Govt doubles import duty on sugar to 100%, hikes chana to 40%

The government has doubled import duty on sugar to 100 per cent and raised duty on chana to 40 per cent to protect domestic farmers. At present, customs duty or import tax on sugar is 50 per cent and on chana is 30 per cent. Central Board of Excise and Customs (CBEC) has issued notification in this ...

Centre, states to devise mechanism to ensure 1.5 times MSP

Agriculture Minister Radha Mohan Singh informed Lok Sabha that the Centre and Niti Aayog will hold deliberations with states to come out with a new mechanism to ensure that farmers get 1.5 times of the production cost of their crops. Mr Singh was responding to a question of NCP MP Supriya Sule who s...

RBI to announce sixth bi-monthly monetary policy for 2017-18 today

Sell-off in India's equity markets is due to weak global sentiment: Hasmukh Adhia

Finance secretary Hasmukh Adhia said the sell-off in India's equity markets is due to weak global sentiment and not because of the long-term capital gains tax (LTCG) announced in the budget. Addressing the post-budget session of PHD Chamber in New Delhi today, Mr Adhia said global meltdown ...

54% hiked for smart city mission in Budget: Hardeep Singh Puri

Govt doubles import duty on sugar to 100 pc, hikes chana to 40 pc

The government today doubled import duty on sugar to 100 per cent and raised duty on chana to 40 per cent to protect domestic farmers. At present, customs duty or import tax on sugar is 50 per cent and on chana is 30 per cent. Central Board of Excise and Customs, CBEC has issued notification in this...

Centre, states to devise mechanism to ensure 1.5 times MSP

Agriculture Minister Radha Mohan Singh today informed the Lok Sabha that the Centre and Niti Aayog will hold deliberations with states to come out with a new mechanism to ensure that farmers get 1.5 times of the production cost of their crops. Mr Singh was responding to a question of NCP MP Supriya ...

Rolling world stock sell-off runs to $4 trillion

Gold soars to an over 14 month high of Rs 31,600 per 10 grams, gaining Rs 330 in Delhi's bullion market

Amidst rout in global equities today, gold soared to an over 14-month high of 31,600 rupees per ten grams, gaining 330 rupees in Delhi's bullion market. Largely in sync with the overseas trend, gold gains were supported by a strong demand from local jewellers to meet the wedding season dema...

Sensex tanks in late morning trade, losing over 1200 points

The BSE Sensex cracked below the 34,000-mark by plunging about 1,275 points in opening trade today. Extending its falling streak for the sixth straight session, the 30-share index fell 3.66 per cent, to 33,482. A short while ago it was trading at 33,938 loosing 820. The index had lost 1,526 points i...