Columbia University professor and 16th Finance Commission chairman Arvind Panagariya, who was in India for the Kautilya Conclave, spoke to TOI, arguing that a weaker rupee will not just make exports competitive but will also keep the prices of finished imported goods higher. In an interview, he suggested tariff cuts, doing away with quality control…
Russia’s Arctic oil shipments exceeded 2025’s full-season total of 13 million barrels, with another 5-10 million barrels expected by the end of the current navigation period Russia has shipped nearly 20 million barrels of oil to Asia through the Northern Sea Route (NSR) since the start of the navigation season in July, almost 50 per…
File photo: Bottles of Absolut vodka, produced by Pernod Ricard, are displayed at a wine shop (Picture credit: Reuters) Indian tax authorities are investigating whether liquor makers Pernod Ricard and Diageo wrongly classified bulk Scotch whisky imports to claim lower tariffs under the India-UK trade agreement, Reuters reported, citing five industry sources familiar with the…
India puts coal import plan on hold, prioritises domestic production and transport (representative image) India has shelved a proposal to make power plants import coal to replenish dwindling stockpiles, as elevated international prices and a weaker rupee have increased the cost of overseas shipments, Bloomberg reported on Monday, citing people familiar with the discussions.The government…
The Bombay High Court examined whether accepting delayed performance could deprive homebuyers of their right to interest under Section 18 of RERA. (Image for representative purpose only) What happens if the possession of your dream home is delayed? You buy an apartment, sign an agreement, make the necessary payments, but the builder repeatedly fails to…
Sugar stocks slip after govt’s latest ethanol procurement tender NEW DELHI: Sugar stocks turned sour on Monday, tumbling over 5% after the government halted sugar-based ethanol supplies for 2026-27.Bajaj Hindusthan Sugar led the losses among the listed companies, with its shares falling 5.22% to Rs 20.16 on the Bombay Stock Exchange in early trade. Dwarikesh…
Global container freight rates have surged by 130 percent Global container freight rates have climbed 130% since February 2026, with renewed tensions in the Middle East driving up shipping costs. India’s container-based export-import trade, however, continues to expand, according to a Jefferies report.The surge marks a reversal after a prolonged period of easing freight rates….
India gets 100 per cent duty-free access for its goods exports to New Zealand. NEW DELHI: The Free Trade Agreement between India and New Zealand will be enforced on Tuesday (October 20), allowing duty-free access to Indian goods across Wellington’s entire market.The announcement comes from a ministry of commerce and industry presentation, cited by ANI.Labour-intensive…
The Assessing Officer restricted the deduction by approximately Rs 55 lakh. (Image for representative purpose only) You sell a property and reinvest the money you get from the sale in another property, and claim capital gains exemption in your income tax return. The catch however is that the property you buy as a replacement is…
US Secretary of State Marco Rubio NEW DELHI: US secretary of state Marco Rubio on Monday said that India and the US are close to finalising a trade deal. He also explained the reason behind Washington’s consideration of India energy needs before imposing sanctions or tariffs linked to Russian oil.Speaking to reporters in Samarkand, Uzbekistan,…
