Month: September 2026
DGFT to set up central unit for trade applications
New Delhi: The government is setting up a Central Processing Department (CPD) in the Directorate General of Foreign Trade (DGFT) to act as a central…
India clears 642 UK car imports under FTA in two months of implementation
New Delhi: India has approved applications of seven companies for importing a total of 642 passenger vehicles from Britain on concessional tariffs in two months…
Centre eases export compliance for shipments up to Rs 3 lakh, seeks 5-year RoDTEP extension
New Delhi: Exporters will not be required to obtain Registration-cum-Membership Certificate (RCMC) for shipments valued up to ₹3 lakh, thereby reducing compliance burden for new…
Pulses, oilseed prices rise as rain deficit hits crops
Pune: Prices of key pulses like tur and chana and oilseeds such as soyabean and groundnut have increased sharply compared with last year, as scanty…
Taxman’s JAARing move opens fresh debate over Mauritius treaty
Mumbai: In an unsettling decision, the Indian tax office has invoked the Judicial Anti Avoidance Rule (JAAR) to deny treaty benefits to a few Mauritius…
NITI seeks easier access to geological data, capital for small exploration companies
New Delhi: The government should improve access to geological data, risk capital and fiscal support for junior exploration companies, while expanding private participation in exploration…
CBIC cuts paperwork in deferred customs duty scheme to boost MSME participation and ease cash flow
New Delhi: The central board of indirect taxes and customs (CBIC) is cutting paperwork and starting outreach programmes to get more manufacturers, particularly MSMEs, to…
NITI Aayog VC defends UPI merchant fee, says businesses must be self-sustainable
NITI Aayog Vice Chairman Ashok Kumar Lahiri on Wednesday defended the government’s decision to impose a merchant discount rate (MDR) on UPI transactions, saying businesses…
India considers cutting vegetable oil import taxes as prices climb
New Delhi: India, the world’s biggest vegetable oils importer, is considering lowering import taxes on the commodities to try to curb food inflation, two government…
Petition in Supreme Court says scrap new UPI merchant fees; may burden consumers
A petition was filed in the Supreme Court on Wednesday, challenging the Centre’s newly notified framework allowing Merchant Discount Rate (MDR) on specified high-value commercial…