Page 7 - 3.5.18

The Gandhidham Chamber of Commerce & Industry

SHORT NEWS

FAME India scheme extended till 30 September 2018 The 5 Mental Traits of Great Investors
The government has extended the financial support to electric and "90% of the game is half-mental", said famous baseballer Yogi
hybrid vehicles under the FAME India Scheme by another six Berra once, in his typically inimitable style. And while we can
months, the Ministry of Heavy Industries and Public Enterprises smile while reading it, there's no denying the underlying
issued a notification on Friday. READ MORE wisdom of this particular "Yogi-ism" - and the fact that the
amusing aphorism bears special significance to the game of
investing. READ MORE

UN body adopts climate change strategy for shipping CAI Takes Steps To Boost Cotton Exports
Nations meeting at the United Nations International Maritime Cotton Association of India (CAI) has initiated a slew of
Organization (IMO) in London have adopted an initial strategy on measures to boost cotton farming produce and growth across
the reduction of greenhouse gas emissions from ships, setting out a the value chain to ensure export promotion of cotton. The
vision to reduce GHG emissions from international shipping and country is facing a dearth of export revenue owing to
phase them out, as soon as possible in this century. discounting of our product on lines of poor quality owing to
READ MORE mixing of moisture and contaminants with cotton and we should
put a stop to such practices, opined Atul S Ganatra, President
CAI. READ MORE

Companies may have to restructure salary packages of Why chances of India being named a currency
employees to reduce GST impact manipulator are slim
India Inc may have to start restructuring compensation packages or India made a surprising entry on the US Treasury’s currency
human resource benefits of their employees to ensure they don’t watch list last week, but it’s some way from being labelled a
face taxing times under the goods and services tax (GST). manipulator of the rupee. The Treasury cited India’s
Reimbursements on home rentals, telephone charges beyond a “significant” trade surplus with the US and increased purchases
certain limit, medical premiums for extra coverage, health check- of foreign currency last year as reasons for increased scrutiny of
ups, transportation, gym use, uniforms or even re-issue of identity the Asian economy. READ MORE
cards could face GST. READ MORE

Incentives for Startup India Cellular Operators Association of India asks Trai to fix
Government of India launched the ‘Startup India’ initiative on discrepancies in MySpeed app data
January 16, 2016 to build a strong eco-system for nurturing
innovation and entrepreneurship. This measure of the Government Telcos have questioned the validity of results thrown up by the
is helpingcreate large scale job opportunities across the sectors and Telecom Regulatory Authority of India’s (TRAI) MySpeed
increase economic growth of the country. As part of this initiative, app, which measures mobile data speeds. They asked the
Department of Industrial Policy and Promotion has issued gazette regulator to review the findings and fix discrepancies so that the
notification No 364(E) dated 11 April, 2018 constituting a broad growing number of data consumers won’t get misled into
based Inter-Ministerial Board (IMB) to consider applications of making wrong choices while choosing their broadband service
Startups for claim of following incentives of the Income Tax Act providers.
1961. READ MORE READ MORE

Multiple taxes hitting logistics industry FIEO, PayPal join hands to simplify international trade

Multiple tax rates, which form an integral part of India’s goods and for Indian exporters and SMEs
services tax (GST) regime, have been causing problems for the The Federation of Indian Exports Organisation (FIEO) and
logistics industry, Maharashtra GST Commissioner Rajiv Jalota online payment system PayPal signed an MoU on Thursday to
said at an industry event. promote exports and leverage each other’s technology and
READ MORE experience READ MORE

Indian ports: Victims of inward vision? Here’s how Information Technology is making ports

It is well known that India’s domestic infrastructure is not up to more efficient
global standards. It is also common knowledge that its low quality Use of technology has begun reflecting in the performance of
infrastructure raises business costs and reduces global the logistics chain, with shipment, warehousing and cargo
competitiveness. consolidation witnessing improved dwell time over the last six
READ MORE months. Instrumental in this process has been the Logistics
Databank System (LDB). READ MORE

USEFUL LINK

 E Way bill for Intra State Movement

 Export Policy of Edible Oils - Removal of prohibition on export of all varieties of Edible Oils

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