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New Delhi [India], April 2 (ANI): The second meeting of the Informal Group of Ministers (IGoM), set up to monitor the evolving situation in West Asia and suggest proactive measures for its minimum impact on India, was held under the chairmanship of Defence Minister Rajnath Singh at Kartavya Bhawan-2, New Delhi, on Thursday. According to a press release, the IGoM deliberated upon the recent developments at length, and the next steps to be taken by the Government to mitigate any adverse impact ar ...Read More >
New Delhi, Apr 2 (PTI) Defence Minister Rajnath Singh on Thursday emphasised the need for round-the-clock monitoring of the West Asia conflict and called for a calibrated response to deal with any eventuality to ensure that national interests remain protected. Singh made the comments while chairing a high-level meeting of the Informal Group of Ministers (IGoM) set-up to monitor the situation in West Asia. The meeting was attended by External Affairs Minister S Jaishankar, Finance Minister Nirm ...Read More >
New Delhi, Apr 2 (UNI) Amid growing uncertainty in West Asia, the government on Thursday reviewed India's preparedness and response strategy at a high-level meeting chaired by Defence Minister Rajnath Singh in New Delhi, stressing the need for constant vigilance and calibrated action to safeguard national interests. The meeting, the second of the Informal Group of Ministers (IGoM) set up to monitor the evolving situation in the region, brought together key members of the union Cabinet to ass ...Read More >
New Delhi, Apr 2 : Defence Minister Rajnath Singh on Thursday chaired the second meeting of the Informal Group of Ministers (IGoM) to review the evolving situation in West Asia, stressing the need for round-the-clock monitoring and a calibrated response to minimise its impact on India. The meeting, held at Kartavya Bhawan in the national capital, was attended by key ministers including Nirmala Sitharaman, S Jaishankar, Hardeep Singh Puri, Jagat Prakash Nadda, Manohar Lal Khattar, Prahlad Joshi, ...Read More >
As the West Asia war entered its fifth week, the government on Wednesday implemented concessions for Special Economic Zones (SEZs) announced during the Union Budget 2026-27. SEZ manufacturers have been facing pressures amid global geopolitical tensions and the US tariff impact from last year. This "one-time concession" will remain in place from April 1, 2026, to March 31, 2027, the government said. ".. to address the concerns faced by the manufacturing units in the SEZs due to ongoing global tr ...Read More >
New Delhi [India], April 2 (ANI): The government has allowed manufacturing units operating in Special Economic Zones (SEZs) to undertake domestic sales under a time-bound framework. Sources in the government says the notification a key budget announcement was announced to give relief to domestic industry. According to the sources, the scheme is linked to the percentage of export turnover and also factors in the date of commencement of manufacturing activity within SEZs. It has been designed as ...Read More >
These restrictions will operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment, the Directorate General of Foreign Trade (DGFT) said in a notification. The government on Wednesday announced curbs on imports of gold, platinum and silver jewellery with immediate effect, a move aimed at checking misuse of free trade agreements (FTAs). These restrictions will operate irrespective of any prior contract, irrevocable letter ...Read More >
New Delhi, April 2 (SocialNews.XYZ) The government's calibrated 8.5 per cent hike in aviation turbine fuel (ATF) prices for domestic airlines may offer short-term relief to oil marketing companies (OMCs), according to analysts. Analysts at global brokerage firm Nomura have estimated that state-owned fuel retailers continue to lose heavily on ATF sales amid a war-driven surge in global oil prices. At current prices, the brokerage has estimated that OMCs are losing around Rs 64 per litre on dome ...Read More >
NEW DELHI: As a one-time relief for SEZ (Special Economic Zone) units, govt has allowed them to sell up to 30% of their turnover in the domestic tariff area, or the Indian market, by paying concessional duty.A minimum 20% value addition within the SEZ has been prescribed for units to get the concession that is available during the current financial year. A list of sectors has also been notified, covering major sectors and keeping sensitive sectors out."The measure is expected to benefit around 1 ...Read More >
He alleged that the erstwhile YSRCP regime damaged the state through the three-capital approach between 2019 and 2024, leading to instability and uncertainty. Highlighting development, the chief minister appreciated public participation in restoring the Vinjamur Old Tank and said works have been taken up at Rs 70 lakh. Naidu announced diversion of water from the Somasila canal to the tank at the cost of Rs 34 crore, assuring completion of the work by October. He said improved water availabili ...Read More >
New Delhi: In a relief to exporters, India has announced a one-time relief measure for units in special economic zones (SEZ), allowing them to sell goods in domestic markets at a lower customs duty for one year, and extended fiscal benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) by six months, until September 30, amid the conflict in West Asia. The government is working on a broader framework on harmonisation of various export promotion schemes with a key focus on ...Read More >
New Delhi, Apr 1 (PTI) The government's decision to extend limited duty concessions to manufacturing units in special economic zones (SEZs) for selling goods in the domestic market is a one-time relief measure and not a permanent policy change, finance ministry sources said on Wednesday. The emphasis of these zones is and will continue to remain on exports, they said. The government has provided duty concessions to SEZ manufacturing units for one year till March 2027 for sale of notified goods ...Read More >
Chennai: The government has allowed Special Economic Zone units to sell in the domestic market at lower customs duties for one year, till March 2027. This offers some relief to exporters during disrupted global trade. The one-time concession is available from Wednesday, April 1. The concessions on customs duty include basic customs duty, Agriculture and Infrastructure Development Cess, and health cess. The concession ranges from 1 per cent to 20 per cent. For goods charged 7.5 per cent and 10 ...Read More >
New Delhi [India], April 1 (ANI): The government's decision to allow Special Economic Zones (SEZs) units to sell in the domestic market has triggered concern among local manufacturers, who fear cheaper SEZ goods could undercut them at home. Finance Ministry sources, however, told ANI that the relief measure comes with a robust three-pillar safeguard framework -- designed specifically to ensure the domestic industry is not disadvantaged. SEZ units already enjoy significant structural advantages ...Read More >
New Delhi [India], April 1 (ANI): The Central Board of Indirect Taxes and Customs (CBIC) has introduced a one-time relief measure allowing eligible manufacturing units in Special Economic Zones (SEZs) to sell goods in the Domestic Tariff Area (DTA) at concessional customs duty rates, in line with the announcement made in the Union Budget 2026-27. According to an official statement from the Ministry of Finance, the relief measure aims to address concerns faced by SEZ manufacturing units due to o ...Read More >
New Delhi, Apr 1 (PTI) The Confederation of Indian Industry (CII) on Wednesday welcomed the government's decision to extend the RoDTEP Scheme for all eligible export products till September 30, 2026 and the introduction of a one-time concessional framework for Domestic Tariff Area (DTA) sales by units in Special Economic Zones (SEZs). CII Director General Chandrajit Banerjee said, "Amidst ongoing global trade uncertainty, evolving tariff measures, and persistent supply chain disruptions, busine ...Read More >
Mumbai: Indian stock markets ended Wednesday's session on a strong note, although they gave up a large part of their early gains as optimism around easing tensions between the US and Iran faded later in the day. The benchmark indices Nifty and Sensex both closed higher, snapping their two-day losing streak. The Nifty settled at 22,679.40, up 348 points or 1.56 per cent, while the Sensex rose 1,186.77 points or 1.65 per cent to end at 73,134.34. Commenting on Nifty technical outlook, experts s ...Read More >
New Delhi: The government has announced limited duty concessions to special economic zones (SEZs) for one year to help manufacturing units of these enclaves, hit by weak global demand, sell their goods in the domestic market. The measure takes effect from April 1 and will remain valid until March 31, 2027. As per the notification of the Department of Revenue, goods made in SEZs and sold in the domestic market will face slightly lower Basic Customs Duty (BCD), and in some cases, reduced Agricult ...Read More >
New Delhi, Apr 1 (PTI) The government has announced limited duty concessions to special economic zones (SEZs) for one year to help manufacturing units of these enclaves, hit by weak global demand, sell their goods in the domestic market. The measure takes effect from April 1 and will remain valid until March 31, 2027. As per the notification of the department of revenue, goods made in SEZs and sold in the domestic market will face slightly lower Basic Customs Duty (BCD), and in some cases redu ...Read More >
New Delhi, April 1 (SocialNews.XYZ) The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday introduced a special one-time relief measure for eligible units in Special Economic Zones (SEZs) to facilitate the sale of manufactured goods to the Domestic Tariff Area (DTA) at concessional rates of duty. The move comes in pursuance of the Union Budget 2026-27 announcement to address the concerns faced by the manufacturing units in the Special Economic Zones (SEZ) due to ongoing global trad ...Read More >
New Delhi, Apr 1 (PTI) Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said it has surpassed 500 million tonnes of cargo handled, marking a key milestone in its growth as India's largest integrated transport utility. The achievement reflects the company's expansion from a single port in 1998 to a network of 19 ports and terminals, reinforcing its role in supporting India's trade and infrastructure development. APSEZ Chairman Gautam Adani said the milestone underscores the group' ...Read More >
New Delhi, Apr 1 (PTI) The government has announced a one-time special relief measure in the form of certain duty benefits for special economic zones (SEZs), a move which would provide support to units in these enclaves amid global uncertainties. However, the exemption will be available only if the unit in the SEZ had commenced production of goods on or before March 31, 2025, the department of revenue has said in a notification dated March 31. They also have to prove that the goods in respect ...Read More >
Ahmedabad: Adani Ports and Special Economic Zone Ltd. (APSEZ), India's largest integrated transport utility and the nation's leading port developer and operator, today announced that it has surpassed the landmark milestone of 500 million tonnes of cargo handled. This achievement marks a defining moment in APSEZ's evolution and underscores the growing strength of India's infrastructure-led transformation. More than a scale milestone, it reflects the rise of a world-class logistics platform built ...Read More >
AHMEDABAD: Adani Ports and Special Economic Zone Ltd (APSEZ), on Wednesday, said it has surpassed the landmark milestone of 500 million tonnes of cargo handled. From a single port-led vision in 1998 to a network spanning 19 ports and terminals across India and beyond, APSEZ has grown into a critical enabler of India's trade, industrial growth and global competitiveness. "Ports are not merely gateways for trade; they are gateways to national confidence, competitiveness and destiny. I am gratefu ...Read More >
New Delhi [India], April 1 (ANI): Adani Ports and Special Economic Zone Ltd. (APSEZ) has officially surpassed the landmark milestone of handling 500 million tonnes of cargo, according to a company media release issued on Wednesday. The milestone serves as a primary indicator of the scale and execution pace within India's infrastructure sector. While the company took 16 years to reach its initial 100 million tonnes, every subsequent 100 million tonnes has been added at an accelerated rate. This ...Read More >
Ahmedabad, April 1 (SocialNews.XYZ) Adani Ports and Special Economic Zone Ltd (APSEZ), on Wednesday, said it has surpassed the landmark milestone of 500 million tonnes of cargo handled. From a single port-led vision in 1998 to a network spanning 19 ports and terminals across India and beyond, APSEZ has grown into a critical enabler of India's trade, industrial growth and global competitiveness. "Ports are not merely gateways for trade; they are gateways to national confidence, competitiveness ...Read More >
If SEZ exports remain exempt, Reliance's refining margins would be largely insulated from the new levies, preserving the competitiveness of its export-oriented operations, it said New Delhi: The applicability of newly reimposed export windfall taxes on shipments of diesel and ATF from Reliance Industries' SEZ refinery remains the key uncertainty, following India's fuel duty overhaul, with significant implications for refining margins and government revenues, according to analysts. Under the re ...Read More >
Vijayawada, Mar 30 (UNI) Nine members of the banned CPI (Maoist), including party Central Committee member (CCM) and secretary of Andhra Odisha Border Special Economic Zone (AOBSZC) Chelluri Narayana Rao alias Suresh, surrendered before Andhra Pradesh Director General of Police Harish Kumar Gupta here on Monday. The 55-year-old Maoist leader Narayana Rao alias Suranna, was actively associated with the then People's War Group (PWG) for over three decades. He hails from Bathupuram village in Vajr ...Read More >
Jorhat: The Tea Association of India (TAI) has urged the Assam government to address critical concerns related to land, wages, and imports before proceeding with key policy decisions impacting the tea sector, cautioning that unresolved issues could affect the industry's long-term sustainability. Addressing the 37th Biennial General Meeting of TAI's Assam Branch in Jorhat, the Association's president, Shailja Mehta, said the proposed land patta distribution to tea garden workers, though well-int ...Read More >
New Delhi, Dec 17 ( UNI) India is working towards securing 25 per cent of global trade in the coming years by building on its strong macroeconomic foundations, resilient growth trajectory and rapidly expanding entrepreneurial ecosystem, said Finance Minister Nirmala Sitharaman. The Finance Minister was addressing the India Economic Conclave in Delhi on Wednesday. She said the global economic landscape is undergoing a major shift, with trade increasingly getting weaponised through tariff restri ...Read More >
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