Parliamentary Standing Committee on Commerce for FTA renegotiation with Japan, Korea, Asean
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“India’s concession to the ASEAN has been far in excess than concessions granted to India,” it said and suggested periodic compliance assessment to be carried out for Rules of Origin to arrest market access at concessional tariffs for non-FTA countries besides mandatory domestic content labelling requirement across the value chain.
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For the electronics sector, it asked the government to provide protection to the domestic industry till the time it is competent enough to compete with global manufacturers.
NEW DELHI: The Parliamentary Standing Committee on Commerce on Wednesday suggested renegotiation India’s Free Trade Agreements with ASEAN, Japan and South Korea to ensure reciprocity in steel sector. Until this is carried out, concessional tariffs with these countries should be suspended, it said.
Parliamentary panel suggests Franchise Protection Act for auto dealers: FADA
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Last Updated: Dec 22, 2020, 03:26 PM IST
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The Federation of Automobile Dealers Associations (FADA), which represents around 15,000 auto dealers across the country, in September advocated for the enactment of such a law in the country, after American cult bike manufacturer Harley Davidson announced its exit from India.
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Mumbai: A parliamentary panel headed by Rajya Sabha MP K Keshava Rao has recommended that the government should enact the Franchise Protection Act for automobile dealers in the country, industry body FADA said on Friday. It said that a fair competition Franchise Act will not only be a win-win for both the auto original equipment manufacturers (OEMs) and dealers, but will also be beneficial to customers in the long run, it said.
FADA bats for Franchise Protection Act suggested by Parliamentary panel
PTI
Mumbai |
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× A parliamentary panel headed by Rajya Sabha MP K Keshava Rao has recommended that the government should enact the Franchise Protection Act for automobile dealers, industry body FADA said on Friday. It said that a “fair competition Franchise Act” will not only be a win-win for both the auto original equipment manufacturers and dealers, but will also benefit customers in the long run.
The Federation of Automobile Dealers Associations, which represents around 15,000 auto dealers across the country, in September advocated the enactment of such a law, after American cult bike manufacturer Harley Davidson announced its exit from India.
Auto industry lost Rs 2,300 crore per day due to COVID-19 lockdown: Parliamentary panel
The Parliamentary Standing Committee On Commerce, chaired by Telangana Rashtra Samithi (TRS) MP Keshav Rao, has also suggested a slew of measures for attracting investment in the automotive sector in the country
PTI | December 16, 2020 | Updated 11:06 IST
The standing committee further said the actual magnitude of the impact depends on the duration of lockdown period, the intensity and extent of spread of the COVID-19 outbreak.
In the wake of the COVID-19 pandemic and subsequent lockdowns, the automotive industry suffered Rs 2,300 loss crore per day and an estimated job loss in the sector was about 3.45 lakh, according to a parliamentary panel report submitted to Rajya Sabha Chairman M Venkaiah Naidu on Tuesday.
Updated Dec 16, 2020 | 06:07 IST
The Parliamentary Standing Committee On Commerce has suggested a slew of measures for attracting investment in the automotive sector in the country, including overhauling of prevalent land and labour laws. Lockdown impact: Automotive industry suffered Rs 2,300 crore loss per day, says parliamentary panel | Photo Credit: BCCL
New Delhi: In the wake of the COVID-19 pandemic and subsequent lockdowns, the automotive industry suffered Rs 2,300 loss crore per day and an estimated job loss in the sector was about 3.45 lakh, according to a parliamentary panel report submitted to Rajya Sabha Chairman M Venkaiah Naidu on Tuesday.
The Parliamentary Standing Committee On Commerce, chaired by Telangana Rashtra Samithi (TRS) MP Keshav Rao, has also suggested a slew of measures for attracting investment in the automotive sector in the country, including overhauling of prevalent land and labour laws.