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Publishing confidential export-import data may now lead you to jail

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Publishing confidential export-import data may now lead you to jail

The government has proposed making it an offence punishable by up to six months in prison if individuals publish details about the volume and value of individual imported and exported items.

The FY23 Budget proposes the introduction of Section 135AA into the Customs Act through the “Protection of Data” Finance Act.

“If a person publishes under this Act any information concerning the value or classification or quantity of goods exported from or imported into India, or details of the exporter or importer of such goods, unless it is required by any provision to do so Under the current law, he will be jailed for up to six months, or fined up to Rs 50,000, or both.”

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It further clarifies that nothing in this section applies to any publications published by or on behalf of the central government. “For the purposes of this section, the term ‘publish’ includes the reproduction of information in print or electronic form and making it available to the public,” it added.

The Explanatory Memorandum for the 2022 Finance Act says Section 135AA will be inserted into the Customs Act to “protect import and export data that importers or exporters submit to Customs in their declarations by publishing such information, unless the law provides otherwise. There are provisions. , as a crime under the Customs Act.”

“Customs import and export data on valuations is classified data. But some people have access to the data and they are publishing it. The amendment now makes it a crime and should be punished,” an administration official said on condition of anonymity Say.

Similar provisions are found in the Collecting Statistics Act, under which it is illegal for the government to collect price and output data and for government employees to disclose any information shared by producers. “The information contained in any information sheet and the answers to any questions asked shall not be released or disclosed separately, and the identity of the informant shall not be withheld from any agency except in prosecution under this Act,” the bill said.

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The Act provides that any such act is punishable by a simple jail term of up to six months or a fine of up to Rs 2,000 or, in the case of companies, a fine of up to Rs 10,000, or both.

Complete News Source : Business Standard

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Stock market in red amid India’s diplomatic action against Pakistan

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Stock market in red amid India’s diplomatic action against Pakistan

The stock market opened in red on Thursday, with the Sensex trading below 187.91 points and the Nifty below 46.45 points. The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. Eight of the 13 major sectors declined at the open, while the broader, more domestically focused small-caps and mid-caps traded flat.

Ajay Bagga, market expert, said that the overhang remains for the next 10 to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. On Wednesday, stock markets extended their surge to the seventh day, with Sensex share jumping 520 points to close above 80,000 level for the first time in four months.

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The stock market closed in green for the 7th day on Wednesday, with the 30-share Sensex rising by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged by 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. HCL Tech surged the most by 7.72 per.

Cent after posting an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore. Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC, and UltraTech Cement were also among the laggards, according to PTI Both the Sensex and Nifty reversed their seven-day.

Uptrend and settled lower on Thursday, amid profit-taking and disappointing Q4 earnings of Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel, and a largely muted trend in Asian and European equities also dragged the markets down, PTI reported. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty.

jumped 1,929.8 points or 8.61 per cent ​Indian stock markets experienced significant declines on April 25, 2025, amid escalating geopolitical tensions with Pakistan following a deadly militant attack in Pahalgam, Kashmir, which resulted in 26 civilian deaths. The BSE Sensex fell by 1,195 points during intraday trading, closing 570.8 points lower at 79,227, while the NSE.

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The market downturn was driven by widespread losses across sectors, with 12 out of 13 major indices ending in the red. Broader markets were also affected, as mid-cap and small-cap Nifty50 dropped 207.3 points to settle at 24,039 indices declined over 2%. Investor sentiment was further dampened by India’s strong diplomatic response to the attack, which included.

suspending the Indus Waters Treaty, closing the Attari border crossing, and revoking visa privileges for Pakistani nationals The Indian rupee weakened, closing 0.2% lower at 85.45 against the U.S. dollar, influenced by month-end dollar demand and increased geopolitical uncertainty. Bond yields also rose, reflecting heightened risk aversion among investors

Analysts caution that the ongoing tensions between India and Pakistan could continue to impact market stability. While a full-scale conflict is considered unlikely, the situation remains fluid, and investors are advised to monitor developments closely In Pakistan, the Karachi Stock Exchange’s KSE-100 index fell by 2.12%, or 2,485.85 points, as investors reacted to India’s.

The United Nations has urged both nations to exercise restraint and resolve their differences through peaceful dialogue diplomatic measures and the suspension of the Indus Waters Treaty Indian stock markets slipped into the red on April 25, 2025, following India’s strong diplomatic actions against Pakistan after a deadly terrorist attack in Kashmir. The BSE Sensex.

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