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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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Sugar rates steady

Sugar rates steady

14 Nov 2019 | 1:40 PM

Kolhapur, Nov 14 (UNI) The prices of M 30 and S 30 grades of sugar rates remained steady in Kolhapur sugar market on Thursday to Rs 3,280/3,300 and Rs 3,180/3,200 per quintal respectively.

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Sensex advances 114 52 pts

Sensex advances 114 52 pts

14 Nov 2019 | 12:09 PM

Mumbai, Nov 14 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Thursday gained 114.52 points to 40,230.58 on renewed buying in energy, FMCG, finance, auto, materials, realty and consumer durables.

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Rupee rises 2 paise against USD

Rupee rises 2 paise against USD

14 Nov 2019 | 12:01 PM

Mumbai, Nov 14 (UNI) The Rupee on Thursday rose two paise to 72.

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Major currencies up

Major currencies up

14 Nov 2019 | 12:01 PM

Mumbai, Nov 14 (UNI) Following were the indicative currency rates and travellers' cheques buying and selling rates per unit on Thursday.

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Chennai Oil Market Rates

14 Nov 2019 | 11:33 AM

Chennai, Nov 14 (UNI) Following are the rates in the
Chennai Oil Market here today.

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