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  • Published 10.06.17

Duty on Indian steel

New Delhi, June 9: India has moved World Trade Organisation against the US as it has not yet complied with the rulings of the multi-lateral body related to imposition of high import duty on certain Indian steel products. In December 2014, the World Trade Organisation (WTO) had ruled against the US imposing high duty on imports of certain Indian steel products. The WTO’s appellate body had ruled that the high duty was ‘inconsistent’ with various provisions of the Agreement on Subsidies and Countervailing Measures.

GST meet

New Delhi, June 9:The all powerful GST Council will meet on Sunday to review some of the rates on which industry has expressed displeasure, besides amending the draft rules. This will be the 16th meeting of the council, chaired by finance minister Arun Jaitley and comprising state counterparts, since it was set up in September 2016. 

Mobile war

New Delhi, June 9: Fair trade regulator CCI today rejected Bharti Airtel’s complaint alleging anti-competitive practices by Reliance Industries and Reliance Jio, saying no case could be made out against the Mukesh Ambani-led firms.

Urjit quiz

New Delhi, June 9: RBI governor Urjit Patel will appear before a parliamentary panel on July 6 during which he is expected to be questioned about total deposits made in banks post government’s demonetisation move. This is the fourth time Patel has been summoned by committee, headed by Congress MP and former Union minister Veerappa Moily. 

Sensex best

Mumbai, June 9: The benchmark sensitive index Sensex was among the top performing indices globally during May, and this momentum is expected to continue in the next two-three years, says an ICICI Prudential AMC report. 

Telecom woes

New Delhi, June 9: Top telecom leaders, including Sunil Bharti Mittal, Kumar Mangalam Birla and Anil Ambani, are expected to meet finance minister Arun Jaitley and telecom minister Manoj Sinha on June 22 amid mounting financial stress in the