Govt had announced in August that imports of laptops, PCs, tablets etc would require a licence. This has now been tweaked, but these items remain in 'restricted' category.
During April-July, China was the second-biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year earlier.
Unless India lines up a ‘Plan B’ before Modi govt can nix the model it has come to depend on, the unimpactful attempts to hurt China economically will continue.
In a letter to Union health minister, Association of Indian Medical Device Industry had said move would 'increase risk of importing contaminated products & hurt their interests'.
The Centre issued a notification Thursday imposing with 'immediate effect' a licencing requirement for the import of IT hardware to curb dependence and boost domestic manufacturing.
Reliance recently launched the JioBook, which costs less than Rs 20,000 and is made in China. If Reliance needs to import even half a million units of this device, it will now require a licence.
China accounted for 58% of inflow of 7 items imports of which are now restricted. Move could've been prompted by 'genuine apprehension of a future security risk’, it is learnt.
UN experts and rights groups estimate that over a million people, mainly Uyghurs and Muslim minorities, have been detained in camps & subjected to ideological training and abuse.
According to the govt's first preliminary estimates released mid-May, April services exports stood at $30.36 billion, while services imports totalled $16.50 billion.
India’s foreign policy today is driven less by Western alignment or global liberalism and more by domestic political imperatives — economic, ideological, and electoral.
Electronics—specifically smartphones—& energy & pharma products make up 30% of Indian exports to US. 25% tariff on India came into effect Thursday, extra 25% to kick in by August-end.
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