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Commercial Ministry to Hike Import Duty on Aluminium
The commerce ministry is in favour of hiking import duty on aluminium with a view to support domestic manufacturers, Union Minister Suresh Prabhu has said. "That is a proposal to protect our domestic industry. The proposal is under examination and we support the proposal," Prabhu told PTI. …
Steels’ Safety: India Appeals Against WTO’s Panel Ruling
New Delhi: India has challenged the WTO dispute panel's ruling that the country's move to impose safeguard duty on some iron and steel products was inconsistent with certain global trade norms, an official said. The appellate body and the panel are part of the World Trade Organisation's (WTO) dispute settlement mechanism. It is a 164-member multilateral body which makes rules related to global exports and imports. …
Default Interest Rate in Small Loans Now is Lowest
“From a consumer perspective, it’s immensely important that borrowers understand the importance of continuing to make ontime payments,” said Yogendra Singh, vice president of Research and Consulting for TransUnion Cibil. “These emerging consumers are beginning to play a larger role in the Indian economy..." …
