Topic
finance ministry
Trade India Finance Ministry Imposes Five-Year Anti-Dumping Duty on Low Ash Met Coke
India's Finance Ministry has imposed an anti-dumping duty on low ash met coke imports, effective for five years from the date of provisional duty imposition. The duty, payable in Indian currency, follows a Directorate General of Trade Remedies (DGTR) investigation that found dumped exports causing injury to the domestic industry. The measure is expected to raise costs for steel producers who rely on this high-purity carbon fuel.
Trade India Finance Ministry Notifies Rules of Origin for Goods Under India-UK Trade Pact
India's Finance Ministry has notified the rules of origin for goods under the India-UK Comprehensive Economic and Trade Agreement (CETA). The rules, effective July 15, 2026, are critical for exporters to claim duty-free access covering 99% of India's exports to the UK. CBIC will oversee implementation, with authorised entities issuing certificates of origin.
Commodities Rain Deficit and Weak Kharif Sowing Prompt Finance Ministry to Call for Agricultural Pricing Policy Reorientation
India's finance ministry, in its monthly economic review, flagged concerns over a 22% decline in kharif crop sowing in June due to a 43% rainfall deficit. It called for reorienting agricultural pricing policies to incentivize climate-resilient crops and disincentivize water-intensive ones. Despite the sowing decline, wheat and rice stocks exceed 4.4 times the buffer norm, providing a cushion. The ministry also noted that easing global energy market stress moderated crude oil prices, improving growth and inflation outlook.
Technology Finance Ministry Panel Clears Rs 1.25 Lakh Crore for India Semiconductor Mission 2.0; Cabinet Approval Next
The Expenditure Finance Committee under the Finance Ministry has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, significantly higher than the first phase's Rs 76,000 crore. The proposal now goes to the Union Cabinet for approval. The mission aims to deepen domestic chip manufacturing, supporting equipment, materials, and indigenous designs, with 12 projects already approved under Phase 1.
Finance More Measures on Gold Coming? Finance Ministry Asks Banks for Data on Metal Loans
India's Finance Ministry has directed bullion-importing banks to submit detailed information on gold metal loans (GMLs) and gold-backed loans from 2023 onwards, signaling potential new measures to curb gold imports. Despite lower import volumes, India's gold import bill rose 24% to a record $71.9 billion in 2025-26. The move follows an increase in import duty on gold to 15% and restrictions on silver imports.