Corruption won this battle’: Cargo firm Wintrack to cease operations in India, accuses Chennai Customs of harassment
CHENNAI : Tamil Nadu-based logistics firm Wintrack announced that it has ceased all import-export activities in India, effective 1 October 2025, citing harassment by Chennai Customs officials over the past 45 days. In a
Reforms to cushion economy against adverse effects of trade disruptions; external shocks need vigilance : FinMin
NEW DELHI : The government’s reform agenda will cushion the economy against the adverse effects of trade disruptions, the Finance Ministry said on Friday, as it pitched for vigilance against external shocks and global
‘Orders cancelled, stocks piling’ – Kerala warns US tariff threaten Rs 2,500–4,500 crore hit to exports
KOCHI : Kerala estimates its export sector to see a Rs 2,500-4,500 crore hit annually due to US tariffs on Indian imports. Marine exports, particularly shrimp, are among the first to feel the impact.
Nirmala Sitharaman and Ashwini Vaishnaw launch NITI Aayog’s ‘AI for Viksit Bharat Roadmap’ and ‘Frontier Tech Repository’
NEW DELHI : NITI Aayog on Monday launched two transformative initiatives, AI for Viksit Bharat Roadmap: Opportunity for Accelerated Economic Growth and NITI Frontier Tech Repository under its Frontier Tech Hub. The Roadmap was launched by Smt. Nirmala
“Will undoubtedly buy”: FM Sitharaman says Russian oil suits India’s needs
NEW DELHI : Union Finance Minister Smt. Nirmala Sitharaman on Friday said that India will continue purchasing Russian oil, stressing that decisions will be guided solely by national interest. “Whether it is Russian oil
Can’t leave exporters high and dry’: FM Sitharaman says package soon for exporters hit by US tariffs
NEW DELHI : India will announce a package of relief measures to support exporters facing hardships in the wake of steep US Tariffs, Finance Minister Smt.Nirmala Sitharaman said on Friday.This statement comes as the
Govt sets up committee to examine tax, export clearance issues of manufacturing Sector
NEW DELHI : The Indian Government has formed a committee with representatives from the finance ministry, DPIIT, Department of Commerce, DGFT, RBI, industry chambers, export promotion councils, and consultancy firms. The committee’s mandate is
56th Meeting of the GST Council approves dual tax rate structure of 5% and 18%
NEW DELHI : The GST Council on September 3 approved a dual tax rate structure of 5 percent and 18 percent, removing the slabs of 12 percent and 28 percent, highly placed sources told.