India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports from China and elsewhere, Reuters reported citing officials and industry sources.
The government had identified items and decided to increase import tariffs by 5%-10% as recommended by a panel of trade and finance ministry officials. This may cause price rise of many items
Ahead of Budget, Anurag Thakur, Minister of State, Finance said the government received suggestions from across India. "Modi govt believes in 'sabka sath, sabka vikas.' We received suggestions from across the country. The government is making efforts that this budget is good for all. "But how far this is possible? Read more
In the economic survey 2020, Chief Economic Adviser Krishnamurthy Subramanian has strongly countered former CEA, Arvind Subramanian's questions on the accuracy of Indian GDP numbers. Read more
