Mishra strongly believes that tariff wars can be damaging to the economy when the intent itself has been set so.

But total coal-fired power generation hit new highs in India last year, so lower imports mean that higher volumes of domestic coal were burned for power instead, and that's bad news for emissions ...

This entire exercise has resulted in a loss of Rs 1,900 crore, says Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes and Customs ...