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www.thedollarbusiness.com Vol.3 Issue 61 Thursday, March 23, 2017 For subscribers only

$17905million, India’s overall balance of payment for the period 2015-16, as per Ministry of Commerce
48.62%y-o-y decline in project goods imports in February 2017, compared to the same month in 2016, as per Ministry of Commerce, GoI

News update

Brazil’s meat exports hit by restrictions from 4 major meat importers

Brazil’s federal authorities revealed bribery investigations in the co's

The Dollar Business Bureau

Some of the world’s biggest meat consuming countries have slapped restrictions on meat being exported from Brazil’s food conglomerates JBS S.A. and ERF.

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GST rollout from July 1 to make goods cheaper: Jaitley

The Union Cabinet this week cleared four supplementary GST legislations

PTI

Hopeful of the GST rollout from July 1, Finance Minister Arun Jaitley today said it will create one of the world's biggest single markets and make commodities cheaper and tax evasion difficult.

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India-Russia progress in defence co-operation through Make in India

Deal with HAL to ensure spares supply for India's Russian origin equipment

The Dollar Business Bureau

After fruitful negotiations between India and Russia as a part of the India-Russia Military Industrial Conference, two agreements were signed between Hindustan Aeronautics Limited (HAL) and United Aircraft Corporation and United Engine Corporation of Russia for long-term technical assistance and spare parts required to service the Russia-originated Su -30 MKI aircraft.

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Consumption story set to grow three-fold to $4 tn by 2025: BCG

India is already the third biggest economy in terms of purchasing power.

The Dollar Business Bureau

A minimal year-on-year growth of expenditure of 12% in India is more than two-fold compared to the anticipated world rate of 5% and this will make it the third-biggest consumer market at $4 trillion by 2025, according to a report by the BCG.

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UK joins US airline electronics ban

The UK restrictions also apply to tabs, DVD players and phones of certain s

PTI

The UK today imposed a ban on carrying laptops as part of cabin baggage on Britain-bound passenger flights from six Muslim-majority countries, hours after US introduced a similar move citing terrorism concerns.

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Foxconn Chief discusses export incentivisation with Commerce Min

India sets export target of 120 million phones by 2019-20

The Dollar Business Bureau

Foxconn Country Head and MD Josh Foulger paid a courtesy visit to Commerce Minister Nirmala Sitaraman on March 21, 2017. Among other things, the two leaders discussed export incentives for mobile phones.

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Circulars & Notifications

Sovereign Gold Bond Scheme 2016-17-Series IV notified Dated 23rd February, 2017 | Copy of | Notification | Read more

Finance Notification Sl.28 dated 03/03/2017 Number S.O.379(E) Dated 3rd March, 2017 | Copy of | Notification Sl.28 | In exercise of the powers conferred by section 3 of the Recovery of Debts Due to Banks and Financial Institutions Act, ... Read more

Extension of time for filing Questionnaire response in the anti-dumping investigation concerning Dated 22nd March, 2017 | Copy of | Notification Sl.28 | With regard to the above stated matter, regarding the request of extension of time for filing Questionnaire response in the anti-dumping ... Read more

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