While import duty on walnut has been hiked to 120 per cent from 30 per cent, the same for shelled almond has been increased to Rs 120/kg from Rs 100/kg earlier. The import duty on chickpeas, Bengal gram (chana) and masur dal has been increased to 70 per cent from 30 per cent earlier, while … Read more
After lengthy second round of talks in Washington, the two sides issued a joint statement early today vowing not to launch a trade war against each other. “We’re putting the trade war on hold. Right now, we have agreed to put the tariffs on hold while we try to execute the framework,” US Treasury Secretary … Read more
Petronet LNG has dropped plans to buy 25% stake in GSPC’s Rs 4,500-crore Mundra LNG import terminal in Gujarat to allow its promoter IOC to pick a larger stake. Indian Oil Corporation (IOC) has been talking to Gujarat State Petroleum Corporation (GSPC) for almost two years now for acquiring 50% stake in the 5-million tonne … Read more