Imports

GST Council took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions and clarifications on connected issues.

An increasing number of companies are interested in establishing and gaining access to respective markets in India, Belgium and Luxembourg as well as signing of MoUs among the three countries for cooperation in multiple fields of mutual interest.

A Rs.13,000 crore coal gasification plant to produce urea is being restarted by using technology from Air Products of the United States, the success of which will also reopen four other fertilizer plants.

The Government is committed to work towards achieving a US$26 billion Defence industry by 2025, Defence Minister Rajnath Singh said on 17 Sept 2019 in Delhi.

The Steel Import Monitoring System (SIMS), launched in New Delhi 16 Sept 2019, will provide advance information about steel imports to Government and stake holders including, steel industry (producers), steel consumers (importers).

Switzerland-India partnership is a special one with economic engagement driven by innovation, science and technology, President Ram Nath Kovind said at a business roundtable on the two countries.

The Steel Ministry would ensure that raw material demands of steel manufacturers, especially secondary steel producers, are met when the mining leases expire in 2020, Steel Minister Dharmendra Pradhan has assured.

The Remission of Duties or Taxes on Export Products (RoDTEP) scheme, packed up Rs.50,000 crore, will more than adequately incentivize exporters than the existing schemes put together, said Federation of Indian Export Organizations (FIEO).

The US-China Trade war, Brexit and developments in Iran have further aggravated the problem of the world economy, noted Sharad Kumar Saraf, President of the Federation of Indian Export Organizations.

Steel Minister Dharmendra Pradhan has discussed with CEOs of steel industry issues and bottlenecks concerning the sector and possible solutions.