India and the US could strike a smaller trade deal in the coming weeks, India’s ambassador Taranjit Singh Sandhu has said while acknowledging that the unprecedented challenges posed by the Covid-19 pandemic has been a “bit of a setback” in moving ahead as the governments are focused on tackling the health crisis. Addressing the virtual.

Union Minister Nitin Gadkari has told India TV that the government is considering increasing import duty on Chinese products amid coronavirus outbreak. “Earlier we used to import PPE kits from China, now we have enough production of PPE in the country that we are exporting products to other countries. The price of these products has also.

As part of a wider plan to aid the Indian economy in the wake of the coronavirus, the Reserve Bank of India (RBI) has pledged to support struggling exporters and importers through a range of new measures. According to a statement released on May 22 by India’s central bank governor, Shaktikanta Das, the country’s exports.

Union Minister for Micro Small and Medium Enterprises (MSME) Nitin Gadkari has said the government is exploring new financial lending institutions to support small-scale units in terms of financial support. Gadkari further said that the government is also working towards strengthening the NBFCs which will help small businesses to avail easy credit in the coming.

With policy interventions in the SEZ (special economic zone) rules, India can attract manufacturing supply chains that are relocating from China, according to the Tamil Nadu Association of SEZ Infrastructure developers. In a communication to the Prime Minister, Sunil Rallan, the president of the Association, has requested for a few policy interventions in SEZ schemes.

Finance Minister Nirmala Sitharaman on Sunday said a new “coherent” public sector enterprises policy will be formulated that will define strategic sectors which will have not more than four PSUs. List of strategic sectors requiring presence of public sector undertakings (PSUs) in public interest will be notified, she said while announcing her fifth and final.

The stimulus package announced by the government for different sectors and the new definition for MSMEs will give huge boost to industry, Union Minister Nitin Gadkari said on Sunday. Addressing a meeting with representatives of Business Network International and MM Activ Sci-Tech Communications via video conferencing, the minister for MSME and Road Transport and Highways.

India will fire on all cylinders to achieve atmanirbharta (self-reliance) and could offer tax sops, procurement preference in government contracts for domestically produced goods while imposing stringent non-tariff barriers to discourage imports. Measures for sectors such as pharmaceuticals, furniture and leather are in focus and states could be asked to revamp their procurement processes to.