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A Budget poser: Does dividend income need to be taxed thrice?

Dividend, no matter the quantum, is tax-free in the hands of foreign shareholders.
The Economic Times



China taps india for masks, exporters unsure

Chinese exporters said there is a need for around two million masks and the Indian mission in Hong Kong has sought a list of manufacturers in India who can provide these masks. However, exporters are unsure about India meeting this demand because India itself is a huge importer of surgical masks from China, Malaysia and Thailand.

Airtel says it can import, export goods despite Govt move

“The Company is working towards an expeditious closure of this matter with the Offi...

Trade demands opening up of onion exports as prices slide rapidly

Onion prices have been ruling around Rs 100 a kg in retail for close to thr...

ET Prime Distribution
  • Indian engineering exports to China increased by a significant 27.60 per cent to USD 1.77 billion during April-December 2019 -20, according to EEPC India analysis. "In fact, China has emerged as our 10th largest export destination for engineering goods, dominated by iron and steel as also industrial machinery,'' said EEPC chairman Mr Ravi Sehgal.

    According to various media reports, the Directorate of Foreign Trade (DGFT) has put Airtel on the 'Denied Entities List' following the non-fulfillment of export obligations under the EPCG scheme. As a result, Airtel’s import license stood cancelled and the company will not be able to avail any export benefit or licence from the DGFT.

    Global buyers have been targetting Indian supplies to help meet a global sugar deficit.

    Rajesh Exports is a 'Buy' call with a target price of Rs 750 and a stop loss of Rs 710.

    Exports of finished steel during the April-December period of the ongoing fiscal year increased marginally to 6.5 million tonnes from 6.36 mt in the same period last year, according to provisional figures released by the Joint Plant Committee, an authoritative and independent source of information about the Indian iron and steel industry.

    "Infrastructure is not growing at the rate at which it should. It’s a mixed picture. There is a slowdown in awarding of orders, both by the public sector and private sector. Payments are delayed, but we don't have any bigticket payments (that are) due," says Sunil Mathur, managing director and chief executive officer, Siemens India.

    "There are concerns over the impact to the global economy from the spread of infection in China, transportation disruptions, cancellation of group tours from China and an extention in the Lunar Holiday," Japanese Economy Minister Yasutoshi Nishimura told.

    The government is all set to clamp down on import of furniture and certain types of tyres in order to give a fillip to domestic manufacturing. Separately, certain types of gems are also on the radar for import curbs.

    We don’t need to copy China to be an economic superpower, except maybe its long-term focus.

    "S-Presso is a true symbol of Make in India. The car stands testament to our commitment to offer best in design, technology and safety to our customers both locally and globally," MSI MD said. The SUV-shaped car featured amongst India's top 10 bestselling cars within a month of its launch with the company selling over 35,000 units since launch in September 2019 in the domestic market.

    The government is considering lifting ban on exports of onion as fresh arrival of the commodity has started softening its prices in the domestic market, an official said.

    The tyre industry in India has seen its growth momentum getting arrested due to a slowdown in the sales of vehicles, which has led Cear to defer some of its planned capital investment but they still see an opportunity in export.

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