India Cuts Windfall Tax on Diesel, ATF Exports
India has reduced the windfall tax on diesel and aviation turbine fuel (ATF) exports from May 1, 2026. Diesel export levy lowered to Rs 23 per litre from Rs 55.5, while ATF duty cut to Rs 33 per litre.
Category : Trade & Export
India Trade Deals Boost Tirupur Apparel Sector Growth
Tirupur Exporters' Association president highlights opportunities from India-New Zealand and India-UK FTAs for apparel sector, emphasizing capacity expansion.
Trump Lifts Whisky Tariffs After UK Royal Visit
President Trump announced the removal of tariffs on Scotch whisky and Kentucky bourbon trade, crediting King Charles and Queen Camilla's visit for the policy shift.
Global Tenders for 3.8 LMT Urea, 1.9 LMT Phosphatic Fertilizers
India floats global tenders to secure 3.8 million metric tonnes of urea and 1.9 million metric tonnes of phosphatic and potassic fertilizers to ensure adequate supply for the upcoming cropping season.
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CWI Mourns Death of Grenada Cricket President Norman Gilbert
Cricket West Indies mourns the passing of Grenada Cricket Association President Norman Gilbert, a dedicated administrator who served the sport for decades.
Demand Destruction to Rebalance Oil Markets Amid Supply Shock
A report highlights that demand destruction will rebalance oil markets amid supply shocks, with a positive outlook for oil marketing companies (OMCs).
Mihan SEZ exports surge 39% to Rs9,626 crore in FY26
Exports from Mihan-SEZ grew nearly 40% to Rs9,626 crore in FY26, driven by manufacturing and aviation. Services exports saw a minor dip.
Rain damages wheat sacks at Kharkhoda grain market in Sonipat
Unexpected rain soaked thousands of wheat sacks left exposed at Kharkhoda grain market due to vehicle shortages and delayed lifting, causing quality loss and farmer distress.
India's FY26 crude imports up 1%, March falls 17%
India's crude imports rose nearly 1% in FY26 to 245.3 MT, but March purchases fell 17% due to West Asia trade disruptions. Net import bill dropped 10% to $117.5 billion.
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Punjab wheat procurement nears end, 97.7% arrivals bought
Punjab's wheat procurement season nears end with 97.7% of arrivals purchased. Total arrivals reach 110.7 lakh MT against 122 lakh MT target, while lifting lags at 44.6%.
India exports surge in early April amid new trade deals
India's exports have seen a strong uptick in the first three weeks of April, driven by new trade agreements. Commerce Minister Piyush Goyal highlighted the positive trend.
UAE OPEC Exit Positive for India's Oil-for-Rupee: Kotak
Kotak Securities says UAE's OPEC exit signals de-dollarisation, boosting India's oil-for-rupee deal. This move may reduce dollar demand and benefit India's trade.
Samosa Declared Official Dish of Prayagraj Under New UP Scheme
Prayagraj's iconic samosa has been declared the district's official signature dish under Uttar Pradesh's 'One District, One Dish' scheme, beating local favorites like kachori and imarti.
Naidu seeks special container trains, port connectivity
Andhra Pradesh CM Chandrababu Naidu urged Railways to run special container reefer trains for agri products and enhance rail connectivity to develop the state as a logistics hub.
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FM Sitharaman: Jewellery Exports from West Coast to US
Finance Minister Nirmala Sitharaman said jewellery made on India's west coast is exported to West Asia and the US, stressing the need for skilled personnel to sustain growth in the gem and jewellery sector.
Mangaluru March Demands Brahmarakootlu Tollgate Closure
Former minister B Ramanath Rai led a protest march in Mangaluru demanding the closure of the Brahmarakootlu tollgate, citing unscientific placement and violation of minimum distance norms between toll plazas.
IACC Launches Rajasthan Chapter for Indo-US Business
The Indo-American Chamber of Commerce opens a Rajasthan chapter to connect local businesses with the US in gems, textiles, and handicrafts, boosting trade and investment.
UAE Exits OPEC in Shock Move Amid Gulf Tensions
The UAE announces withdrawal from OPEC+ to boost oil production, challenging Saudi dominance during a global energy crisis linked to Iran's Strait of Hormuz blockade.
Crackdown on Illegal Mining: 19 Vehicles Seized in Nurpur
In a major crackdown on illegal mining in Nurpur, Himachal Pradesh, authorities seized 19 heavy vehicles involved in unauthorized sand and gravel extraction.
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Tirupur Textile Industry Welcomes India-NZ FTA
The Tirupur textile and apparel industry hails the India-New Zealand FTA, expecting duty-free access to triple garment exports within two years and attract $20 billion investments.
Chakradharpur Railway Improves Punctuality After Protests
After commuter protests over chronic delays, Chakradharpur railway division improves punctuality from 35% to 65-75%, with delays reduced from 120 to 15-20 minutes.
India-China Trade Deficit Hits $112 Billion in FY2026
India's trade deficit with China surged to $112.1 billion in FY2026, with industrial goods making up 98.5% of imports, highlighting deep supply chain reliance.
Piyush Goyal Aims for $2 Trillion Exports by 2030
Commerce Minister Piyush Goyal held a meeting with export bodies post the India-New Zealand FTA, urging a roadmap to achieve $2 trillion in exports by 2030.
Niche Tourism Segments to Drive India's Growth
A report highlights that niche segments like event, wellness, and wildlife tourism will fuel India's next phase of tourism growth, offering unique experiences.
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LPG Tanker Owners Call Off Strike After IOC Dues Assurance
The Southern Region LPG Bulk Gas Tanker Lorry Owners Association withdrew its strike after Indian Oil Corporation assured to clear pending rental dues of about Rs 50 crore within two days.
India-New Zealand FTA to Triple Gem-Jewellery Exports
India's gem and jewellery exports to New Zealand are expected to nearly triple to $50 million in three years after the India-New Zealand FTA, offering zero-duty access and a competitive edge.
India-New Zealand FTA: Zero Duty Access to Boost Exports
India and New Zealand signed a Free Trade Agreement, eliminating tariffs on key exports. This pact is expected to boost bilateral trade, create jobs, and enhance economic cooperation.
SWISS Reviews Evacuation Over Baggage on Slides
SWISS is reviewing its communication on evacuation procedures after passengers carried cabin bags onto emergency slides during a Delhi runway incident, highlighting a global safety challenge.
ADG Inaugurates COPS Cafe in Ghazipur for Police Welfare
ADG Piyush Mordia inaugurated the COPS Cafe at Police Lines in Ghazipur, providing modern amenities and quality food to reduce stress and boost morale of police personnel.
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India-NZ FTA to Lift Gems Jewellery Exports to $50 Mn
Zero-duty access under the India-New Zealand FTA is expected to increase gems and jewellery exports to USD 50 million in three years, says GJEPC.
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