Sikkim

A US tariff on laminated steel used in packaging will not apply to Tata Steel products manufactured in the Netherlands, the Dutch foreign trade minister said on Monday.Sigrid Kaag told reporters that the US had agreed the products would be exempt from a 25 per cent tariff announced by the administration of President Donald Trump in June 2018, saving consumers and the company up to 100 million euros annually in tariff costs.”The import tariffs on laminated steel have been retracted and that’s wonderful news for Tata Steel,” Kaag told reporters in The Hague. “It’s good for us, and good for…

Civil Aviation Minister Hardeep Singh Puri, addressing the media on Monday, described the current situation of the national carrier as “very fragile”. The government had earlier released the preliminary information memorandum (PIM) for seeking expression of interest for strategic disinvestment of Air India. Mr Puri added that Air India is under a debt trap due to accumulated debt of around Rs 60,000 crore.After failing to sell majority stake in Air India in 2018, the government has worked on critical areas this time around to make the disinvestment bid more attractive to the prospective bidder, Mr Puri said.

India wants Qatar to delink the price of its imported gas from that of oil under long-term deals, the oil minister said on Monday, to make supplies cheaper for price-sensitive customers after a sharp fall in spot prices of the cleaner fuel.Liquefied natural gas (LNG) sourced from the spot market costs about half of that under the long-term deals.India in 1999 signed a long-term LNG deal with Qatar for supplies from 2004, with volumes gradually rising to 7.5 million tonnes per annum (mtpa).