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Orissa iron ore exports tank in January after duty hike
Iron ore exports from Orissa, the country's biggest producer and third biggest exporter of this key steel making input, slipped significantly in January compared with December 2011 after the exports duty was raised to 30 per cent. The state exported only 83,588 tonne iron ore in January, against 467,724 tonne shipped in the previous month, registering a whopping 82 per cent decline in month-on-month

Your dream home gets even more distant

The Reserve Bank of India's (RBI) latest verbal guidance to banks -not to include registration and stamp duty while arriving at the value of the house - will mean an additional hit of 5-10 per cent

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Additional export duty likely on deoiled rice bran

The ministry of agriculture has proposed imposition of additional export duty on deoiled rice bran, to ease the supply of animal feed and bakery ingredient, in the domestic market. Production of

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Budget must not ignore reforms in customs

If you intend to import chewing gum, be prepared to pay 45% duty of customs, which is 15% more than other confectioneries. If you want to import male donkey you have to pay 25% but the female donkey

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ITC: Rise in excise duty may prove an overhang

Even as volumes show signs of slowing, company clocks robust revenue growth across FMCG categories. India's largest cigarette maker, ITC, has proved yet again it can deliver on both revenues and

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Diesel cars could burn a bigger hole in pocket

No such worries for cigarettes post-Budget The finance ministry is considering raising the excise duty on diesel cars in Budget 2012-13. But, cigarettes may not see higher excise duty, as a proposal

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