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Business Economy


India taken up imposition of high custom duty on steel, aluminium products issue with WTO

India taken up imposition of high custom duty on steel, aluminium products issue with WTO

New Delhi, Jan 2 (UNI) The United States has imposed global tariff on certain steel and aluminium products and India has taken up the issue at the World Trade Organisation as it considers these additional duties to be non-compliant with WTO provisions.

'The United States has imposed global tariff of 25 per cent and 10 per cent in March, 2018 on certain steel and aluminium products, respectively, under Section 232 of US Trade Expansion Act of 1962. India took up this issue at World Trade Organisation(WTO) as it considers these additional duties to be non-compliant with WTO provisions,' official sources said.

India has retaliated against the US by imposing additional customs duties on 29 items originating from the US under the provisions of WTO Safeguard Agreement.

India has also challenged these measures as inconsistent at the WTO level and asked the US to bring these measures to be consistent with WTO provisions.

A dispute settlement panel has been established by Dispute Settlement Body (DSB) on December 4, 2018 to adjudicate in the dispute, the sources added.

UNI RSA JW0817

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Cigniti Tech Chairman receive ‘Corporate Leader of the Year’ award from Gadkari

21 Sep 2019 | 6:46 PM

Hyderabad, Sep 20 (UNI) Hyderabad-headquartered Cigniti Technologies Limited, a Global Leader in Independent Quality Engineering and Software Testing Services, has won the ‘Corporate Leader of the Year’ award at the 15th Indo-American Corporate Excellence (I-ACE) Awards held in Mumbai on Friday.

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19th India Design Summit – “Design for Social Sector” held

21 Sep 2019 | 5:32 PM

Panaji, Sep 21 (UNI) The 19’th India Design Summit began on Friday here focusing on social sector to deep dive in the sector specific aspects and applications of design.

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IOB raises Rs 500 cr through BASEL-III Tier-II bonds issue

21 Sep 2019 | 4:53 PM

Chennai, Sep 21 (UNI) The public sector Indian Overseas Bank (IOB)
has mobilized Rs 500 crores through its issue of Basel III Compliant
Tier II Bonds today.

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Bullion Market Closing Rates

21 Sep 2019 | 3:17 PM

Chennai, Sep 21 (UNI) Following is the bullion markets
closing rate here today.

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Sugar rates steady in Kolhapur market

21 Sep 2019 | 2:30 PM

Kolhapur, Sep 21 (UNI) The prices of M 30 and S 30 grades of sugar rates remained steady in Kolhapur sugar market on Saturday at Rs 3,280/3,300 and Rs 3,180/3,200 per quintal respectively.

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