While no immediate blanket ban is planned, Indian refiners will not place fresh orders for…
In a fresh development in the case concerning the detention of Bollywood actor Celina Jaitly’s brother in the United Arab Emirates, the Delhi High Court on Tuesday directed the Ministry of External Affairs (MEA) to facilitate legal representation for Major (Retd.) Vikrant Kumar Jaitly in Dubai and Abu Dhabi.As reported by ANI, Justice Purushaindra Kumar…
At present, the precise terms of the agreement have not been disclosed. (AI image) India-US trade deal: After months of stalemate, India and the US have finalised a trade deal that reduces tariffs imposed on New Delhi to 18%, placing the country at an advantageous position compared to other export competitors like China, Pakistan, Bangladesh,…
In a move expected to bring relief to employers and reduce routine tax disallowances, the finance bill has proposed a key change to the treatment of employees’ provident fund (PF), ESI and similar contributions, allowing deductions even where there is a delay in deposit, provided the amount is deposited by the employer entity with the…
