My ministry will work on developing global supply chain for the agri-sector, Prabhu
The Dollar Business Bureau The Commerce and Industry Ministry will soon bring in a policy framework for facilitating access to global markets for the Indian agriculture produce, Union minister Suresh Prabhu said while addressing an agri summit. Prabhu, who took charge as Commerce and Industry Minister recently, said that his ministry will work on developing global supply chain for the agriculture sector. Addressing the agri summit the minister said that multilaterally there is also need to work on removing trade restrictions with an aim to boost Indias agri exports. "If they (farmers) produce something, they (should) get an access to global market and get better prices for that, and for that we will put in place a good policy framework very soon," Prabhu said. "We have ...
Cascading impact on price for exemptions from GST: Shome
PTI A former advisor to Union Finance ministry and a policy expert today said that cascading impact on prices would continue as several products are out of GST base. "Several products are set to be out of GST base and that implies a portion of our GDP will not generate input tax credit. So significant cascading of taxes is likely to continue," Parthasarathi Shome said on the sidelines of an interactive session on GST at Merchants' Chamber of Commerce & Industry. Petroleum, electricity and several services expected to be out of GST and will allow continuation of cascading effects on tax partly preventing getting price benefit on final products, he said. To explain, businesses or industry using petroleum, ...
Change of guard at FTAPCCI during this month
Sharath Chowdary Federation of Telangana and AndhraPradesh Chambers of Commerce and Industry (FTAPCCI) is going to be headed by a new President this month. The term of the present President Anil Reddy Vennam ends on 15 June, 2016. On the same day, there will be an annual general meeting and the current Senior Vice President Ravindra Modi will be appointed as the President. With more than 3,300 members, the apex industry chamber of the state will organise elections for the post of Vice President and other executive posts of the industry body this month end, Anil Reddy told The Dollar Business on the side lines of the announcement of FTAPCCI Excellence Annual Awards programme for the year 2014-15 in Hyderabad on Friday. The ...
India-US chamber aims $500-bn trade in few years
The Dollar Business Bureau Indo-American Chamber of Commerce (IACC) aims to increase the trade between India and the US to reach $500 billion in the coming few years. To achieve such a winning leap growth in trade, concerted efforts are required with new solutions and structures to drive the trading mechanism, IACC said in its National Conclave 2016 in Hyderabad on Friday. During the event, Home Minister Rajnath Singh said, “India and US are natural allies and could transform the world with trade and trust. Our Prime Minister Narendra Modi and the US President Barack Obama have added a new and successful chapter in Indo-US bilateral relations. The US-India trade value was $90 billion during 2009-10. It rose to $100 billion in ...
Make in India to go abroad to find suitors
Sachin Manawaria | The Dollar Business To promote Prime Minister Narendra Modi’s “Make in India” initiative across the globe, the government has asked the PHD Chamber of Commerce and Industry to host exhibitions across the globe under its Market Access Initiatives (MAI) Scheme in the coming fiscal year 2015-16. The exhibitions initially will be hosted in countries such as Russia, Sri Lanka, Bangladesh, China, Nepal, Pakistan, and Malaysia. The Department of Commerce has asked the PHD Chamber to set up the “Make in India” pavilion and lead a national level participation from India in these exhibitions. The Chamber has also been asked to promote B2B meetings between the right stakeholders. Alok B. Shriram, President, PHD Chamber of Commerce, said that the ...
Anti-Dumping investigation on imports of Melamine
Dated 9th December, 2014 | Copy of | Notification | Initiation of Sunset Review of Anti-Dumping duty on imports of ‘Melamine’ originating in or exported from China PR. 1. Whereas, the Designated Authority having regard to the Customs Tariff Act, 1975 as amended in 1995 (hereinafter referred to as the Act) and the Customs Tariff (Identification, Assessment and Collection of Duty or Additional Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter referred to as AD Rules) recommended imposition of provisional duty on imports of Melamine originating in and exported from China PR vide notification No.14/16/2003-DGAD dated 27.02.2004 and such provisional duty was imposed by the Government of India vide Notification No.53/2004-Customs dated 02.04.2004. The Authority issued ...
