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Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
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Indian Government to Offer Up to $5 Billion in Incentives for Electronics Production, Weaning Off China
India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
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Elon Musk Meets Chinese Finance Minister in Beijing
Tesla's Elon Musk met China's foreign minister Qin Gang in Beijing on Tuesday, the Chinese ministry said in a statement.
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Government, SEBI To Decide On Relaxing LIC's Minimum Public Holding Norm
The Finance Ministry will discuss with market regulator SEBI to exempt LIC from the minimum public shareholding norm
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Xi Jinping's "All-Out" China Infrastructure Plan Has A Problem: Coal
China will slash coal import tariffs to ensure energy security, the finance ministry said Thursday, the latest move to cast doubt on the country's environmental promises.
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Huawei Said to Be Accused of Tax Evasion in India
An Indian tax investigation on China's Huawei has found that the telecom equipment maker manipulated account books to reduce its taxable income in the country, an Indian government source said.
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China To Cut New Energy Vehicle Subsidies By 30% In 2022
China will cut its subsidies on new energy vehicles (NEV), such as electric cars, by 30% next year, the Finance Ministry said on Friday.
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Government Imposes Anti-Dumping Duty on Select Chinese Goods For 5 Years
Government has imposed anti-dumping duties on five Chinese products for five years as a measure to insulate local manufacturers from cheaper imports
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Covid-Linked Supply From China Allowed As States Look For Vaccines Abroad
he cut-off date for import of Covid-related supplies from China -- which had ended on March 31 - has been extended, finance ministry sources told NDTV today .
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PM Modi, President Biden Meet At Quad Summit With Japan, Australia
Prime Minister Narendra Modi, US President Joe Biden, Australian Prime Minister Scott Morrison and Japanese Prime Minister Yoshihide Suga came together this evening in a virtual meeting of the leaders of the "Quad" group of nations. The first summit - seen as part of efforts to balance China's growing military and economic power - will focus on a "...
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China Military Budget To Grow 6.8% In 2021
China's military budget -- the second largest in the world after the US -- is set to increase by 6.8 per cent in 2021, the finance ministry announced Friday.
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China Backs Global COVAX Vaccine Facility To Fight COVID-19
China's foreign ministry said on Friday the country has formally joined the global COVID-19 vaccine initiative known as COVAX, becoming the biggest economy to date to pledge support to help finance doses for low and middle-income countries.
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India To Offer Big Tax Holidays To Win New Investments: Report
The trade ministry has identified top 50 industry clusters to upgrade their existing infrastructure, testing labs and research and development facilities.
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"Chennai Connect Starts New Chapter In Our Ties": PM Modi At Meet With Xi - 10 Points
India and China have decided to start a new chapter in their cooperation with the "Chennai Connect", Prime Minister Narendra Modi said on Saturday after a second round of informal talks with Chinese President Xi Jinping. The Chinese President invited him for another round of talks in China and said the future leaders of both nations should carry fo...
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Super Rich Tax Rate Still Lower Than In US, China: Finance Ministry
Justifying the raising of tax incidence on super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super rich to pay extra tax.
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Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
-
Indian Government to Offer Up to $5 Billion in Incentives for Electronics Production, Weaning Off China
India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
-
Elon Musk Meets Chinese Finance Minister in Beijing
Tesla's Elon Musk met China's foreign minister Qin Gang in Beijing on Tuesday, the Chinese ministry said in a statement.
-
Government, SEBI To Decide On Relaxing LIC's Minimum Public Holding Norm
The Finance Ministry will discuss with market regulator SEBI to exempt LIC from the minimum public shareholding norm
-
Xi Jinping's "All-Out" China Infrastructure Plan Has A Problem: Coal
China will slash coal import tariffs to ensure energy security, the finance ministry said Thursday, the latest move to cast doubt on the country's environmental promises.
-
Huawei Said to Be Accused of Tax Evasion in India
An Indian tax investigation on China's Huawei has found that the telecom equipment maker manipulated account books to reduce its taxable income in the country, an Indian government source said.
-
China To Cut New Energy Vehicle Subsidies By 30% In 2022
China will cut its subsidies on new energy vehicles (NEV), such as electric cars, by 30% next year, the Finance Ministry said on Friday.
-
Government Imposes Anti-Dumping Duty on Select Chinese Goods For 5 Years
Government has imposed anti-dumping duties on five Chinese products for five years as a measure to insulate local manufacturers from cheaper imports
-
Covid-Linked Supply From China Allowed As States Look For Vaccines Abroad
he cut-off date for import of Covid-related supplies from China -- which had ended on March 31 - has been extended, finance ministry sources told NDTV today .
-
PM Modi, President Biden Meet At Quad Summit With Japan, Australia
Prime Minister Narendra Modi, US President Joe Biden, Australian Prime Minister Scott Morrison and Japanese Prime Minister Yoshihide Suga came together this evening in a virtual meeting of the leaders of the "Quad" group of nations. The first summit - seen as part of efforts to balance China's growing military and economic power - will focus on a "...
-
China Military Budget To Grow 6.8% In 2021
China's military budget -- the second largest in the world after the US -- is set to increase by 6.8 per cent in 2021, the finance ministry announced Friday.
-
China Backs Global COVAX Vaccine Facility To Fight COVID-19
China's foreign ministry said on Friday the country has formally joined the global COVID-19 vaccine initiative known as COVAX, becoming the biggest economy to date to pledge support to help finance doses for low and middle-income countries.
-
India To Offer Big Tax Holidays To Win New Investments: Report
The trade ministry has identified top 50 industry clusters to upgrade their existing infrastructure, testing labs and research and development facilities.
-
"Chennai Connect Starts New Chapter In Our Ties": PM Modi At Meet With Xi - 10 Points
India and China have decided to start a new chapter in their cooperation with the "Chennai Connect", Prime Minister Narendra Modi said on Saturday after a second round of informal talks with Chinese President Xi Jinping. The Chinese President invited him for another round of talks in China and said the future leaders of both nations should carry fo...
-
Super Rich Tax Rate Still Lower Than In US, China: Finance Ministry
Justifying the raising of tax incidence on super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super rich to pay extra tax.
