Renu Sud Sinha
Rajni Bector was a BA second-year student at Miranda House in New Delhi when she got married in 1957 into a prominent Ludhiana business family. She was yet to turn 18. Born in Karachi in a family of bureaucrats, her role in her new family was well defined she had no role. Like her mother-in-law, what she was expected to do was to join the ranks of a well-rounded support system. To keep herself busy, she started taking cookery classes, an activity she excelled in and enjoyed. Her mother-in-law could not wrap her head around why a ‘rich Ludhiana wife’ would want to work, so the young daughter-in-law did not touch a rupee of what she earned; all went to charity. Appreciation of her culinary and management skills inspired confidence, and her husband in particular saw business potential in her ‘part-time indulgence’. She had found her role. Today, she is a role model.
Scarcity on high seas hurting India’s exports
The freight rates on several trade routes have gone up beyond 150-200% since March. In some segments such as India-US East Coast, rates have gone up much more than three times.
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Anto T. Joseph
A shortage of shipping containers thanks to China’s quick recovery and Atmanirbharta is pushing up trade costs.
Shipping ministry officials say the government is keen to set up a container manufacturing facility in the country. A high-level meeting was held recently to review its feasibility.
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MUMBAI :
Abraham Tharakan, the chairman of Kochi-based Amalgam Group, is an unhappy man. The promoter of one of India’s largest seafood exporters has seen firsthand how the business to pack shrimp and squid to the US and Chinese markets has been throttled by an unprecedented shortage of shipping containers.
EEPC India hails steel import duty cut
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EEPC India hails steel import duty cut
Mamtha Asokan / Feb 1, 2021, 15:42 IST
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CHENNAI: Engineering Export Promotion Council of India (EEPC India) has lauded the central government for slashing import duty on steel items and revoking anti-dumping duty.
Reacting to Union Budget proposals, EEPC chairman Mahesh Desai thanked Prime Minister Narendra Modi and finance minister Nirmala Sitharaman for slashing customs duty uniformly to 7.5% on key iron and steel items, along with customs duty exemption on steel scrap up to the next financial year.
The finance minister said, “MSMEs and other user industries have been severely hit by a recent sharp rise in iron and steel prices. Therefore, we are reducing customs duty uniformly to 7.5% on semis, flat, and long products of non-alloy, alloy, and stainless steels.”