Suresh Prabhu, the country's Sherpa to the G20: India has been working on tax evasion, economic offences and fugitive offenders running away (from the country)'The global community must act in unison to deal with issues of people committing economic offences and running away'
1 min read30 Jun 2019At Japan summit, Modi to highlight how slower global trade affects growthSuresh Prabhu, India’s sherpa to the G20 meet, said India is ‘one of the most open economies’
2 min read22 Jun 2019A panel report recommends that India’s upper range of tariffs and number of tariff rates should be reduced over a five-year periodThe panel also says after reducing customs tariffs for over two decades, India’s average tariffs were hiked in 2017
1 min read25 May 2019Ross is visiting India to attend the 11th Trade Winds Business Forum and Mission hosted by the US Department of CommerceBoth the countries are locked in a tariff dispute with the US deciding to end preferential trade treatment to Indian exports
1 min read6 May 2019India this month stopped importing crude oil from Iran following the US move to end sanction waiversIranian oil was a lucrative buy for Indian refiners as the Persian Gulf nation provides 60 days of credit for purchases
1 min read6 May 2019The India-US trade relation is going through a rough patch as the US has decided to withdraw export benefits to Indian exportersIndia has notified retaliatory tariffs on 29 US products but has time and again extended the deadline for imposing them
1 min read30 Apr 2019Prabhu has also asked Civil Aviation Secretary to take necessary steps to protect the rights and safety of passengersJet Airways is grappling with acute financial crunch and is operating less than 10 planes
1 min read16 Apr 2019According to airline sources, Jet Airways will operate only nine planes -- two Boeing 737s and seven regional Jet ATRsCash-strapped Jet Airways on Thursday grounded its services to and from the East and Northeast regions
1 min read12 Apr 2019The ministry has planned to set up an elaborate machinery including a steering committee for effective implementation of the policyFDI in India during April-December 2018 declined by 7% to $33.5 billion
2 min read4 Apr 2019The minister also said the government has been constantly responding to industry conditions and cited measures takenPrabhu said the airline industry is a dynamic industry which requires continuous adjustment
1 min read31 Mar 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared