Category: Business

Rubber industry seeks govt intervention amid rising costs in wake of West Asia war

Hyderabad: India’s rubber industry has sought urgent govt intervention as global supply disruptions linked to the West Asia conflict have pushed up raw material and freight costs, threatening thousands of small manufacturers and exporters across the country.In a representation to the commerce ministry, the All-India Rubber Industries Association said SMEs are facing severe stress as […]

Who is Ashok Kumar Panda? PESB recommends SAIL finance director for CMD post; top PSU role awaits ACC nod

Government head-hunter Public Enterprises Selection Board (PESB) has recommended Ashok Kumar Panda, Director (Finance) at Steel Authority of India Ltd (SAIL), for the post of Chairman and Managing Director (CMD) at the state-run steel major, PTI reported.Panda was among 10 shortlisted candidates interviewed for the top post at India’s largest public-sector steel-making entity.The position will […]

CBIC holds outreach on import duty deferment scheme for manufacturers

The Central Board of Indirect Taxes and Customs (CBIC) on Friday conducted a hybrid outreach programme in the national capital to familiarise stakeholders with the Duty Deferment Scheme for Eligible Manufacturer Importers (EMI), a key trade facilitation measure announced in the Union Budget 2026-27.The session, organised in New Delhi, brought together senior officials and industry […]

India’s remittance inflows double in a decade; US, UK, Canada, Australia drive surge

Rising remittance inflows to India have doubled in the past 10 years, with four advanced economies—the United States, the United Kingdom, Canada, and Australia—accounting for a growing share of the funds. Migration of higher-skilled Indians to these countries, combined with rising incomes among the diaspora, has helped reduce India’s dependence on any single region while […]

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