Business

The government has reduced duty benefits available to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by 50 per cent with immediate effect, prompting industry bodies to urge a review of the decision, PTI reported.The Directorate General of Foreign Trade (DGFT) said the applicable RoDTEP rates will now be capped…

NEW DELHI: Prime Minister Narendra Modi will inaugurate the Noida international airport at Jewar next month, Uttar Pradesh chief minister Yogi Adityanath said during an interaction with the Indian diaspora in Singapore.Highlighting the state’s aviation infrastructure, Yogi said Uttar Pradesh currently has the highest number of airports in the country and that the upcoming airport…

DALLAS: The Transportation Security Administration said Sunday that its PreCheck program would remain operational despite an earlier announcement from the U.S. Department of Homeland Security that the airport security service was being suspended during the partial government shutdown. ” As staffing constraints arise, TSA will evaluate on a case-by-case basis and adjust operations accordingly,” the…

Union finance minister Nirmala Sitharaman on Monday explained the reason behind the rise in gold prices and assured that the government is closely monitoring the hikes. After the customary post-Budget meeting with the Central Board of Directors of the Reserve Bank of India, she said, “Most countries today, particularly their central banks, are buying gold…

Three days after the US Supreme Court struck down President Donald Trump’s tariffs, the customs department has announced the date on which the duty collections will end. The US Customs and Border Protection (CBP) said that it will stop collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) from 12:01 a.m. EST (0501…

US President Donald Trump reiterated his claim that Americans could receive a $2,000 payment funded through tariff revenues and the move might not even require congressional approval. Addressing reporters, Trump said strong tariff collections had created sufficient room to consider direct payments to Americans while also helping to reduce the national debt. Responding to whether…

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex opened in green on Monday on positive global cues following US Supreme Court’s decision to strike down Trump’s tariffs. While Nifty50 was above 25,700, BSE Sensex rose above 83,300. At 9:21 am, Nifty50 was trading at 25,720.40, up 149 points or 0.58%. BSE…

NEW DELHI: A leading exporter left work on Friday with additional US tariffs on most goods from India at 25%. He was hoping it will fall to 18% this week. Late evening, the US Supreme Court declared the imposition of reciprocal tariffs illegal and by Saturday a new levy of 10% kicked in, which moved…

MUMBAI: IDFC First Bank has reported a Rs 590-crore discrepancy in deposits held on behalf of Haryana govt at its Chandigarh branch, and suspended four employees pending investigation.The bank’s filing comes after the state directed its departments to close accounts with private lenders on Feb 18. The matter was escalated to the bank’s board at…

MUMBAI: Markets are expected to remain volatile during the week as clarity among Dalal Street investors about the US tariffs on goods exported to the world’s largest economy continues to remain elusive. While most market players feel that the rate of tariff on Indian goods will not be much different from what it was earlier,…