Growth in economic activity and trade overshadowed by rising deficit
Abin Daya the author of 'Basics of Trade: An India Perspective' is a FEMA expert, a career transaction banker, with close to 15 years of experience in corporate and transaction banking, in India. By Abin Daya Well, the effect of that abysmal performance of the core sector had to have some effect on the IIP. IIP numbers have come in at the lowest in 4 months with -1.2% growth. However, the coming months might give us some respite considering the improvement in economic activity during the month of March. And speaking of March, we have got a second consecutive month of double digit export growth during the month, and that has helped us pull off a positive growth in annual export figures after ...
Industry seeks anti-dumping duty on fishnets imports
The Dollar Business BureauIndian fishnet manufacturing industry has urged the Indian government to initiate anti-dumping investigation and impose an anti-dumping duty on imports of fishnet or fishing net from Bangladesh and China.Indian Fishnet Manufacturers Association, on the behalf of the fishnet producers, filed a petition before the Directorate General of Foreign Trade (DGFT) to identify, assess and collect anti-dumping duty on dumping of fishnets. Acting upon their requests, the authorities have initiated an investigation on whether the cheap imports from Bangladesh and China have caused a significant injury to the domestic industry.The authorities have assured the industry that in case of dumping, the government would initiate an anti-dumping duty, which would be adequate to remove the ‘injury’ to the domestic ...
Transparent policies in India for investment in energy: Pradhan
PTI Seeking to provide affordable energy to the Indian consumers, the government has introduced transparent policies through the deregulated market for global players to invest in refineries and petrochemical plants, Oil and Petroleum Minister Dharmendra Pradhan said here today. Launching a road show which offers 67 discovered small fields, clustered into 46 contract areas, for production and supply of oil and gas to the Indian market, he said India is seeking global investors for its energy sector to create competition in the domestic market with the main objective of providing competitively priced products to the consumers. "Consumers are the kings in India. We want to provide affordable energy to our consumers," Pradhan said, stressing that participation by big energy players like Saudi ...
Lady with the Mug
Since Manmeet was handed over the baton to build equity for Tata Starbucks in India, she has not only focussed on branding but also battled regulatory restrictions related to imports of whole bean coffee and other ingredients from three continents. Neha Dewan | March 2016 Issue | The Dollar Business Manmeet Vohra, Director – Marketing & Categor, Tata Starbucks The almost feverish pace at the Tata Starbucks office in Mumbai is impossible to miss. Inside the meeting room, a tray of cups with black coffee comes in promptly. “We will first start with coffee tasting which is always done through pure brewed coffee, without adding anything,” says Manmeet Vohra, Director – Marketing & Category at Tata Starbucks India. Recently, she was certified as ...
Fifty percent of exports to free ports examined physically: FIEO
Sai Nikesh | The Dollar Business Even as the Government of India (GoI) in its Union Budget 2015 announced strict and stringent measures to curb money laundering, sources said a surge in trade between India and the United Arab Emirates during the past few years has been under intelligence watch. Endorsing the same, Ajay Sahai, Director General of the Federation of Indian Export Organisations (FIEO), when contacted by The Dollar Business said, “We have been given to understand that 50% of all consignments exported to Free Ports like Dubai are physically examined. If that be the case, any mischief cannot go undetected for a long time.” However, there is a need to strike a nice balance, so that while revenue ...