Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/we-must-continue-to-trade-with-china-says-bajaj-autos-managing-director-rajiv-bajaj/articleshow/81244770.cmsSynopsis Bajaj also said that in terms of ease of doing business, operating something in one of the ASEAN countries is certainly easier than
Category: EXIM
Modi govt has been quietly following the idea of Aatmanirbharta for the past seven years – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/modi-govt-has-been-quietly-following-the-idea-of-aatmanirbharta-for-the-past-seven-years/articleshow/81248310.cmsSynopsis While the tagline — Aatmanirbharta — is new, the Centre has been quietly following the idea inherent in it since the first Modi
US owes India USD 216 billion as American debt soars to USD 29 trillion: lawmaker – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/us-owes-india-usd-216-billion-as-american-debt-soars-to-usd-29-trillion-lawmaker/articleshow/81240956.cmsSynopsis America’s national debt was USD5.6 trillion in 2000. During the Obama administration, it actually doubled. In 2020, the US national debt was USD
Pricier steel can be costly for economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/pricier-steel-can-be-costly-for-economy-ep/article33813520.ece To sustain post-Covid recovery, steel import tariffs must be cut to zero and iron ore export curbed The Competition Commission has opened a suo
Imported raw material, other than precious metals, permitted to be used for job work – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/imported-raw-material-other-than-precious-metals-permitted-to-be-used-for-job-work/article33752299.ece Advance intimation of import consignment to be mandatory A manufacturer will now be able to use imported raw material for outsourced work also
There is no provision to take credit of the agriculture infra cess: Expert | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/there-is-no-provision-to-take-credit-of-the-agriculture-infra-cess-expert-121020800718_1.html This should not matter much because wherever AIDC has been imposed, the basic customs duty (BCD) or excise duty has been reduced, and
Exporters shouldn’t rely much on subsidies from govt | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/exporters-shouldn-t-rely-much-on-subsidies-from-govt-121020701022_1.html The government has introduced the Agriculture Infrastructure and Development Cess that will be levied on select imported goods and petroleum products The finance
Work towards more localisation or we will think of increasing import duty: Nitin Gadkari to Auto Industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/work-towards-more-localisation-or-we-will-think-of-increasing-import-duty-nitin-gadkari-to-auto-industry/articleshow/81204754.cmsSynopsis “I am requesting to [Sic.] auto manufacturing companies to take it (localisation) very seriously. Otherwise, for import of components we will think on
Air conditioners manufacturers commit to export target of 50% of sales | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/air-conditioners-manufacturers-commit-to-export-target-of-50-of-sales-121022401718_1.html As part of the announcement, the Centre has earmarked over Rs 1.46 trillion for 10 sectors under the scheme. Currently, India has a
PLI scheme: Only a few PLI sectors might succeed; most of them risk failure. Swaminathan Aiyar explains why – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/only-a-few-pli-sectors-might-succeed-most-of-them-risk-failure-swaminathan-aiyar-explains-why/articleshow/80905360.cmsSynopsis Why should the government pick winners instead of letting market competition decide that? In the 1990s, nobody thought that software, autos, and pharma
Positive cues from China to keep steel prices, demand and supply in balance | Business Standard News
Clipped from: https://www.business-standard.com/article/international/positive-cues-from-china-to-keep-steel-prices-demand-and-supply-in-balance-121022200414_1.html China’s opening post-holidays was keenly awaited, especially in the wake of the sluggishness in the market in January With the pollution curbs, China
Export a new opportunity for construction equipment industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/export-a-new-opportunity-for-construction-equipment-industry/articleshow/81202159.cmsSynopsis The Indian CE market has been hobbled by the fact that the bigger machines are imported from China, Korea and Japan. (This story
Dip in gold jewellery exports hits small-scale units – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/dip-in-gold-jewellery-exports-hits-small-scale-units/articleshow/81202270.cmsSynopsis Estimates suggest that Gujarat also accounts for upto 10% of jewellery exports in India. Ahmedabad is home to at least 30-40 wholesale jewellery
The need for business continuity planning caps a disastrous year for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-need-for-business-continuity-planning-caps-a-disastrous-year-for-msmes/articleshow/81202797.cms The year 2020 was difficult for everyone, but it was particularly tough for SMEs. Months of lockdown, paucity of funds, and a fall in demand
MSME sector emerged as growth engine of economy: RBI Governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-sector-emerged-as-growth-engine-of-economy-rbi-governor-shaktikanta-das/articleshow/81208004.cms Outlining the emerging post Covid opportunities in India, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the MSME sector in India has emerged as the
Stainless steel MSMEs will be on the verge of bankruptcy due to excessive import dumping from China, Indonesia: ISSDA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/stainless-steel-msmes-will-be-on-the-verge-of-bankruptcy-due-to-excessive-import-dumping-from-china-indonesia-issda/articleshow/81212911.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The government reversed six trade remedies out of which three relate to stainless steel, which is just 3% of the overall steel industry
PLI scheme: Govt clears PLI scheme to boost manufacturing of laptops, tablets, PCs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cabinet-approves-pli-scheme-for-electronics-medical-devices/articleshow/81189374.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The development comes just a week after the Cabinet approved the PLI scheme for telecom equipment. The Cabinet has approved an incentive scheme
Fuelled by exports, leather units to turn the corner: CRISIL SME Tracker | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/fuelled-by-exports-leather-units-to-turn-the-corner-crisil-sme-tracker-121022300723_1.html Leather exports plummeted in the first quarter, following lockdowns and restrictions in importing nations. Leather exports plummeted in the first quarter following lockdowns
Indian pharma firms go local seeking to end reliance on China | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/indian-pharma-firms-go-local-seeking-to-end-reliance-on-china-954457.htmlRepresentative image. Credit: iStock Photo Indian drug companies are looking to local makers of so-called active pharmaceutical ingredients (API) or trying to make them
Hyderabad has potential to become $100-billion pharma hub by 2030: Telangana Industries Minister KT Rama Rao – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/hyderabad-has-potential-to-become-100-billion-pharma-hub-by-2030-telangana-industries-minister-kt-rama-rao/article33902931.ece ‘Life sciences sector attracted ₹3,700-crore investment in one year’ As a pharma and life sciences hub of the world, Hyderabad is poised to grow
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