Representational image of rice grains being winnowed at a paddy field in Kerala. India has revoked the export duty on parboiled rice | Photo Credit: K.K. Mustafah The Union Government has scrapped the export tax on parboiled rice, it said in an official order on Tuesday (October 22, 2024), as inventories across India — the … Read more
Indian exporters of carpets, handicrafts and engineering goods expect up to 10% benefit from the ongoing rupee depreciation. Sectors with a low dependence on imports stand to gain while others will lose their benefits to higher oil and commodity prices, they said. The rupee has shed almost 3.5% against the US dollar this year and … Read more
PLI is designed to identify and support upcoming technologies that are indicative of the largest economic opportunities of the next few decades. Synopsis In an increasingly interconnected world, manufacturing has been transformed into a series of dependent processes across countries, which together form large GSCs. With GSCs slowly shifting towards the East, and due to … Read more
In the 1960-70s, India produced some excellent cricketers — Mansoor Ali Khan Pataudi, Ajit Wadekar, Farokh Engineer, Bishan Singh Bedi, E A S Prasanna and Srinivasaraghavan Venkataraghavan. But it was only able to win on dirt track Indian wickets. As soon as it went abroad, India lost badly. Indian industry, closeted behind tariffs, had the … Read more
States must set up dedicated export departments and re-look at the composition of exports with focus on labour intensive sectors, NITI Aayog vice chairman Rajiv Kumar said while reiterating that the government’s Atma Nirbhar Bharat package is aimed at pushing exports while continuing with critical imports into the country. “The aim is to double India’s … Read more