Economy

RBI said banks should not allow customers to rebook any foreign exchange derivative contract.

These restrictions will operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment, the Directorate General of Foreign Trade (DGFT) said in a notification.

Minister of State for Communications Pemmasani Chandra Sekhar, in a written reply to Lok Sabha, said that total imports in the telecom instruments category rose from $13,333 million in 2019-20 to $17,010 million in 2023-24.

As many as 3,195 applications were pending at the beginning of March, while 22,243 fresh applications were received during the month.

India and the US have established a framework for an Interim Agreement that reflects both nations' shared commitment to fostering an open and equitable digital trade environment.

Sources stated that the Centre undertook sectoral exclusions from the relief measures with regards to select sensitive sectors.

The latest development comes after the Supreme Court ruled against Mauritius-based Tiger Global International, upholding the Income Tax Department's right.

As the conflict evolves, an expert points to a shift in risks between key players, suggesting different paths ahead for countries involved in the crisis.

Gross collections rose 8.3% to Rs 22.27 lakh crore from Rs 20.55 lakh crore.

The feedback collected from these meetings will help the Commission decide how much salaries, pensions and benefits should be revised in the future.

Commercial LPG prices increased by Rs 195.50 per 19-kg cylinder, costing Rs 2,078.50 in Delhi, while domestic LPG prices remain unchanged at Rs 913 per 14.2-kg cylinder.

The rupee was already under pressure before the war, weighed down by widening external balances and capital outflows.

The increase comes as global oil prices have risen amid disruption to energy supplies linked to the conflict in the Middle East.

The programme has expanded significantly over the past 14 years.

The central bank said that it will continue to monitor the situation closely and intervene in an appropriate manner as and when required.

New Delhi pushed for consensus on long-pending agriculture issues, including public stockholding for food security and a special safeguard mechanism, particularly in cotton.

Under the previous rules, many service providers were classified as "intermediaries", which meant the "place of supply" was considered the supplier's location in India rather than the client's location overseas.

One of the most significant changes is the removal of the Rs 10 lakh cap on courier export consignments.

Meanwhile, Faiz Ahmed Kidwai has been appointed as Additional Secretary in the Department of Personnel and Training (DoPT).

It said the Indian economy, which imports nearly 90% of its crude oil requirements, is also highly dependent on imports of natural gas and fertilisers, and is particularly vulnerable to such external shocks