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New Delhi: India is exploring levying retaliatory tariffs on a range of high-value US exports if a resolution is not found by early June on the Trump administration’s extension of safeguard duties on Indian steel and aluminium exports, two persons familiar with the development said, ahead of commerce minister Piyush Goyal visit to Washington this week at the head of a trade delegation. India on Monday informed the World Trade Organization( WTO) that it will impose$ 1.91 billion of levies on impo

New Delhi: Practitioners and experts said proposed changes to the Arbitration Act should include provisions to minimise court intervention when litigants settle for out-of-court dispute resolution. While reforms pitched by the government seek to promote institutional arbitration, they still have provisions which would delay dispute resolution by allowing courts to intervene, said experts. Unlock Premium Insights in This Article Take your experience further with Mint Premium-access thought-provok

In a move to curb cheap Chinese steel imports and protect the domestic industry, the government is planning to bring additional steel products under the Bureau of Indian Standards( BIS) framework. The plan also involves expanding the classification of existing steel standards to prevent products with minor variations from escaping scrutiny during imports, two persons aware of the development said. Unlock Premium Insights in This Article Take your experience further with Mint Premium-access thoug

New Delhi: India’s overloaded debt recovery tribunals( DRTs), which are increasingly weighed down by more fresh cases being added annually than they can dispose of, may be in for some relief. The Centre plans to pursue only high-value cases—where banks’ claims are more than？... SMALLCASE 20% off on all smallcases 5+ subscriber only newsletters specially curated by the experts Free access to e-paper and WhatsApp updates Not convinced yet?... Share your contact details and we will get in touch w

New Delhi: Indian gram flour( besan) manufacturers are using cheap yellow pea to make besan but charging far higher prices, as if it were made from premium chana dal or Bengal gram, two people aware of the matter said. The Union government made yellow pea imports duty free in December 2023 to stabilize the prices of pulses, but its utilization pattern has shown unintended consequences. Unlock Premium Insights in This Article Take your experience further with Mint Premium-access thought-provoking

New Delhi: Faced with a low recovery rate of penalties imposed for anti-competitive conduct, the Competition Commission of India( CCI) has started exploring ways of making recovery more effective. The regulator has set up a three-member internal committee to recommend measures to make the recovery process more robust, two persons informed about the development said. Unlock Premium Insights in This Article Take your experience further with Mint Premium-access thought-provoking opinions, expert an

Even before the Delhi assembly election results were out, people had started speculating whether “ INDIA bloc" was signing its death warrant.... SMALLCASE 20% off on all smallcases 5+ subscriber only newsletters specially curated by the experts Free access to e-paper and WhatsApp updates Not convinced yet?... Share your contact details and we will get in touch with you…= 48 event. charCode Confirm Thanks for sharing your number....