Image used for representational purposes. File | Photo Credit: ANI The Ministry of Finance has suspended the import duty on cotton from June 1 to October 31, giving the much-sought relief for the textile industry. In a notification issued on May 30, the Ministry said the 11 % duty will not be levied from June...Read More

Japanese Defense Minister Shinjiro Koizumi (C) with New Zealand Defense Minister the Hon Chris Penk (L) and Australia Deputy Prime Minister and Minister for Defence of the Commonwealth Richard Marles (R) speaks to media during IISS Asia Security Summit in Singapore on May 30, 2026. Photo: VCG The defense ministers of Japan, Australia and New...Read More

India’s Push for Coal Gasification reduces urea, ammonia, and methanol imports while boosting energy security through domestic production. India’s Push for Coal Gasification Latest News Union Coal and Mines Minister promoted surface coal gasification at a roadshow, stating the technology has the potential to substitute imports worth up to ₹3 lakh crore.  The Union Cabinet...Read More

( May 31, 2026 / JNS ) Israel’s high-tech industry maintained its status as one of the world’s leading industries in 2025, recording $85 billion in exports, $84 billion in exits and nearly $15 billion in capital raised throughout the year, according to a report the Israel Innovation Authority published on Sunday. The output of...Read More

The government on Saturday exempted customs duty on cotton imports to ensure adequate availability of the raw material at competitive rates for domestic textiles industries for five months starting from Monday. Govt exempts import duty on cotton till October “This notification shall come into force with effect from the 01st day of June, 2026, and...Read More

India is set to reduce export duties on petrol, diesel, and aviation turbine fuel (ATF) effective June 1, according to a statement issued by the government on Saturday. The new duty rates are 1.5 rupees per litre for petrol, 13.5 rupees for diesel, and 9.5 rupees for ATF. These rates are subject to a fortnightly...Read More

Businesses across the United States have begun receiving refunds for tariffs deemed unconstitutional by the US Supreme Court, with the CBP initially managing a smooth process for claims. However, the Trump administration’s intention to appeal a court ruling that expands refund eligibility threatens to hinder this process. As of May 22, refund applications totaling USD...Read More

Rice bags shifted from rail wagons to sea containers at the Concor ICD in Tondiarpet | Photo Credit: Supplied Nearly 2,700 tonnes of rice from Andhra Pradesh are on their way to China through a rail-road-sea logistics chain via Chennai Port, marking the revival of export cargo handling through BCN wagons at the Container Corporation...Read More

New Delhi [India], May 30: Gold occupies a rare and unique space in India’s economy and culture. It is inherited across generations, gifted during festivals, and often treated as a practical asset of value. That is why the India gold import story is never just about luxury; it is also about household savings and buying...Read More

Guwahati: From Meghalaya’s globally sought-after Lakadong turmeric to Assam’s citrus fruits and Nagaland’s indigenous chillies, North East India is increasingly emerging as one of the country’s most promising frontiers for food processing and agri-exports. Industry leaders, policymakers and agricultural experts at the India Food Manufacturing Summit – Northeast in Guwahati said the region’s vast horticultural base,...Read More