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Customs must not let its green channel turn red

Mint Kolkata

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June 02, 2025

Catching evaders of customs duty at airports shouldn't add friction to the process of entering India. Refrain from policy overreach and reform rules that are relics of a closed economy

As reported, the government is working on a strategy to take down an illicit but sophisticated network of 'import carriers' at Indian air and seaports—a gang of smugglers, i.e., masquerading as regular tourists. Of late, there have been many reports of duty-evasion cases. Among those that caught public attention, a Kannada actor was stopped at Bengaluru airport allegedly trying to smuggle in more than 14kg of gold in March.

Authorities not only have the usual suspects under watch, but also people with 'special privileges' at airports. 'Import carriers' are suspected of sneaking in illegal quantities of gold, electronic gadgets and even Chinese toys, which face high tariff and quality barriers. So far, so usual. No one wants smugglers running rings around customs and police, who must enforce the law. But it would help to know exactly how widespread this problem is. Data should be made public so that sporadic slip-throughs do not become a basis for tighter policy.

Mint Kolkata'den DAHA FAZLA HİKAYE

Mint Kolkata

Mint Kolkata

For a weakened Zelensky, yielding to Trump is riskier than defiance

Buffeted by a corruption scandal that has sparked fury across Ukraine, President Volodymyr Zelensky is in political trouble at home, weaker than at any point since the full-scale Russian invasion of his country began nearly four years ago.

time to read

5 mins

November 25, 2025

Mint Kolkata

Mint Kolkata

Tesla vs Tesla: HC grants protection to Musk’s company

The Delhi High Court on Monday granted interim protection to Elon Musk-led Tesla Inc. in its trademark infringement case with Gurugram-based Tesla Power India Pvt. Ltd.

time to read

1 mins

November 25, 2025

Mint Kolkata

Mint Kolkata

AI bond flood adds to market pressure

their hype; even a ratings downgrade can hurt returns, let alone a default.

time to read

3 mins

November 25, 2025

Mint Kolkata

What went into quadrupling Jio Payments Bank's footprint

Jio Payments Bank Ltd is aggressively expanding its sales network to catch up with market leader Airtel Payments Bank, with the aim of using this wider reach to acquire customers for its more profitable financial products.

time to read

2 mins

November 25, 2025

Mint Kolkata

Govt plans reform push in winter session

The government is preparing to push a packed reform agenda through parliament's short winter session that will start 1 December, with 15 sittings scheduled to clear major legislations tied to crucial issues, including ease of doing business, regulatory consolidation, foreign investment, and sectoral reforms.

time to read

1 mins

November 25, 2025

Mint Kolkata

Page Industries scouts for missing piece of comeback puzzle

Page Industries Ltd has been struggling with muted growth.Its thrust on operational efficiencies, calibrated distribution expansion and new product launches is yet to reignite the dwindling investor faith.

time to read

1 mins

November 25, 2025

Mint Kolkata

SIM misuse risk falls on users

Mobile subscribers may be held liable if a SIM card procured in their name is found to have been misused for cyber fraud or other illegal activities, an official statement said on Monday.

time to read

1 min

November 25, 2025

Mint Kolkata

How online bond platforms are powering retail investor interest

Lowering the minimum bond investment from %1 lakh to 710,000 has opened the market to first-time investors

time to read

4 mins

November 25, 2025

Mint Kolkata

Mint Kolkata

SC clears Sandesarass after ₹5,100-crore settlement deal

Court drops all criminal proceedings against Sterling Biotech promoters in a bank fraud case

time to read

3 mins

November 25, 2025

Mint Kolkata

Vibe coding: Make way for intuition-driven software

New jargon emerges regularly in the world of software development. Most terms vanish quickly, but ever so often, a term bubbles up from the cultural stew and goes mainstream—not because it introduces a breakthrough technology, but because it captures a shift in how people think about software development. ‘Vibe coding’ is one such phrase. It’s a term that reveals more about the future of programming than its whimsical name suggests.

time to read

3 mins

November 25, 2025

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