According to a notice of the Directorate General of Trade Remedies (DGTR), where the industry is fragmented and consists of an excessively large number of domestic producers, the application for antidumping or countervailing duty investigation can be filed by an association on behalf of the domestic industry.
So, the backing of global finance provides no assurance whatsoever that all the unicorns will succeed. On the contrary, the financiers believe the vast majority will fail. But they have spread their risks by buying into hundreds of such companies, so they can survive the sinking of many ventures.
"Globalisation has tripled Indian GDP in a generation, an amazing accomplishment, ..but the workers of India have been left out," Maskin, a professor of Economics and Mathematics at Harvard University, said.
AEOs are importers or exporters involved in international movement of goods that opt for the AEO certification programme. The certification is internationally recognised and gives such companies benefit of reduced time of clearance, lower costs and minimal disruption in cargo flow through customs, as they're considered secure and reliable trading partners.
"India and the US are working towards peace and stability across the world," he said addressing the '2nd Indo-US Services Summit', organised by Indo American Chamber of Commerce (IACC).
“Our half a trillion bar is not far away. I am sure you will achieve it… A trillion dollars is possible, it is doable and now is the time you plan for that,” Goyal said.
Speaking at the webinar of the Trade Promotion Council of India (TPCI) on 'India- UK Free Trade Agreement-linking markets with deepening of the ties', NITI Aayog Adviser (Industry-I) Ishtiyaque Ahmed said India can explore an FTA with the UK and it should try and leverage this agreement to grow and diversify its exports and attract investment.
As of now, Narendra Singh Tomar said, the federated farmers' database is being built by taking the publicly available data as existing in the Department of Agriculture and in various data silos in government and linking them with the digitised land records.
India’s Aatma Nirbhar Mission can be integrated with the Global Economy mentioned Pranay Verma, Ambassador, Embassy of India, Vietnam in a webinar organized by PHD Chamber of Commerce and Industry (PHDCCI) on Global Trade and Investment Opportunities for Indian Industry in Vietnam.
As per preliminary information, 290 roads were closed for traffic during the rain fury and movement of vehicles was affected on 469 motorways, the minister said. As many as 140 bridges were also damaged, he said. Chavan said he has spoken to Union Transport Minister Nitin Gadkari about the damage caused to road infrastructure in the state.
The core sector had grown 16.3% in May, 60.9% in April and 12.6% in March. It had contracted 12.4% in June last year as lockdown restrictions imposed to control the spread of the Covid-19 pandemic hit economic activity.
Within personal loans while credit to the housing sector grew by 9.7%, gold loans grew by 81.6%, vehicle loans rose 11% while credit card outstanding grew by 5.3% over a year ago period. Though consumer durable loans contracted by 19.8% and advances against shares and bonds nosedived and degrew by more than 23%.
According to the statement, food inflation stood at 5.61 per cent against 5.26 per cent in May 2021 and 5.49 per cent in June 2020.
In the reporting week, the drop in the reserves was mainly due to a fall in foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
“Loans are sanctioned by the banks in the name of SHGs. Distribution of loan to individual SHG members is done by the SHG, which is used by them for various activities,” the minister said in response to a question in Rajya Sabha.
The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 12.4 per cent in June 2020 due to the lockdown restrictions imposed to control the spread of coronavirus infections.
Net tax receipts in the first three months to end-June rose to 4.13 trillion rupees ($55.51 billion), from 1.35 trillion rupees during the same period in the previous fiscal year, while government spending marginally rose to 8.21 billion rupees, from 8.16 trillion rupees, the data showed.
It said the second amendment expands the scope of capacity building activities undertaken jointly by India and the US and also provides for a consultative mechanism for biannual monitoring and review of activities undertaken under the SGP.
“The new e-Commerce policy seeks to address such non-compliance,” minister of state for commerce and industry Som Parkash told Rajya Sabha, adding that traders, retailers and industry associations have made complaints that have been forwarded to relevant government agencies for necessary examination and investigation.
Income tax refunds of Rs 13,341 crore have been issued in 19,89,912 cases & corporate tax refunds of Rs 30,651 crore have been issued in 1,12,567 cases," the I-T department tweeted.
"High tariffs faced by Indian exporters in key markets such as the EU and the UK as compared to zero duty access given to competing nations like Bangladesh and Cambodia are affecting India's exports performance," Darshana Jardosh said in a written reply to the Lok Sabha.
The amendment to GIBNA was approved by the Union Cabinet on Wednesday, the sources said, adding the Bill seeks to enable greater private participation in the public sector insurance companies.
The portal has been launched on June 7 with the new domain name www.incometax.gov.in, but it hit rough weather as a number of its functionalities did not function properly.
Villages in Ferozepur and Fazilka face issues of high turbidity, whereas villages in Rupnagar and Hoshiarpur have a challenge of seasonal water shortage.
Earlier, it was widely contended that market power in technology markets is rare and fleeting. However, it has now been noted that market dominance in these markets is not fragile but durable, he said.
“A glance at the FY21 data suggests that some of the major export destinations for India’s top 10 major commodities are also the regions which are expected to witness strong import growth in 2021,” the ratings agency said.
“Further, Tata Steel Long Products Limited and Jindal Steel and Power Limited have supported the application,” the Directorate General of Trade Remedies (DGTR) said in a notification.
Nasscom members like Cigniti, Firstsource, HCL, Hexaware, Infosys, L&T, Mastek, Tech Mahindra, Wipro, WNS, Zensar and others also participated in the two-day virtual programme.
State agency Cotton Corporation of India (CCI) increased cotton prices by Rs 100/candy on Tuesday and again by same amount on Wednesday. In all, it has increased the cotton prices by Rs 2500/candy since June 15.
In India, growth has already undergone several downgrades as the new fiscal year started on a tumultuous note with the vicious return of the virus that most policymakers and investors thought had gone for good.
The Teamlease Employment Outlook report for the July-September quarter noted that the intent to hire freshers has increased by 7 per cent in the current quarter.
Sugar production in Brazil, the world's biggest producer and exporter, is likely to drop due to a drought and frost that has damaged the sugarcane crop.
"The GST, the way it got created with actually five rates was basically excellent because now we are seeing the impact on GST's amounts that are coming in...the policymakers then must be given credit for actually being practical enough to say, let's get it going first," he said at a virtual event organised by industry body Assocham.
The AMRUT scheme was launched by Prime Minister Narendra Modi in June 2015 to establish an infrastructure that would ensure robust sewage networks and water supply for urban transformation.
Minister of State for Textiles Darshana Jardosh said the export of cotton and yarn from India to China has not stopped due to the COVID-19 pandemic. China was the second largest importer of cotton from India after Bangladesh, she said.
"@FinMinIndia in association with @mygovindia is announcing a contest to crowdsource the name, tagline and logo of the new Development Financial Institution. Cash prizes of up to Rs 5 lakh in each category! Last date for entries is 15.08.2021," Finance Minister Nirmala Sitharaman said in a tweet.
"The RBI-DPI index has demonstrated significant growth in the index representing the rapid adoption and deepening of digital payments across the country in recent years," the RBI said.
Speaking at a Ficci event, DIPAM Secretary Tuhin Kanta Pandey said BEML, Shipping Corp of India, Neelachal Ispat Nigam, BPCL and Air India are the companies where the disinvestment process is underway. "We are striving to complete it this fiscal," he said.
“India has been registering a fair GDP growth rate(at constant prices)…Though the growth rates are less than those of Bangladesh during 2017 to 2020, such comparison of economies of significantly different sizes may not be appropriate,” Rao Inderjit Singh said in a written reply.
With the approval, the total number of penal provisions in the Act will be reduced to 22, the number of compoundable offences will be only seven, the number of non-compoundable offences will be only three, and the number of defaults will be only 12, among others, Finance Minister Nirmala Sitharaman said after the Cabinet meeting.
The minister was replying to a written question by JD(U) MP Rajiv Ranjan Singh on whether the Union government is considering to give special status to Bihar, which is a long-pending demand of the state. He also said according to NITI Aayog's Sustainable Development Goals (SDG) India Index Report 2020-21, Bihar's composite score (52 out of 100) on the SDGs is the lowest among all states.
98.3% of all deposit accounts will get covered under it, in terms of value of the deposits over 50% coverage. Bank depositors will get Rs 5 lakh insurance on their deposits within 90 days, said minister Anurag Thakur.
A substantial chunk of the total gross spending is towards transfer to states for shortfall in Goods and Services Tax (GST) compensation cess. A total of Rs 1.59 lakh crore would be transferred to states as back-to-back loan in lieu of the GST compensation shortfall. However, this will not entail any cash outgo.
“It is observed that there is addition in net payroll as represented by EPFO subscriber base in each month of 2020-21 except for the month of April and May 2020,” state labour minister Ramesawar Teli said.
The foreign investment meant for Tamil Nadu had gone to neighbouring states like Karnataka in the last 10 years, due to which there was a slump in development in the sector in the state, Thangaraj told reporters here.
As per the agency’s estimates mortgage loans remained the most resilient of all asset classes. For mortgage and even commercial vehicle loans, the median collection ratio for the April 2021 payout was higher than the pre-pandemic average, indicating a sharp uptick in collections towards the end of fiscal 2021.
The panel has recommended that the government should immediately come out with a larger economic package “aimed at bolstering demand, investment, exports and employment generation” to help the economy, including MSMEs, to recover from the fallout of Covid-19.
Not only to transform agri-food systems into sustainable systems, India has taken measures to provide income support to farmers, improve rural incomes, as well as address the issues of under-nutrition and malnutrition in the country, Minister of State for Agriculture Shobha Karandlaje said in a statement.
The Department of Investment and Public Asset Management (DIPAM) had on July 7 floated the Request for Proposal (RFP) for appointing transaction and legal advisors.
Industry expert Jaison John, Team Lead – India, U.S. Soybean Export Council (USSEC), Dr Suresh Itapu, Nutraceutical Expert, Director, NutriTech India and Kripa Jalan Nutritionist, Founder – Burgers to Beasts deliberate on protein consumption in the country and how retailers can play an important role in making India protein sufficient.
