The United States has announced a preliminary countervailing duty of 125.87 per cent on imports of certain Indian solar goods, alleging unfair subsidisation. This move could impact India's renewable energy sector and its efforts to boost domestic solar manufacturing.
Seafood is one of India's largest agricultural exports after basmati rice and buffalo meat.
Trump's tariffs, falling shrimp prices, and fears of additional US levies, spark a crisis in Andhra Pradesh's politically vital aquaculture sector.
An analysis of over 2,000 patient samples from Delhi-NCR by Dr Dangs Lab revealed that 15 per cent of patients with an HbA1c score above 6.5 per cent exhibited elevated levels of NT-proBNP, a crucial biomarker for early heart failure detection. A study by Joshi of 1,054 patients in Mumbai found that 34 per cent of Type 2 Diabetes Mellitus (T2DM) patients are at increased risk of cardiovascular complications.
Four per cent countervailing customs duty on components for mobile phone manufacturing exempted.
The Centre currently charges 8 per cent CVD on the import of e-bike components. For making e-bikes, firms import motor, battery, and other electronic and mechanical parts from China and Taiwan. Over 55 per cent of components are imported. Also, in order to encourage the use of environment friendly vehicles, the government should provide at least 30 per cent subsidy on the purchase of bike under the New and Renewable energy policy.
Prime Minister Narendra Modi, who is in the United States for a three-day state visit, has gifted an eco-friendly lab-grown 7.5 carat diamond, placed in Kashmir's exquisite Papier mache box, to First Lady Jill Biden.
According to respective company sources, Biological E is holding 200 million doses of its COVID-19 vaccine Corbevax while Bharat Biotech is sitting on a stockpile of 50 million doses of Covaxin.
In part four of a series, Arbind Modi & Arvind Subramanian explain how scrapping the exemptions for the countervailing duty will eliminate the negative protection facing Indian manufacturers
Meghalaya Chief Minister Conrad Sangma on Thursday said Union Home Minister Amit Shah has given firm assurances at a meeting held in Delhi of acting on his request for a Central Bureau of Investigation (CBI) probe into the 'firing by Assam Police' along the states' border.
The government on Tuesday announced revoking of anti-dumping duties on certain steel products imported from countries including China, a move aimed at containing high prices of metals and promoting domestic manufacturing.
The secret to a healthy heart lies in living a stress-free, well-balanced lifestyle combined with regular physical activity and a good night's sleep, suggests cardiologist Dr Talha Meeran.
Biological E Limited plans to complete production at a rate of 75 million doses of its COVID-19 vaccine Corbevax per month, anticipating over 100 million doses per month from February 2022 which will enable the Hyderabad-based company to deliver 300 Million doses as promised to the Centre, BE said on Tuesday.
Multinational firms, which import country-specific packs of medicines from their parent companies.The reason is that the medicines reaching Indian arms of multinational pharma majors now are the consignments for which orders were placed during December 2007, two months before the government cut CVD from 16 per cent to 8 per cent (on February 29). overseas, say they will not be able to cut prices of medicines till June.
Eating walnuts may help lower blood pressure in people who are at risk for cardiovascular disease.
India could prevent over nine million deaths due to cardiovascular disease over the next decade if it implements smoking bans and levy higher tobacco taxes, a new study has found.
Government should provide a level playing field to domestic manufacturers by making customs duty @ 10 per cent, CVD @ NIL and SAD @ 4 per cent on all categories of power projects including power generation, transmission and distribution projects in line with other infrastructure projects like roads, airports, ports, railways, transport terminals, bridges, tunnels and dams.
'Financial independence will help unlock the full potential of these businesses.'
Eating red meat regularly may increase the risk of all-cause mortality and death from cardiovascular disease and cancer, a new study has found.
Basic Customs Duty is being reduced to 2.5 per cent for the equipments required for setting up or substantial expansion of iron ore pellet plants & iron ore beneficiation plants.
Given the oversupply and weak domestic demand, the paper and paperboard players will be unable to pass on the entire increase in duties, and will see a further drop in their EBITDA margins.
Mobile handsets could be marginally cheaper with the Finance Minister today announcing tax exemptions for chargers, batteries and accessories.
Excise duty on formulations has increased from 4 per cent to 5 per cent.
The industry expects 0% duty on all types of fuels, low duty rate of 2% on basic building blocks like benzene, toluene, xylene, naphthalene etc.; moderate duty rate on Intermediates of 5% and high duty rate on finished products of 7.5%.
Exemption of custom duty on coal would help Chlor Alkali companies to lower their power cost wherever they have captive power generation based on coal.
Clogged arteries in different parts of the body can lead to multiple medical conditions, but you'll be amazed to know that just as there are foods that clog them up, there are a few that will clean them as well.
The Finance Minister has withdrawn excise exemption on 130 items and a nominal central excise duty of 1 per cent is being levied on these 130 items that are mainly in nature of consumer goods.
The budget proposes to increase the MAT rate from 15% to 18% while the surcharge for corporate has been reduced to 7.5% from 10%
A uniform concessional basic duty of 5 per cent, CVD of 4 per cent with full exemption from special additional duty on all medial equipment are proposed doing away with a very complex import duty regime.
Here's what India Inc expects from the Finance Minister.
The exemption of the value of right to use packaged software would be beneficial to the gaming industry.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
Duty changes in the Budget make refining unviable.
The goods and services tax will level the playing field for different sectors of industry, including domestic manufacturing.
Stocks to watch: BHEL, L&T, IRB Infra and Suzlon
Union budget was mildly for cable broadcasting industry and DTH.
Stocks to watch: Videocon, Blue Star, Hitachi, MIRC Electronics, BPL, Whirlpool, Gitanjali, Titan Group
The govt has hiked customs duty for metallurgical coke.
The GST has been a great achievement, but it does suffer from weaknesses, says Chief Economic Adviser Arvind Subramanian.
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