Duty Cuts on Chinese Imports - 80% items

I read the headline India may cut duties on 80% chinese imports.

At a time when the entire domestic industry is under tremendous slowdown there cant be a policy that allows India to get flooded with cheap chinese imports.

This has to be taken up by LocalCircles in the interest of sme startups and traders.

Is there a trader or retailer association In India or are they non existent. I see nothing here in hyderabad. more  

View all 12 comments Below 12 comments
It's unlikely that BJP will listen to such issues as Modi ji is very friendly & close relationship with Chinese President alike Adani & Ambani's more  

Yes this was discussed in the Trade ministers' meet at Bangkok .“With China, the attempt is to limit elimination of tariffs up to about 70 per cent of traded items which is to be spread over thirty years.

If the number of tariffs to be initially slashed remains high, the Indian industry will face immediate heat not only from China but also from the ASEAN, Japan and South Korea with which it already has bilateral free trade agreements (FTAs).

The news is not fake.. The wise Chinese are fooling the world, getting their way in large markets by hook or crook. A treaty is being signed by South East Asian nations including India wherein as usual Chinese take the cake. The major share in the cake is already theirs, but this treaty will give them such that our local industries will not survive the items they send us.
Trump is literally kicking them out, the Chinese have entrenched themselves so much in the North American market, that from birth to death a American is wrapped in Chinese goods.
If the treat is signed, well Chinese stuff will flood India more at cheap rates we cannot imagine. more  
I wish that the news item is fake and biased. Modi govt would not take such a nasty step which would kill the domestic market. China, is one of the greatest enemy No 1 dangerous than Pakistan. We request the Commerce Ministry, Finance Ministry to make this news item a false one and they will not take such decisions which would hamper the Domestic market. more  
Dont go for the hearsay wait for the real policy and then assess and post accordingly more  
Post a Comment

Related Posts

    • Anonymous Data of Consumers

      Very interesting survey by localcircles in economic times today. Businesses are split about sharing their customers anonymised data with Govt. I am curious who are willing to share? What if tomorro...

      By Shikha Chhabra
    • Fixing the economy steps via budget

      GDP is at 42-year low & markets at all-time high, banks flush with funds but not lending, farm income collapsjng while govt-spend on farm is up. Doing business rank is up but investment Is down...

      By Sujata Singh

      Well questioned the Amazon Chief by the Minister . This was not the situation earlier as India would always hesitate to Challenge . Earlier withdrawing / Post Poning y from RCEP [Regiona...

      By Jayakumar Daniel
    • Govt saying no to Investment yesterday

      The Govt yesterday looked down upon 1 Billion Amazon investment. China reaches $10000 per capita income. India is just around $2000/. That is the gap we need to bridge. Going by the cur...

      By Sudesh Rai
    • State of Indian Economy

      What last CEA is presenting seems like the economy is not in recession but depression. Can all of u look at these 4 charts and share inputs on why they are accurate or inaccurate. Please no anecdot...

      By Nikita Merchant
    • How Govt makes it difficult to do business

      Local administration gets a private company to make an app. No one knows about it. Then sends notices to pay 50000 to 8000 companies for not registering on the app. Attached.

      By Ajay Dutta
    • Now airtel brings out its begging bowl

      Like kumar mangalam birla last week was asking govt for package, now sunil bharti mittal is saying me too. Arre bhaiya jab apne hundreds of employees ko crores baant rahe the aap, tab ky...

      By Sudesh Rai
    • Current slowdown is very real

      29% people last month have defaulted on EMI payment due to business downturn and 36% due to delayed salaries. There is a major cash crunch in the industry. The surveyors looked at 200000 cases that...

      By Mala Sehgal
    • India searching for a landing site - The Economist

      Global investors once fell in love with India’s growth “story” because of people like Shanmuga Subramanian. Educated in mechanical engineering, he became a computer programmer, wo...

      By Naina Mittal
    • NEFT 24x7 notification

      My wife has shared the details about how her inputs were taken on making NEFT 24*7 by these circles which is commendable. Attached is the 24*7 neft notification. If your bank doesnt make...

      By Arjun Singh
    • Be ashamed KM Birla

      For saying you need a bail out from the Govt to continue Vodafone - Idea as a going concern. The Govt if you bail this, you need to bail every startup every SME in this country hundreds ...

      By Sudesh Rai
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)