more-inThe government has finalised the list of non-essential items on which it will be imposing import tariffs, according to a senior official in the Finance Ministry. The official said the list, to be notified soon, would include electronics, gems, select items of steel that are also manufactured in India, imported apples, and almonds, among others. “There has been a discussion on the list for the last two weeks,” the official said, speaking on condition of anonymity since the list has not been notified yet. “The main issue under consideration was whether to include gold in it. The imposition of tariffs on the import of non-essential items is expected to bolster these efforts in stabilising the rupee’s levels, according to the official.

Source: The Hindu September 24, 2018 17:54 UTC