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Govt may bring separate policy for electronics to boost FDI

Tuesday, July 16, 2019, 4:11 PM

In a move that may be a boost for hi-tech companies like Apple, Samsung, etc., the government is likely to formulate a separate policy for electronics to attract higher FDI and make the country an export hub. This means electronics will not form part of the easing of the 30% local-sourcing-norms for single-brand retail, about which finance minister Nirmala Sitharaman spoke in the Budget.
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Customs regime may be tweaked to boost make in India, exports

Saturday, June 29, 2019, 1:06 PM

India is likely to revamp its customs duty regime, weeding out some exemptions and correcting inverted duty structures to give a boost to the government's Make in India manufacturing initiative as well as exports. It is also considering easing of procedures for industry such as anonymous assessments and speedier clearances, while taking steps to curb evasion.
 
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Jet Airways grounds 2 more planes, total 23 out of operations

Monday, March 4, 2019, 7:32 AM

Beleaguered carrier Jet Airways has grounded two more of its aircraft due to non-payment of lease rentals, taking the total-number of planes on ground to 23. Almost 20% of aircraft in airlines fleet are now out of operations. "An additional two-aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements," airline said in filing to the stock-exchanges.

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