Subhayan Chakraborty

All stories by Subhayan Chakraborty

12 urgent ways to decriminalise business offences

12 urgent ways to decriminalise business offences

Rediff.com10 Feb 2020

Covering 37 different legislations such as the Partnership Act of 1932, Insolvency and Bankruptcy Code, and laws on environmental protection, consumer protection and labour interests, the recommendations have been shared with Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman.

How govt plans to tighten the screws on imports

How govt plans to tighten the screws on imports

Rediff.com3 Feb 2020

A string of measures includes specific provisions in rules governing anti-dumping, safeguards, and basic Customs duties.

Exporters want Budget to address slow tax refunds

Exporters want Budget to address slow tax refunds

Rediff.com25 Jan 2020

With exporters' claim for over five months still pending, liquidity has been wiped out and the process of finalising new contracts has been held up.

Asean bloc invites India for RCEP dialogue in Bali next month

Asean bloc invites India for RCEP dialogue in Bali next month

Rediff.com22 Jan 2020

The Asean secretariat hopes the meet may be able to iron out existing wrinkles raised by India. Since there had been no significant progress on the matter over the past two years on most issues, New Delhi is yet to decide on the invite.

Modi's 5-year vision: What's it all about

Modi's 5-year vision: What's it all about

Rediff.com13 Jan 2020

Spurring the economy, currently in the throes of a slowdown, remains the prime focus for most ministries, but the government is also looking to make women's welfare and environmental protection key to policymaking in this term.

Growth finally back in services sector; PMI stood at 52.7

Growth finally back in services sector; PMI stood at 52.7

Rediff.com5 Dec 2019

While manufacturing firms cut jobs for the first time in 20 months to sharply reduce costs, services providers continued their hiring spree.

Piyush Goyal's agenda in US

Piyush Goyal's agenda in US

Rediff.com14 Nov 2019

Among the major ones are fewer restrictions on market access for US medical device manufacturers, as well as access for other key products.

Will Piyush Goyal manage to clinch a trade deal with US

Will Piyush Goyal manage to clinch a trade deal with US

Rediff.com11 Nov 2019

The high point of the trip will be Goyal's meeting with US Trade Representative Robert Lighthizer on November 13, which is expected to see the USTR push India towards lower import duties in a broad range of areas.

Is GeM a threat to Flipkart and Amazon?

Is GeM a threat to Flipkart and Amazon?

Rediff.com8 Nov 2019

Initially, private buyers will be able to make bulk purchases on Government e-marketplace, it will subsequently be broadened to small-ticket buying as well.

India holds out at final RCEP talks, all eyes on Modi

India holds out at final RCEP talks, all eyes on Modi

Rediff.com3 Nov 2019

The agenda prepared by ministers will be discussed by Prime Minister Narendra Modi and other RCEP leaders in Nonthaburi, a city north of Bangkok, on November 4, the official deadline to close talks.

RCEP can be particularly beneficial for India, says report

RCEP can be particularly beneficial for India, says report

Rediff.com31 Oct 2019

The report by the High Level Advisory Group said India stands to benefit even more when the US and China are locked in a global trade war.

Sops to exporters under MEIS may be extended till March 31

Sops to exporters under MEIS may be extended till March 31

Rediff.com22 Oct 2019

Introduced in 2015 under the Foreign Trade Policy, the mega MEIS was created out of a merger of five existing reward schemes.

Who is benefitting from India's Free Trade Agreements?

Who is benefitting from India's Free Trade Agreements?

Rediff.com30 Sep 2019

Among the current FTAs with significant trade deficits for India, five are with countries from the 10-nation Asean bloc. Exports to the 10 economies stood at $ 37.4 billion in 2018-19, up by 9% year on year. On the other hand, imports were higher at $ 59.31 billion, up by 25% from the previous year's $ 47.13 billion.

Indo-US trade deal caught in ICT web

Indo-US trade deal caught in ICT web

Rediff.com26 Sep 2019

ICT products make up a minuscule $ 407 million, out of the $ 35.54 billion of total inbound shipments from the US, as of now.

Nitin Gadkari's mega plan for small biz

Nitin Gadkari's mega plan for small biz

Rediff.com3 Sep 2019

The plan includes step-wise expansion of a crucial credit guarantee net, establishment of an unprecedented number of functional clusters and increased government procurement from MSMEs.

Flipkart 'beaten' by govt e-commerce platform

Flipkart 'beaten' by govt e-commerce platform

Rediff.com5 Aug 2019

Three years and Rs 28,710 crore worth of transactions later, it has more than double the number of sellers than Flipkart.

Exports fall in June, 2nd time in one year

Exports fall in June, 2nd time in one year

Rediff.com16 Jul 2019

According to data released by the commerce and industry ministry, exports stood at $25.01 billion in the month. The fall is only the second time exports contracted in the past year.

UAE urges India to revise air services pact

UAE urges India to revise air services pact

Rediff.com25 Jun 2019

Emirates and Etihad Airways have over the past year continued to lobby India to allow them more flight slots, which won't be possible until the 2007 pact is revised.

India hits back at Uncle Sam with tariff hikes

India hits back at Uncle Sam with tariff hikes

Rediff.com15 Jun 2019

The commerce department has said that earnings through the new tax will equal the losses faced by Indian industry after the US tariffs on steel and aluminium.

India likely to be among top 20 global FDI sources by 2021

India likely to be among top 20 global FDI sources by 2021

Rediff.com14 Jun 2019

While the UN report said that FDI inflows rose 6 per cent in 2018 to $ 42 billion, the government's own data for the entire FY19 period has shown that inbound equity investments declined for the first time in six years in FY19.

Goyal focuses on exports, industry growth

Goyal focuses on exports, industry growth

Rediff.com8 Jun 2019

Work on a dozen decisions to start by next week.

India's 2nd-largest job provider is today gasping for growth

India's 2nd-largest job provider is today gasping for growth

Rediff.com7 Jun 2019

Particularly hit has been the apparel sector, where the time taken by the industry to adjust to the Goods and Services Tax regime, downward revision of export incentives, and a credit squeeze faced by small and medium scale enterprises, has pushed production downwards.

Piyush Goyal's agenda at Japan G20 meet

Piyush Goyal's agenda at Japan G20 meet

Rediff.com6 Jun 2019

The meet will see Goyal batting for structural reforms at the WTO, where India has repeatedly called for reforms, especially in the dispute resolution mechanism that has effectively been held hostage by the US.

America Inc still finds India a difficult market to crack

America Inc still finds India a difficult market to crack

Rediff.com20 May 2019

Though the US has got together a number of vetted and potential Indian business partners, most of these companies say they haven't had much luck in stitching up deals to tap into India as an export market for their goods.

Why reopening LoC trade routes remain a pipedream for Kashmir traders

Why reopening LoC trade routes remain a pipedream for Kashmir traders

Rediff.com26 Apr 2019

The chances of the posts opening remain slim, with security agencies recently identifying 10 suspects who smuggled in weapons, narcotics and fake currency.

Why exports keep missing ministry target

Why exports keep missing ministry target

Rediff.com24 Apr 2019

A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.

Backroom efforts on to resolve India-US trade tiff

Backroom efforts on to resolve India-US trade tiff

Rediff.com24 Mar 2019

Keen to salvage its engagement with Washington DC that has gone southbound ever since the Trump administration came in, India has called for a final set of meetings with US trade officials, soon, reports Subhayan Chakraborty.

Why India is not in favour of the global e-commerce draft

Why India is not in favour of the global e-commerce draft

Rediff.com25 Feb 2019

The government believes that WTO's push for initiating negotiations on substantive obligations related to e-commerce will oblige India to permanently accept the current moratorium on imposing customs duties on products traded electronically.

After revoking MFN status, India mulls suspending trade with Pak

After revoking MFN status, India mulls suspending trade with Pak

Rediff.com16 Feb 2019

While India does not figure in the top 10 export destinations for Pakistani goods, it serves as a crucial channel for select goods such as leather hides and cheaper variants of fertilisers that are generally procured by importers at short notice.

Services PMI slips second month in a row

Services PMI slips second month in a row

Rediff.com6 Feb 2019

On the other hand, jobs increased for the 10th straight month in the manufacturing sector, albeit only slightly

The many loopholes of pension scheme for unorganised sector workers

The many loopholes of pension scheme for unorganised sector workers

Rediff.com2 Feb 2019

According to official statistics, half of India's GDP comes from as many as 420 million workers in the unorganised sector including street vendors, rickshaw pullers, construction workers, rag pickers, agricultural workers, among others. This massive workforce remains outside the purview of the formal banking and insurance industries.

Govt arms DIPP with more power

Govt arms DIPP with more power

Rediff.com31 Jan 2019

In its new avatar as the Department for Promotion of Industry and Internal Trade (DPIIT), it will directly be responsible for 'the welfare of traders and their employees'.

Soon, Chinese smokers will puff on Indian tobacco

Soon, Chinese smokers will puff on Indian tobacco

Rediff.com29 Jan 2019

The revival of the phytosanitary protocol with China is expected to boost tobacco exports to China and prove economically beneficial to Indian farmers.

How govt plans to cut down food wastage

How govt plans to cut down food wastage

Rediff.com16 Jan 2019

Centre has already started work on developing a mechanism to ensure states producing any item in excess is able to transport it to other states where there is demand

After China setback, Apple is keen to woo Indian govt

After China setback, Apple is keen to woo Indian govt

Rediff.com7 Jan 2019

Commerce and Industry Minister Suresh Prabhu is slated to meet senior executives of Apple on the sidelines of the World Economic Forum in Davos later this month.

Manufacturing PMI at 11-month high of 54 in Nov

Manufacturing PMI at 11-month high of 54 in Nov

Rediff.com4 Dec 2018

The expansion in total new orders was supported by greater sales to international markets

At G20 meet, PM will sell India as a hot investment destination

At G20 meet, PM will sell India as a hot investment destination

Rediff.com29 Nov 2018

The G20 chair has suggested three areas for the talks in Argentina - the future of work, infrastructure for development and a sustainable food future, areas where India has a lot at stake.

Modi bracing for tough RCEP meet in Singapore

Modi bracing for tough RCEP meet in Singapore

Rediff.com12 Nov 2018

Modi will have limited choice other than stressing upon a request for more time to decide on tariff rates, especially with elections in 2019.

Ease of Doing Business: How REAL is India's ranking?

Ease of Doing Business: How REAL is India's ranking?

Rediff.com9 Nov 2018

For the second year in a row, India has been recognised as the fifth-best performing nation in reforming the business environment. However, in the two categories that the government was banking on most - "Paying Taxes" and "Resolving Insolvency" - landmark reforms that were expected to yield better results have had the opposite effect. Under the circumstances should the country celebrate already or are there any reasons for worry, wonders Subhayan Chakraborty.

FDI from China drops to $141 million in 4 years

FDI from China drops to $141 million in 4 years

Rediff.com25 Oct 2018

Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures

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