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Industry Leaders React to FM Nirmala Sitharaman's Budget 2024
5 months ago

Industry Leaders React to FM Nirmala Sitharaman's Budget 2024

Deccan Chronicle  

Hyderabad: Finance Minister Nirmala Sitharaman presented her 7th Budget. The government's commitment to infrastructure development is evident and pivotal for achieving long-term economic growth and prosperity.” Meenu Singhal- Socomec Regional MD, Socomec Greater India “Today’s budget announcement marks a pivotal moment for India with funding focus on 9 priorities including Productivity and resilience in Agriculture, Employment & Skilling, Human Resource …

Education Finance India Healthcare Support Growth Development
Mobile Phones, Electronics To Become Cheaper As FM Announces Major Reduction in Basic Customs Duty
5 months ago

Mobile Phones, Electronics To Become Cheaper As FM Announces Major Reduction in Basic Customs Duty

News 18  

In a significant move aimed at giving a leg up to the domestic electronics industry, Union Finance Minister Nirmala Sitharaman announced a major reduction in customs duty for several key electronic items in the Union Budget 2024-25 on Tuesday. The basic customs duty on mobile phones, mobile printed circuit board assembly, and mobile chargers has been reduced from 20% to …

India Industry Budget Mobile Phones Mobile Manufacturing Duty
Mobile Phones to get cheaper, as FM Nirmala Sitharaman reduces basic customs duty to 15%
5 months ago

Mobile Phones to get cheaper, as FM Nirmala Sitharaman reduces basic customs duty to 15%

Deccan Chronicle  

New Delhi: Finance Minister Nirmala Sitharaman announced a reduction of 15 per cent in the Basic Customs Duty on mobile phones while presenting the Union Budget for the fiscal year 2024-25 in Parliament on Tuesday. Along with mobile phones, the BCD on mobile Printed Circuit Board Assembly, and mobile chargers will be lowered to 15 per cent. In the interest …

Mobile Phones Mobile Phones Nirmala Sitharaman Bcd Basic Customs Duty Sitharaman Reduces
BCD Group partners with ArisUnitern to fast-track real estate projects
1 year, 9 months ago

BCD Group partners with ArisUnitern to fast-track real estate projects

Hindustan Times  

Real estate development and contracting firm BCD Group has joined hands with real estate advisory firm ArisUnitern to provide end-to-end property and management services to developers to fast-track project completions. An aerial view of housing and real estate in Navi Mumbai, BCD Group Managing Director Angad Bedi in a statement said the Indian real estate market has undergone tectonic shifts …

Real Estate Projects Estate Real This Partnership Bcd Group Arisunitern
Centre extends timeline for solar projects’ completion
1 year, 10 months ago

Centre extends timeline for solar projects’ completion

Live Mint  

NEW DELHI: In a bid to provide relief to solar power projects stuck amid a shortage of modules, the Centre has extended the deadline for completion of projects for which bids were finalized before the announcement of the basic customs duty on modules. On 9 March, 2021, the Centre announced that from 1 April, 2022 imported solar PV modules would …

Duty Centre Bcd Solar Projects Modules 9 March
Budget wishlist: ICEA for rationalisation of duties on parts, components of mobile phones, sub-assemblies
1 year, 10 months ago

Budget wishlist: ICEA for rationalisation of duties on parts, components of mobile phones, sub-assemblies

The Hindu  

India Cellular and Electronics Association has batted for rationalisation of duties on parts and components of mobile phones and sub-assemblies, saying some of the smaller tariffs should be done away with, while all inputs duties on ‘mechanics’ should be removed immediately. The 20% customs duty on high-end phones should be continued only with a maximum BCD pegged at ₹4,000 per …

India Industry Budget Mobile Phones Mobile Phones Duties
Solar power firms rush to complete projects before duty hike
3 years, 9 months ago

Solar power firms rush to complete projects before duty hike

Live Mint  

Solar power producers are staring at a sharp escalation in costs of projects under construction if they fail to complete them before the government imposes a basic customs duty on imported solar photovoltaic cells and modules from next year. Power producers will, however, be forced to rush to finish projects within deadlines with imported equipment to keep costs under control …

India Projects Solar Bcd Duty Hike