Over 1,800 types of commodities, including copper, lead, zinc and cloth, are added to the category. Importers will have to deposit half of their payable levies (including import duty and VAT) at the customs when they import raw materials.
India hit out at China for its remarks that there was no consensus over the United States' proposal to ban Pathankot attack mastermind and Jaish-e-Mohammed is chief Masood Azhar at the United Nations
'In the case of an India-Pakistan confrontation, the Chinese may undertake more than just posturing, thereby constraining us from deploying adequate forces for decisive results,' warns Brigadier S K Chatterji (retd).
He said RSS men were planted in each ministry.
'Economy is leading the way as far as the relationship between the two countries is concerned'.
China is battling a property downturn, industrial overcapacity, sluggish demand and struggling exports.
President Pranab's four-day visit to China that saw him meeting the top Chinese leadership and discussing the sticky boundary issue and cooperation in combating terrorism besides the need for a predictable nuclear regime.
In a setback to NALCO and Hindustan Lever Ltd, a tax tribunal has quashed their plea challenging the government's decision to impose anti-dumping duty on imports of caustic soda.
'The events of 2020 have actually put our relationship under exceptional stress.' What External Affairs Minister Dr Subrahmanyam Jaishankar told the All India Conference of China Studies on Thursday, January 28, 2021.
Chinese Foreign Ministry spokesman Lu Kang told a media briefing in Beijing that the BRI is an economic cooperation project and it does not involve territorial disputes.
The much-delayed Foreign Trade Policy (FTP), which will roll out steps to boost exports, is expected to be unveiled soon.
China, the world's second largest auto market, will slash import taxes on cars and auto parts from July 1 to comply with Beijing's commitment to the World Trade Organisation.
'Pakistan is determined to garner the peace dividends.' 'On the diplomatic front, this will be, principally, in terms of a revival of Pakistan's relations with the US,' notes Ambassador M K Bhadrakumar.
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
The railway minister has steered clear of populist traps and refrained from making grandiose announcements in terms of new trains and new rail routes. He should now emulate China, and rope in Japan in boosting the rail network, says Rajeev Sharma.
'Pakistan has robust incentive to turn heat on LoC.'
China's foreign trade is expected to hit a record $1.1 trillion with an annual growth of about 30 per cent this year, ranking the nation as the world's third largest trader, the Chinese government said in Beijing on Friday.
'Nowhere amidst the efflorescence of 13 military bands, 16 marching contingents and 22 tableaux was there any hint that far from being a rich country of poor people, the closely guarded secret is that India is a poor country of extremely rich people,' notes Sunanda K Datta-Ray.
'Galbraith had a powerful ally in Washington -- not as blunt and direct as the ambassador -- but committed to see Krishna Menon go.' 'This was President Kennedy himself.'
India remains North Korea's 2nd-largest import source after China, according to several estimates by multilateral bodies, says Subhayan Chakraborty.
India's decision to skip the meeting came after a year of bilateral discord over China's stubborn opposition to India's entry into the Nuclear Suppliers' Group and a UN ban against Pakistan-based terrorist group Jaish-e-Mohammed leader Masood Azhar.
India and China met and spoke a lot this year, but failed to produce any meaningful results.
The ecosystems of India and China today jostle against one another across Asia and much of the world.
Govt may further hike excise on petrol, diesel before Budget.
Narendra Modi will turn 64, playing host to the visiting Chinese leader in Ahmedabad on Wednesday
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.
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
.jpg)
Prime Minister Narendra Modi arrived in Fortaleza on Monday to attend a summit meeting of the BRICS nations that will address regional crises and security threats to restore a climate of peace while advancing global economic stability.
German aid likely for Bengaluru-Chennai bullet train
However, the World Bank has projected India's GDP growth rate at 7.5 per cent for the next three financial years, including the current one.
'We are making a transition from governance to campaign mode.' 'The speed of execution is picking up,' says Union Minister Jayant Sinha.
Indian Railways has to up investment to strengthen network just like China and Russia.
For 2015-16, IMF pegged India's growth rate at 7.5 per cent.
'We could quibble with each other whether there were 25 terrorists killed or 250 killed.' 'The message is more that India undertook such an aerial attack and this attack has actually changed the paradigm.' 'The change in paradigm is that India has shown by the surgical strike in 2016 and the aerial strike of 2019 that we will not just sit back and tolerate terrorism which killed so many of our people.' 'We will hit back and by hitting back we will raise the costs of such activities.'
Modi emphasised that it was necessary to work together for sustained global economic recovery.
The government is likely to exempt iPhone and iPad maker Apple from mandatory local sourcing rule, a move which would pave the way for tech giant opening single-brand retail stores in the country.
The perpetrators of the 2008 Mumbai attack, who shot dead 166 people, had confessed to details that should have been enough to hang him, but Pakistan enjoyed his anti-India rhetoric and let him spread his tentacles. A revealing excerpt from Khaled Ahmed's Pakistan's Terror Conundrum.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
The Panama verdict will decide how Pakistan handles its leadership problems.
Four Gujarat ministers were handpicked by Prime Minister Narendra Modi to organise the reception for Chinese President Xi Jinping, right from the welcome at the airport to the menu for the dinner at the Sabarmati riverfront, reports Sheela Bhatt.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances