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India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India

While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.Read more

Banks sanction loans worth Rs 1.25 cr to 25.74 lakh MSMEs till Sept

The latest numbers on ECLGS, as released by the ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs). Read more

Energising power sector

Indian electrical & electronics industry has been going through a rough patch even before COVID 19 struck the country.Read more

Ministry of Shipping unveils a dispute resolution mechanism SAROD-Ports

The initiative is targeted towards attracting more private sector investments and should be favourable for the sector if it is able to resolve disputes at low costs and in a time bound manner.Read more

Government reduces burden on companies with relaxations

Anurag Singh Thakur, Union Minister of State, Finance & Corporate Affairs, stated this in a written response to the Lok Sabha recently.Read more

IEEMA aims for $ 25 bn electrical & electronics exports by 2024-25: R K Chugh

After June 15, 2020, the Government took many steps to curb imports of electrical and electronics (E&E) products from China into India. In this interview with Rakesh Rao, R K Chugh, President of IEEMA, explains the benefits of these steps and road ahead for the industry.Read more

Why rugged tablets are needed in harsh factory environment

Factories have harsh operating environments that normal devices would not survive in. Rugged tablets are engineered to withstand drops, shocks, spills, vibration, dust as well as oil and grease found in manufacturing floor space, say Rick Hwang.Read more

Government caps MEIS benefits to Rs 2 crores

The government has announced discontinuation of MEIS as a new WTO-compliant scheme, the Remission of Duties or Taxes On Export Product (RoDTEP) which will replace starting 1 January, 2021. Read more

Road Transport Ministry notifies draft on proposed safety standards for CEV

The newly proposed standards eyes to establish various safety requirements for CEVs. This is expected to provide safety of the operator and to ensure safety while such machines are running on public roads along with other vehicles.Read more

Defence Ministry’s import embargo to open up Rs 4,000 bn opportunity for domestic industry

The list of 101 embargoed items comprises of not just simple parts but also some high technology weapon systems. Of these, items worth almost Rs 1,300 bn each are anticipated for the Army and the Air Force while items worth almost Rs 1,400 bn are anticipated by the Navy. Read more

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