Business Finance

India Reduces Customs Duty on Bourbon Whiskey to 50%

By BPN News Desk February 14, 2025

In a significant policy shift, India has announced a reduction in customs duty on bourbon whiskey imports from 150% to 50%. This decision, effective from February 13, 2025, is part of India’s broader strategy to strengthen trade ties with the United States. Details of the Duty Reduction The revised tariff structure imposes a basic customs […]

Defence

Russia Offers AL-41 Engine Upgrade for India’s Sukhoi-30MKI Fleet

By BPN News Desk February 14, 2025

At Aero India 2025, Russia has proposed an upgrade for India’s Sukhoi-30MKI fighter jets by equipping them with the advanced AL-41 engine, which is currently used in Russia’s fifth-generation Sukhoi-57 stealth fighters. The offer aims to enhance the performance and operational capabilities of the Indian Air Force’s (IAF) frontline combat aircraft. The

Defence National

India Anticipates $200 Million Akash Missile Deal with Philippines

By BPN News Desk February 13, 2025

India is poised to finalize a significant defense agreement with the Philippines, involving the sale of Akash surface-to-air missile systems valued at over $200 million. This prospective deal underscores the deepening defense collaboration between the two nations, particularly amid escalating regional security concerns. Strengthening Defense Ties The anticipated agreement

Asia

India Monitors China’s Brahmaputra Mega Dam Plans

By BPN News Desk February 13, 2025

The Indian government is closely monitoring developments related to the Brahmaputra River, particularly China’s plans to construct a massive hydropower dam in Tibet. As reported by Deccan Herald, the government is vigilant about any activities that could impact the river’s flow into India. China has approved the construction of the world’s largest

Government Policies

Government Proposes Stringent Penalties for Illegal Entry into India

By BPN News Desk February 13, 2025

The Immigration and Foreigners Bill, 2025, proposes up to five years imprisonment and fines up to ₹5 lakh for illegal entry into India, aiming to strengthen immigration control.

Trade

India Develops Sanctions-Proof Supply Chain for Russian Oil

By BPN News Desk February 13, 2025

Indian oil refiners are restructuring supply chains, creating new entities, and exploring alternative payment methods to maintain Russian crude imports amid tightening international sanctions.

Industry

Zero Tariffs Could Boost India’s Competitiveness in Semiconductor Manufacturing: U.S. Semiconductor Industry Association

By BPN News Desk February 13, 2025

The U.S. Semiconductor Industry Association emphasizes that eliminating tariffs on semiconductor components and equipment is essential for India to enhance its global competitiveness in chip manufacturing.

International

India’s Russian Crude Imports Surge Despite New Sanctions

By BPN News Desk February 5, 2025

India’s crude oil imports from Russia surged by 13% in January, even as the United States imposed fresh sanctions aimed at restricting Russia’s energy exports. The increase highlights India’s continued focus on securing cost-effective energy supplies amid shifting global trade dynamics. India’s Energy Strategy and Russian Oil Imports India has consistently

International

India Procures Russian Anti-Ship Cruise Missiles

By BPN News Desk February 5, 2025

In a strategic move to bolster its naval defense, India has entered into a contract with Russia for the acquisition of anti-ship cruise missiles. This procurement aims to significantly enhance the combat capabilities of the Indian Navy’s submarine fleet. Contract Details The agreement was formalized in the presence of Defence Secretary Rajesh Kumar Singh. The […]

International

Canadian Report Finds ‘No Definitive Link’ Between India and Nijjar’s Killing

By BPN News Desk January 30, 2025

A recent Canadian report has concluded that there is “no definitive link” between the Indian government and the assassination of Hardeep Singh Nijjar, a prominent Khalistani separatist leader, in June 2023. This finding comes amid ongoing diplomatic tensions between Canada and India, following Prime Minister Justin Trudeau’s September 2023 assertion of