Import Duties

EU, China, Thailand seek to join WTO consultation over India's ICT products tariff

he European Union, China, and Thailand have expressed interest to join consultations in a case filed by Japan at the WTO against India's import duties on certain information and communication technology products, including mobile phones

US withdrawal of duty sops: India's import tariffs not high, within global trade norms of WTO: Govt

The bilateral trade has increased to $74.5 billion in 2017-18 from $64.5 billion in 2016-17. India has a trade surplus with the US. America has also raised this issue.

Govt hikes import duty on select communication items to up to 20% to check widening CAD

The CAD widened to 2.4 percent of the GDP in the first quarter of 2018-19.

Donald Trump steps up attacks on US Federal Reserve rate hikes; says 'the Fed is out of control'

US President Donald Trump on Thursday escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices.

Farmers on the war path: Solution lies not in MSP, but in giving farmers a share in the revenue

Unless the farmer gets a fair price for his produce, he will remain exploited.

Jet Airways shares tank 5% as company delays part payment of August salaries to pilots and senior management

Jet Airways has told its pilots, aircraft maintenance engineers and senior management team that part of their August salaries will be paid by 9 October

India-US 2+2 talks: US defence official says America 'bullish' on high level meet even as concerns rise over S-400 deal

The upcoming India - US - India 2+2 talks - an apex bilateral meetup in New Delhi next week - is not just ‘historic’ but will throw up a set of ‘very concrete outcomes’ which will serve as enablers for the India US relationship well beyond the high optics of September 6 and 7, a top official of the US Defence Department in Washington DC Wednesday.

US grew at brisk 4.1 percent last quarter; Donald Trump claims America is 'economic envy of the entire world'

The U.S. economy accelerated last quarter at an annual rate of 4.1 percent, the government estimated Friday, as consumers spent tax-cut money, businesses stepped up investment and exporters rushed to ship their goods ahead of retaliatory tariffs.

How will Trump steel and aluminium tariffs work? Experts weigh in

By offering countries a way to escape the tariffs, Trump might have eased the risk of a destructive trade war. At least for now. But "it introduces a lot of uncertainty," says Wendy Cutler, a former U.S. trade official now at the Asia Society Policy Institute. "You're going to see countries camping out in Washington and trying to figure out who they need to talk to." Here's a closer look at what Trump's action does, how it would work and whether it's likely to succeed.

Budget 2018: Imported items including mobiles, footwear, motorcycles to get costly as govt hikes customs duties

A large number of imported items including mobile handsets, cars will become costlier as Arun Jaitley hiked customs duties on these products in Budget