At this stage you have an abundant supply of young laborers. And competitively, the wage rate in India is less than high medium income countries
At a time when the entire world recognises that China is a non-transparent and opaque economy, some people, possibly responsible for its growing influence in the India industry, are choosing to continue to praise or defend the China story, Commerce and Industry Minister Piyush Goyal said on Thursday. Slamming the previous Congress-led government, he said it is a matter of "shame" that India allowed substandard and opaquely-priced Chinese goods to flood the Indian markets and kill Indian manufacturing. "As regards China, it is very sad that some people, possibly responsible for the growing influence of China in the India industry, are choosing to continue to praise or defend the China story, whereas the whole world today recognises that China is a non-transparent and opaque economy," Goyal told Indian journalists at a news conference here. He was responding to a question on recent remarks by Leader of Opposition in the Lok Sabha Rahul Gandhi during his US trip last month, alleging th
US is expected to make its final determination in the coming days after delaying a decision twice
Other countries such as Korea and Taiwan combined have seen their imports hit $4.5 billion in FY24 but they are still half of China and Hong Kong combined
In a scathing attack on Prime Minister Narendra Modi, RJD leader Tejashwi Yadav on Sunday claimed that his guarantee is like Chinese goods and is only meant for polls, as he urged people not to fall for the BJP's "propaganda" in the Lok Sabha polls. Addressing the INDIA bloc rally at the Ramlila maidan here, Yadav alleged that an "undeclared emergency" was prevailing in the country and asserted that the opposition will not let the RSS agenda to be implemented in the country. Yadav also sang lines from a Govinda-starrer movie with a play on the lyrics "tum toh dhokebaaz ho, vaada karke bhool jaate ho", to allege that Prime Minister Modi did not fulfil his promises made in the last election. The former Bihar deputy CM charged that the Enforcement Directorate, CBI and IT department are cells of the BJP. "Cases have been slapped on me, my father, mother, sisters. We are not the ones to get scared. The manner in which Hemant Soren ji and (Arvind) Kejriwal ji have been arrested (has been
A special House committee focused on China is calling for altering the way the US treats Chinese-made goods, possibly subjecting them to higher tariffs even if its risks increased tensions between the two economic superpowers. The report does not specifically call for repealing China's preferential trade status, but it does recommend placing China in a new trading category that some liken to a de facto repeal. The committee's chairman said he envisions a process where Congress would determine regularly which economic sectors would be subject to higher tariffs and which would see lower tariffs. Lawmakers in both parties endorsed the proposal, a reflection of the growing willingness in Congress to build on the tariffs enacted during Donald Trump's presidency, even if it risks retaliatory actions from China that would harm many farmers, ranchers and US exporters. The committee crafted the recommendation after several months of deliberation and hearings. Members hope that the nearly 150
The commerce ministry's investigation arm DGTR has "suo-motu" initiated probes against the alleged dumping of four products, including roller chains, glass mirrors and fasteners, by Chinese companies as the authority seeks to guard MSME units against cheap imports from the neighbouring country, an official said on Wednesday. Usually, anti-dumping investigations are initiated based on an application filed by domestic producers, but since the fragmented industries did not have the know-how of the procedures involved in the trade remedy probe, the Directorate General of Trade Remedies (DGTR) has undertaken the exercise to investigate the matter on its own initiative. Directorate General of Trade Remedies Anant Swarup said that these products are mainly manufactured by MSMEs. He said that the import of these four products together stood at about Rs 800 crore and they are coming from China. "We have initiated four suo-motu cases," Swarup told reporters here. The DGTR said that it is ..
The commerce ministry's investigation arm DGTR has "suo-motu" initiated probes against alleged dumping of three products, including unframed glass mirrors and fasteners, by Chinese companies as the authority seeks to guard MSME units against cheap imports from the neighbouring country. Usually, anti-dumping investigations are initiated based on an application filed by domestic producers, but since the fragmented industries did not have the know-how of the procedures involved in the trade remedy probe, the Directorate General of Trade Remedies (DGTR) has undertaken the exercise to investigate the matter on its own initiative. According to three separate notifications, the DGTR said that it is probing alleged dumping of telescopic channel drawer, unframed glass mirror and fasteners. The move is aimed at granting much-needed protection to the MSME (micro, small and medium enterprises) producers against dumped goods from China. "This is a giant leap forward from DGTR's first suo-motu .
Permission for Apple's suppliers raises questions
About 58 per cent of Indians have reduced their 'Make in China' purchases due to the geo-political situation while 26 per cent said they found Indian alternatives to be better in price and quality
The Chamber of Trade and Industry (CTI) wrote to Union Commerce Minister Piyush Goyal urging him for a change in the import policy and to make it mandatory to write the country of origin on every item
Congress MP Rahul Gandhi on Monday claimed the 'Agnipath' recruitment scheme will adversely impact the morale of armed forces as he continued his attack on the Centre on a range of issues - from note ban to unemployment to inflation - during his Bharat Jodo Yatra which entered its 68th day. Speaking at a public meeting in Hingoli district of central Maharashtra, organised as part of the Congress's mass outreach programme, he hit out at the Narendra Modi government, claiming policies like 'Agnipath', note ban and Goods and Service Tax (GST) were formulated to instill fear among the people of the country. Gandhi alleged the prime minister wants 'Made in China' products as this will benefit "two-three billionaires" in the country. What is Narendra Modi ji doing? They (the BJP) are trying to spread fear, violence and hatred. Be it note ban, Agnipath, GST...all their policies only scare people. The one who gets scared, there is hatred in his heart which leads to division in the society
PLI scheme for large-scale electronics manufacturing and IT hardware along with the scheme to promote component manufacturing will reduce the country's dependence on Chinese electronic products
Sensitive sectors to remain under approval route
China-made products - from smartphones and electrical components to home decor items - gained traction here since the mid-2000s, when they flooded the markets with their cheaper alternatives
A panel of three WTO trade experts on Tuesday said the US broke international rules when it imposed tariffs on Chinese goods in 2018
Bharat Forge Ltd lodged a complaint with ministry's investigation arm Directorate General of Trade Remedies for review of the duties on imports of front axle beam and steering knuckles from China
The Confederation of all India Traders (CAIT) on Sunday launched a campaign 'China Quit India' to boycott Chinese goods, while its members held protests across 600 places across the country.
A bench of Chief Justice S A Bobde and Justices A S Bopanna and V Ramasubramanian issued notice to the Centre and sought its response
From Chinese tech firms moving writ petitions, GST collection improving in June to PM Modi quitting Chinese social media, here are the top headlines of the day