US cutting duty on shrimp imports to benefit Indian farmers: ICRA
The Dollar Business Bureau Credit rating agency, ICRA, said on Thursday that the decision of the US government to roll back the increase in anti-dumping duty (ADD) on the imports of shrimp from India will benefit the farmers in the country and lead to enhanced production. “...The impact of any hike/decline in duty/tax will be passed on back to the farmers by the processors, and not to the end consumer. Hence, while farmers bear the price-risk, they stand to benefit from the current reduction in duty levels. This could lead to increase in sowing and higher shrimp production in the near term,” the agency said in a report. The United States Department of Commerce (US DoC) in its 10th yearly review had hiked the weighted average ADD from 2.96 percent to ...
Indias economic recovery remains shaky: ICRA
The Dollar Business Bureau The Cabinet Committee on Investment (CCI) has resolved 332 projects worth Rs. 11.5 trillion by mid-December 2015, largely concentrated in steel, power and road sectors The recovery in Indian economic activity remains tentative and narrowly focused in sectors such as roads, railways, power transmission and passenger vehicles, credit rating agency ICRA said in its latest report. The value of new projects announced during the second quarter of this fiscal was at Rs.3.3 trillion and these projects were mainly related to machinery, electricity, chemical, transport equipment and services sectors. The report underlined that despite positive consumer sentiment, the country’s capacity expansion will fail to keep pace with project announcements. “Availability of budgetary outlays for financing of infrastructure ...
