Pre Budget 2021 Expectation: From tax rebate to bigger sops for businesses, here s what s expected from FM Sitharaman
The Budget session of Parliament began on January 29 with the address of President Ram Nath Kovind to the joint sitting of both the Houses. The Budget session of Parliament would conclude on April 8. The Houses will adjourn on February 15 and meet again on March 8.
By Reema Sharma | Last Updated: Monday, February 1, 2021 - 09:44
Union Budget 2021: Manufacturing sector expects tax reforms, support for expansion of distribution, supply chain As India moves ahead on its growth trajectory, with partial recovery from COVID-19, a strong impetus in manufacturing through the Union Budget 2021 is crucial FP Staff January 31, 2021 20:48:22 IST Representational image.
In its December
State of the Economy report, the Reserve Bank of India (RBI) revealed that the nation is emerging from the economic slump much faster than anticipated. As India moves ahead on its growth trajectory, with partial recovery from COVID-19 , a strong impetus in manufacturing through the Union Budget-2021 is crucial, say major players in the sector.
Budget21-22 must set aside threat for India becoming dumping ground for global Al scrap
By IANS |
Published on
Wed, Jan 27 2021 14:03 IST |
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Union Finance and Corporate Affairs Minister Nirmala Sitharaman presents the Union Budget 2019 in the Lok Sabha, on July 5, 2019. (Photo: IANS/LSTV). Image Source: IANS News
New Delhi, Jan 27 : India has been caught in a pincer by a torrent of cheap inflow of aluminum and scrap imports majorly from China as well as the United States.
In FY20, there has been a 327 per cent increase in the imports of aluminium scrap from US into India compared to the levels in FY15.
India becoming dumping ground for aluminum scrap, especially from China, US
IANS
1
India has been caught in a pincer by a torrent of cheap inflow of aluminum and scrap imports majorly from China as well as the United States.
In FY20, there has been a 327 per cent increase in the imports of aluminium scrap from US into India compared to the levels in FY15.
India has overtaken China as the world s largest importer of aluminum scrap, and the country has been adversely impacted due to recent global developments and US-China trade war further fuelled by China s National Sword Policy measures to cut Scrap Imports substantially with stringent scrap standards and inclusion in restricted list of imports, government quota for import, and 25 per cent tariffs aluminium Scrap imports from USA.
Budget 2021: Aluminium industries look forward to supportive measures
India
Published: Thursday, January 21, 2021, 12:11 [IST]
New Delhi, Jan 21: The aluminium industry has urged the government to increase the basic custom duty on primary aluminium and aluminium scrap to 10 per cent, eliminate the cess on coal among others as the sector is going through a challenging phase and is under immense threat by rising imports.
Representational Image
In a representation to the government ahead of the Union Budget for 2021-22, the Aluminium Association of India said, The Indian aluminium industry seeks immediate government support to tide over this challenging phase and look forward for supportive measures in the forthcoming Union Budget 2021-22.