Boycotting our goods will damage ties, China’s state media warns India
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Your giving them way to much credit dude... its just a global factory not the brainhub where innovation in the field of R&D and excellence is...
Companies can be shifted geographically...
T-72M1
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I know, but what's one to do when you want to buy innovative new American products but they're all made in China ?
Just put a computer together and literally everything was made in China, case, mobo, ram, cpu, psu, ssd, cooler..
I'd like nothing more than for India to get a share of the manufacturing slice, it'd bring down local prices significantly for end users like you and me.
Hindustani78
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http://www.thehindu.com/opinion/op-ed/dont-fear-the-trade-deficit/article19555437.ece?homepage=true
August 25, 2017 00:15 IST
Updated: August 24, 2017 23:21 IST
Irrational fears over trade with China or any other country must be put to rest
Amidst rising political tensions between India and China, trade relations between the two countries have come under some pressure recently. India’s trade deficit with China, which stands at over $50 billion, has been projected by many on the Indian side as an economic evil that needs to be curbed by all means. To this end, they have demanded heavy tariffs and bans on Chinese imports. The trade deficit with China, in effect, is seen as a loss to India and a gain to the Chinese economy. So, naturally, steps to curb it are seen as justified.
Union Commerce and Industry Minister Nirmala Sitharaman, for instance, held talks with her Chinese counterpart earlier this month demanding greater access for Indian goods to the Chinese market. While the idea of unrestricted cross-border trade sounds great, the focus of her talks was on trimming the trade deficit rather than promoting free trade. Such fear of the trade deficit, however, makes very little economic sense. This is because, contrary to popular belief, the prevalence of a trade deficit, or a trade surplus for that matter, says nothing about whether a country benefits or loses out from trade. In fact, since free trade between countries happens on a voluntary basis, where individuals try to improve their lives, it is always beneficial to all sides. This is also the fundamental logic behind the overwhelming support for free trade among economists.
To make things simple, the balance of trade reflects how an economy earns its foreign exchange, and how it decides to spend it subsequently. Take the case of India’s trade deficit with China. India earns Chinese yuans primarily from Chinese investors who seek to invest in assets in the country. At the same time, India uses these yuans that it receives from Chinese investors mostly to purchase Chinese goods, rather than to invest them in Chinese assets. This preference among Indians for Chinese goods rather than assets, combined with Chinese preference for Indian assets rather than goods, is what causes India to suffer a trade deficit. If Indians had a greater preference for Chinese assets, and the Chinese had a greater preference for Indian goods, the situation would reverse and India would enjoy a trade surplus instead. The trade deficit is thus a mirror image of a capital surplus, which is formed by the relatively larger inflow of Chinese capital into India than vice versa.
As one can see, quite obviously, there is very little that is wrong with this state of affairs. A man who sells his assets to his fellow countrymen to purchase goods from them, for instance, would suffer a trade deficit and a capital surplus with the rest of the country. Very few would argue that the man suffers a loss from the trade, while the rest of country gains from it. The same logic holds true when it comes to trade between countries as well. It is high time irrational fears over trade with China, or any other country, are put to rest once and for all.
August 25, 2017 00:15 IST
Updated: August 24, 2017 23:21 IST
Irrational fears over trade with China or any other country must be put to rest
Amidst rising political tensions between India and China, trade relations between the two countries have come under some pressure recently. India’s trade deficit with China, which stands at over $50 billion, has been projected by many on the Indian side as an economic evil that needs to be curbed by all means. To this end, they have demanded heavy tariffs and bans on Chinese imports. The trade deficit with China, in effect, is seen as a loss to India and a gain to the Chinese economy. So, naturally, steps to curb it are seen as justified.
Union Commerce and Industry Minister Nirmala Sitharaman, for instance, held talks with her Chinese counterpart earlier this month demanding greater access for Indian goods to the Chinese market. While the idea of unrestricted cross-border trade sounds great, the focus of her talks was on trimming the trade deficit rather than promoting free trade. Such fear of the trade deficit, however, makes very little economic sense. This is because, contrary to popular belief, the prevalence of a trade deficit, or a trade surplus for that matter, says nothing about whether a country benefits or loses out from trade. In fact, since free trade between countries happens on a voluntary basis, where individuals try to improve their lives, it is always beneficial to all sides. This is also the fundamental logic behind the overwhelming support for free trade among economists.
To make things simple, the balance of trade reflects how an economy earns its foreign exchange, and how it decides to spend it subsequently. Take the case of India’s trade deficit with China. India earns Chinese yuans primarily from Chinese investors who seek to invest in assets in the country. At the same time, India uses these yuans that it receives from Chinese investors mostly to purchase Chinese goods, rather than to invest them in Chinese assets. This preference among Indians for Chinese goods rather than assets, combined with Chinese preference for Indian assets rather than goods, is what causes India to suffer a trade deficit. If Indians had a greater preference for Chinese assets, and the Chinese had a greater preference for Indian goods, the situation would reverse and India would enjoy a trade surplus instead. The trade deficit is thus a mirror image of a capital surplus, which is formed by the relatively larger inflow of Chinese capital into India than vice versa.
As one can see, quite obviously, there is very little that is wrong with this state of affairs. A man who sells his assets to his fellow countrymen to purchase goods from them, for instance, would suffer a trade deficit and a capital surplus with the rest of the country. Very few would argue that the man suffers a loss from the trade, while the rest of country gains from it. The same logic holds true when it comes to trade between countries as well. It is high time irrational fears over trade with China, or any other country, are put to rest once and for all.
Hindustani78
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http://www.deccanherald.com/content/629828/india-denies-fresh-anti-dumping.html
Press Trust of India, Beijing, Aug 25 2017, 14:49 IST
A report in the state-run China Daily today said that India would this month impose anti-dumping duties on 93 products imported from China. Reuters File Photo
India today termed as "factually incorrect" a Chinese official media report claiming that it was planning to impose fresh anti-dumping duties this year on 93 products originating in China, saying they were already in force after decisions over a course of five years.
A report in the state-run China Daily today said that India would this month impose anti-dumping duties on 93 products imported from China.
"Some recent media reports have mentioned that the Government of India is planning to impose anti-dumping duty on 93 products from China. These reports are factually incorrect," the Indian Embassy here said in a statement.
The current situation is that anti-dumping duty is already in force on 93 products from China comprising of chemicals and petrochemicals, products of steel and other metals, fibres and yarn, machinery items, rubber or plastic products, electric and electronic items, consumer goods among others, it said.
The decision to impose anti-dumping duties on these 93 products originating in China were taken over a course of previous five years, it said.
Ministry of Commerce said on Wednesday that India should refrain from abusing trade remedy measures, which would disrupt economic cooperation and bilateral trade relations.
According to the ministry, India has launched 212 investigations against Chinese products since 1994 and 93 of them are still in progress.
So far this year, 13 investigations have been initiated, the China Daily quoted the ministry as saying.
The report said that India overtook the US in the first half of this year with the most trade remedy investigations against China.
China is paying close attention to trade investigations and hopes India would carry them out in a prudent way based on relevant regulations, Commerce Ministry spokesman Gao Feng was quoted as saying by the Daily.
"China and India are both BRICS (Brazil, Russia, India, China and South Africa) members with vast cooperation opportunities and should jointly maintain a free and open multilateral trading system," Gao said.
"Instead of resorting to trade remedy measures and disrupting trade orders, the two countries can settle trade disputes through consultation and realise a win-win situation through expanded economic and trade cooperation," he said.
Last month Minister of State for Commerce and Industry Nirmala Sitharaman, who took part in the BRICS Commerce Ministers meeting in Shanghai, held "candid" talks with her Chinese counterpart Zhong Shan over the ballooning bilateral trade deficit which had crossed over USD 52 billion.
"The two Ministers exchanged views, in a candid manner, on further development of a strong, balanced and sustainable trade and investment partnership between India and China," the Indian Consulate in Shanghai had said in a statement.
Sitharaman, in particular, sought the assistance of Chinese Commerce Ministry in reducing the trade deficit, facilitating greater market access and for providing a level- playing field for Indian IT, pharmaceuticals and agro products in China, it said.
India's trade deficit with China in 2015-16 swelled to USD 52.68 billion, which according to Indian officials has become unsustainable.
Press Trust of India, Beijing, Aug 25 2017, 14:49 IST
A report in the state-run China Daily today said that India would this month impose anti-dumping duties on 93 products imported from China. Reuters File Photo
India today termed as "factually incorrect" a Chinese official media report claiming that it was planning to impose fresh anti-dumping duties this year on 93 products originating in China, saying they were already in force after decisions over a course of five years.
A report in the state-run China Daily today said that India would this month impose anti-dumping duties on 93 products imported from China.
"Some recent media reports have mentioned that the Government of India is planning to impose anti-dumping duty on 93 products from China. These reports are factually incorrect," the Indian Embassy here said in a statement.
The current situation is that anti-dumping duty is already in force on 93 products from China comprising of chemicals and petrochemicals, products of steel and other metals, fibres and yarn, machinery items, rubber or plastic products, electric and electronic items, consumer goods among others, it said.
The decision to impose anti-dumping duties on these 93 products originating in China were taken over a course of previous five years, it said.
Ministry of Commerce said on Wednesday that India should refrain from abusing trade remedy measures, which would disrupt economic cooperation and bilateral trade relations.
According to the ministry, India has launched 212 investigations against Chinese products since 1994 and 93 of them are still in progress.
So far this year, 13 investigations have been initiated, the China Daily quoted the ministry as saying.
The report said that India overtook the US in the first half of this year with the most trade remedy investigations against China.
China is paying close attention to trade investigations and hopes India would carry them out in a prudent way based on relevant regulations, Commerce Ministry spokesman Gao Feng was quoted as saying by the Daily.
"China and India are both BRICS (Brazil, Russia, India, China and South Africa) members with vast cooperation opportunities and should jointly maintain a free and open multilateral trading system," Gao said.
"Instead of resorting to trade remedy measures and disrupting trade orders, the two countries can settle trade disputes through consultation and realise a win-win situation through expanded economic and trade cooperation," he said.
Last month Minister of State for Commerce and Industry Nirmala Sitharaman, who took part in the BRICS Commerce Ministers meeting in Shanghai, held "candid" talks with her Chinese counterpart Zhong Shan over the ballooning bilateral trade deficit which had crossed over USD 52 billion.
"The two Ministers exchanged views, in a candid manner, on further development of a strong, balanced and sustainable trade and investment partnership between India and China," the Indian Consulate in Shanghai had said in a statement.
Sitharaman, in particular, sought the assistance of Chinese Commerce Ministry in reducing the trade deficit, facilitating greater market access and for providing a level- playing field for Indian IT, pharmaceuticals and agro products in China, it said.
India's trade deficit with China in 2015-16 swelled to USD 52.68 billion, which according to Indian officials has become unsustainable.
Hindustani78
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http://www.thehindu.com/business/In...om-china-eu/article19595185.ece?homepage=true
DGAD concluded that the product has been exported to India at below the normal value due to which the domestic industry has suffered material injury.
India is expected to impose anti- dumping duty on imports of certain colour coated steel products from China and European Union to protect the interest of domestic players from below-cost in-bound shipments.
In its final findings, the directorate general of anti- dumping and allied duties (DGAD) has recommended the duty on imports of “colour coated/prepainted flat products of alloy or non—alloy steel” from China and EU.
Essar Steel India Ltd and JSW Steel Coated Products Ltd had jointly filed the application for initiation of the anti— dumping investigations.
DGAD has suggested that the duty should be the difference between the landed value of the steel products and $ 822 per tonne.
In its findings, DGAD concluded that the product has been exported to India at below the normal value due to which the domestic industry has suffered material injury.
The authority “recommends imposition of definitive anti— dumping duties on the imports,” DGAD has said in a notification.
These steel products offer resistance to corrosion along with barrier protection. It is used in many applications and sectors including construction, roofing, walling, panelling, cladding and decking, automotive, white goods and appliances and furniture.
While DGAD recommends the duty to be levied, the finance ministry imposes it.
Countries initiate anti—dumping probes to determine if the domestic industry has been hurt by a surge in below—cost imports.
As a counter—measure, they impose duties under the multilateral World Trade Organization (WTO) regime.
Anti—dumping measures are taken to ensure fair trade and provide a level—playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.
India has initiated maximum anti—dumping cases against below—cost imports from China.
ashok321
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Boycotting our goods will damage ties, China’s state media warns India
Dont worry China.
This will never happen, as long as Ambanis & Adanis happen to be in India.
Where there are sucker (Indian public) there are swindlers (Ambani & Adani)
Jahan lobhi hon, wahan thogi bhukh nahi marte.
Dont worry China.
This will never happen, as long as Ambanis & Adanis happen to be in India.
Where there are sucker (Indian public) there are swindlers (Ambani & Adani)
Jahan lobhi hon, wahan thogi bhukh nahi marte.
Hindustani78
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http://www.thehindu.com/news/nation...-vulnerable-says-mehrishi/article19589766.ece
Red flags raised over hacking: outgoing Home Secretary
Outgoing Home Secretary Rajiv Mehrishi said on Wednesday that the government has raised red flags regarding the use of Chinese equipment in telecom and other sectors but this was not going to impact investments.
Speaking to The Hindu on his last day in office, Mr. Mehrishi said, “We have raised red flags without doubt. The threat is there from any hacker or mischief-maker. Chinese products have to be looked into more closely,” he said.
About two years ago, various telecom giants were sensitised about the vulnerability of equipment and products imported from China.
Hindustani78
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Ministry of Steel
08-September, 2017 18:21 IST
Imposition of Countervailing Duty on Imports of Stainless Steel Flat Products Will Strengthen the Ongoing Efforts of Indian Industry for Moving Towards 100 % Quality Regime for Better Safety and Health of Users, Says Shri Birender Singh, Union Steel Minister
Welcoming the imposition of Countervailing Duty on imports of Stainless Steelflat products by the Ministry of Finance, Union Steel Minister Shri Birender Singh said in New Delhi today that, “CVD on Stainless Steel will strengthen the ongoing efforts of Indian industry for moving towards 100 % quality regime for better safety and health of users. This will provide a level playing field to the industry to grow to its full potential after attaining 2nd largest rank in stainless steel production in world in 2016.”
The notification issued by the Ministry of Finance, dated 7th September 2017, prescribes a total of 18.95% CVD on imports of Stainless steel flat products from China for the next five years. Reacting to the development Dr. Aruna Sharma, Secretary Steel said, “This is the first case of imposition of CVD on any steel product in India. This would provide the much needed relief to the stainless steel industry from the subsidized imports from China.” Dr Sharma said that this was one among the many steps taken by the Government to help the domestic Stainless Steel Industry. Among the other steps were the imposition of the Stainless Steel Quality Control Order (QCO) and other trade remedial measures.
The CVD investigations were initiated on 12th April 2016 by the Directorate General of Anti-Dumping and Allied Duties (DGAD) in response to a surge in subsidized imports of stainless steel flat products. These imports were distorting the domestic market, which was under huge stress and was leading to financial stress in the industry. Extensive investigations were carried out by DGAD and the final findings were issued by the DGAD vide notification dated 4th July 2017.
The final findings list a possible 81 known subsidies being provided by China. They were categorized into five different heads including Grants (0.55%), Export Financing (0%), Tax & VAT incentives (2.3%), Provision of Goods & services (15.78%) and Preferential loans and lending totaling 18.95%.
08-September, 2017 18:21 IST
Imposition of Countervailing Duty on Imports of Stainless Steel Flat Products Will Strengthen the Ongoing Efforts of Indian Industry for Moving Towards 100 % Quality Regime for Better Safety and Health of Users, Says Shri Birender Singh, Union Steel Minister
Welcoming the imposition of Countervailing Duty on imports of Stainless Steelflat products by the Ministry of Finance, Union Steel Minister Shri Birender Singh said in New Delhi today that, “CVD on Stainless Steel will strengthen the ongoing efforts of Indian industry for moving towards 100 % quality regime for better safety and health of users. This will provide a level playing field to the industry to grow to its full potential after attaining 2nd largest rank in stainless steel production in world in 2016.”
The notification issued by the Ministry of Finance, dated 7th September 2017, prescribes a total of 18.95% CVD on imports of Stainless steel flat products from China for the next five years. Reacting to the development Dr. Aruna Sharma, Secretary Steel said, “This is the first case of imposition of CVD on any steel product in India. This would provide the much needed relief to the stainless steel industry from the subsidized imports from China.” Dr Sharma said that this was one among the many steps taken by the Government to help the domestic Stainless Steel Industry. Among the other steps were the imposition of the Stainless Steel Quality Control Order (QCO) and other trade remedial measures.
The CVD investigations were initiated on 12th April 2016 by the Directorate General of Anti-Dumping and Allied Duties (DGAD) in response to a surge in subsidized imports of stainless steel flat products. These imports were distorting the domestic market, which was under huge stress and was leading to financial stress in the industry. Extensive investigations were carried out by DGAD and the final findings were issued by the DGAD vide notification dated 4th July 2017.
The final findings list a possible 81 known subsidies being provided by China. They were categorized into five different heads including Grants (0.55%), Export Financing (0%), Tax & VAT incentives (2.3%), Provision of Goods & services (15.78%) and Preferential loans and lending totaling 18.95%.
Hindustani78
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Upping the ante: Chinese FDI in India between April 2000 and June 2017 was worth $1.67 bn, or 0.49% of the total. | Photo Credit: PTI
Commerce Minister Suresh Prabhu meets counterpart in move to address bilateral trade deficit
In a bid to reduce the huge bilateral trade deficit with China, which, in the last fiscal, was a whopping $51 billion, the Centre has now sought greater investments from Chinese firms including in India’s export-focused Special Economic Zones (SEZ).
In a meeting with his Chinese counterpart Zhong Shan on Saturday the sidelines of the ongoing ASEAN Economic Ministers Meeting (and related meetings) in Manila, Indian commerce minister Suresh Prabhu called for greater Chinese investments in India and “offered facilitating measures including in SEZs”.
Mr. Prabhu’s immediate predecessor Nirmala Sitharaman had informed Rajya Sabha in July 2014 that “trade deficit can be reduced to sustainable levels through more exports from India to China, as well as by China’s investing in building manufacturing capacities in India.”
The aim, official sources said, was to then increase shipments from such manufacturing facilities in India to China by catering to specific demand in that country.
However, Foreign Direct Investment (FDI) from China in India between April 2000 and June 2017 was worth only $1.67 billion — or a minuscule 0.49% of the total FDI inflows of $342 billion during that period.
The meeting between Mr. Prabhu and Mr. Zhong Shan follows an official statement on August 28 on a bilateral agreement regarding an “expeditious disengagement of border personnel at the face-off site at Doklam.” The Hindu had reported on August 24 that China had agreed to send a high-level official team led by Mr. Zhong Shan by December-end to New Delhi to address the issue of trade imbalance with India.
Economic group meeting
Mr. Prabhu and Mr. Zhong Shan have agreed on holding a (bilateral) Joint Economic Group (JEG) Meeting soon. Instructions have been given to the concerned officials of both the countries to do the ground work prior to the JEG meeting, Mr. Prabhu said in a tweet. In this regard, both ministers “agreed to set up product/sector specific Joint Working Groups to promote exports and bilateral trade.”
In September 2014, during the India visit of Chinese President Xi Jinping, the Joint Statement had stated that the Chinese side announced the establishment of two industrial parks in India, one in Gujarat and another in Maharashtra. According to that statement,
“The Chinese side would also endeavour to realise an investment of $20 billion in India in the next five years in various industrial and infrastructure development projects. India welcomes Chinese enterprises to participate in its manufacturing and infrastructure projects.”
The Centre had informed Rajya Sabha in November 2016 that to invite Chinese investment in India, an MoU was inked between India and China in June 2014 on ‘Cooperation on Industrial Parks in India’ with a view to provide a platform for cluster-type development of the enterprises of both countries.
MoUs signed
In this regard, subsequently, MoUs were signed by Indian State Government Agencies and Chinese investors. These include the MoU between Maharashtra government and BeiqiFoton Motors, China for Auto Industrial Park in Pune, the MoU between Industrial Extension Bureau (iNDEXTb), Gujarat government and China Development Bank Corporation for supporting the setting up of Industrial Parks in Gujarat, as well as the MoU between iNDEXTb and China Small and Medium Enterprises (Chengdu) Investment Limited to set-up multi-purpose Chinese Industrial Park in Gujarat.
Besides, there is an MoU between HSIIDC (Haryana Government) and Dalian Wanda Group to develop an integrated Entertainment Park-cum-Industrial township in Haryana as well as an MoU between HSIIDC and China Fortune Land Development to set up an Industrial Park in Haryana.
Upping the ante: Chinese FDI in India between April 2000 and June 2017 was worth $1.67 bn, or 0.49% of the total. | Photo Credit: PTI
Commerce Minister Suresh Prabhu meets counterpart in move to address bilateral trade deficit
In a bid to reduce the huge bilateral trade deficit with China, which, in the last fiscal, was a whopping $51 billion, the Centre has now sought greater investments from Chinese firms including in India’s export-focused Special Economic Zones (SEZ).
In a meeting with his Chinese counterpart Zhong Shan on Saturday the sidelines of the ongoing ASEAN Economic Ministers Meeting (and related meetings) in Manila, Indian commerce minister Suresh Prabhu called for greater Chinese investments in India and “offered facilitating measures including in SEZs”.
Mr. Prabhu’s immediate predecessor Nirmala Sitharaman had informed Rajya Sabha in July 2014 that “trade deficit can be reduced to sustainable levels through more exports from India to China, as well as by China’s investing in building manufacturing capacities in India.”
The aim, official sources said, was to then increase shipments from such manufacturing facilities in India to China by catering to specific demand in that country.
However, Foreign Direct Investment (FDI) from China in India between April 2000 and June 2017 was worth only $1.67 billion — or a minuscule 0.49% of the total FDI inflows of $342 billion during that period.
The meeting between Mr. Prabhu and Mr. Zhong Shan follows an official statement on August 28 on a bilateral agreement regarding an “expeditious disengagement of border personnel at the face-off site at Doklam.” The Hindu had reported on August 24 that China had agreed to send a high-level official team led by Mr. Zhong Shan by December-end to New Delhi to address the issue of trade imbalance with India.
Economic group meeting
Mr. Prabhu and Mr. Zhong Shan have agreed on holding a (bilateral) Joint Economic Group (JEG) Meeting soon. Instructions have been given to the concerned officials of both the countries to do the ground work prior to the JEG meeting, Mr. Prabhu said in a tweet. In this regard, both ministers “agreed to set up product/sector specific Joint Working Groups to promote exports and bilateral trade.”
In September 2014, during the India visit of Chinese President Xi Jinping, the Joint Statement had stated that the Chinese side announced the establishment of two industrial parks in India, one in Gujarat and another in Maharashtra. According to that statement,
“The Chinese side would also endeavour to realise an investment of $20 billion in India in the next five years in various industrial and infrastructure development projects. India welcomes Chinese enterprises to participate in its manufacturing and infrastructure projects.”
The Centre had informed Rajya Sabha in November 2016 that to invite Chinese investment in India, an MoU was inked between India and China in June 2014 on ‘Cooperation on Industrial Parks in India’ with a view to provide a platform for cluster-type development of the enterprises of both countries.
MoUs signed
In this regard, subsequently, MoUs were signed by Indian State Government Agencies and Chinese investors. These include the MoU between Maharashtra government and BeiqiFoton Motors, China for Auto Industrial Park in Pune, the MoU between Industrial Extension Bureau (iNDEXTb), Gujarat government and China Development Bank Corporation for supporting the setting up of Industrial Parks in Gujarat, as well as the MoU between iNDEXTb and China Small and Medium Enterprises (Chengdu) Investment Limited to set-up multi-purpose Chinese Industrial Park in Gujarat.
Besides, there is an MoU between HSIIDC (Haryana Government) and Dalian Wanda Group to develop an integrated Entertainment Park-cum-Industrial township in Haryana as well as an MoU between HSIIDC and China Fortune Land Development to set up an Industrial Park in Haryana.
Hindustani78
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http://www.thehindu.com/news/nation...lthy-and-dangerous-import/article19744706.ece
Sample of Chinese crackers | Photo Credit: R. Ashok
http://www.thehindu.com/news/nation...lthy-and-dangerous-import/article19744706.ece
Banned products make an appearance in Sivakasi
Till the summer of 2014, Chinese crackers were only heard of in Sivakasi. But in May 2014, the industry was shocked to see Chinese crackers being sold in its very backyard when a team of officials seized a bunch of Chinese firecrackers from a cracker shop in the town.
The town police did due diligence and registered a case, but the fireworks industry was not satisfied. They raised the decibel level on this issue, seeking a CBI probe into the case.
The Centre acted swiftly and took effective steps to curb Chinese crackers being stealthily imported in the guise of toys. In the last two years, the threat seemed to abate. However, the industry was jolted again recently when they found Chinese fireworks being marketed bang in the heart of the fireworks hub of the country — on the streets of Sivakasi.
TANFAMA secretary K. Mariappan displays samples of Chinese crackers recently seized at Sivakasi in Virudhunagar district. | Photo Credit: R. Ashok
“We found a representative, also an agent for Sivakasi fireworks for north India, marketing some Chinese crackers in our town,” said K. Mariappan, secretary of Tamil Nadu Fireworks and Amorces Manufacturers Association. The man from Gwalior had been carrying samples of three different crackers.
Exhibiting the samples, Mr. Mariappan said one of the boxes had the “Made in India” label, intended to mislead the public, though the crackers inside the box were certainly made in China. He wanted the government officials to check the sales of such banned crackers during the festival of light.
Packaging rules
Any cracker manufactured by a fireworks unit licensed by the Petroleum and Explosives Safety Organisation (PESO) should have a proper label approved by the PESO “This includes details like the name of the company, license number and location. The composition of the chemicals would also be printed on the label,” Deputy Chief Controller of Explosives, Sivakasi, K. Sundaresan said.
People can look for such details to ascertain whether the crackers they are buying were made in India, not imported from China, he said.
However, those units licensed by District Revenue Officers do not contain these kinds of detailed labels, he added. “There is always a chance for Chinese crackers to get a duplicate label without much details. While a common man cannot distinguish it, officials are conducting raids to ensure that no Chinese fireworks are illegally sold,” Mr. Sundaresan said.
People can at least avoid those crackers with labels bearing pictures of Chinese people or letters of the Chinese alphabet. Similarly, those crackers without any label could also be avoided.
Harmful chemicals
Chinese crackers are illegal and not permitted under the Explosives Rules 2008. “This is because Chinese fireworks contain certain chemicals banned by India, like chlorate, red lead, copper oxide and lithium,” Mr. Sundaresan said. These chemicals are highly inimical to the environment and also dangerous. “These crackers are friction and impact sensitive and could harm the users, especially children,” he added.
Explosives Rules 2008, Rule 15
“Marking on fireworks: In case of fireworks, explosive composition, quantity of such composition, whether sound emitting crackers or colour or light emitting crackers, sound level, a caution or warning indicating the name of the item, manufacturer’s name, method of firing, precautions to be taken both in words and pictorial view shall be printed on each piece of fireworks and cardboard box and where adequate space is not available on the fireworks, such caution or warning shall be printed on a separate label and inserted in the smallest packet or carton.”
Sample of Chinese crackers | Photo Credit: R. Ashok
http://www.thehindu.com/news/nation...lthy-and-dangerous-import/article19744706.ece
Banned products make an appearance in Sivakasi
Till the summer of 2014, Chinese crackers were only heard of in Sivakasi. But in May 2014, the industry was shocked to see Chinese crackers being sold in its very backyard when a team of officials seized a bunch of Chinese firecrackers from a cracker shop in the town.
The town police did due diligence and registered a case, but the fireworks industry was not satisfied. They raised the decibel level on this issue, seeking a CBI probe into the case.
The Centre acted swiftly and took effective steps to curb Chinese crackers being stealthily imported in the guise of toys. In the last two years, the threat seemed to abate. However, the industry was jolted again recently when they found Chinese fireworks being marketed bang in the heart of the fireworks hub of the country — on the streets of Sivakasi.
TANFAMA secretary K. Mariappan displays samples of Chinese crackers recently seized at Sivakasi in Virudhunagar district. | Photo Credit: R. Ashok
“We found a representative, also an agent for Sivakasi fireworks for north India, marketing some Chinese crackers in our town,” said K. Mariappan, secretary of Tamil Nadu Fireworks and Amorces Manufacturers Association. The man from Gwalior had been carrying samples of three different crackers.
Exhibiting the samples, Mr. Mariappan said one of the boxes had the “Made in India” label, intended to mislead the public, though the crackers inside the box were certainly made in China. He wanted the government officials to check the sales of such banned crackers during the festival of light.
Packaging rules
Any cracker manufactured by a fireworks unit licensed by the Petroleum and Explosives Safety Organisation (PESO) should have a proper label approved by the PESO “This includes details like the name of the company, license number and location. The composition of the chemicals would also be printed on the label,” Deputy Chief Controller of Explosives, Sivakasi, K. Sundaresan said.
People can look for such details to ascertain whether the crackers they are buying were made in India, not imported from China, he said.
However, those units licensed by District Revenue Officers do not contain these kinds of detailed labels, he added. “There is always a chance for Chinese crackers to get a duplicate label without much details. While a common man cannot distinguish it, officials are conducting raids to ensure that no Chinese fireworks are illegally sold,” Mr. Sundaresan said.
People can at least avoid those crackers with labels bearing pictures of Chinese people or letters of the Chinese alphabet. Similarly, those crackers without any label could also be avoided.
Harmful chemicals
Chinese crackers are illegal and not permitted under the Explosives Rules 2008. “This is because Chinese fireworks contain certain chemicals banned by India, like chlorate, red lead, copper oxide and lithium,” Mr. Sundaresan said. These chemicals are highly inimical to the environment and also dangerous. “These crackers are friction and impact sensitive and could harm the users, especially children,” he added.
Explosives Rules 2008, Rule 15
“Marking on fireworks: In case of fireworks, explosive composition, quantity of such composition, whether sound emitting crackers or colour or light emitting crackers, sound level, a caution or warning indicating the name of the item, manufacturer’s name, method of firing, precautions to be taken both in words and pictorial view shall be printed on each piece of fireworks and cardboard box and where adequate space is not available on the fireworks, such caution or warning shall be printed on a separate label and inserted in the smallest packet or carton.”
Hindustani78
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http://www.tribuneindia.com/news/himachal/india-china-border-trade-crashes-after-doklam/510319.html
Pratibha Chauhan
Tribune News Service
Shimla, December 8
The Doklam standoff seems to have cast its shadow on the India-China border trade which has witnessed a drastic decline from Rs 8.59 crore last year to a mere Rs 59.21 lakh across Shipki La in Kinnaur this year, forcing traders to demand setting up of a quarantine laboratory to enable resumption of livestock trade.
The Kinnaur Indo-China Trade Association yesterday submitted a memorandum to the Trade Authority, demanding a quarantine laboratory at Chupan and Namgiya to pave way for resumption of livestock trade like chiku goats, horses and mules from 2018. There is great demand for livestock on either side of the border even though its trade was banned about five years ago.
This year 29 traders made 76 tours with the first batch of traders going into the Tibet Autonomous Region (TAR) on September 22 despite the official start of the trade on June 1. This year, the volume of imports was Rs 36.83 lakh and exports 22.38 lakh. To date not even a single Tibetan or Chinese trader has ever visited India. “It is owing to a number of reasons like the Doklam standoff between Indian and China, demonetisation and GST,” says Hishey Negi, president of the association.
The trade has been undertaken through the 18,599-ft high Shipki La Pass between the two neighbours since 1992 and it had registered a steady increase in the last four years. He also demanded that the process for trade passes should be started from April 1 so that it could begin from June 1. Though the trade period is from June 1 to November 30 every year, due to delay in issuance of passes, the traders start going to China only in August.
The traders have also demanded that the Chinese government should be requested to construct a proper mule track from Shipki La to China Trade Centre at Shipki village in Tibet. “Since the traders face a lot of inconvenience, China should be requested to provide water and electricity at the trade centre in Shipki,” said Hishey.
The traders also lamented the delay in setting up of pre-fabricated structures at Shipki La with electricity, water, canteen, toilet facility and sheds for mules on the Indian side. The traders feel that a dedicated cell for the India-China Trade Promotion-cum-Grievance and Redressal Cell is mandatory.
Pratibha Chauhan
Tribune News Service
Shimla, December 8
The Doklam standoff seems to have cast its shadow on the India-China border trade which has witnessed a drastic decline from Rs 8.59 crore last year to a mere Rs 59.21 lakh across Shipki La in Kinnaur this year, forcing traders to demand setting up of a quarantine laboratory to enable resumption of livestock trade.
The Kinnaur Indo-China Trade Association yesterday submitted a memorandum to the Trade Authority, demanding a quarantine laboratory at Chupan and Namgiya to pave way for resumption of livestock trade like chiku goats, horses and mules from 2018. There is great demand for livestock on either side of the border even though its trade was banned about five years ago.
This year 29 traders made 76 tours with the first batch of traders going into the Tibet Autonomous Region (TAR) on September 22 despite the official start of the trade on June 1. This year, the volume of imports was Rs 36.83 lakh and exports 22.38 lakh. To date not even a single Tibetan or Chinese trader has ever visited India. “It is owing to a number of reasons like the Doklam standoff between Indian and China, demonetisation and GST,” says Hishey Negi, president of the association.
The trade has been undertaken through the 18,599-ft high Shipki La Pass between the two neighbours since 1992 and it had registered a steady increase in the last four years. He also demanded that the process for trade passes should be started from April 1 so that it could begin from June 1. Though the trade period is from June 1 to November 30 every year, due to delay in issuance of passes, the traders start going to China only in August.
The traders have also demanded that the Chinese government should be requested to construct a proper mule track from Shipki La to China Trade Centre at Shipki village in Tibet. “Since the traders face a lot of inconvenience, China should be requested to provide water and electricity at the trade centre in Shipki,” said Hishey.
The traders also lamented the delay in setting up of pre-fabricated structures at Shipki La with electricity, water, canteen, toilet facility and sheds for mules on the Indian side. The traders feel that a dedicated cell for the India-China Trade Promotion-cum-Grievance and Redressal Cell is mandatory.
Hindustani78
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Ministry of Steel
20-December, 2017 18:03 IST
Dumping of Chinese Steel
Indian Steel industry was facing a lot of challenges due to dumping of steel from China in the past. There was 75.5% increase in imports of total steel (Alloy + Non Alloy) in 2014-15. The domestic steel prices had a sharp downward trend during 2014-15, which continued into 2015-16. In view of above, since 2014-15, the Government took the following remedial measures to safeguard the indigenous steel industry:
i) In order to address the challenge of unfair trade, adequate trade measures such as anti dumping duties, safeguard duties and temporary introduction of Minimum Import Prices were taken.
ii) The Government notified the Quality Control Order which makes the use of BIS standards mandatory for all steel produced and imports.
iii) Introduction of a new policy namely Domestically Manufactured Iron & Steel Products in Government procurement which facilitates domestic value addition.
This information was given by the Steel Minister Chaudhary Birender Singh in a written reply in the Rajya Sabha today.
*****
20-December, 2017 18:03 IST
Dumping of Chinese Steel
Indian Steel industry was facing a lot of challenges due to dumping of steel from China in the past. There was 75.5% increase in imports of total steel (Alloy + Non Alloy) in 2014-15. The domestic steel prices had a sharp downward trend during 2014-15, which continued into 2015-16. In view of above, since 2014-15, the Government took the following remedial measures to safeguard the indigenous steel industry:
i) In order to address the challenge of unfair trade, adequate trade measures such as anti dumping duties, safeguard duties and temporary introduction of Minimum Import Prices were taken.
ii) The Government notified the Quality Control Order which makes the use of BIS standards mandatory for all steel produced and imports.
iii) Introduction of a new policy namely Domestically Manufactured Iron & Steel Products in Government procurement which facilitates domestic value addition.
This information was given by the Steel Minister Chaudhary Birender Singh in a written reply in the Rajya Sabha today.
*****
Hindustani78
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Ministry of Finance
21-December, 2017 17:49 IST
Increase in import duty on Chana (Chickpeas) and Masoor (Lentils)
Government has decided to impose 30% import duty on Chana (Chickpeas) and Masoor (Lentils), with immediate effect.Production of Chana (Chickpeas) and Masoor (Lentils) are expected to be high during the forthcoming Rabi season, and cheap imports, if allowed unabated, are likely to adversely affect the interest of the farmers. Taking these factors into consideration and to protect the interest of the farmers Government has decided to increase the said import duty.
At present, tur attract 10% import duty. Further, Government has recently imposed 50% import duty on yellow peas. Other pulses, however, attract Nil import duty. There has been a record production of pulses in the current year. However, despite sufficient domestic availability, import of pulses continue to take place on account of low prevailing international prices. Such imports suppress the domestic prices of pulses and adversely affect the interest of farmers.
Notification number 93/2017-Customs dated 21.12.2017 has been issued in this regard.
***
21-December, 2017 17:49 IST
Increase in import duty on Chana (Chickpeas) and Masoor (Lentils)
Government has decided to impose 30% import duty on Chana (Chickpeas) and Masoor (Lentils), with immediate effect.Production of Chana (Chickpeas) and Masoor (Lentils) are expected to be high during the forthcoming Rabi season, and cheap imports, if allowed unabated, are likely to adversely affect the interest of the farmers. Taking these factors into consideration and to protect the interest of the farmers Government has decided to increase the said import duty.
At present, tur attract 10% import duty. Further, Government has recently imposed 50% import duty on yellow peas. Other pulses, however, attract Nil import duty. There has been a record production of pulses in the current year. However, despite sufficient domestic availability, import of pulses continue to take place on account of low prevailing international prices. Such imports suppress the domestic prices of pulses and adversely affect the interest of farmers.
Notification number 93/2017-Customs dated 21.12.2017 has been issued in this regard.
***
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