TARIFFS
Pakistan's federal cabinet approves hike of PKR 5.72 per unit in basic power tariff Pakistan's federal cabinet has approved a significant hike in the basic power tariff, raising it by PKR 5.72 per unit. This increase, effective from July 1, 2024, will raise the average electricity tariff to PKR 35.50 per unit. The move aims to cove...
04 Jul, 2024, 12.27 PM ISTChina's Xi Jinping greets EU Council president ahead of EV tariffs taking effect China's President Xi Jinping conveyed his congratulations to incoming European Council President Antonio Costa, emphasizing the importance of China-EU relations. This comes ahead of the European Commission's decision to impose tariffs of up to 37.6%...
04 Jul, 2024, 10.04 AM ISTTelecom tariff hike: Govt, regulator won't intervene in matter The government and the telecom regulator do not plan to intervene in telecom companies' decisions to raise prices, stating that tariffs in India remain among the lowest globally. Authorities, however, want the companies to enhance the quality of ser...
04 Jul, 2024, 06.00 AM IST- ADVERTISEMENT
There is a ring of truth to tariff hike India's telecom companies, including Reliance Jio, Bharti Airtel, and Vodafone Idea, are increasing tariffs to boost revenue and fund network expansion, following a lifeline from the Government of India for spectrum purchase. Despite high spectrum p...
03 Jul, 2024, 11.22 PM ISTCommerce ministry developing platform for registration, resolution of non-trade barriers "We are making a portal so that we can prioritise all the NTBs. Traders will register their complaints and the ministry will pursue that," the official said. In cases where the barrier is impacting a large volume of goods will be prioritised for the...
02 Jul, 2024, 04.29 PM ISTNo new duty concessions for milk, milk products imports: DGFT India has strictly limited milk and milk product imports under tariff rate quotas (TRQs) in accordance with WTO commitments. Santosh Sarangi, director general of foreign trade, confirmed that no TRQ imports are planned for the current year. TRQ impo...
01 Jul, 2024, 07.50 PM ISTJio, Airtel Tariff Hikes: Users can still avoid increased prices. Here's how Reliance Jio and Airtel will raise tariffs from July 3, 2024, to boost Average Revenue per User (ARPU), impacting millions of subscribers. Prepaid users can avoid hikes by recharging before July 3. Adjustments range from 12% to 25% for Jio and 11% t...
01 Jul, 2024, 11.05 AM ISTJio, Airtel, and Vodafone Idea announce massive tariff hikes: Here's how much it will cost you India's top telecom service providers, Reliance Jio, Bharti Airtel, and Vodafone Idea, have announced significant tariff hikes for their customers for prepaid and postpaid plans. The rate increases will take effect from July 3 and 4, 2024. The telec...
29 Jun, 2024, 08.34 PM ISTIndia steel, trade ministries in talks over rising Chinese imports India's steel and trade ministries are discussing the increasing imports of steel, especially the influx of cheap Chinese goods, according to a government source. The talks come amid ongoing requests from top producers for higher tariffs. India beca...
29 Jun, 2024, 02.16 PM ISTInterest equalisation scheme for exporters extended for 2 months; FIEO disappointed The scheme helps exporters from identified sectors and all MSME manufacturer exporters to avail of rupee export credit at competitive rates at a time when the global economy is facing headwinds. Exporters get subsidies under the Interest Equalisatio...
28 Jun, 2024, 10.05 PM ISTFive-yr extension expected for export credit scheme India is expected to extend a key support scheme for export credit to boost its export sector, which has been hit hard by a slowdown in developed countries. The commerce and industry ministry has proposed an extension of the interest equalisation sc...
26 Jun, 2024, 11.16 PM ISTCommerce min engaging with different departments on India, Korea FTA upgrade talks: Official India and Korea are progressing with talks to upgrade their existing free trade agreement (FTA), known as the Comprehensive Economic Partnership Agreement (CEPA). The Department of Commerce is collaborating with various ministries such as heavy indu...
23 Jun, 2024, 05.28 PM ISTIndia's exports grew 1.1%, but trade momentum to continue: CRISIL India's merchandise exports rose by 9.1% to USD 38.1 billion in May compared to last year, with a modest 1.1% increase from April, driven by both oil and non-oil sectors. Imports surged by 7.7% to USD 61.2 billion, mainly due to oil and core imports...
19 Jun, 2024, 01.37 PM ISTIndia has option to propose retaliatory duties on EU's safeguard measures on some steel products New Delhi, India can propose retaliatory customs duties under WTO norms on EU imports due to disagreement over EU safeguard measures on steel products. EU extended safeguard duties on steel imports till 2026, affecting India's steel exports to the E...
17 Jun, 2024, 06.56 PM ISTHigh tariffs on EVs to protect from Chinese imports, says trade ministry India's trade department said on Friday that the country's car market is "well-protected" through high tariffs on the import of electric vehicles, at a time when other major economies like the European Union have slapped tariffs on Chinese EVs.
14 Jun, 2024, 03.22 PM ISTIndian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the ...
08 Jun, 2024, 11.09 PM ISTChina's exports grow 7.6% in May, beating expectations despite trade tensions In May, China's exports surged by 7.6% year-on-year to $302.35 billion, surpassing expectations, despite ongoing trade tensions. Imports, however, grew only by 1.8%, missing forecasts of 4% growth. This led to a widened trade surplus of $82.62 billi...
07 Jun, 2024, 09.53 AM ISTEU carbon tariff: India preps for a fight at WTO India is considering challenging the European Union's Carbon Border Adjustment Mechanism (CBAM) at the World Trade Organization, which mandates non-EU steel producers to report emissions, impacting sectors like iron and steel, cement, and more.
31 May, 2024, 05.30 AM IST'US-China trade war escalation may lead to dumping of goods in India': GTRI The US on Tuesday reignited the trade war with China by announcing a series of proposed tariff increases on imports including electric vehicles (EVs), batteries, and various other goods.
14 May, 2024, 10.31 PM ISTIndustry asked to name items from areas where India can be self-reliant The fact that India's exports between April and January of FY24 were $3.7 billion and its imports, primarily from Russia's crude oil imports, were $51.7 billion, is what worries New Delhi. Additionally, the bloc has free trade agreements with Iran, ...
11 May, 2024, 12.14 AM IST