Government Bans Duty Free TV Imports from August 26; Says The Move Unrelated To Falling Rupee

Amidst speculations that the government was seriously contemplating to extend its decision to hike import duty of items like Gold, Silver and Platinum to non-essential goods like TVs and refrigerators in order to curb the current account deficit, we first heard that the decision was shelved due to India’s compliance with various international treaties with [...]


Government Is Making Efforts To Fast Track Establishment Of NIELIT Centers In Northeast

The Government of India is making efforts to fast track the process of establishing centres of National Institute of Electronics and Information Technology (NIELIT) in Northeast India. The plan of the Ministry is to establish at least 20 centres in the northeast region [....]

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Jolt To India’s ‘Fab’ Plans: Planning Commission Halts Rs 250 Billion Proposal to set up 2 Fab Units

There may be some more time before India has its Semiconductor Wafer Fabrication (Fab) units, with a potential of creating about 30 million direct & indirect jobs by 2020, as the planning commission has shot down DeitY’s implementation proposal in its current form after Union cabinet had approved the project in principle in 2011. Friday, [...]


Telecom Minister Struggling To Convince Departments On Electronics Chips Manufacturing

The Telecom Minister, Kapil Sibal announced that he is having a hard time in convincing different departments on certain issues including the establishment of an electronic chips manufacturing plant. The responsibility of identifying technology and investors for establishment of chip plant was bestowed on a high level committee headed by Sam Pitroda, advisory to Prime Minister [....]


Hike In Duty For Tech Imports

In order to curb rising import bill, the Indian government is considering to increase the duty on electronic goods and components. Importers will have to pay 5 per cent more on imported electric gear. Presently, they are paying 21 per cent as tax. Duty hike for imports is necessary because of the widening gap in dollar being spent on imports and earnings received from exports [....]


KREEPA Urges The Government To Quickly Implement Solar Policy

At the meeting, the Secretary of the Association asked the government to designate KREEPA as a consultant for its agencies, by giving arbitrary powers in dispute cases with the clients. The Association held the meeting in order to hold discussions regarding the consequences of the ‘solar scam’ on the industry and to find a way out for the market which is worth $2 billion [....]

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Decision On Imposing Solar Duties Due For Next Week

The producers of photovoltaic cells and modules in India, demanded government investigation because they were of the view that competitors from the U.S., China, Taiwan and Malaysia had sold products in India at a cost that was less than the cost offered in the country. In the previous month, they had petitioned for the expansion of the probe to imports from the European Union and Japan [...]

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Now Barter System For Solar Power

Through a new proposal residents will be able to export solar power to the electricity department and in turn balance out their power bill but they will not earn any amount of money by commercial use of the system. According to Santosh Kumar, Conservator of Forest and Wildlife, UT, the system has undergone the stage of experimentation at government buildings in the city [....]


Government Simplifies Land Requirement Norms For SEZ To Woo Investors

SEZs meant exclusively for electronics hardware, agro-based food processing, biotechnology, handicrafts will require minimum area of 10 hectares. The best part is SEZs permit duty-free imports or domestic procurement of goods apart from offering 100 per cent income tax exemption on export income for SEZ units for the first five years [...]


Tamil Nadu Releases Solar Power Tariff

The Tamil Nadu Electricity Regulatory Commission (TNERC) has released solar power tariffs. According to the draft tariffs, solar power producers in the state of Tamil Nadu will receive Rs 5.78 per unit. This is considered to be the lowest in the country.