Government may introduce more import curbs: Finance ministry source

NEW DELHI: India will quickly announce steps to boost exports, whilst now not ruling out additional import curbs, a senior finance ministry supply said on Thursday.

India on Wednesday raised import price lists on 19 "non-essential items", in a bid to reduce a widening current account deficit and take on a dramatic slide in the rupee.


Imported ACs, refrigerators, footwear to be more expensive as executive hikes responsibility

The executive raised import responsibility on Wednesday on 19 pieces, together with air conditioners, fridges, small washing machines, audio system, footwear, radial automotive tyres, a number of gemstones and household items. The responsibility hike is predicted to make these items more expensive. Even air commute may get more expensive as import responsibility on aviation gasoline has been raised to 5%.


The finance ministry expects the tariff hike on goods together with air conditioners, fridges, footwear and aviation turbine gasoline, will lift Rs 4,000 crore ($551 million) once a year, the supply, who declined to be known, told newshounds.


Another senior finance ministry official earlier added the ministry saw no affect on Indian airways from its determination to impose a 5 according to cent import responsibility on jet gasoline, after stocks of businesses together with Jet Airways fell on Thursday.


The first supply said the finance ministry expects powerful financial enlargement despite the fall in the rupee and emerging crude oil prices, however would need to conserve its foreign currencies reserves.
Government may introduce more import curbs: Finance ministry source Government may introduce more import curbs: Finance ministry source Reviewed by kailash soni on September 27, 2018 Rating: 5
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