Search Results for: customs duty

maharashtra-cm-devendra-fadnavis-meets-ram-vilas-paswan-seeks-extension-of-subsidy-on-raw-sugar-exp

Maharashtra CM Devendra Fadnavis meets Ram Vilas Paswan; seeks extension of subsidy on raw sugar exp

New Delhi, Jan 17 (ANI): Maharashtra Chief Minister Devendra Fadnavis met Food Minister Ram Vilas Paswan on Saturday and sought extension of subsidy on raw sugar exports and hike in import duty on the sugar to 40 percent to help cash-starved mills clear cane arrears to farmers. Fadnavis also demanded creation of buffer stock of 50 lakh tonnes of sugar at factory level in the state and increase mandatory ethanol blending with petrol from the current 5 percent to 10 percent. Paswan said that sugar products should be used with diverted with ethanol. Jan 17, 2015
petrol-price-cut-by-rs-2-42-per-litre-and-diesel-by-rs-2-25-a-litre

Petrol price cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre

New Delhi, Jan 16 (ANI): Oil marketing companies on Friday cut petrol prices by Rs 2.42 while it cut diesel price by Rs 2.25 per litre. Meanwhile, the government raised the excise duties on petrol and diesel by Rs 2 a litre. Retail pump rates will remain unchanged as the increase in excise duty neutralises the cut in petrol and diesel prices warranted from crude oil price slumping to about USD 46 per barrel. The increase, the fourth since Prime Minister Narendra Modi lifted diesel price controls in October' seeks to cash in on lower world oil prices to bolster strained government finances without stoking inflation. The Finance Ministry notification said the excise duty hike will be effective from midnight tonight. Jan 16, 2015
market-along-india-bangladesh-border-inaugurated-to-boost-trade

Market along India-Bangladesh border inaugurated to boost trade

Agartala, Jan 14 (ANI): Trade Minister Nirmala Sitharaman along with her Bangladeshi counterpart Tofaile Ahmed inaugurated third border market or 'haat' along the border in Tripura to boost trade between the two countries. The market is set up within five kilometres radius at the border, which will enhance local trade and people-to-people contact. Sitharaman said that the market would build better relations and benefit small purchasers. A Memorandum of Understanding (MoU) was signed in October 2010 on Border Haats and Border Trade along the India-Bangladesh border. Meanwhile, Ahmed said he was grateful to Indian government for awarding duty free, quota free market access in almost all the items except two-alcohol and tobacco. An Indian villager Motilal Sil said that the market would help revive old contacts. Jan 14, 2015
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