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LOCAL SOURCING NORMS
India has got a $5 trillion sleeping giant: Can govt wake it up?India holds an estimated $5 trillion worth of gold in households and temples, yet continues to spend billions importing more every year. As...- Eggs off plate, politics on menu: Bengal's school meal shift rekindles debate over food, identityWest Bengal's school kitchens are now the center of a political storm as the BJP government replaces eggs in mid-day meals with vegetarian ...
- Amazon CEO in India Now; Hyderabad’s growing spacetech orbitAmazon CEO Andy Jassy is in India as the tech giant triples down on its quick commerce play in the country. This and more in today’s ETtech...
- NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
- DLI-backed chip companies call for government procurement supportIndian semiconductor startups are urging the government for stronger market access and intellectual property protection. They highlight the...
- Delhi hotel fire: Probe narrows focus on blocked roof exit, heaters, norm violations and ownership tangleDelhi Police are investigating a devastating hotel fire in Malviya Nagar. Key findings include a blocked roof exit and cooking heaters in g...
- Delhi hotel Fire: Who is Lavkesh Bajaj, Malviya Nagar hotel owner, and how did a six-room B&B become a 25-room hotel?Lavkesh Bajaj hotel owner: A devastating fire at Flourish Stay B&B in Malviya Nagar claimed 21 lives. Owner Lavkesh Bajaj is now under inve...
- Maruti Suzuki to fuel India's ethanol shift with first flex-fuel car that's coming soonIndia's auto sector is set for a revolution with Maruti Suzuki launching the country's first mass-market flex-fuel passenger vehicle. This ...
- HDFC Bank shares fall 2% on reports of internal probe over Rs 45 cr interest paymentsHDFC Bank shares fell after a report revealed an internal investigation into Rs 45 crore payments to Maharashtra State Road Development Cor...
- Finmin pushes for wider local sourcing norm in incentive schemesThe move indicates a sharper alignment between government spending and industrial policy objectives, with the Centre striving to ensure tha...
- Delayed solar projects may get limited relief ahead of June 1 sourcing deadlineThe government is currently considering measures to ease the burden on solar initiatives delayed by unforeseen circumstances. While a total...
- GRAP-1 imposed in Delhi-NCR: Full list of restrictions, bans and permitted activitiesDelhi-NCR has entered Stage 1 of the Graded Response Action Plan (GRAP) as air quality dropped to the 'poor' category with an AQI of 208. T...
- India's R&D punches above its weight, but grant delays and red tape hold back researchersIndia is an innovation 'overperformer' but its research systems lag behind. Improving 'ease of doing R&D' is crucial. This requires faster ...
- Big relief for residents: HC tells builder to demolish illegal construction in setback area over missing fire NOCBengaluru apartment owners secured a major win as the Karnataka High Court ordered a builder to demolish illegal construction. The construc...
- HSN classification muddle raises costs for battery storage sectorThe industry has sought separate HSN codes, an approved manufacturer list and tighter local content norms, along with clarity on customs du...
- India eases HVDC localisation rules, sets timeline to reach 60% local content by 2035The Ministry of Power has updated its 'Make in India' rules for the power sector. A new plan will gradually increase local content in HVDC ...
- Goods procured from SEZs by single brand retailers to qualify for meeting local sourcing normsAccording to the current foreign direct investment (FDI) policy on single brand retail trading, 100 per cent overseas investments are allow...
- Apple wants exemption from local sourcing normsApple has given a presentation to the DIPP Secretary-headed panel on why its products should be considered 'state-of-the-art', 'cutting edg...
- Xiaomi seeks exemption from local sourcing normsXiaomi has sought complete exemption from the mandatory 30 per cent local sourcing norms for opening single brand retail stores in India.
- IKEA may have to wait as its demand for relaxing mandatory local sourcing norms puts government in a fixGovt appears to have balked at IKEA's demand for relaxing sourcing norms, delaying the approval of Rs 10,500 cr investment proposal.
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