India on Monday said it could consider imposing "some kind of safeguard duties' on Chinese imports to bridge the huge trade gap as it cannot be sustained in the long run.
The impact of Trump's announcement of increasing import tariffs will have negligible benefit for India not because of companies trying to shift from China to other countries or their supply chains being affected due to their Chinese operations but because of our faulty policies, explains Mudit Jain.
India should convert the Trump threat to an India opportunity, re-embracing a more liberal trade regime as a way of reviving manufacturing output and exports.
It is the season for submitting 'wish lists' to the finance minister. Let me make only one point today, which is to simplify the duty rate structure.
The Doha negotiations has been virtually stalled since July 2008.
The rupee has depreciated by 0.95 per cent in two days.
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.
The top 10 in terms of the number of MSMEs is dominated by the larger states with Uttar Pradesh at the top.
Now with 13-14 million-tonne capacity, Nirma will emerge as a serious player in India's cement landscape.
The move will primarily impact luxury car companies like Mercedes Benz, BMW, Audi and Volvo and bike brands like Triumph and Harley Davidson.
India has demanded resumption of export benefits to certain domestic products under GSP, and greater market access for its products from sectors like agriculture, automobile, auto components and engineering. On the other hand, the US wants greater market access for its farm and manufacturing products, dairy items and medical devices, data localisation, and import duties cut on some ICT products.
Even as the industrial cycle has ground to a halt during the 21-day lockdown, the industry has been hit hard by foreign orders from major clients in the US and Europe being cancelled. Also, a sudden lack of labour has crippled the sector because of a mass exodus of workers from industrial units to the hinterland.
The country imported 9.31 million tonnes (mt) of steel in FY15.
When Japan's Yokohama Rubber announced the acquisition of Alliance Tire a few days back, it was the end of the long and successful road.
European Union steel prices hit their lowest since 2004
Urban markets account for the major share of total revenues.
The BSE Midcap also cut all its intraday gains to shed 0.3% at close
As imports reduced, Eveready clocked significant volume growth in batteries.
A proposal for creation of seven Customs Overseas Intelligence Network units is pending with the Ministry of External Affairs.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.
Higher import duties on steel improve the bottom lines of steel-makers, but depress those of downstream users of steel.
'We will be voting keeping in mind the brunt we bore because of demonetisation and high GST rate'
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
BSE Midcap and BSE Smallcap outperformed the frontline indices to gain 0.2% and 0.3%
Dr Ashwani Mahajan, all India co-convenor of the Swadesh Jaagran Manch and an associate professor at the Delhi University, discusses the state of the Indian economy in an interview with Rediff.com's Shobha Warrier.
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
Domestic tyre demand is seen to grow by 7-9 per cent over the next five years.
The new Budget would do well to fill up the gaps and pave a strong way forward to ensure that the optimism surrounding it is not short-lived.
Chinese manufacturers are re-routing their products through the markets of other countries that India has Free Trade Agreements with.
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.
'China has reclaimed, after two years, its mantle as the world's fastest-growing large economy.' 'This, when its working age population is shrinking, while ours is growing.' 'And talking of jobs, China expects to create 11 million urban jobs this year; for India, don't ask,' says T N Ninan.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
'Willing to spend is different from when to spend and how much to spend'
India's $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers fall by the wayside, no longer protected by government restrictions on the sector.
India said on Tuesday it was investigating US policies supporting solar panel makers, the latest move in an escalating row over renewable energy that has worsened already strained ties between the two countries.
The ED has received documents from almost all banks that lent money to KFA.
'Have you met anyone who said "I will not boycott Chinese products"?'
