Companies Industries Market

More regulations for Indian Importers from duty concession under Free trade agreements Countries

Beginning Monday 21 September 2020 , importers need to furnish proof of 35 per cent value addition in goods from the country of origin to claim duty concession under free trade agreements (FTAs).   According to the officials, just a certificate by the exporter would not suffice. It will be the importer’s responsibility to ensure Read More…

Industries Jobs Market

Q1 2020 : Exports fall drastically by 25.42% says Union Minister Piyush

India’s overall export (merchandise plus services) has declined by 25.42% during the period April-June, 2020 as compared to the corresponding period of the previous year, the ministry of commerce and industry said in a statement on Wednesday.   “The quick estimate of the Index of Industrial Production (IIP), released by the Ministry of Statistics and Read More…

Accidents Industries Market South India

Chennai sitting with 700 MT massive explosion material Ammonium nitrate for 5 years

2020 world worst accident the massive explosion in Lebanese capital Beirut on Tuesday was caused by negligence over the storage of 2,750 tonnes highly explosive material   Now Chennai warehouse storing over nearly one fourth that is 700 tonnes of ammonium nitrate lying in a Chennai warehouse concerns have been raised loud   It is Read More…

Agriculture China Indian Subcontinent Industries Market

Clearance of China goods at Ports : Nitin Gadkari caught between devil and deep sea

Amid concerns over delays in customs clearance for imports from China, transport and MSME minister Nitin Gadkari has written to the finance and commerce ministers, urging them to remove roadblocks to the quick release of goods at ports, arguing that these shipments have reached Indian shores based on payment made by industry players.   Totally Read More…

Companies Environment Industries Legal Nature

NGT ordered stop of imports of e-waste for Major tech companies

The Central Pollution Control Board (CPCB) has suspended the firms’ eligibility to import, called the extended producer responsibility (EPR) authorisation for several products from April 4.   EPR mandates that the company manages the equipment after its end of life. This is the first time the CPCB has issued suspension orders to any company on Read More…

Asia Business Industries Market

Govt extends ban on import of milk products from China

Indian government has further extended the ban on import of milk and its products, including chocolates, from China for four months till April 23 next year, according to a notification of the commerce ministry issued Monday.   “Prohibition on import of milk, milk products (including chocolates, chocolate products, candies, confectionary food preparations with milk or Read More…

Business Companies Industries Market

Exports rise but trade deficit widens to $17 billion cause alarm

Exports bounced back in October after a contraction in September, as engineering goods, pharmaceutical and chemical shipments picked up pace.  However, this didn’t prevent trade deficit from widening, as crude oil bill continued to shoot up. Outbound trade rose by 17.86 per cent in October to $26.98 billion. In September, exports had declined for the Read More…

Business

Rupees touched historic low 70.32 and India trade deficit widen to 18 billion US$

The Indian rupee dropped to a historic record low in opening deals on Thursday with investor sentiment affected by a widening trade deficit on the domestic front and the broad rise in the US dollar versus other Asian peers. The partially convertible rupee was trading at 70.25/26 per dollar, at 0343 GMT, versus its Tuesday’s Read More…