Companies could dent growth in the Worlds Largest economy. Still, the us president backed the striking workers call for a 40 pay raise, telling them they deserve a lot more than they are getting. You deserve the significant raise you need, and other benefits. Get back what we lost, 0k7 its about time they step up for us. Wall street didnt build the country. The middle class built the country. Unions built the middle class. Thats a fact so lets keep going. You deserve what youve earned, and youve earned a hell of a lot more than youre getting paid now. Thank you very much. Now, the Biden Administration has also been taking aim at the us tech sector. The competition regulator, the federal trade commission, has filed a lawsuit against amazon accusing it of protecting its Market Dominance in Online Retail at the expense of consumers and third 7 party sellers. Our north American Business correspondent erin delmore has its a case that has been in the works for years under the watchful eye of
Electronics Import Curbs In India: The government will evaluate import data in September to decide on the existing import management system for IT hardware products. The system, implemented in October last year, requires importers to seek authorization from the government to monitor shipments of laptops and tablets. The current authorizations will be valid until September 2024, and further steps will be based on import data.
Laptop Imports: On November 1, 2023, the government cleared 110 of the total 111 applications, including those of Apple, Dell and Lenovo, which sought permission for imports of these IT hardware products worth nearly USD 10 billion, on the first day of implementation of the new system.
The government will evaluate import data in September to decide on the existing import management system for IT hardware products. The system, implemented in October last year, requires importers to seek authorization from the government to monitor shipments of laptops and tablets. The current authorizations will be valid until September 2024, and further steps will be based on import data.
Laptop Imports: The issue related to India s import requirements was flagged by US trade representative Katherine Tai during the TPF meeting here. It was co-chaired from the Indian side by commerce and industry minister Piyush Goyal. He informed the US that the measure was taken on the ground of national security concerns.