The India Electronics & Semiconductor Association (IESA) and the India SME Forum have supported the continuation of prohibition of customs duties on electronic transmissions at the WTO. They argue that it is important for supply chain resilience post Covid.
Electronic transmission: Two industry bodies want ‘no customs duty’ to stay
During the visit, Prime Minister Modi will inaugurate the BAPS Mandir, marking the first Hindu temple in Abu Dhabi. The UAE is an important partner for India, with a Comprehensive Strategic Partnership, significant bilateral trade, and foreign direct investments.
Increase in international prices of palm oil and the upcoming harvest of mustard crop are some of the other reasons that led to cut in the country’s cooking oil imports. According to SEA, import of cooking oil in January 2024–reported at little more than 12 lakh tonnes–is down by 28% compared with January 2023.
According to the Solvent Extractors Association of India (SEA), about 7,82,983 tonnes of palm oil and 4,08,938 tonnes of soft oil were imported in January this year out of total vegetables oils.
Adani Ports and Special Economic Zone Ltd (APSEZ) has been ranked first in four global rating agencies for its climate actions and environmental performance. The company secured a ‘leadership band’ in CDP Climate Assessment 2023, first in the environmental dimension by S&P Global CSA 2023, and top rank in the marine ports sector by Sustainalytics.
ET GBS 2024: Choking! Carbon clubs spell hazy future for developing countries, says former WTO DG Azevedo
2 years ago
Robert Johnson from the Institute for New Economic Thinking (INET) emphasizes the need for nations to think globally and protect all humans affected by carbon burning. He suggests that low-wage labor may not be the solution for development and discusses the anxiety in Europe regarding migration from Africa and the Middle East.
Duty concession on gold will be major concern for India under proposed FTA with Peru: GTRI
2 years ago
India and Peru are negotiating a free trade agreement to promote bilateral trade and investments between the two countries. The Global Trade Research Initiative (GTRI) has highlighted the challenge of duty concessions on gold, which accounts for 80% of India’s imports from Peru. Gold, a high-value product with low volume, attracts a 10% basic customs […]
India introduces SOPs for approving new ports to ensure controlled growth in maritime sector
2 years ago
India is drafting stringent standard operating protocols (SOPs) for the approval of new ports, aiming to regulate the growth of the maritime sector. The emphasis will be on fully utilizing the capacity of existing ports before approving new ones. These SOPs aim to ensure structured growth of Indian ports and safeguard investments made in setting […]
ET Now GBS 2024: India bright FDI spot on global map despite rates soaring worldwide, says Piyush Goyal
2 years ago
Uttar Pradesh has transformed from a BIMARU state to a most-favoured state through honest governance. The fight against corruption has seen notable successes in states like Telangana and Andhra Pradesh. The government aims to build an inclusive society and empower the less privileged.
Disruptions in Red Sea route likely to raise freight and forwarding cost by 25-30 pc: Report
2 years ago
Working capital cycle refers to the period between payments made to suppliers and revenue received from sales. The report also said that pressures on cash flow, although moderate for large entities, will further increase borrowings, especially for sectors such as iron and steel, auto and auto ancillaries, chemicals and textiles, which have seen a year-on-year […]