import tariffs

India has moved silver imports to a "restricted" category, requiring government approval, to prevent traders from exploiting a duty gap created by a recent 15% import tax hike. This move aims to curb arbitrage opportunities through the India-UAE free trade agreement, protect foreign exchange reserves, and control precious metal inflows, while exempting export-oriented industries.

India has significantly increased import tariffs on gold and silver to 15% from 6% to curb imports and protect foreign exchange reserves. This move follows Prime Minister Modi's appeal for citizens to avoid gold purchases for a year, aiming to narrow the trade deficit and support the rupee amid global economic pressures.

Amazon allegedly pocketed hundreds of millions by not refunding consumers for Trump-era tariffs, a class-action lawsuit claims. While other companies sought reimbursements after the Supreme Court ruling, Amazon reportedly held back, potentially to gain political favor. The suit alleges Amazon profited from unlawful government actions, leaving customers to bear the costs.

Will lead a central bank oriented toward reform, says new chair

Delhi airport's air train project, a Rs 3,000-4,000 crore automated people mover, will be funded by operator DIAL and is expected to be operational in 30 months. This initiative aims to enhance inter-terminal connectivity for transit passengers, with the service being free for flyers and chargeable for non-passengers.

India has blocked China's request for a World Trade Organization (WTO) dispute settlement panel concerning New Delhi's support for its solar and IT sectors. China alleged that India's measures discriminate against its goods, violating WTO provisions. India rejected these claims, asserting its measures align with WTO rules.

Tripura is making strides in attracting global investment by initiating talks with the Russian embassy to forge new alliances. As part of this initiative, Russia has been invited to join as a partner country for the upcoming Destination Tripura Business Conclave 2026, with a keen focus on sectors such as tourism, IT, and agro-processing.

The Indian rupee hit an all-time low against the US dollar, falling to 96.1650 amid escalating Middle East conflict and rising oil prices. This depreciation intensifies concerns over India's macroeconomic outlook, with authorities implementing measures to curb the decline and stabilize the currency.

Rupee depreciation is not new, what is new however is the rapid pace at which it is falling. It’s the biggest risk for India’s external sector resilience at the moment. In just over a year, the rupee has depreciated over 14%.

Government sources indicate no immediate plans to hike gold and silver import duties, despite calls to curb non-essential gold purchases. Meanwhile, India anticipates US trade talks addressing pending issues, including a Section 301 probe, though a comprehensive deal remains distant. India has contested US allegations of structural overcapacity, urging the termination of the investigation.

A US federal trade court ruled against President Trump's 10% global tariffs, deeming them invalid and unauthorized by law. The court found the administration's justification under a 1974 trade law insufficient, a setback for a key trade policy. This decision offers stability to businesses reliant on global supply chains.

The move to up the gold import duty comes days after PM Narendra Modi appeals to citizens to avoid unnecessary gold purchases for a year. But is a hike in duties an effective way to curb consumption? We take a look:

US courts have again blocked Trump's 10% global tariffs, deeming them unauthorized. This ruling, following earlier tariff invalidations, signals a return to WTO's MFN rates. For India, this policy instability raises concerns, prompting advice to pause Free Trade Agreement talks until US trade systems stabilize, preventing one-sided deals.

Canadian investor Kevin O'Leary urges young professionals to save daily spending on coffee and sandwiches for investment. He believes this habit builds wealth over time. O'Leary also warns that America's energy grid is not ready for the AI boom. He highlights China's rapid power expansion. Investors should also note his views on interest rates and tariffs.