NEW DELHI: India Inc‘s foreign borrowings fell by over 47 per cent in August this year to USD 1.75 billion, data from the Reserve Bank showed on Monday. The domestic companies had borrowed a total of USD 3.32 billion from overseas markets in August 2019, by way of external commercial borrowings (ECBs). Of the total … Read more
New Delhi: The government is considering deferring the levy of import duty on display assembly till October 2021, a move when approved will provide a major relief to mobile phone makers. Official sources say the ministry of electronics and information technology (MeitY) is believed to have proposed the deferral and the matter is now with … Read more
NEW DELHI: Union Minister Ravi Shankar Prasad on Tuesday said proposals worth Rs 12 lakh crore have been received under the new scheme to boost electronics manufacturing, and some manufacturing lines have moved from China to India during the COVID-19 pandemic. The Minister for IT and Communications, while speaking at an industry event, also pointed … Read more