The recent seizure of 14.8kg of gold from Kannada actress Ranya Rao at Bengaluru’s Kempegowda International Airport is being hailed as one of the largest recoveries in recent times. The Directorate of Revenue Intelligence (DRI) successfully dismantled a significant smuggling operation, intercepting Rao just moments before she could clear airport security. As per reports, Rao … Read more
Paris: Chinese and European automakers went head-to-head at the Paris car show on Monday, with tensions running high as the EU gears up to impose hefty import tariffs on Chinese-made electric vehicles and the industry struggles with weak demand. This year’s event – the largest car show in Europe – comes at a pivotal time. … Read more
Should I invest in gold looking at current market conditions, geopolitical tensions? What are your expectations for 2024 at least?Name withheld. Reply by Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited Given the current global economic climate, Investing in gold can be a strategic move. With rising inflation and economic uncertainties, gold serves as a safe-haven … Read more
India has violated global trading rules in a dispute with the European Union, Japan and Taiwan over import duties on IT products, a World Trade Organization panel said on Monday. “We recommend that India bring such measures into conformity with its obligations,” the WTO panel‘s report said. The WTO had set up dispute settlement panels … Read more
The commerce ministry has shared a list of as many as 102 products whose imports are high and are increasing consistently – such as coking coal, certain machinery, some chemicals, and digital cameras – to different ministries to look at ways for enhancing their domestic capacity with an aim to reduce imports, an official said. … Read more
NEW DELHI: Imports of furniture, toys and sports goods are likely to require licences soon, a measure the government hopes will reduce imports and encourage domestic production, said people with knowledge of the matter. India has already imposed licensing requirements for tyres and colour TV imports, a big percentage of which comes from China. The … Read more
New Delhi: The World Trade Organisation (WTO) on Wednesday set up two more dispute settlement panels at the request of Japan and Taiwan targeting the import duties imposed by India on Information and Communication Technology (ICT) products including mobile phones, taking the total number of panels on the issue to three. However, New Delhi said … Read more