Monday, August 24
China announced on Monday tariff adjustments for some products beginning next year, including lowering the import duties on resource-based commodities such as recycled black powder for lithium-ion batteries.The country will also lower levies on medical products including artificial blood vessels and diagnostic kits for certain infectious disease, according to a statement by the Customs Tariff Commission of the State Council.For 925 products, the provisional import tariff rates levied on them will be lower than the most-favoured-nation rates applied to all World Trade Organization member states, it added.
New Delhi, [India] December 29 (ANI): India has the world's third-largest rare earth reserves, but its production remains among the lowest compared to major global players, highlighting a sharp gap between resource availability and actual output, according to a report by Amicus Growth.Data showed that India holds about 6.9 million tonnes of rare earth oxide (REO) reserves, placing it behind only China and Brazil. China tops the list with 44 million tonnes of reserves, followed by Brazil with 21 million tonnes. Other countries with notable reserves include Australia (5.7 million tonnes), Russia (3.8 million tonnes), Vietnam (3.5 million tonnes) and the United States (1.9 million tonnes).Despite its strong reserve position, India's production remains limited. In 2024, India produced only 2,9
Mumbai: The unforeseen ‘do not reply’ emails hitting inboxes of taxpayers who may have been on a tiger safari in Pench, or sunbathing on a South Goa beach, have a singularly disquieting quality.These bluntly-worded, pre-Christmas communiqués sent out to thousands primarily aim at two categories — wealthy individuals who donated lakhs to charities; and salaried persons who, in their tax returns, claimed multiple deductions or benefits that do not figure in Form 16.Form 16 is the summary of salary and tax deducted and deposited with the Income Tax (I-T) Department by employers on behalf of employees. According to the terse emails, the processing of I-T returns — and therefore the refunds claimed by these taxpayers — is being kept on hold, either because the permanent account numbe
The cryptocurrency market turned broadly positive, with Bitcoin climbing above USD 89,000 and Ethereum reclaiming the USD 3,000 mark. Bitcoin and Ethereum were trading at USD 90,225 and USD 3,047, respectively, on Monday.Over the past 24 hours, Bitcoin and Ethereum rose by 2.88% and 3.69%, respectively. Among major altcoins, BNB, XRP, Solana, Tron, Dogecoin and Cardano gained over 3%, while Hyperliquid slipped 0.51% during the same period.Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin reclaiming key moving averages is a strong signal that momentum is returning to the crypto market. After weeks of consolidation, BTC’s move above the 20-day EMA and its test of the 50-day EMA suggest that bulls are gradually regaining control.Sehgal added that with only a few days left in 202
Shares of MMTC Limited jumped 10.5% to an intraday high of Rs 71 on Monday, extending a seven-day winning streak. The stock has gained over 31% during this period, supported by rising gold and silver prices, which have lifted trading volumes and sentiment for bullion-linked firms such as MMTC.The sharp rise in MMTC shares comes amid a strong rally in gold and silver prices, which have touched fresh record highs in both domestic and international markets.MMTC Limited is a government-owned trading enterprise with a significant presence in the import, export and domestic trading of precious metals, including gold and silver. The company operates in the bullion segment through its joint venture, MMTC-PAMP India, which refines and retails gold and silver bars and coins for investors and jewelle
