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'Merchanting trade' includes supply of goods within same foreign country

The CBEC Circular no.38/97-Customs dated 19th September 1997 says that any group company having status recognition as 'export house' under the FTP can give the corporate guarantee

'Merchanting trade' includes supply of goods within same foreign country
Updated On : 18 Mar 2025 | 12:03 AM IST

42% of director positions vacant on boards of 12 public sector banks

The Ministry of Finance, in a reply in Lok Sabha, said that the PSBs intimate the vacancies on the board of the bank and difficulties faced by them, if any, from time to time

42% of director positions vacant on boards of 12 public sector banks
Updated On : 17 Mar 2025 | 11:56 PM IST

Datanomics: More Chinese market access may help counter Trump tariff impact

While India can look for innovative ideas to balance it out, one of the options available may be to persuade China to give it more market access

Datanomics: More Chinese market access may help counter Trump tariff impact
Updated On : 17 Mar 2025 | 11:55 PM IST

Net direct tax collections rise 13% to Rs 21.3 trn till March 16 of FY25

Advance tax collections jump 14.6% during the period

Net direct tax collections rise 13% to Rs 21.3 trn till March 16 of FY25
Updated On : 17 Mar 2025 | 11:54 PM IST

India's exports shrink 10.9% in February, the worst show in 20 months

Imports also see first drop in 11 months, bringing trade deficit to over 3-yr low

India's exports shrink 10.9% in February, the worst show in 20 months
Updated On : 17 Mar 2025 | 11:29 PM IST

Govt assessing gains, challenges from US tariffs: Commerce secy Barthwal

Barthwal said govt is carrying out stakeholder consultations and assessing challenges, opportunities, and the broader impact of the additional tariffs imposed by the US on Indian exports

Govt assessing gains, challenges from US tariffs: Commerce secy Barthwal
Updated On : 17 Mar 2025 | 11:03 PM IST

India, New Zealand explore digital payments, trade, and investment ties

Prime Minister Narendra Modi, Kiwi PM promise to quickly designate representatives for trade talks

India, New Zealand explore digital payments, trade, and investment ties
Updated On : 17 Mar 2025 | 9:52 PM IST

RBI increases state bond auction amount to Rs 52,120 cr from Rs 40,120 cr

In the previous auction, the cut-off yield on 10-year state bonds was set in the range of 7.18 per cent to 7.27 per cent

RBI increases state bond auction amount to Rs 52,120 cr from Rs 40,120 cr
Updated On : 17 Mar 2025 | 8:50 PM IST

Brics mulling national currencies to foster trade: Brazil Ambassador

Brazil is optimistic about participation of economic actors, civil society, and businesses in the US to fight climate change

Brics mulling national currencies to foster trade: Brazil Ambassador
Updated On : 17 Mar 2025 | 6:16 PM IST

Net direct tax kitty rises 13% to Rs 21.26 trillion so far in FY25

During the year, the government collected Rs 10.44 trillion from four instalments of advance tax as against Rs 9.11 trillion in the previous fiscal, registering a growth of 14.62 per cent

Net direct tax kitty rises 13% to Rs 21.26 trillion so far in FY25
Updated On : 17 Mar 2025 | 5:41 PM IST

India's carbon market set for 2026 launch, BEE director reveals

Saurabh Diddi, director at Bureau of Energy Efficiency, explains India's carbon credit trading scheme, which includes mandatory compliance and voluntary offsets, aiming for a 2026 launch

India's carbon market set for 2026 launch, BEE director reveals
Updated On : 17 Mar 2025 | 5:01 PM IST

India's merchandise trade deficit narrows to $14.05 billion in February

Merchandise trade deficit for March was $14.05 billion, compared with economists' forecast of $21.65 billion

India's merchandise trade deficit narrows to $14.05 billion in February
Updated On : 17 Mar 2025 | 3:14 PM IST

WPI inflation rises to 2.38% in Feb from 2.31% in Jan on fuel and power

The fuel and power index increased by 2.12 per cent to 153.8 (provisional) in February from 150.6 (provisional) for the month of January

WPI inflation rises to 2.38% in Feb from 2.31% in Jan on fuel and power
Updated On : 17 Mar 2025 | 11:54 AM IST

Kerala's central tax share has halved from 10th to 15th FC: Vijayan

He tells that the Centre has double standards in dealing with borrowings of certain agencies in the state and those at the Centre as sovereign debt

Kerala's central tax share has halved from 10th to 15th FC: Vijayan
Updated On : 16 Mar 2025 | 11:53 PM IST

India, New Zealand restart FTA negotiations after a 10-year hiatus

The announcement coincides with New Zealand Prime Minister Christopher Luxon's visit to India

India, New Zealand restart FTA negotiations after a 10-year hiatus
Updated On : 16 Mar 2025 | 8:44 PM IST

India should seek reciprocity from EU on medical devices under FTA: GTRI

"To achieve a fair trade deal, India must demand reciprocity. India should cut tariff on medical devices only if the EU reduces its non-tariff barriers," Global Trade Research Initiative (GTRI) said

India should seek reciprocity from EU on medical devices under FTA: GTRI
Updated On : 16 Mar 2025 | 4:44 PM IST

Banking system in India remains strong despite market concerns

The RBI assures stability as IndusInd Bank addresses a one-time discrepancy, reinforcing the resilience of India's banking sector amid strong liquidity and regulatory oversight

Banking system in India remains strong despite market concerns
Updated On : 16 Mar 2025 | 12:22 PM IST

J&K Assembly passes Rs 7,019 crore grants for five key departments

During discussions, the deputy chief minister highlighted that the public works department oversees a 40,000-km road network and is set to blacktop 4,000 kilometres of roads in 2025-26

J&K Assembly passes Rs 7,019 crore grants for five key departments
Updated On : 15 Mar 2025 | 10:36 PM IST

J&K received 8,500+ investment proposals worth over Rs 1.69 trn: Dy CM

The government has provided land measuring for industrial purposes to 213 non-local people and 1,751 locals under the Industrial Policy 2016-26 and Industrial Land Allotment Policy 2021-30

J&K received 8,500+ investment proposals worth over Rs 1.69 trn: Dy CM
Updated On : 15 Mar 2025 | 10:04 PM IST

India, China saw strong trade growth in Q4 2024 amid risks: UN report

Developing nations, particularly China and India, saw better than average trade expansion, while many developed nations experienced trade contractions

India, China saw strong trade growth in Q4 2024 amid risks: UN report
Updated On : 15 Mar 2025 | 9:57 AM IST