The Directorate General of Trade Remedies (DGTR) recommends anti-dumping duty of up to USD 20.87 per kilogram on imports of ‘Vitamin A Palmitate’ from China, the EU, and Switzerland to protect domestic industry. The DGTR also suggests a duty of up to USD 358 per tonne on ‘Insoluble Sulphur’ from China and Japan for five […]
DGTR recommends anti-dumping duty on import of vitamin from China, EU, Switzerland
Stephen Schwarzman, Blackstone’s CEO, believes the new US tariff regime could boost growth by attracting foreign investments and revitalizing US manufacturing. He anticipates significant economic expansion driven by increased manufacturing activity. Schwarzman also discussed Blackstone’s plans to double its India exposure to $100 billion, highlighting infrastructure investment opportunities.
The government proposes to allow ports to switch to market-linked pricing by revising existing contracts. This move aims to enhance competition among ports, potentially leading to better pricing for users while ensuring the revenue neutrality for the Centre and consistent user experiences across terminals.
New quality control orders for steel parts may lead to factory shutdowns, job losses: GTRI
8 months ago
India risks widespread factory shutdowns and job losses due to upcoming quality control orders (QCOs) on steel fastener imports. The QCOs, to be implemented in phases, might lead to critical shortages and customs delays. Small firms may struggle with certification, potentially causing industrial stagnation.
India is in talks with the Democratic Republic of Congo (DRC) to sign an agreement securing critical minerals like cobalt and copper. These minerals are vital for India’s energy transition and growing industrial demands. India is looking to secure such supplies from resource-rich countries like Congo, Mongolia, and Zambia. The Indian mines ministry plans to […]
India’s trade deficit likely narrowed to USD 21.5 Bln in February from USD 23 Bln in January: UBI Report
8 months ago
India’s trade deficit likely narrowed to USD 21.5 billion in February from January’s USD 23 billion, driven by a moderation in the Non-Oil-Non-Gold segment. The oil trade deficit decreased due to lower global Brent crude prices and reduced oil imports from Russia. Rising geopolitical risks and tariffs could limit further trade balance recovery.
Adani’s Vizhinjam port gets environment clearance for next phases: Kerala CM Pinarayi Vijayan
8 months ago
Vizhinjam International Seaport has received clearance from the Union Environment Ministry for its next two development phases, aiming for completion by 2028. Developed by the Adani Group, the port is India’s first deep-water container transhipment and automated port. It is poised to significantly enhance India’s maritime trade, reducing dependency on Colombo, Dubai, and Singapore for […]
ADPorts and Special Economic Zone (ADSEZ) is poised to leverage India’s growth through its strategic business model, diversified port operations, and robust logistics network. Macquarie Equity Research rates ADSEZ as ‘Outperform’, noting its substantial capex plans, projected revenue growth, and strong cargo mix. By 2030, the company aims to significantly increase its domestic cargo handling […]
India imposes 150 pc tariff on American alcohol, 100 pc tariff on agriculture goods: White House
8 months ago
The US has strongly criticised high tariffs imposed by India, Canada, and Japan on American goods. White House Press Secretary Karoline Leavitt cited India’s 150% tariff on American alcohol and 100% on agricultural products, saying the US seeks fair trade. President Donald Trump also suggested further tariff hikes, accusing nations of exploiting the US for […]
To get past US tariffs, India to take FTA route; increased market access, lower duties on cards
8 months ago
India and the US are in negotiations for a mutually beneficial, multi-sector bilateral trade agreement focusing on market access, reducing import duties, and removing non-tariff barriers. Both countries aim to double their two-way trade to $500 billion by 2030, with the first part of the agreement expected by fall 2025.