Talks on to resolve pulses import duty hike issue: Canadian Minister
The Dollar Business Bureau Canadian Minister of Infrastructure and Communities Amarjeet Sohi said on Monday that discussions were on for resolving the issue of hike in tariff on imports of pulses by India. “Talks on to resolve pulses import duty hike issue with India,” Sohi told the media persons at an interactive session organised by Indian Chamber of Commerce in Kolkata. India, which makes up for almost 48% of the global pulses consumption, is a key importer of pulses from Canada and the US. In 2016-17, out of $4.1 billion imports from Canada, India imported $1.1 billion worth of pulses. However, pulse shipments from Canada have fallen to around $500 million in 2017-18, due to Indian government’s controls and duties following a supply surplus ...
GoI not to impose fresh import duty on gold
The Dollar Business Bureau Gold is India’s second highest import item in terms of values, and the spike in its imports had widened the current account deficit in 2013, sparking the country’s worst currency turmoil since a balance of payment crisis in 1991. India and China are the world’s largest buyers of gold. But after the massive selling in the Shanghai gold exchange on Monday, the gold prices have seen a downward spiral in the recent past and stooped to a five-year low. Although the traders hoped that the metal would perk up in India or elsewhere in Asia. A fresh round of the purchase of gold is expected from the households, as it is still considered the best and safe investment ...
