Govt to discuss market access with trade allies

Govt to discuss market access with trade allies

New Delhi: India is drawing up a list of market access and non-tariff barriers(NTBs) hurting its goods and services exports and would take them up with the respective trade partners as it seeks to give a fillip to outbound shipments. The commerce department has begun the exercise with barriers such as registration requirements, higher pesticide … Read more

On horizon: Sunset date for increases in import tariffs to boost local manufacturing

On horizon: Sunset date for increases in import tariffs to boost local manufacturing

India had in July imposed restrictions on the import of some types of colour televisions, imports of which added up to $800 million in FY20. Synopsis “Increase in import tariffs to provide some protection to local industry will now come with a sunset date,” the official said. “The idea is to ensure that the local … Read more

View: Seven steps to buoy the economy via smart decisions, not additional government spending

View: Seven steps to buoy the economy via smart decisions, not additional government spending

The government has to step in and invest massively in ongoing and shovel-ready infrastructure projects, such asthe Delhi-Mumbai Industrial Corridor townships, to boost economic recovery. But there is plenty the government can do to induce growth without spending money.One, stop patronising power theft and offering free, unmetered supply. The power sector’s problems are less about … Read more