India and the US have been trying to iron out trade issues that erupted after the US removed India from its GSP programme. The Generalised System of Preferences (GSP) designated India as a beneficiary developing nation for trade concessions.India has also been trying to safeguard domestic trade interests and has withdrawn from the RCEP agreement.In this episode of Editor's Take, Moneycontrol's Sakshi Batra talks to Gaurav Choudhury to understand if there is a possibility of a limited India-US trade deal.Watch the video for more.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Editor’s Take | Indo-US trade deal soon?
The north american free trade agreement
No great rock bands come from Columbus, Ohio, says Cameron Mitchell, the city’s most celebrated restaurateur. Mitchell has built his empire by understanding his hometown’s safe distance from the cutting edge. advertisement advertisement “We don’t have any preconceived notions. Maybe if you’re on the coasts you already think you’re cool, you already think you know everything.” Mitchell says. “We don’t want to be so avant-garde or so hot that we alienate people. We have to, by our nature, appeal to the masses.” As a hub of national restaurant and fashion brands, Columbus has developed a civic specialty in absorbing coastal excesses and distilling them into mass product. For decades, Ohio’s capital has also been known as a test market where restaurant pros audition new products before rolling them out nationwide. The tastebuds of the city’s students and harried families stand in for those of the nation. … [Read more...] about Maestro Of The Midwest: For The Future Of American Eating, Look To Columbus
Since the financial crisis, the credibility of Wall Street has taken a beating. These days MBA graduates are as likely to work at socially minded start-ups as mega-banks. And day trading isn’t quite the popular sport it was in the helter-skelter days of the 1990s. Helping the planet is cool. Making unthinkingly large amounts of money is not. advertisement advertisement In this context, you can see why Vladimir Tenev and Baiju Bhatt named their new stock-trading business Robinhood, after the English folk hero who stole from the rich and gave to the poor. It strikes the right anti-establishment, post-crisis vibe, even if Tenev and Bhatt aren’t exactly manning the barricades. Their business, after all, still involves trading in public companies and all the moral messiness that implies. Still, several things differentiate Robinhood from E-Trade, Charles Schwab, and other incumbents. For one, it costs nothing to make a trade on their platform, while those other … [Read more...] about This App Wants To Take Stock Trading Away From Fat Cats And Put It In Your Hands
In a freewheeling chat with Moneycontrol, JSW Steel's MD & Group CFO Seshagiri Rao talks about range of issues — impact of GST, his concerns on rising imports, plans to acquire downstream units in overseas markets and the funding challenge. The steel veteran also talks about a surprising paradox — even as the country talks about unemployment, there is shortage of labour. "We are still trying to understand what is happening," he says.Excerpts:It's been a year since GST was launched. How has been the steel industry's experience?Close The mechanism of refund needs to be streamlined, and there are some process-related issues where GST is getting taxed twice. We have brought this to the attention of the government, and they are looking into it. related news Essel Group to sell up to 16.5% stake in Zee Entertainment to financial investors: Report SEBI revamps rights issue process, cuts timeline to 31 days Chhattisgarh govt assures NMDC of … [Read more...] about We are looking to acquire downstream facilities overseas, says JSW Steel’s Seshagiri Rao
Automated facilities could drastically slash the time taken for Customs' clearance at Indian ports, a move that is set to further improve India’s standing on the Ease of Doing Business Index, reports Business Standard.Mumbai’s Nhava Sheva port takes 82 hours to import, of this Customs takes up 12 hours. The government is considering blockchain, machine learning and artificial technology (AI) to reduce this clearance time to 12 minutes, the report said.Touted as a 'futuristic reform' which would allow perceived risk-free release of consignments, the machine clearance would initially be implemented for select 3,800 importers accredited with the Customs Department under the authorised economic operator (AEO) scheme and who meet the risk criteria -- a good compliance history, a government official told the paper.Close AEO programme is a trade facilitation scheme and currently offers members reduced examination and inspection, and acceptance of pre-arrival import … [Read more...] about Customs clearance to get tech boost, may now take 12 minutes from 12 hours earlier