From 4.7 per cent in 2011 to 16.2 per cent in 2016, India’s share of total investments into the six-member Gulf Cooperation Council has raised, as per a research report. From 0.7 per cent in 2011 to 2.95 per cent in 2016, the Gulf Cooperation Council (GCC) investments into India also continued to rise, said […]
In 2017, world trade is expected to grow 3.6% buoyed by a revival import demand in Asia and North America, well above last year’s lacklustre growth of 1.3%. On Thursday, the World Trade Organization (WTO) upgraded the forecast for 2017 as from its earlier projection of 2.4%”trade rebounds strongly”. As intra-regional shipments picked up and […]
On tempered glass coming from China India has introduced an anti-dumping to safeguard the domestic industry from cheap below the cost imports. To protect smart phones and tablets, the tempered glass is mostly used. The new duty will range from $2.85/tonne to $136.21/tonne on tempered (coated) and uncoated glass. An investigation made by the Directorate […]
On the import of crude and refined vegetable oils, Indian Government has increased the levy. On late Friday night as an order on a government website, this information was displayed. The cheap supplies coming in from Malaysia and Indonesia, so to protect the oil seed producers; it is the move to increase the import taxes […]
On sugar, to raise the import duty from the present 40% to 60% the centre is currently considering in order prevent the domestic prices from falling and to control the cheap imports. Further, if the domestic prices of sugar fall, to pay the sugarcane farmers they will impact the sugar mill owners’ ability. In April, […]
On the impact Goods and Services Tax (GST) to talk about the country’s concerns, from Nepal, a high-level delegation is coming to India as due to GST there is fear of rising prices of imported goods in Nepal. From July 1st, GST has been implemented in India which is already impacted by the Nepal economy. […]
As per an ADB supplement report, there is strong consumer demand, it is expected that with South Asia leading the growth chart in Asia and the Pacific in the next year India is to achieve the projected growth rate of 7.4 percent in 2017 and further up 7.6 percent. As per the supplement of Asian […]
“Both will move on to become middle-income nations and would have attracted hundreds of millions of people out of poverty,” opines Gurcharan Das, referring to India and China. He famously chronicled the economic ascent of India through his best-selling books. It is famously known that in AD 1700, India and China jointly accounted for nearly […]
To take back the import duty The Federation of Indian Cashew Industry (FICI) has requested the government on cashew kernels and give them back the export incentives. This will till the time the country’s nut production matches the consumption. As a response to the government’s decision of charging high GST on cashew P Somarajan, FICI […]
The Export MoU between India and Korea has been approved by Indian Government. The Union Cabinet meeting has been chaired by the Indian Prime Minister Narendra Modi where between India and Korea the proposed Memorandum of Understanding was discussed and approved. Export credit worth 9 billion dollars has been laid out for offering in this […]
