crude oil

India tinkers with import duties to reduce trade deficit

India tinkers with import duties to reduce trade deficit

October 1, 2018

With the aim of reducing India’s trade deficit, boost domestic manufacturing and to support the rupee the government has increased customs duty on 19 “non- essential items” including washing machines, refrigerators, radial tyres, and ATF.

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Union Budget 2017: India on the path of remonetisation

Union Budget 2017: India on the path of remonetisation

February 3, 2017

After the Indian government has started wheeling the remonetisation mechanism enduringly, banks and ATMs are witnessing a flow of currency. However, the authorities are urge the citizens to go cashless and it was reflected on the budget this year, which was centralised at spendin...

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