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Major ports' cargo traffic share hits 58%: Report

The share of country’s cargo traffic handled by top 12 major ports is on increase and has reached 58 percent in 2017-18, a government report said on Thursday.On the contrary, traffic handled by about 200 minor ports, either on the…

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EU slaps tariffs on US as trade war erupts

The European Union slapped revenge tariffs on iconic US products including bourbon, jeans and motorcycles today in its opening salvo in a trade war with President Donald Trump. The tariffs, which took effect at midnight (2200 GMT Thursday) according to…

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Centralised AAR for taxpayers with 5 or more registration

With contradictory verdicts from Authority for Advanced Rulings (AAR) under the GST regime increasing the confusion among tax payers, the government is likely to constitute a centralised AAR for taxpayers who have five or more registrations.An amendment in the law…

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Crude oil production drops 3% in May

India’s crude oil production dropped 3 percent to just over 3 million tonnes in May on the back of dip in output from fields operated by state-owned Oil and Natural Gas Corp (ONGC).ONGC produced 1.84 million tonnes of crude oil…

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