APRepresentative Image RelatedChina to lift tariffs on Australian barley as trade ties improveBritish demands on data related issues, duty concessions on dairy out of India-UK FTA: SourcesCorrosion leads to losses worth USD 110 billion in India annually: ISSDA India’s push to make the country Atmanirbhar, India’s Finance Ministry is now becoming increasingly selective in levying dumping duty with the rejection rate increasing to 43 per cent after August 2020, reported TOI. Between 1991 and August 2020, the Directorate General of Trade Remedies (DGTR), a quasi-judicial body recommended the imposition of anti-dumping duty in 1,039 cases and it was accepted into all but seven cases, resulting in a rejection rate of 0.7 per cent, showed data compiled by Centre for Digital Economy Policy Research. The Atmanirbhar Bharat campaign that came into existence after the pandemic has shown that DGTR’s rejection rate is now 43 per cent as only 61 of its 141 recommendations have been ac...

“Govt have liberalised a few things. But, there are still too many things dependent on permissions,” Godrej said. The Indian economy is back on track after the temporary disruptions caused by demonetisation and GST implementation, with consumer demand picking up overall and especially in rural India, said Adi Godrej, the chairman of the Godrej Group, in an interview to Sagar Malviya and R Sriram. Godrej believes the government has done a good job so far with the Goods and Services Tax and in a country like India, you can’t have a single rate for all goods. Edited excerpts from the interview: Has business stabilised now after GST? How much have you been impacted? Goods and services tax has gone off to a very good start. And growth prospects are very good. GST will always be work in progress. Even if you look at our old tax system, at least once a year we have the budget, which changes the rates…So new rates will always keep coming…The government has done a very good job. GS...

Chlor-alkali has always been a high energy consumption industry. With the outbreak of the Russian-Ukraine war however, energy price hikes rippled globally and hit European chlor-alkali producers hardest. At that time, no one expected that an energy crisis in Europe might impact China’s caustic soda market… In 2022, European buyers imported large quantities of caustic soda from China for the first time. Prior to that, it was Russian and Ukrainian caustic soda that helped meet Europe’s need. With the war contributing to a sudden caustic soda shortage, European buyers increasingly turned to Chinese and Northeast Asian suppliers from April 2022. As the war continued and Europe’s energy prices soared in the latter half of 2022, the region’s chlor-alkali producers cut operating rates on low chlorine derivative demand. Tight supply of caustic soda was the knock-on effect. This led to European buyers importing large quantities of caustic soda from China between S...