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The US has also laid down rules that define goods that are rerouted or trans-shipped to evade higher duties. These will face a 40% levy, in addition to base taxes. This means that if an Indian-origin good is routed through a third country, it may face even higher tariffs.

India's exports of petroleum products like diesel and jet fuel to the US continue to be exempted from the levy of any import duty or tariff, and President Donald Trump has, for now, not indicated the penalty he plans to impose to deter New Delhi's energy trade with Russia.On Wednesday, Donald Trump had announced plans to impose a 25 per cent tariff on India, along with an additional penalty, citing concerns over the country's energy and defence ties with Russia, as well as existing trade barriers.However, the executive order he signed thereafter only gives effect to the 25 per cent tariff on Indian goods coming to the US. Even this has an exclusion list that includes finished pharmaceutical products (tablets, injectables and syrups), active pharmaceutical ingredients, electronics and ICT goods (semiconductors, smartphones, SSDs and computers), and petroleum products (crude oil, LNG, refined fuels, electricity and coal).The executive order also does not indicate any penalty that i

Trump on Wednesday declared his intent to penalise India for its continued engagement with Russia, citing both arms purchases and soaring oil imports.

State-owned CIL on Friday reported a six per cent drop in production at 229.8 million tonnes (MT) in the April-July period of the current financial year even as the government is making efforts to increase the output to cut imports.The company had produced 244.3 MT of coal in the corresponding period of the previous fiscal, Coal India Ltd (CIL) said in a filing to BSE.The coal behemoth did not give reasons for the decline in production. However, industry analysts attribute the production dip to typical monsoon-related disruptions, which can hinder mining operations and dispatch to power plants.CIL accounts for over 80 per cent of domestic coal output.Coal production in July also dropped to 46.4 MT from 55 MT in the corresponding month of previous fiscal.Coal Minister G Kishan Reddy had earlier said that the country will not face any shortage of coal in the upcoming monsoon season, as the government is well prepared to meet the demand across various sectors, including the powe

New Delhi, Aug 1 (PTI) India's exports of petroleum products like diesel and jet fuel to the US continue to

Executives from PB Fintech are slotted first in the schedule, and are expected to meet Department of Telecommunications officials to discuss the draft cybersecurity rules in the coming week.

Coal India Ltd (CIL) reported a 6% drop in production, totaling 229.8 million tonnes, during April-July, compared to 244.3 MT last year. July's output also fell to 46.4 MT from 55 MT. Analysts attribute this to monsoon disruptions. Despite the dip, the Coal Minister assures no coal shortage this monsoon.

New Delhi: The USA’s decision to impose a 25 per cent tariff on all Indian-origin goods effective August 7 could severely hit the country’s exports to America, think tank GTRI said Friday. According to an analysis of the White House’s executive order by the Global Trade Research Initiative (GTRI), the 25 per cent tariff will [...]

New Delhi, Aug 1 (PTI) The USA's decision to impose a 25 per cent tariff on all Indian-origin

New Delhi, Aug 1 (PTI) State-owned CIL on Friday reported a six per cent drop in production at 229.8 million