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Business News/Topic/ Imports

IMPORTS

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For IWT development in the North East, the IWAI Board approved the proposal to set up three tourist jetties in Silghat, Bishwanath Ghat, and Guijan and one tourist-cum-cargo jetty in Neamati in Assam. (AFP)

Waterways body clears 3 jetties in Assam, DPR for ship repair facility in Patna

2 min read . 25 Jun 2025

A map showing the Strait of Hormuz and Iran is seen in this illustration taken June 22, 2025. (Image: Reuters) (REUTERS)

Iran moves to shut the Strait of Hormuz. How will it impact India?

4 min read . 23 Jun 2025

Igor Sechin, chief executive officer of Russia's state-owned energy company Rosneft. (Reuters)

‘India doubles petroleum exports to Europe in 3 years on Russian oil import’

2 min read . 22 Jun 2025

Indian refiners are expected to import 2 million to 2.2 million barrels of crude oil per day from Russia in June 2025. (Bloomberg)

India ramps up oil imports from Russia, US amid Israel-Iran conflict

4 min read . 22 Jun 2025

Cheap imports are having a serious negative impact on the domestic paper industry, making many small and medium-sized mills commercially unviable. (Bloomberg)

India to crack down on substandard Chinese paper imports amid rare-earths row

3 min read . 20 Jun 2025

The government lost ₹906 crore in customs duty in FY25 because of import of gold compounds instead of actual gold, according to Mint’s calculations. (Reuters)

Mint Impact: Importers can no longer simply walk in with liquid gold

1 min read . 18 Jun 2025

India’s own trade patterns are also shifting. While its overall merchandise imports dipped marginally by 1.8%—from $61.7 billion in May 2024 to $60.6 billion this May—this decline was mainly due to lower shipments of oil, gold, and diamonds. (Bloomberg)

US-China trade war blows hot and cold for India

4 min read . 17 Jun 2025

India's traders now face the challenge of escalating tensions in West Asia after Israel attacked Iran on 13 June. (Image: Pixabay)

India’s goods trade deficit narrows to $21.88 billion in May from year ago

4 min read . 16 Jun 2025

Once the liquid gold consignments land in India, gold is extracted in small refineries.

Gold duty evasion fight turns into a game of whack-a-mole

4 min read . 12 Jun 2025

This review is part of Mission for Aatmanirbharta in pulses, which aims to make India self-sufficient in pulse production within a decade. (Bloomberg)

India explores floor price reset to boost pulse output

5 min read . 09 Jun 2025

Airports need to welcome arrivals, not daunt them. (istockphoto)

Stay open: Customs mustn’t let its green channel turn red

3 min read . 02 Jun 2025

Prime Minister Narendra Modi addresses a gathering in Gandhinagar on Tuesday. Photo: ANI

PM urges Indians to buy locally made goods amid Turkey, Azerbaijan boycott calls

3 min read . 27 May 2025

Adidas, Shein, and Walmart, among 10 companies that will raise their prices amid ongoing tariff war. (REUTERS)

Adidas, Shein, among 10 firms that will raise prices after Trump tariffs

4 min read . 26 May 2025

Trump's tariff pause triggers a rush to import into the US, distorting trade, boosting some economies, and creating deadline-driven chaos for businesses.

India's textile sector to gain ₹1,000 cr biz from Bangladesh import curbs

3 min read . 19 May 2025

MSMEs, or micro, small and medium enterprises, say the draft regulations, which were open for public consultations till 30 April, don’t have enough provisions for their exports of digital goods and services, which account for 45% of the country’s exports. (Bloomberg)

MSMEs call for relaxations in the new forex regulations for exports and imports

5 min read . 15 May 2025

India proposed zero-for-zero tariffs on steel, auto, and pharma imports from the United States.

India proposes zero-for-zero tariffs deal to US on steel, auto imports

2 min read . 05 May 2025

India’s trade deficit widened sharply to $21.54 billion in March. (Image: Pixabay)

Services boost India’s exports to an all-time high of $824.9 billion in FY25

2 min read . 02 May 2025

Government data shows India’s steel imports in FY25 soared to 9.5 million tonnes, the highest since FY16. (Bloomberg)

India imposes 12% safeguard duty on steel imports

4 min read . 21 Apr 2025

India will likely announce 12% tariffs on steel imports into the nation, amid high global supply from China and other exporting nations. (Bloomberg)

India to put 12% temporary tariffs on steel imports: Reports

1 min read . 21 Apr 2025

Chinese and American goods, meant for each other's markets, could be routed to India via Vietnam, Indonesia and Nepal, three government officials aware of the matter said. (AFP)

India mounts surveillance on likely import surge as US-China trade war spirals

4 min read . 18 Apr 2025