Pricing Current Affairs, GK & News

US initiates new anti-dumping duty

The US has initiated new antidumping duty and countervailing duty investigations to determine whether forged steel fittings from India and Korea are being dumped there and to find if producers in India are receiving unfair subsidies. In 2018, imports of forged steel fittings from India and Korea were valued at an estimated $92.6 million and ..

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Ramesh Abhishek to head panel of secretaries to look into issues raised on some proposals of draft e-commerce policy

The Government of India (GoI) has set up a group of secretaries to look into the issues raised on some proposals of the draft e-commerce policy. The group will be chaired by Ramesh Abhishek, the secretary in the Department of Industrial Policy and Promotion (DIPP). The development comes at a time when the DIPP has ..

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IRDAI constitutes P J Joseph committee to review third party motor cover costs

The Insurance Regulatory and Development Authority of India (IRDAI) has constituted a 16-member committee to examine motor third party insurance pricing aspects and make recommendations on the premium rates for 2019-20. Apart from examining the third party cover pricing aspects, including data related ones; the committee has been tasked to revisit the classification of vehicles, ..

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Political economy of petroleum prices in India – Sailaja Akkem

Pricing of Petroleum in India: The history of pricing of petroleum in India dates back to 1920’s. During the colonial period, the pricing of petroleum was free from Government intervention and was determined mainly by the market forces. After the Second World War, the Government started to regulate the pricing the petroleum products. As a ..

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Govt gives in-principle nod to free diesel prices

Minister of State for Finance, Namo Narain Meena held that the government has taken an in-principle decision to link diesel prices with market rates. Yet, there is no proposal currently to completely deregulate cooking gas price. He also opined that the government continues to fix the price of diesel in order to protect the common ..

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Tax Avoidance and Evasion

This article discussed various methods of Tax avoidances and problem of Transfer pricing and its implications on India’s tax revenues. Methods of Tax avoidances Tax Havens: Route profits through subsidiaries located in tax havens No Repatriation of Profits: Companies headquartered in the US give a declaration to the tax a authorities there to not repatriate ..

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