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Mar 2012
India gold imports seen at 2-year low as duties pinch

India's decision to double gold import duty to 4% could cut gold imports by a third in 2012 to their lowest level in two years, allowing China to overtake it and become the world's biggest buyer of bullion, a Reuters poll revealed.


Mar 2012
Iran inks deal with India for 1.25 LT of soyameal imports Close

Iran has signed contracts with Indian traders to purchase 1.25 lakh tonnes (LT) of soyameal, used as animal feedstock, at USD 430-435 per tonne, an industry body said today.

"Iran has entered into contracts with our traders to ...

Mar 2012
India, Pakistan trade to increase four-fold soon, say exporters

Indian traders can increase exports to Pakistan more than four-fold, with the neighbouring country changing its trade policy to a negative list regime.

Pakistan which allowed just about 2,000 items of imports from India under 'posit...

Mar 2012
European Union whines despite India agreeing to halve import duty on its wines

India has proposed to halve import duties on wines and spirits bought from the European Union under the bilateral free trade agreement being negotiated between the two, but the 27-country union is demanding steeper cuts.

Last month,...

Mar 2012
Politics puts brakes on FDI in multi-brand retail: Sharma

Referring to the withholding of the Cabinet decision on allowing 51 per cent foreign direct investment (FDI) in multi-brand retail, Union Commerce and Industry Minister Anand Sharma on Tuesday said the issue had been dragged into partisan politics...

Mar 2012
Jewellers protest duty hike on gold imports

Jewellers in India plan to shut shops for two more days, continuing their protest against the duty increase on gold imports, resulting in a potential loss of Rs 1,500 crore.

The government for the second time in 2012 doubled import ...

Mar 2012
Budget 2012: Change in I-T Act won't impact foreign investment flows, says Pranab Mukherjee

NEW DELHI: Dismissing the criticism of government's decision to amend I-T Act with retrospective effect, the Finance Ministry today said the proposed change will not impact foreign investment flows.

"The apprehension that the r...

Mar 2012
Global trade body hails lifting on cotton export ban by India

NEW DELHI: The International Cotton Association (ICA) has hailed India's decision to lift cotton export ban and hoped that the registered contracts would be scrutinised soon to enable shipments for meeting global commitments.

In a s...

Mar 2012
Union Budget 2012-13: Excise duty raised to 12% from 10%

In the final step towards rolling back of stimulus, an excise duty hike from 10% to 12% was announced by the Finan...

Mar 2012
China, India 2030 coal imports may hit 1.4 bn tonnes

NEW DELHI: China's thermal coal imports could soar to one billion tonnes in 2030 from just 175 million in 2011 , while India's imports will be at least 400 million tonnes in that same year, five times last year's levels, research consultants Wood ...

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