Nirmala Sitharaman On Imports
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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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Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
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In Union Budget 2024, Good News For Those Looking To Buy Gold
Finance Minister Nirmala Sitharaman today announced a reduction in import duties on gold to 6% from 15%, a move spelling good news for those looking to buy the yellow metal. The customs duty on silver has also been slashed.
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"Tomatoes From Nepal": Nirmala Sitharaman On Bringing Down Prices
Nirmala Sitharaman also said that the government is importing pulses and other edible items from various countries.
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India's Inputs Important to Formulate Global Policy on Cryptocurrencies: FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Tuesday said various issues surrounding cryptocurrencies were discussed at a key G20 meeting here and India's inputs will play an important role in formulating a comprehensive global policy for the new-age assets.
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India Could See Increase in Manufacturing of iPhones, Other Premium Phones After Tax Cuts on Imported Parts
After the government eliminated import tariffs on parts used to assemble high-end phones, India could now manufacture more premium smartphones, a tax official said. Indian mobile phone exports nearly doubled year-on-year to $5 billion between April-October in 2022, primarily supported by the government's key scheme to offer incentives to local manu...
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Budget 2023: Extend Camera Lens Duty Concession to Other Electronic Segments ELCINA Says
Electronic components industry body ELCINA on Thursday asked the government to extend the duty concession on camera lenses and their components to all other electronic product segments that use camera modules. The government has also reduced customs duty on parts of open cells of TV panels from 5 percent to 2.5 percent.
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Budget 2023: TVs Made in India to Get Cheaper by Up to Rs. 3,000 After Tax Cuts on Imported Parts
Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000
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Budget 2023: Fully Imported Cars, Including EVs, to Cost More After 10 Percent Customs Duty Hike
Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. The Finance Minister also noted that replacing old polluting vehicles is an important part of "greening the country's economy".
-
Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs
During her speech presenting the Union budget for 2023-24, Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Sitharaman also announced that customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
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Budget 2023: Fully Imported Cars, Including EVs, To Cost More
Prices of imported vehicles with invoice value less than $40,000 are expected to go up by around 2 per cent with Finance Minister NIrmala Sitharaman proposing to increase customs duty on such vehicles from 60 per cent to 70 per cent in the Union Budget 2023-24.
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Centre To Cut Import Duty On Raw Materials For Lab-Grown Diamonds
The government on Wednesday proposed a cut in import duty on seeds used to make lab-grown diamonds with a view to boosting domestic manufacturing.
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India to Develop Standard Operating Procedures for Crypto During Upcoming G20 Presidency, Finance Minister Says
India is looking to work with the other 19 member nations of the G20 in formulating a framework around cryptocurrencies, that would work on an international level. Finance Minister Nirmala Sitharaman revealed India’s plans of prioritising crypto laws among other important agendas that will be extended for discussion to the G20 member nations.
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5G Technology in India Is Completely Indigenous, Finance Minister Nirmala Sitharaman Says
5G technology in India is completely indigenous and is not imported from another country, Finance Minister Nirmala Sitharaman said on Thursday. The country can now provide 5G technology to other countries that want it, she added. The minister's comments come weeks after Prime Minister Narendra Modi announced the launch of 5G services in the country...
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From 2% To 13%, Nirmala Sitharaman Explains India's Russian Oil Import
The share of Russian oil in India's overall oil import basket increased from 2 per cent to 13 per cent in a couple of months after the beginning of the Russia-Ukraine war, which led to a spike in energy prices globally, Union Finance Minister Nirmala Sitharaman said on Thursday.
-
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.
-
Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
-
In Union Budget 2024, Good News For Those Looking To Buy Gold
Finance Minister Nirmala Sitharaman today announced a reduction in import duties on gold to 6% from 15%, a move spelling good news for those looking to buy the yellow metal. The customs duty on silver has also been slashed.
-
"Tomatoes From Nepal": Nirmala Sitharaman On Bringing Down Prices
Nirmala Sitharaman also said that the government is importing pulses and other edible items from various countries.
-
India's Inputs Important to Formulate Global Policy on Cryptocurrencies: FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Tuesday said various issues surrounding cryptocurrencies were discussed at a key G20 meeting here and India's inputs will play an important role in formulating a comprehensive global policy for the new-age assets.
-
India Could See Increase in Manufacturing of iPhones, Other Premium Phones After Tax Cuts on Imported Parts
After the government eliminated import tariffs on parts used to assemble high-end phones, India could now manufacture more premium smartphones, a tax official said. Indian mobile phone exports nearly doubled year-on-year to $5 billion between April-October in 2022, primarily supported by the government's key scheme to offer incentives to local manu...
-
Budget 2023: Extend Camera Lens Duty Concession to Other Electronic Segments ELCINA Says
Electronic components industry body ELCINA on Thursday asked the government to extend the duty concession on camera lenses and their components to all other electronic product segments that use camera modules. The government has also reduced customs duty on parts of open cells of TV panels from 5 percent to 2.5 percent.
-
Budget 2023: TVs Made in India to Get Cheaper by Up to Rs. 3,000 After Tax Cuts on Imported Parts
Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000
-
Budget 2023: Fully Imported Cars, Including EVs, to Cost More After 10 Percent Customs Duty Hike
Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. The Finance Minister also noted that replacing old polluting vehicles is an important part of "greening the country's economy".
-
Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs
During her speech presenting the Union budget for 2023-24, Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Sitharaman also announced that customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
-
Budget 2023: Fully Imported Cars, Including EVs, To Cost More
Prices of imported vehicles with invoice value less than $40,000 are expected to go up by around 2 per cent with Finance Minister NIrmala Sitharaman proposing to increase customs duty on such vehicles from 60 per cent to 70 per cent in the Union Budget 2023-24.
-
Centre To Cut Import Duty On Raw Materials For Lab-Grown Diamonds
The government on Wednesday proposed a cut in import duty on seeds used to make lab-grown diamonds with a view to boosting domestic manufacturing.
-
India to Develop Standard Operating Procedures for Crypto During Upcoming G20 Presidency, Finance Minister Says
India is looking to work with the other 19 member nations of the G20 in formulating a framework around cryptocurrencies, that would work on an international level. Finance Minister Nirmala Sitharaman revealed India’s plans of prioritising crypto laws among other important agendas that will be extended for discussion to the G20 member nations.
-
5G Technology in India Is Completely Indigenous, Finance Minister Nirmala Sitharaman Says
5G technology in India is completely indigenous and is not imported from another country, Finance Minister Nirmala Sitharaman said on Thursday. The country can now provide 5G technology to other countries that want it, she added. The minister's comments come weeks after Prime Minister Narendra Modi announced the launch of 5G services in the country...
-
From 2% To 13%, Nirmala Sitharaman Explains India's Russian Oil Import
The share of Russian oil in India's overall oil import basket increased from 2 per cent to 13 per cent in a couple of months after the beginning of the Russia-Ukraine war, which led to a spike in energy prices globally, Union Finance Minister Nirmala Sitharaman said on Thursday.
