Sugar Prices surged ahead of the festive season and wedding season. The government took various measures such as imposing restrictions on the sugar export in order to control rising sugar prices. During the festive season, the government is not expecting any sharp increase in any food-related items. We expect that the measured will not hit ethanol blending as the government is focused and committed to 20% ethanol blending by 2025."
India Business News: After laptops, PCs and tablets were put on the 'restricted list' necessitating licensing or approval for imports, the government on Thursday unveiled
After laptops, PCs and tablets were put on the restricted list necessitating licensing or approval for imports, the government on Thursday unveiled a new regime to permit shipments of these items in a "matter of minutes" through an online mechanism, as it sought to push global giants to manufacture in India. Though there is no move to restrict imports from any country, the decision is expected to impact Chinese imports the most as nearly 60% of the products come from the neighbouring country.
Laptop Imports: The Indian government has reportedly decided to cancel plans to impose licensing requirements on the import of IT hardware products such as laptops and tablets. Instead, the government will regulate inbound shipments through an import management system, with no immediate restrictions on imports. After six to eight months, an import authorisation mechanism will be put in place to grant quotas to firms importing IT hardware.
The meeting discussed proposed changes, like linking the import of IT hardware to the local manufacturing of a company value and its export value of electronic items, according to sources.