NEW DELHI – Gold smuggling into India has increased in recent weeks as the country prepares for Dhanteras and Diwali, according to government and industry sources. After import duties on gold were reduced to 6% from 15% last year, smuggling had fallen, but the recent spike in global prices and limited supply has renewed illicit […]
import duty
India hikes wheat import duty to support local farmers
India has raised its import duty on wheat to 40 percent from 30 percent, the government said late on Friday, as the world’s No. 2 producer of the grain tries to support local farmers. The step comes as Prime Minister Narendra Modi’s party looks to contain rural discontent due to lower crop prices amid voting […]