The salient features of tariff structure presently applicable to Electronics Hardware Industry in India are as under:
- Peak rate of Basic Customs Duty (BCD) is 10%.
- BCD on 217 tariff lines covered under the Information Technology Agreement (ITA) of WTO is 0%.
- All goods required in the manufacture of ITA items are exempted from BCD subject to actual user condition. Special Additional duty of Customs (SAD) has been reduced from 4% to Nil for all goods except populated PCBs, falling under any Chapter of the Customs Tariff, for use in manufacture of ITA bound goods vide Notification No. 11/2015-Customs dated 01.03.2015.
- BCD on specified raw materials / inputs used for manufacture of electronic components and optical fibres and cables is 0%.
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- To promote indigenous manufacturing of Mobile Handsets:
- Parts, components and accessories for the manufacture of mobile handsets; sub-parts for the manufacture of such parts and components are exempted from BCD and Excise Duty.
- Differential Excise Duty dispensation is available to Mobile Handsets i.e. Countervailing Duty (CVD) @12.5% and Excise Duty @1% without CENVAT credit or 12.5% with CENVAT credit.
By 60th day the US and India were enjoying a shared symphony for MTCR and NSG both of which are now in our bag (well more or less). And all due to our allies - the US of A.The panel disagreed, arguing that the Article XX (j) justification refers to the situation where the quantities of such good from all available supply sources, both foreign and domestic, fail to meet demand in the relevant geographical area or market in question, which can range from being a region within one country to a shortage of global scale.
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six alternative measures identified by the United States, such as removing trade barriers or stockpiling such goods, would contribute to meeting India’s objective, and desired level of protection, relative to any contribution being made by the domestic content requirements.
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Noting Indian Prime Minister Narendra Modi’s goals to significantly scale up the country’s solar sector in the coming years, with set goals and timeframes, Sen noted that fulfilling such an endeavour would involve over US$100 billion in new investment, requiring both domestic and foreign efforts.
Next steps
Both sides have 60 days from when the report was circulated to appeal the panel's findings. Under WTO rules, the Appellate Body can review aspects of law – such as legal interpretation – but generally will not interfere with the factual findings of the original panel.
It is all OK but very general in nature. If you can specify some very specific measures than it will be very fine.@HariPrasad-1
industrialization , globalization is good but to the extent it benefits us, we must integrate our economy with the global ecomony and at the same time we must isolate our economy from the ill effects of global economic shenanigans.
we must have a fine balance between the two
the key to it is the economic upliftment of villages since soul of india is in villages
i am not a economics expert
what i know is from what i have experienced in my travels and heard from others.
i will share a experience of mine
years ago i was a in-charge of rural electrification project in an Indian state .
i had around 250 villages under me
the village/rural people were helpful most of the time if u choose to ignore village to village rivalries , family to family rivalries and other such similar situations.
the most disappointing and appalling factor which opened my eyes was the nature of the so called educated people.
a village head men who was the head master of the school in the village and by far the most educated person there was the reason behind stalling of electrification work in that village , that village was without any electricity right from the time of independence and how much i told them that if they did not get connect to the grid they will be without electricity for the next 60 years.
the bone of contention was the head master wanted the high tension 11kv lines to pass right though the middle of the village right next to his home so that someday he could set up a welding shop without any difficulty.
when we told him that was out of question due to safety reasons and against laid down rules , he started to black mail us saying he will not allow work to start if his demands are not meet.
unfortunately the village was left out and 2 months later i resigned due to political interference etc so i dont know whether the village got connected to the grid or not.
more than often i have come across so called educated people and people in power who think themselves above others and pose hindrance to the good work of other people .
we have got to change the mind set of the people first
we must tell education is a good thing
but also tell them the most important thing is the way you utilize your education without any prejudice and with humility .
and that only then your education is worth it otherwise it is just a piece of toilet paper.
now lets get to the main topic
one must think small, start small and let your efforts do the big talking (since my emphasis is on grass root level where big finances, big markets etc are initial problems )
for that you will need
1.access to information/people who can help them
2.access to finances
3.access to human resources
4.access to markets
1.access to information : this is the main problem , people especially from rural areas don't know where to go for information about government/non governmental schemes , ideas etc .
problem is not about connectivity but rather finding the right pool of information relevant to the needs of the concerned people.
also the people face problems getting info/help from the people in charge of providing the said help .
take the example of the agricultural universities , the graduates coming out of these universities are totally disconnected from the real life problems faced in the Indian agricultural sectors.
reason being they know the theoretical aspect but lack the practical aspect and also most are insensitive to the poor people/villagers problems
a simple solution would be to implement 2 years to study the theoretical aspect in the universities itself and then the next 2 years in villages to implement their knowledge.
their time spent with the poor villagers etc will help to see the difficulties faced by the villagers in a real way and in turn help them to connect with them emotionally which will further motivate them in their professional lives later on.
2..access to finances
my experiences in rural sector tells me self help is the best help, once you can fund your projects even ten percent , it increases the confidence of the stakeholders in a big way and then once ur project gets going financial help from external institutions are easy to get but still many hurdles have to be faced main bureaucratic and mindset related.
3.access to human resources (internal/external)
believe me getting people together in a village for anything is a headache.
the solution is to involve women folk , more than often women will succeed to bring together the warring factors together.
when ever i used to run into problems during the electrification work in villages i would scout for women folks and put forward my views before them and then 99% of the times things would work out .
benefit of being a ladies man LOLzzz
on serious note no of small scale industries where women can involve themselves is mind boggling and will help to increase the family income levels manifold.
external human resource is another sad story.
Indian education mainly agricultural civil works etc is totally disconnected from the rural sector the people are more interested in government jobs or urban posting . i blame the education sector for it.
if students are made to intern in rural areas and villages they will connect and identify themselves with the problems faced by the communities and will be motivated to work for their and others upliftment.
4.access to markets(local/external)
1.railway freight system has to be revamped drastically
2.middle men category has to be sanitized about the benefits of mutual all around growth of all the sections of the the society.
3.taxation and inter state movement of goods has to be revamped
etc
4.digitization of marketing so that a startup in a rural area can market their goods anywhere in the country and in the world
eliminating poverty and becoming rich are two contradictory things
i believe in self satisfaction and self dependence and self independence in finance
village and rural people need to become self satisfied and self dependent and self independent first.
let us do this in a dharmic way
while the urban India can go with industrialization in parallel
i am proposing two engines of growth which will back up each other and provide India with a strong economic redundancy in-case of global meltdown.
the urban India - industrialization
the rural India - agriculture and small scale industries
MAKE IN INDIA can can easily be modified to MAKE AND DEVELOP IN INDIA
and lastly i am no intellectual like baki dutt, arudhathi roy etc just a ordinary citizen who wrote from his experiences so please feel to disagree with me
Set-up a number of industries. Increase exports all over the world. That will give us the kind of growth that Germany received.
The world war 2 had destroyed entire cities & industries of germany. They had to be re-built. The Marshall Plan was introduced wherein entire cities & industries were re-built on the allied power's money. This happened because of cold war. Industries needed to be re-built and production needed to be increased for the "inevitable" war with Russia. It turned out to be a cold war though.Please elaborate..................
Oh, if you want to help the economy with electricity, I can't think of a better option than geothermal energy. Set-up geothermal power plants across India. You won't need any kind of fuel, uranium, water in measures of a dam, solar panels or wind. Just geothermal heat. This energy is always replenishing and can never be exhausted, no matter how much you extract it as it gets replenished every day by the sun.An another area of focus should be electricity savings. Which includes,
1) Power saving devices such as Power factor correction devices
2) Low electricity consumption devices such as LED lamps and inverters etc.
There are many areas where the proper device makes a big difference. An invertor A/C can reduce electricity consumption by half and LED bulb can reduce electricity consumption by 1/3 to even 1/10th. This is big gain. As modi said, government is planning to save 20000 MW electricity by applying electric bulbs. To produce 20000 MW electricity, an investment of Rs 100000 crore is required and there will be an additional cost of at least Rs 3 every KW. This will reveal the power of saving the electricity. Bloody we can save tens of thousands of crore Rs by simply using LED bulbs. Economic cost of that is even more. To produce every unit of electricity, 3000 liter of water is required. This means 3000*20000 liter of water per Hour. it is 60000000 liter of water every hour and 1440000000 liter per day. Out of which 1500 village can be provided water every day. We can reduce carbon dioxide emission by 7 lakh tons every day. This are big big gains.
By applying power factor correction devices, we can save atleast 10% electricity at home. This is equally important. and economic benefits of these are much more than the financial benefits we receive. We have a very good chance of savings 30000 MW And that is equal to generating 45000 MW (Considering transmission looses and auxiliary consumption) of electricity which will require around 250000 crore of investment and and 50000 crore rupees of fuel every year. These are big big amounts. Only taking corrective steps in electricity savings may turn us into electricity surplus state. Our fiscal deficit shall down by a very big amount. Look how much big difference can some small steps can make. This single step has a potential to transform India.
Where in other parts of worlds these Geothermal plants are located? Are they economically viable?Oh, if you want to help the economy with electricity, I can't think of a better option than geothermal energy. Set-up geothermal power plants across India. You won't need any kind of fuel, uranium, water in measures of a dam, solar panels or wind. Just geothermal heat. This energy is always replenishing and can never be exhausted, no matter how much you extract it as it gets replenished every day by the sun.
There is just one time set-up cost along with maintenance. You don't need other manufactured technology like solar panels. Expensive imports like nuclear fuel which has the head ache of nuclear waste disposal. And since this energy is free, you are completely independent of the world trade powers.
Not only it is very cheap, but also clean. I have a really hard time thinking about why India is not investing as much as they should in this when countries like Iceland (which of course is a far colder country) are investing and generating electricity through this.
There are many but a few major players I can think of are USA, Iceland, Italy, Philippines, Mexico, Indonesia etc. These countries generate hundreds of MW of power per plant. Given India's infrastructure and current drive for clean energy, we can easily set up plants that can produce thousands of MW of energy.Where in other parts of worlds these Geothermal plants are located? Are they economically viable?