National News
India Accuses Kia of Tax Evasion
The Indian government has accused South Korean automaker Kia of evading taxes amounting to $155 million by misclassifying imported car components for assembling its Carnival minivan. Kia denies any wrongdoing and has provided evidence to support its position. This case is reminiscent of a similar dispute with Volkswagen, which faces accusations of evading $1.4 billion in taxes.
India to Review Tariff Surcharges on Luxury Cars and Solar Cells
In a move that could boost imports from the United States, India is reviewing import tariffs on over 30 items, including luxury cars, solar cells, and chemicals. This initiative aims to reduce average tariffs ahead of Prime Minister Narendra Modi’s upcoming visit to the U.S. India has already decreased average import tariff rates from 13% to 11% on several items
Local News (Jaipur)
Major Accident in Jaipur
A significant accident occurred in Jaipur’s Bhankrota area near a petrol pump, where an LPG truck collided with a CNG truck, resulting in a massive explosion. The incident led to the death of five individuals and injuries to more than 12 people. Several vehicles in the vicinity caught fire due to the explosion.
