Amiti Sen

  • Special duty on import of LAB in offing

    Special duty on import of LAB in offing

    Govt plans to impose a special duty of 20% on the import of linear alkyl benzene (LAB) in a move that could hurt domestic detergent producers like HUL, Fena and several others in the small-scale sector.

    India's exports put up a better show in December

    India's exports put up a better show in December

    India's export performance in December 2008 has shown a relative improvement compared to the performance of the previous two months, according to official figures released by the commerce department on Monday.

    ECBs to help exporters retire high-cost loans

    ECBs to help exporters retire high-cost loans

    The commerce dept will put forward the proposal in a meeting of CoS working on export sector incentives. The committee will also consider FBT exemption for the sector for a few months.

    Easier dollar credit in the offing for exporters

    Easier dollar credit in the offing for exporters

    The government will ask the Reserve Bank of India (RBI) to relax rules governing dollar credit, so that banks can extend loans to cash-starved exporters to tide over the global recession.

    Permanent ban on Chinese toys likely

    Permanent ban on Chinese toys likely

    The six-month ban on the import of cheap Chinese toys, suspected of containing toxic substances, could translate into a permanent one, according to a government official.

    Aluminium may face safeguard duties soon

    Aluminium may face safeguard duties soon

    The government is likely to impose safeguard duties — temporary levies to check import surges — on aluminium to restrict imports from China which has more than doubled in the current fiscal.

    India, Asean to discuss services & investment

    India, Asean to discuss services & investment

    Senior government officials from 10 south-east Asian countries are meeting their Indian counterparts to finalise the contents of a free-trade agreement on services and investment between India and the Asean.

    Tax breaks for IT companies

    Tax breaks for IT companies

    In a move that will significantly ease the tax burden on India’s biggest information technology (IT) companies, the government has decided to amend the income tax law relating to tax exemption for units operating out of special economic zones (SEZs).

  • Amiti Sen

    We’ve got Visa power!

    India and Pakistan have once again proved to all skeptics that when they talk business, they mean business! The signing of the new bilateral visa agreement replacing the restrictive 37 year old pact is yet...

    Amiti Sen

    Chinese Checkers

    It may not be easy for Indians to love the Chinese. But it is impossible to hate them. Yes, they do flood us with cheap products ranging from diyas and crackers to chemicals, metals, electronics...

    Amiti Sen

    Economics scores over mindless patriotism

    If Pakistan needed to show proof of its sincerity in wanting closer economic ties with  India, it has indeed done so. It finally walked the talk this week with its Federal Cabinet agreeing to put...

    Amiti Sen

    Economics scores over mindless patriotism

    If Pakistan needed to show proof of its sincerity in wanting closer economic ties with  India, it has indeed done so. It finally walked the talk this week with its Federal Cabinet agreeing to put...

    Amiti Sen

    India-EU FTA–not a lost cause

    The Indian media is full of stories on how the India-EU free trade agreement will not be signed during the India-EU summit in New Delhi on Friday.  I wonder what made people think that the...

    Amiti Sen

    India-Pakistan’s MFN roller-coaster

    When the Pakistani Cabinet decided on November 2 to allow grant of most favoured nation or MFN status to India that would result in removal of import restrictions, the media, as expected, went to town...

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