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50% import duty buffer to push oranges to B’desh.
Nov 30, 2023

The Maharashtra government may absorb half the import duty impact levied by Bangladesh on oranges from India, said deputy chief minister Devendra Fadnavis on Monday. The duty hike had drastically brought down the consignment of Nagpur oranges to the eastern neighbour, which is the mainstay export market for growers here.
'A decision on subsidizing 50% of the import duty component borne by farmers will be taken soon,' said Fadnavis while addressing the closing ceremony of Agrovision, a farmers’ expo patronized by Union minister Nitin Gadkari.
 
Bangladesh began imposing duty on oranges from 2019. Another round of hike this year has taken customs duty to ?88 a kg for oranges. The hike makes the orange too costly for the Bangladeshi consumers.
 
CIL unveils roadmap to stop heavy-duty gear imports in 6 years
Coal India Ltd (CIL) plans to phase out import of heavy-duty mining equipment in six years, saving Rs 1,000 crore on customs duty annually. The roadmap proposed by an inter-disciplinary committee includes tender clauses to promote indigenous equipment and incentivize manufacturers to design, develop, and manufacture equipment in India. Standardization of equipment and emphasis on manufacturing aggregates will improve supply of spares, reducing repair time and improving machinery availability. The committee expects high demand for mining equipment in the next 10 years as coal remains the predominant energy source.
Exempt KU non-teaching staff from poll duty
Congress leaders urge DC and district election officer not to appoint non-teaching staff of Karnatak University for election duty as BLOs, citing staff shortage and inconvenience to students and teachers during semester exams. HDMC election officials are being criticized for harassment of a non-teaching staff member who attempted suicide. Ahinda leader demands state government accept caste census during winter session to ensure justice for Ahinda community. Caste census report will help determine conditions of caste population for welfare purposes. Sri Siddhalingeshwar Seva Sangha to organize idol installation ceremony at Sri Siddhalingeshwara temple, with participation from political and religious figures.
Adani Group to bid for duty-free shops at Macau international airport
Indian airport major Adani Group has set up a company in Macau, MTRPL Macau Ltd, to bid for the tender of duty-free liquor & tobacco shops at Macau International Airport. Adani Enterprises' subsidiary, Mumbai Travel Retail Pvt Ltd, has completed the incorporation process of MTRPL Macau Ltd with an authorised share capital of 25,000 Macanese pataca (MOP), the official currency of Macau.
    
timesofindia.indiatimes.com

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