Govt considering increasing import duty on Chinese products: Gadkari

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.

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Govt working on National Logistics Policy: Comm Min official

The government is working on National Logistics Policy, which aims to promote seamless movement of goods across the country, a senior Commerce Ministry official said on Thursday. Special Secretary in the logistics division of the ministry, Pawan Agarwal, said the policy will look at several areas such as process re-engineering, digitisation, and focus on multi-modal.

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Govt exploring new financial institutions to support MSME, says Nitin Gadkari

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.

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‘Tweak in SEZ rules can attract companies exiting China’

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.

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Government to privatise non-strategic PSUs: FM

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.

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Stimulus package, new MSME definition to give huge boost to industry: Gadkari

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.

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Modi’s mission self-reliance: Make in India, lower import dependence

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.

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PM Modi announces Rs 20 trillion stimulus package to jump-start economy

In his fifth address since the Covid-19 outbreak, Prime Minister Narendra Modi on Tuesday evening announced a much-awaited Rs 20-trillion stimulus package while giving away that the nationwide lockdown would be extended beyond May 17. Lockdown 4.0, however, would be very different from what we have seen so far, the PM said in a primetime telecast. The details of both — the.

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Karnataka Government okays Railway line in the Western Ghats

On March 20, the controversial Hubballi-Ankola railway line project was cleared at the Karnataka State Wildlife Board (KSWB) meeting in Bengaluru amid protests from members. The proposed 164.44 km Hubballi-Ankola railway line passes through the Western Ghats, a UNESCO World Heritage Site. The project will see felling of 2.2 lakh trees, a move that has.

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