Imports
Latest news, explainers and analysis on Imports. Tracking 7 stories on Arth Vani.
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Latest on Imports
BreakingIndia's GST Collections Soar 23% Driven by Robust Domestic Demand and Imports
India's Goods and Services Tax (GST) collections have seen a significant 23% increase, a surge primarily attributed to strong domestic demand and higher imports. This indicates a healthy level of economic activity and potentially improved tax compliance across the country.
BreakingIndia's GST Collections Jump 23%, Driven by Strong Domestic Demand and Imports
India's Goods and Services Tax (GST) collections have seen a significant 23% increase in the latest available data. This robust growth is primarily attributed to strong domestic consumer demand and a surge in imports, indicating healthy economic activity.
China's TBM Export Curbs Highlight India's Import Reliance
China's recent export controls on tunnel boring machines (TBMs) have exposed India's dependence on foreign suppliers for critical infrastructure equipment. This comes as India plans a ₹9,000 crore ($1.2 billion) incentive scheme to boost domestic manufacturing.
Indian Copper Producers Urge Government to Double Import Duty on Solar Components
The Indian Primary Copper Producers Association has requested the government to increase customs duties on solar PV ribbon and busbars from 5% to 10%. This move aims to protect domestic copper manufacturers, citing underutilized production capacity due to cheaper imports, particularly from China.
India's Russian Crude Imports Hit Record High for Second Month
India's imports of Russian crude oil surged to a new record in July, marking the second consecutive month of increased purchases. This rise was driven by smaller import terminals across the country, underscoring India's continued reliance on discounted energy from Russia.
Japan's Exports Surge 19.3%, Imports Jump 25.4% in June; Fastest Growth Since Nov 2022
Japan witnessed its fastest trade growth since November 2022 in June, with exports climbing 19.3% and imports spiking 25.4% compared to the same month last year. These figures surpassed analyst estimates, signalling a robust rebound in the nation's international trade.
BreakingDollar's Strong Surge: How It Hits Your International Holdings & India's Rupee
The US dollar is experiencing significant strength, fueled by global tensions, a sell-off in world equities, and expectations of higher US interest rates. This trend has direct implications for Indian retail investors, affecting the value of the Rupee, the cost of imports, and returns from international investments.
Tax figures shown are indicative estimates for education only and depend on your specific situation. Consult a qualified tax professional or the Income-Tax Department before acting.