Household essentials set to become costlier

NEW DELHI : Your daily consumption basket, including staples, packaged foods and household essentials, could become more expensive in the months ahead as rising fuel prices push up supply chain and input costs. The fuel price revision, amid the ongoing West Asia conflict, is expected to add fresh pressure on FMCG companies, prompting them to…

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After duty hike comes curbs on silver import

NEW DELHI: Days after more than doubling the customs duty, govt on Saturday moved in to restrict the import of certain types of silver as part of its strategy to reduce surging shipments of bullion.In a notification, the directorate general of foreign trade moved silver bars containing 99% or more of the metal as well…

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Tata Trusts ordered to defer today’s board meets

Maharashtra’s charity commissioner has ordered Tata Trusts to defer board meetings and launched an inquiry into complaints filed by vice-chairman Venu Srinivasan and advocate Katyayani Agrawal, stating that “the issues highlighted by them are serious and require due consideration.” The development deepens a governance dispute at one of India’s most influential philanthropic institutions where Srinivasan…

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CCPA issues notices to Amazon, Flipkart, Meesho and JioMart over ‘cyclosinone herbicide’ sale

Four major e-commerce platforms– Amazon, Flipkart, Meesho and JioMart– have removed listings of the allegedly unregistered “Cyclosinone Herbicide” following notices issued by the Central Consumer Protection Authority (CCPA), which has now ordered a detailed investigation into the matter.In a statement issued on Saturday, the regulator said the platforms informed it that listings of the product…

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Why the government is identifying 100 products to cut import dependence

India is preparing a fresh manufacturing push centred on identifying nearly 100 products that are either not produced domestically or are inadequately manufactured despite existing capability, signalling a sharper industrial policy focus amid shifting global supply chains, geopolitical tensions and the country’s ambition to emerge as a global manufacturing hub.The initiative, outlined by Department for…

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Government changes status from ‘free’ to ‘restricted’

The government has imposed restrictions on silver imports, according to an official order issued on Saturday, as authorities continue efforts to regulate bullion inflows and reduce pressure on the country’s external sector.In a notification, the Directorate General of Foreign Trade said the import policy for silver, including silver alloys with gold and platinum, has been…

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