Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
Two submissions. For a high value product like grain based alcohol – most alcohol in India, including so called whisky and brandy, is made from molasses – unclear why grain that is unfit for human consumption should be used as a raw material. That is bound to have a bearing on the quantity, perhaps also the quality, of the alcohol produced. More importantly, if the distilleries were producing more alcohol than they were disclosing to the state excise authorities, it is not just a statistical or yield variance. There would have been clandestine physical removal of non duty paid alcohol from the distillery premises.
Two submissions. For a high value product like grain based alcohol – most alcohol in India, including so called whisky and brandy, is made from molasses – unclear why grain that is unfit for human consumption should be used as a raw material. That is bound to have a bearing on the quantity, perhaps also the quality, of the alcohol produced. More importantly, if the distilleries were producing more alcohol than they were disclosing to the state excise authorities, it is not just a statistical or yield variance. There would have been clandestine physical removal of non duty paid alcohol from the distillery premises.