India is undertaking a significant exercise to identify gaps in its manufacturing sector. The government is mapping commonly procured goods to understand import reliance. This initiative aims to boost local production and reduce dependence on foreign supplies. A consolidated procurement plan for these items will be developed.
India is conducting exercise for mapping import reliance
The government has clarified that reduced rates and value caps under the RoDTEP scheme do not apply to agricultural and processed food exports. This clarification follows a recent decision to halve duty benefits for exporters. The Directorate General of Foreign Trade issued a notification stating Chapters 1 to 24 of the ITC HS code are […]
WTO establishes penal on India-China dispute on PLI
2 months ago
The World Trade Organisation has agreed to form a dispute panel. China filed a case against India concerning its automotive and renewable energy policies. Beijing claims India’s incentive schemes discriminate against foreign businesses. India maintains its measures comply with WTO rules. This development follows earlier consultations between the two nations. The US also commented on […]
The WTO’s dispute settlement body has established a panel to examine China’s complaint against India’s automotive and renewable energy sector policies. Beijing alleges that India’s Production Linked Incentive (PLI) schemes discriminate against Chinese goods, violating global trade rules. Bilateral consultations failed to resolve the dispute, prompting China’s second request for a panel.
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Kerala inks MoUs with central PSUs for Rs 2,000 cr Vizhinjam International Seaport project
2 months ago
Kerala is set to transform its maritime sector with a Rs 2,000 crore logistics master plan at Vizhinjam International Seaport. The state government has signed agreements with Indian Oil Corporation, Container Corporation of India, and Central Warehousing Corporation. This initiative will establish bunkering facilities, rail-linked infrastructure, and a multimodal logistics park.
India is actively pursuing stronger economic ties with Canada and the United Kingdom. Discussions are underway for comprehensive economic partnership agreements. These agreements aim to significantly boost bilateral trade and investment. Regular engagements are planned to build sustained momentum in these crucial partnerships. New avenues for collaboration are expected to unfold, benefiting both nations.
Kazakhstan to supply fresh uranium to India under new deal to fuel nuclear power plants
2 months ago
Kazakhstan, a major uranium producer, will supply a significant amount of uranium to India. This new contract will fuel India’s nuclear power plants. The agreement follows recent discussions between Kazakhstan’s Kazatomprom and India’s Department of Atomic Energy. India and Kazakhstan have a history of uranium supply deals. This development strengthens energy cooperation between the two […]
The US administration is preparing new national security investigations that could allow President Donald Trump to impose fresh tariffs after the Supreme Court struck down his country-specific emergency levies last week.
India and France have updated their tax treaty. This revision strengthens tax collection at the source. It also changes rules for dividends and business presence. Capital gains from share sales will now be taxed where the company is based. This aims to boost investment and economic ties between the two nations.