Manufacturing 2017

Discounting note ban GDP seen 7.1% in FY18; can govt base budget on these numbers?

The numbers in this budget will certainly be interesting to watch

Budget 2017: Steel Min seeks import duty reduction on coking coal, nickel

While the import duty on nickel is five percent, in the case of coking coal, it is 2.5 percent now.

Engineering exporters eyeing stimulus package in budget

In a representation submitted to Finance Ministry, engineering exporters' body EEPC India has suggested that exemption be provided under the Income Tax in respect of the profits derived by exporters on transfer of all types of incentive scrips such as those under Merchandise Exports under India Scheme (MEIS) and Service Exports under India Scheme.

Govt may announce package for leather sector in budget

The commerce and industry ministry has asked its finance counterpart to give financial assistance for the Indian Leather Development Programme (ILDP) and for setting up of mega leather clusters in the country, an official said.

Budget 2017: Auto component body seeks weighted deduction of 200% on R&D expenses to be restored

The Automotive Component Manufacturers Association (ACMA) also emphasised to keep auto components at 18 percent tax rate bracket in the upcoming GST

Hike import duty on flat products: Stainless steel industry

India's mfg sector growth hits nearly 2-year high in Oct: PMI

Manufacturing sector growth in India hit a 22-month high in October, driven by a sharp and accelerated increase in new orders, purchasing activity and output, a monthly survey showed today.

Demonetisation: Manufacturing activity cools in November on cash crunch, shows PMI

The new orders sub index that measures both foreign and domestic demand was knocked down to 53.3 from 57.7 in October

Demonetisation impact: Manufacturing PMI contracts in December after cash ban

Survey participants widely blamed the withdrawal of high-value rupee notes for the downturn as cash shortage in the economy reportedly resulted in fewer levels of new orders.

Demonetisation impact: Three sets of numbers tell us how Modi’s gamble has slowed the economy

Whether the government liked it or not, the onus of this round of economic slowdown lies completely with the government which miserably failed to plan the implementation of a massively disruptive reform exercise.