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Pranab Mukherjee continues to be critical

New Delhi, Aug 12 () The condition of former president Pranab Mukherjee continues to be critical and he remains on ventilator support, ...
The Economic Times
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| 13 August, 2020, 04:31 AM IST | E-Paper


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    • The company, which reported a 50% slump in net profit for the quarter ended March on account of the Covid-19 pandemic, said it expects demand to recover in the medium term. “There is a shift to digitisation, which will be irreversible and will continue. Telecom operators world over want to strengthen their network,” said CEO of Sterlite Technologies.

      While there is again an air of export-pessimism today, on account of rising protectionism, the paralysis of multilateralism in trade, and the post-Covid disruption of maritime trade, Modi appears more sanguine, inviting FDI and asking domestic producers to ‘make for the world’.

      Addressing the special event on the Sustainable Development Goals (SDG) Acceleration Actions on the margins of 2020 High-Level Political Forum on Tuesday, Amitabh Kant said collective action through international cooperation is more relevant and important than ever before in these truly unprecedented times.

      The 2021 union budget has corrected an anomaly in the duty structure of walnut kernels which had a custom duty of 30% as against 100% on walnuts (in shell), said Gunjan Jain, MD of New Delhi-based VKC Nuts. This had adversely impacted the domestic walnut processing industry, which is a major industry in Kashmir, he said.

      "By integrating 'Assemble in India for the world' into Make in India, India can raise its export market share to about 3.5 per cent by 2025 and 6 per cent by 2030. This will create 4 crore well-paid jobs by 2025 and 8 crore by 2030," the survey said.

      Bold reforms will be needed if India has to make its position as the next best alternative.

      Consumer Electronics and Appliances Manufacturers Association (CEAMA) said even before the call to boycott Chinese products, various companies had already started to look for alternative sources due to disruptions of supplies following the coronavirus-induced lockdown in China.

      “I support creative expression (but) there is a lot of misinformation there and poor portrayal of India and Indian society,” Goyal said at the Ficci Frames e-event. His statement assumes significance in the wake of the government’s proposal of an institutional self-regulatory model similar to traditional media, that was rejected by most online video streaming platforms.

      Cutting off or reducing trade and similar economic actions can have a punitive effect only if the country adopting these measures has sufficient economic clout. The US economic embargo, for instance, has caused serious damage to the Iranian economy. The ground reality is very different insofar as Indo-China economic relations are concerned.

      Taiwan's Foxconn, the world's biggest electronics contract manufacturer, recently told its shareholders it would invest more in India and the details of those investments would be announced shortly.

      The AMCA is a 5th generation-plus fighter, which would have a multitude of technologies borne out of the indigenous production of Tejas Mk-II and other contracts under `Make in India’. We expect the AMCA development to take place in a time-frame of next 15 years.

      "On the impact of coronavirus outbreak and any disruptions to Make in India or to Indian export/import, Finanace Ministry is scheduled to hold a meeting on Tuesday 18 Feb. Stakeholders are welcome." Union Finance Minister Nirmala Sitharaman tweeted on Sunday.

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