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Ahead of Union Budget 2024-25, DPIIT recommends angel tax removal

The angel tax is on the amount received by a company above the fair market value as income

Electric vehicle scheme norms to be rolled out soon, but no Tesla update

Fund issues may have come in way of EV major's plan

Govt to extend easy visa rules to all PLI sector companies: DPIIT secretary

The PLI scheme covers 14 sectors, including mobile phones, drones, white goods, telecommunications, textiles, automobiles, specialty steel, and pharmaceutical drugs, among others

Not just China, all PLI-led visas being fast-tracked: Piyush Goyal

On 100-day agenda, Goyal said the commerce department and DPIIT were still working on it and it was a "work in progress"

Good, services exports expected to surpass $800 bn in FY25, says Goyal

'Hope to make progress in India-UK FTA irrespective of elections'

India to discuss silver import spike with UAE amid growing concerns

West Asian nation now India's largest source of silver imports

Piyush Goyal meets exporters; reviews trade scenario, non-tariff barriers

Exporters asked the government to firm up a strategy to deal with the issue of non-tariff barriers imposed by trade partners that ultimately hurts India's exports

Pre-budget meet: Trade bodies call for tax deduction, investment on R&D

They also sought simplification of transfer pricing regime and tweaking of Customs duty on certain products

Budget Watch: From toys to footwear, new PLI schemes knocking on the door

Amid demands from industry bodies and govt departments, the upcoming Union Budget 2024 may see PLI schemes introduced for even more items

ONDC likely to start levying small user charges on each transaction

The charges may have to be paid by either the seller, or the buyer, or both

PLI scheme review committee raises concern over delays in payments

Calls for improved scrutiny to block instances of wrongful claims

Eyeing 2025 polls, Aus aims early completion of trade deal with India

Both nations had signed the interim trade deal, also known as India-Australia Economic Cooperation and Trade Agreement (ECTA) that came into force on December 29, 2022

Govt may overhaul PLI schemes: Quarterly incentive payments on the table

In a bid to cut the delay in processing incentive claims, the government is looking at switching to a quarterly disbursement of incentives

Imports of bulk drugs grew by 13.06% in April-May as prices cooled

Industry insiders say pharma players are taking advantage and stocking up on APIs

'EU laws on sustainable products to hurt exports from developing nations'

According to the European Commission, the new regulation aims to enhance the circularity, energy performance, and other environmental sustainability aspects of EU products

Centre developing mechanism to validate refund claimed under RoDTEP

The scheme came into effect over three years ago to refund the embedded non-creditable central, state and local levies paid on inputs to exporters to boost India's exports

'Centre must revise gold, silver concessional duty under India-UAE CEPA'

Under the CEPA, India allows 7 per cent customs duty concessions on import of unlimited quantities of silver and 1 per cent concession on 160 metric tonnes of gold

UK overtakes China as India's fourth-largest export market in May

Exports to the European nation grew by a third to $1.37 billion in May. While the disaggregated data for the month of May wasn't immediately available

Trade deficit at 7-month high on rising imports; exports up 9% in May

Apart from petroleum products, items that drove import growth include transport equipment (31.88 per cent), silver (408 percent), vegetable oil (27.5 per cent) and pulses (181 per cent)

India, EU discuss CBAM concerns ahead of eighth round of FTA talks

The proposed free-trade agreement with Oman will restart soon, although talks are in the final stages, a government official said