Category: Politics

New Delhi: India’s strong economic expansion, low inflation and a reasonable fiscal deficit give the government the necessary space to unveil a growth-supportive budget for the next fiscal with focus on reforms, economists told finance minister Nirmala Sitharaman on Monday as she chaired her first customary stakeholder meeting for the upcoming budget. Sitharaman is expected to […]

The U.S. Senate on Monday approved a compromise that would end the longest government shutdown in U.S. history, breaking a weeks-long stalemate that has disrupted food benefits for millions, left hundreds of thousands of federal workers unpaid and snarled air traffic. The 60-40 vote passed with the support of nearly all of the chamber’s Republicans and […]

Companies that have applied under the component PLI programme or the Electronics Component Manufacturing Scheme (ECMS) have started making fresh PN3 JV applications. Homegrown contract electronics manufacturing major Dixon Technologies managing director Atul Lall expects to soon get Press Note 3 (PN3) approval for its two Indo-Chinese joint ventures (JVs)-one with Vivo for smartphone manufacturing and […]

Air passengers departing Singapore will pay a green fuel levy of as much as S$41.60 ($31.95) from next year as the city-state locks in a key step in its effort to cut the aviation industry‘s emissions. Travellers flying in economy and premium economy, as well as those on short-haul routes, will be charged far less. Those […]

A large delegation of Indian exporters will start a four-day visit to Moscow on Tuesday, a senior trade body official said, part of New Delhi’s push to diversify export markets amid the impact of US President Donald Trump’s sharp tariff increases. The visit comes ahead of an expected trip to India next month by Russian President […]

The share of SEZs in total goods exports from India is about a fifth. New Delhi: India is considering lowering the barriers between its multiple dedicated export zones and the domestic market to allow freer flow of goods and services, seeking to boost both exports and manufacturing. The measures are included in ongoing discussions between the […]

A group of moderate Democrats has a tentative deal to reopen the government if Republicans promise to hold a vote on expiring health care subsidies by December, a potential breakthrough as lawmakers seek to end the shutdown. The group of three former governors – New Hampshire Sen. Jeanne Shaheen, New Hampshire Sen. Maggie Hassan and Independent […]

Representative image. New Delhi: India’s electronics industry has urged the government to persist with supportive policy measures, concerned that normalisation of US-China trade relations would hurt the sector’s hard-earned export competitiveness. The industry, also the biggest Make in India success story, reached out to the government after the US halved fentanyl tariffs on Beijing to 10%, […]

India’s dependence on China is mainly in intermediate and capital goods, not finished goods. Such imports are harder to replace as they feed into India’s production process. Investment, not isolation, is key to reducing dependence, says CEA. India should attract firms in China exporting to India, as done in Apple’s case. This can cut import reliance […]

India must pair its push for domestic manufacturing with deeper integration into global value chains to sustain growth and become “strategically indispensable”, Chief Economic Advisor Dr V Anantha Nageswaran said on Friday. Speaking at CNBC-TV18’s Global Leadership Summit, he said the success of the Production-Linked Incentive (PLI) schemes should not stop at import substitution. “Making sure […]