India's hospitality industry witnessed a decline of 38.7% in revenue per available room (RevPAR) during Q1 2021 as compared to Q1 2020
A whopping 93 per cent agreed that video conferencing tools will continue to be essential beyond the pandemic
Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers
Tinkering with rates will put off investment and hurt exports
Government's New Year resolutions should be to revive domestic demand while addressing the Chinese threat
Removal of bottlenecks and enhancing competitiveness of the domestic industry can help India become the "factory of the world", industrialist Sajjan Jindal said on Tuesday.
Here's a selection of Business Standard opinion pieces for the day
Govt is pushing for buying local and going digital. The contradiction between the two cannot be missed
Open-ended tariff protection will affect competitiveness
DRDO has identified 108 military systems and subsystems like navigation radars, tank transporters and missile canisters for the domestic industry to design, develop and manufacture.
Says overseas companies must stop having an 'assembly workshop' approach
The government on last Thursday imposed restrictions on TV imports, a move aimed at promoting domestic manufacturing and cut inbound shipments of non-essential items from countries like China
Infra segment, refinery product impacted the most, even as contraction narrows in latest month
Move is in line with govt's 'Atmanirbhar Bharat' objective
The proposed Border Adjustment Tax would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.
Given the federal structure in the power sector, most states float tenders different from the Centre and adopt separate selection criteria, mostly tilting towards low cost.
The trade deficit contraction estimate has been made for FY22, assuming for a fourth of the items in the 40 specified sectors being sourced locally, Acuite Ratings and Research said.
Vendor would issue invoice on applicant against which payment would be made in foreign currency and applicant would raise invoice on customer and would receive consideration in foreign currency.
The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters
Companies like Siemens suggest the government needs to reduce the cost of doing business to ensure domestic firms grow