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Finance Minister Nirmala Sitharaman has said that the government is keeping a ‘good watch’ on exchange rates, stressing that besides rupee several other currencies have depreciated against the US dollar.
The CBI has booked four customs officials for allegedly facilitating exports of fake gold jewellery valued at Rs 487 crore from the Chennai airport to claim customs duty refund and receiving Rs 6.99 crore as a bribe for it, officials said.
Amid current tensions between Washington and Delhi over tariffs and purchase of Russian oil, U.S. President Donald Trump said India and the United States have a “special relationship” and there’s nothing to worry about as the two countries “just have moments on occasion”.
Indian exporters said they will lobby the central bank to allow them to temporarily convert proceeds from their US business at a rupee rate that’s 15% lower than current levels, to help cushion the blow from President Donald Trump’s punitive tariffs.
US President Donald Trump said America maintains a good relationship with India but described the trade relationship as “one-sided” for many years due to India’s high tariffs on American goods.
Mumbai Customs on Wednesday said that its officers deputed at the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai have arrested a passenger arriving from Kuala Lumpur with hydroponic marijuana worth over Rs 12 crore.
The Delhi High Court has directed the Central Board of Indirect Taxes and Customs (CBIC) and the Commissioner of Customs to consider providing preferential treatment to start-ups and micro, small, and medium enterprises (MSMEs) facing delays in customs procedures, especially for low-value consignments.
The Directorate of Revenue Intelligence (DRI) on Tuesday served a notice on Kannada actress Ranya Rao alias Harshavardhini Ranya, 33, for the payment of a Rs 102-crore penalty for allegedly smuggling an equivalent amount of gold into India from Dubai in 2024-2025.
The Central Bureau of Investigation (CBI) has filed an FIR in connection with a large-scale gold export scam at Chennai Airport Cargo, a fraud operation that allegedly cost the Union government over ₹1,000 crore annually from 2020 to 2022.
Donald Trump Saturday clarified that all forms of tariffs imposed on multiple countries will continue to remain in effect even as a federal appeals court ruled that the US President had no legal right to impose such sweeping tariffs.