Here is a list of items set to become cheaper and costlier.
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
Mobile phones and TV sets manufactured in India would become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in Basic Customs Duty (BCD) on import of their components but smokers would have to pay more as the government has increased taxes.
The Chinese dependence is far from over, industry players are also citing a shortage of electronic toys in the country.
The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industry to enhance India's manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday. The PLI scheme will incentivize the emergence of advanced automotive technologies' global supply chain in India.
Besides, the company will also start assembling the SUV in two South East Asian countries -- Thailand and Indonesia.
CBEC alleges that the company imported semi-knocked down cars but paid duty for completely-knocked down car units.
Verma, a Kurmi who recently formed the Samajwadi Kranti Dal (SKD) after breaking away from Yadav, has fielded candidates in almost all seats in the area and appears set to corner a large chunk of votes from his community.
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
Oppo's FDI application approved for single-brand retail trading
Trends like bundled offers and 4G-LTE feature phones could become mainstream in 2018
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances