Maruti Suzuki India contributes to 50% of Suzukis global sales
The Dollar Business Bureau The Indian arm of Suzuki Motor Corporation (SMC), Maruti Suzuki India contributed more than 50% to its parent company’s global sales in terms of volumes in the period April-December of the current fiscal. SMC said that during April to December period of this fiscal, its Indian automobile sales stood at 10.61 lakh units, whereas its total global sales stood at 20.83 lakh units at 50.93%. In the same period last fiscal, the company said that its sales in India stood at 9.72 lakh units out of an overall sales across the globe of 20.40 lakh units, making up for 47.64%. SMC on Monday reported that the company’s consolidated operating income increased by 14.4% to 167.4 billion yen (around $1.49 ...
Cabinet approves pact with Qatar on customs matters
The Dollar Business Bureau The Union Cabinet has given its nod for an agreement between India and Qatar related to cooperation in the matters of customs. Chaired by Prime Minister Narendra Modi, the Union Cabinet has approved for ratifying and signing of an agreement on Cooperation and Mutual Assistance in Customs Matters, between India and Qatar, according to a release. The aim of the agreement is to enter into a bilateral pact for cooperation in matters related to customs between the two countries. This agreement between the two countries will help in the availability of significant information for investigation and prevention of offences related to Customs. The Agreement is also said to ease trade and make sure that the goods traded ...
'Falling inflation and rupee depreciation will boost exports'
The Dollar Business Bureau Govt was urged to continue Rupee Export Credit Interest Rate Subvention Scheme’ for selected sectors to encourage domestic MSMEs India’s export competitiveness has been eroded because of the steady real appreciation of rupee, said an ASSOCHAM study, while recommending steps to encourage domestic MSMEs and revive falling exports. Global experience shows that 10-15% real devaluation could be a shot in the arm for an export surge, while a real devaluation of the order of around 10% through a combination of falling inflation and allowing rupee to depreciate may provide much needed boost to exporters,” said ASSOCHAM in a study. In the study-‘What’s behind India’s Declining Exports’, the Associated Chamber of Commerce and Industry (ASSOCHAM) urged the ...
Imports of Methylene Chloride from China PR and Russia
Dated October 30th, 2015 | Copy of | Notification Sl91 dt. 30/10/15 | No. 14/33/2014-DGAD Government of India Department of Commerce Ministry of Commerce & Industry (Directorate General of Anti-Dumping & Allied Duties) NOTIFICATION (Preliminary Findings) Subject: Anti-dumping Investigation concerning import of “Methylene Chloride” originating in or exported from China PR and Russia–Preliminary Findings-reg. Whereas in accordance with the Customs Tariff Act, 1975 as amended from time to time (hereinafter also referred to as the Act) and the Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of injury) Rules, 1995 as amended from time to time (hereinafter also referred to as the AD Rules or the Rules), the Designated Authority (hereinafter referred to as the Authority), received a written ...
Chinese currency continues sharp fall on third day
Source: PTI Chinese currency on Thursday continued its sharp fall for the third consecutive day, sending jitters in the markets as the central bank assured that there will not be currency slump as feared by many at home and abroad. China had devalued its currency twice within two days, sending shockwaves and fuelling fears of a currency war. The central parity rate of the yuan Thursday weakened by 704 basis points, or 1.1%, to 6.401 against the US dollar, narrowing from Wednesday's 1.6% and almost 1.9% on Tuesday, according to the China Foreign Exchange Trading System, state-run Xinhua news agency reported. On Tuesday, the People's Bank of China (PBOC) reformed the exchange rate mechanism to better reflect market development in the ...
