Friday, 20 May, 2022
TopicManufacturing

Topic: manufacturing

Taskforce under PM, zero paperwork, policy certainty — GoM’s tips to boost manufacturing

The Group of Ministers also recommends building a brand ‘Credible India’ by avoiding arbitrary policy making at central, state and district levels.

Not signing RCEP could be one of Modi’s biggest blunders, ‘atmanirbhar’ an admission of defeat

It’s unrealistic to expect manufacturing to be 25% of India’s GDP by 2030. ‘Atmanirbhar’ concept is Nehruvian, and India’s competitiveness has to be improved.

Costlier manufactured items push WPI inflation to 8-month high of 1.48% in October

This is the highest level Wholesale Price Index-based inflation has hit since February, when it was 2.26%.

Production-Linked Incentives for 10 sectors show Modi govt’s intent, but need to be temporary

PLI scheme focuses on incentivising firms to grow fast, boosting India’s manufacturing & export prospects. But in the long run, sectors need to die and be born.

After Micromax, GOQii answers Modi’s ‘Atmanirbhar’ call, looks to make wearables in India

Fitness tech firm GOQii plans to move manufacturing of its wearables out of China, at a time when Apple & other brands are seeking to make more in India.

Modi govt announces Rs 1.46 lakh crore scheme for 10 sectors, auto sector gets biggest share

The incentives, spread over 5 years, will be provided to sectors like auto, automobile components, textile products, white goods like LED screens, processed food products, among others.

India’s manufacturing PMI surges to a decade high in October

Manufacturers indicated that the ongoing relaxation of Covid-19 restrictions, better market conditions and improved demand helped them to secure new work in October.

iPhone makers to be among winners of Modi govt’s $6.6 billion ‘Make in India’ stimulus plan

iPhone makers Foxconn, Wistron, Pegatron are among the mobile manufacturers expected to be named winners for stimulus after cabinet meeting Wednesday.

Industrial production shrinks by 10.4% in July on low manufacturing output

The Ministry of Statistics and Programme Implementation attributed the decline to a large number of industrial units not operating from the end of March due to the lockdown.

High production costs, compliance burden won’t let India emulate China, says PM’s advisor

PM’s Economic Advisory Council member V. Anantha Nageswaran says whittling away unwanted rules and regulations will be a step towards fixing the problem.

On Camera

YourTurn

Representative image of an ethanol-blended fuel station plug | Wikimedia Commons

Ethanol blended fuel to power vehicles. Will it hurt your car’s engine?

India’s reliance on ethanol blended fuel is only set to increase in the wake of rising crude oil prices. But are we going to adapt in time?
A shopkeeper arranges stock at a grocery store in Bengaluru | Representational image | Bloomberg Photo

Inflation raised monthly expenses of 92% Indian families in last 3 months, finds online survey

A LocalCircles poll found that 70% of respondents felt their monthly household budget increased by 10% while 55% expected expenses to go up by another 10% in the next 3 months.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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