ASSOCHAM urges Govt to impose 10% customs duty on pulp imports
The Dollar Business Bureau The apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM), in its pre-budget recommendations, urged the Government to levy a 10% customs duty on hardwood chemical pulp and bleached chemi-thermo mechanical pulp (BCTMP) imports in order to promote production of pulp in the country. The industry said that this would provide a fillip in creating jobs and support overall economic development of the country’s vast rural hinterland which covers pulpwood plantations. “These measures would help energise creation of sustainable sources of fibre required by Indian pulp and paper industry,” ASSOCHAM said in a statement on Tuesday. It also asked for policy measures for facilitating participation of private sector in plantation development programmes. As per estimates, India imports more ...
Pre- Budget hopes from the Mumbai industry
The Dollar Business Bureau With demonetisation fraying, the nerves of the business community, the financial capital of India is relying on the finance minister to give them the much-needed soothing balm. The Dollar Business gathered the reactions of some before the Budget started. Sudhir Mehta: CII (WR) Chairman, and Managing Director, Pinnacle Industries: Of all our recommendations, I think the following should be focused on. Firstly the privatization of 1000 PSU companies. The recommendation by the Kelkar committee on PPP has also been a thorny issue. This needs to implemented as soon as possible. On the issue of asset recycling, railways have opened up the PPP development, and we should see at least 50 new railway stations being taken up for investment revival in 2017. We need ...
