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News 31 May 2023


What's New...


Electronics Repair Services Outsourcing (ERSO) Launched

·   ERSO to make India Global Repair Capital

·   Revenue Potential from Outsourced Repair likely to be $20 billion in next 5 years

MeitY Invites Applications for Incentives under PLI 2.0 for IT Hardware

Online Applications Invited for Setting Up Semiconductor and Display Fabs as per Modified Semicon India Programme from 1st June

·   Window Open till Dec 2024

·   Applicants under Earlier Scheme Allowed to shift to New Scheme

26 New Chief Commissioners (CC) Get New Postings on Promotion and Transfers in Board Reshuffle

·   Eight Officers of 1990 Batch Promoted to CC

Last Date to Receive Comments on TRAI’s Consultation Paper on “Definition of International Traffic” Extended to 20 June 2023

DGCA Simplifies Process for Grant of Heliport License

·   Now the applications for NOC/Clearance to five external organizations can be routed through a single tab in the applicant's eGCA profile

Nirmala Sitharaman Chairs 2nd Meeting of Apex Monitoring Authority of National Industrial Corridor Development and Implementation Trust

Supreme Court Comes Down Hard on Challenges to PMLA by Accused Seeking Relief

Companies Push Prices Higher, Protecting Profits but Adding to Inflation

BIR Celebrates 75th Anniversary in Amsterdam with the Theory of Copper

Russian Oil Lands in China as the Signals Show Japan Destination

·   Insurers in the Dark on Violation of American Sanctions

U.S. Manufacturers Seek Alternates to China like India as Tensions Rise



Six Key Petrochems ABS, Phthalic Anhydride, TPA, Toulene, BA and EG to be Enforced on June 2023

·      Goods under Compulsory

No EIC for Rice Exports for Remaining European Countries (Non-EU, Non ECTA) for Six Months

·      Policy Relaxed within Five Months of Restrictions

·      Rice exports to certain European countries exempted from mandatory inspection certificate for 6 months

Pesticide in Ch 29 Import only with Import Permit Issued by Insecticide Board and Registration with Ministry of Agri

·      Amending Import Policy (ITC(HS) to Sync with the Finance Act, 2023 and Foreign Trade Policy, 2023

China Heading to falling 2% Growth Level as India, Vietnam Compete

China Rebuffs Pentagon Chief Austin, not keen on Patch up



CBIC Issues SOP for Online Scrutiny of Returns for FY 2019-20 Onwards in ASMT Forms

14 Nations except China to Boost Supply Chains

·         India not to Join Trade Pact

Detroit Meet for Supply Chain between 14 Countries in Indo-Pacific, China Excluded

ISO Meet in Delhi Attracts 40 Country Reps

Container Prices Crash 40%, Relief for India Inc

FPIs Invest Over Rs 37,000 cr in May, Highest in 6 Months

PM Chairs 8th Governing Council Meeting of NITI Aayog at Pragati Maidan Convention Centre

·      Finding to States Tightened, Kerala CM Objects

The AI Boom Runs on Chips, but It Can’t Get Enough




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Last Updated on 31-05-2023