The Standing Committee on Labour, Textiles, and Skill Development proposed an umbrella policy for the cotton sector and comprehensive measures for reviving closed jute mills or establishing new ones. It suggested exploring alternative markets for silk exports beyond UAE, US, and EU to offset potential export value declines. The committee advised incentivizing cotton farmers instead of scrapping import duties and urged a comprehensive study on cotton production issues. Additionally, it urged expediting the National Textile Policy formulation.
Move expected to lift some cost pressures on local firms, experts say, but add that the reduction in final price of the phones may not be very significant
The import duties on mechanical and plastic input parts, including the likes of SIM sockets, battery covers, main covers, screws and GSM antennae, have been slashed from 15 per cent to a more competitive 10 per cent, , central government, indian government, import duties, manufacturing
The European Commission has officially proposed to extend the suspension of import quotas and duties on Ukrainian exports to the EU for another year, while including safety measures for agricultural products, as demanded by several EU countries.
The European Commission proposed that import duties on Ukrainian exports to the EU should remain suspended until June 2025, though exceptions will apply to certain agricultural products, according to a Jan. 31 announcement.