https://timesofindia.indiatimes.com/business/india-business/industry-bodies-hail-cut-on-crude-oil-customs-duty-call-it-timely-support-for-refiners/articleshow/121534874.cmsThe Indian government has reduced the basic customs duty on crude edible oils to 10%, a move lauded by SEA and IVPA. This aims to support domestic refiners by discouraging refined palmolien imports. The decision widens the duty gap between crude and refined oils, potentially lowering domestic prices and benefiting consumers.Industry bodies hail cut on crude oil customs duty, call it timely support for refiners
The Indian government has reduced the basic customs duty on crude edible oils to 10%, a move lauded by SEA and IVPA. This aims to support domestic refiners by discouraging refined palmolien imports. The decision widens the duty gap between crude and refined oils, potentially lowering domestic prices and benefiting consumers.The Indian government has reduced the basic customs duty on crude edible oils to 10%, a move lauded by SEA and IVPA. This aims to support domestic refiners by discouraging refined palmolien imports. The decision widens the duty gap between crude and refined oils, potentially lowering domestic prices and benefiting consumers.
The Indian government has reduced the basic customs duty on crude edible oils to 10%, a move lauded by SEA and IVPA. This aims to support domestic refiners by discouraging refined palmolien imports. The decision widens the duty gap between crude and refined oils, potentially lowering domestic prices and benefiting consumers.
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In a significant relief, the National Company Law Appellate Tribunal (NCLAT) has put a hold on the insolvency proceedings against Reliance I...
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In a significant relief, the National Company Law Appellate Tribunal (NCLAT) has put a hold on the insolvency proceedings against Reliance Infrastructure. This decision follows an appeal filed by the company, challenging the earlier order by the NCLT's Mumbai bench, which had admitted an insolvency plea from IDBI Trusteeship Services.In a significant relief, the National Company Law Appellate Tribunal (NCLAT) has put a hold on the insolvency proceedings against Reliance Infrastructure. This decision follows an appeal filed by the company, challenging the earlier order by the NCLT's Mumbai bench, which had admitted an insolvency plea from IDBI Trusteeship Services.
Accel partners highlight that Indian AI startups are lagging behind global competitors due to a lack of urgency and limited global vision, despite comparable technical skills. They emphasize that US-based AI startups with rapid revenue growth achieve significantly higher valuations compared to Indian counterparts. Investors now expect AI-first companies to scale rapidly, demanding a global mindset for success.Accel partners highlight that Indian AI startups are lagging behind global competitors due to a lack of urgency and limited global vision, despite comparable technical skills. They emphasize that US-based AI startups with rapid revenue growth achieve significantly higher valuations compared to Indian counterparts. Investors now expect AI-first companies to scale rapidly, demanding a global mindset for success.
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