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Latest Articles in manufacturers

On-Tap Liquidity Facility: RBI Asks Banks To On-Lend To Healthcare Cos In 30 Days Of Availing Credit

Banks that want to deploy their own resources without availing funds from the RBI under the scheme for lending to the specified segments will also be eligible for the incentives.

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States Need To Come On Board For Success Of PLIs: MAIT

The Centre has a PLI scheme but you need land, electricity and other infrastructure for manufacturing. In most of the states, a single-window investment system has become an additional system.

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SBI Slashes Growth Forecast To 10.4 % On Rising Lockdowns

Total loss arising from the limited lockdowns is estimated at Rs 1.5 lakh crore; of which, Maharashtra, MP and Rajasthan account for 80 per cent and Maharashtra alone at 54 per cent

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FSSAI Writes To States For Ensuring No Disruption In Food Supply Chain Amid Curfews

The food regulator has also issued direction to allow FBOs (food business operators), other than manufacturers, to temporarily operate their businesses on the basis of a valid receipt of FSSAI licence/ registration application.

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India Likely To Waive Customs Duty On COVID-19 Vaccine Imports

The government presently levies 10 per cent customs or import duty plus a 16.5 per cent I-GST and social welfare surcharge on vaccines coming from overseas

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Extension Of FAME II Certification Validity To Help Bolster Industry Confidence: SIAM

SIAM noted that the scheme is largely on the right track and would result in desirable outcomes in the coming few years.

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Need To Provide Incentives To COVID-19 Vaccine Manufacturers To Ramp Up Production: FICCI

The government also needs to give provisions for immediate and sufficient grants and subsidies, through its COVID funds, for those manufacturers that are already developing or manufacturing COVID vaccines in the country

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IFFCO To Sell Old Stock Of Non-Urea Fertiliser At Earlier Rates

Retail prices of non-urea fertilisers such as DAP, MoP and NPK are decontrolled and are determined by manufacturers, while the Centre gives them fixed subsidy each year.

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Can Virtual Technology Help In Reshaping The Future Of Furniture Retailing

Virtual technology offers customers the information that was not possible to achieve previously in physical stores, enabling customers to select what they want to view and how they want to view is how the industry has evolved overtime

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Auto COs To Be Fined Up To Rs 1 Cr On Mandatory Recall Orders For Defective Vehicles: Govt

The rules for testing of vehicles and mandatory recall under the Central Motor Vehicles Act provides for penalty in case of manufacturers or importers fail to undertake voluntary recall.

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China February Factory Prices Roar Back, Consumer Deflation Ebbs

The consumer price index fell 0.2% in February from a year earlier, the statistics bureau said in a separate statement, compared with a 0.4% fall tipped by a Reuters poll and a 0.3% decline in January.

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2021- The Game-Changing Year For India’s Growth

The Indian economy is well poised to lead the global economic resurgence, with the Indian manufacturing sector playing a pivotal role. We foresee 2021 to be a game changing year for the Indian economic growth.

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German Exports Post Surprise Rise As China Trade Sizzles

Exports to other European Union countries fell 6.0% on the year, those to the United Kingdom dropped 29% and those to the United States decreased by 6.2%.

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UK Economy Set For Q1 Hit But Vaccines Are Raising Recovery Hopes

The PMI for the services industry alone, which accounts for the bulk of Britain's private-sector economy, fell to 39.5 in January from 49.4 in December, its lowest since May and marking a third month of contraction.

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Innovation from Tech Startups will enable growth for Manufacturers in 2021

Digital connectivity will be critical to building agility, speed, and scale capabilities as Indian manufacturing enterprises look to get a more significant share of the global value chain in manufacturing.

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