Tariff, non-tariff measures to protect India’s interests: Piyush Goyal

Commerce and industry minister Piyush Goyal informed Lok Sabha on Monday that the government has implemented several measures including tariff and non-tariff measures to safeguard the interest of the country’s private and public sector firms and to enable them to sell their products in global markets at competitive prices. “Tariff and non-tariff measures have been.

Read More

Government to sell shares in Mazagon Dock in October

The Central government will hold an Initial public offering for shares in India’s biggest warship builder — Mazagon Dock Shipbuilders Ltd — next month, buoyed by a recent government announcement restricting import of 101 weapons and military platforms by 2024 to boost defence production locally as part of the Make in India policy, government officials.

Read More

Stringent checks for imports under FTA from September 21

In what will further curb misuse of Free Trade Agreements by China or Asean nations like Thailand, Vietnam, Malaysia and Indonesia, the government will closely monitor Rules of Origin norms for imports of goods like mobile, white goods, set-top box, agarbatti, camera and other electronic products from September 21st. The customs department will ensure that.

Read More

India received $20 billion in FDI during COVID-19 pandemic: Harsh Shringla

India has received over USD 20 billion in FDI amid the coronavirus pandemic, Foreign Secretary Harsh Vardhan Shringla said on Tuesday, showcasing the country as one of the most attractive destinations for investment globally. In a virtual address at a CII event in the UK, the foreign secretary highlighted various structural reforms undertaken by India.

Read More

Govt considering series of measures to boost economy

The government is considering a series of measures to boost the economy, including offering up to Rs 3 lakh crore in incentives spread over six years to create global supply chains in some sectors, tariff protection to key industries, further relaxation in foreign investment rules, and schemes aimed at the urban unemployed, four people familiar.

Read More

Centre working on identifying key sectors for RoDTEP scheme

The Central government is looking to identify key sectors for priority implementation of the new Remission of Duties or Taxes on Export Product (RoDTEP) scheme. The scheme aims at refunding exporters indirect taxes paid on inputs, and will also replace the popular Merchandise Export from India Scheme (MEIS) that is incompatible with the World Trade.

Read More

Modi calls for ‘trustworthy’ supply chains, in alternative to China

Indian Prime Minister Narendra Modi on Thursday proposed reshaping global supply chains based on trust and stability, and not just cost benefits, as the country eyes new logistics networks that are less dependent on China. His comments came the same day that Japan expanded a subsidy program that helps Japanese companies move out of China, by including new.

Read More

Cabinet approves MoU between India, Japan for cooperation in technical textiles

The Union Cabinet on Wednesday approved the signing of a Memorandum of Understanding (MoU) between India’s Textiles Committee and Nissenken Quality Evaluation Centre, Japan to improve quality and testing of Indian textiles and clothing for the Japanese market. “The MoU would enable Nissenken Quality Evaluation Centre, Japan in assigning Textile Committee as their cooperative Testing.

Read More

Govt gives green signal to 27 cold-chain projects

The Inter-Ministerial Approval Committee (IMAC) chaired by Union Food Processing Minister Harsimrat Kaur Badal has approved 27 new projects under the scheme for integrated cold chain and value addition infrastructure of Pradhan Mantri Kisan SAMPADA Yojana (PMKSY). These 27 new integrated cold chain projects worth ₹743 crore will be set up for creation of cold chain.

Read More