A review meeting was convened for the North Zone States and Union Territories to encourage greater utilisation of the PM GatiShakti National Master Plan (NMP). It was chaired by Sumita Dawra, Special Secretary (Logistics), DPIIT, in virtual mode. The meeting witnessed active participation from States and Union Territories– Punjab, Himachal Pradesh, Chandigarh, Jammu & Kashmir, […]
Centre has reportedly imposed a 20 per cent export duty on parboiled rice as the paddy production is under a cloud due to excess rains in Punjab and Haryana and deficient showers in east India. According to the report, the move was aimed at maintaining adequate local stock and keeping the check under domestic prices. […]
India is not considering imposing any restrictions on exports of non-basmati parboiled rice, Food Secretary Sanjeev Chopra said on Tuesday. Last month, India surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. “There is no proposal as of now to […]
India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, according to four sources. The imports would allow New Delhi to intervene more effectively in the market to drive down […]
The Directorate General of Foreign Trade (DGFT) has imposed restrictions on the import of specific laptops and computers falling under HSN code 8471. The new regulations, effective immediately, pertain to laptops, tablets, all-in-one personal computers, ultra small form factor computers, and servers. As per the notification issued by DGFT, importers are now required to obtain […]
The import of potatoes to India from Bhutan will continue without any import license for another year, Bhutan Live reported citing the notification by the Union Ministry of Commerce and Industry. A similar exemption has also been made for areca nut export. Earlier, the Indian government had given import exemption for potatoes from Bhutan for […]
The import tax on refined soybean oil has decreased from 17.5 per cent to 12.5 per cent, while the import tax on refined sunflower oil has decreased by a comparable percentage. The decision to decrease charges is completely at odds with the market sentiment, which was anticipating a duty increase given the recent collapse in […]
India extended a policy allowing it to import refined palm oil at a lower duty and allowed the import of 51.000 tonnes of cotton duty-free in 2023; the government announced late Thursday. It has been extended “until further orders,” according to the government. India reduced the basic import tax on refined palm oil to 13.75 […]
