The Centre has increased customs duty on several electronic items including televisions, mobile phones and microwaves, making the import of these goods more expensive and thus lending a fillip to its "Make in India" programme.
The move, while having a minimal impact on the broader smartphone market (as most devices are assembled locally), may impact prices of devices from Apple and some other manufacturers selling high-end smartphones. "Either this will lead to increase in iPhone prices or force Apple to start assembling more in India".
Import tax on video cameras has been raised to 15% from 10% and on television sets, it has been doubled to 20%. The company had sought tax relief for manufacturing the iPhone in India a year ago, but the government is yet to take a final call on it.
He that in last 5-6 months import of feature phones had short up, which among others may also be due to dumping. They may absorb the price increase. According to Counterpoint Research estimates, while in 2014 over 60 per cent of the handsets were imported, the share has come down to 20 per cent now.
The Finance Ministry has raised customs duty on some electronic items including television, mobile phone, projector and water heater in order to boost domestic manufacturing.
Notable Mover: Vipshop Holdings Limited (VIPS)
However, 3.08% over the last one month, -16.65% for the last quarter and year to date performance stands at -24.07%. The stock of Vipshop Holdings Limited (NYSE: VIPS ) earned "Buy" rating by Credit Agricole on Thursday, January 7.
World Health Organization at Odds with DEA Over CBD
Had they chosen to make it illegal, it would have banned physicians from prescribing medical marijuana across the world. Based on its research, the committee concluded that current information does not call for scheduling of the drug.
Currently, major players in the sector such as Apple, Xiaomi and Lenovo continue to import handsets as their local sourcing capacity fails to meet demand.Customs duty for TV sets has been raised by five percentage points to 15 per cent.
The Department of Revenue that works under the Ministry of Finance has also doubled the customs duty on monitors and projectors to 20 per cent.
India's electronics imports grew about 31% to $29.8 billion during April to October from a year earlier, the steepest increase after shipments of ores and gems.
Tax on TVs, set-top boxes and microwave ovens doubles to 20%. To reduce dependence on imports, the government had launched a Make-in-India program to increase manufacturing in the country.
Liberals, still baffled by Donald Trump's victory, don't seem to understand Republican Roy Moore's defeat yesterday, either. If you appreciate black women, don't just appreciate when we show up for you in a world that has never shown up for us.
It dropped, as 58 investors sold TMUS shares while 140 reduced holdings. 82 funds opened positions while 187 raised stakes. Rhumbline Advisers holds 320,320 shares or 0.04% of its portfolio. 523,994 were reported by Laurion Mngmt Ltd Partnership.
Trump has asserted that the plan will lower tax rates for individuals and spur job growth, helping American families. They would receive the money in the form of a tax refund, which is why it's called a "refundable" tax credit.
But issues arose when Damon, star of the very problematic The Great Wall , started to make allowances for certain people. The lawyers would get together, and they do this cost-benefit analysis, and they'd go, "Oh, this is what it's worth".
The business is the evolution of the IBM Q Experience , a publicly available platform for academic users and industry researchers. This IBM Q cryostat has the job of keeping a 50-qubit IBM quantum computer cold.
It is so close to Kepler that its scorched surfaces boil away at over 800 degrees Fahrenheit - conditions similar to Mercury. Kepler-90 is a sun-like star, but all of its eight planets are scrunched into the equivalent distance of Earth to the sun.
It worsened, as 64 investors sold COST shares while 376 reduced holdings. 123 funds opened positions while 438 raised stakes. On Friday, October 20 MOULTON PAUL G sold $1.40 million worth of Costco Wholesale Corporation (NASDAQ:COST) or 8,696 shares.
Lauer was sacked from NBC last month after multiple women revealed claims of sexual misconduct against the " Today " host. Attorney Ari Wilkenfeld also alleges that NBC isn't doing enough to protect his client's privacy.
The company said it was the first formal complaint against Batali and that he was reprimanded and required to attend training. In a statement sent to the Associated Press , Batali apologised and said that the accusations "match up" with his behaviour.
This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. Seaward Management Limited Partnership acquired 3,647 shares as Intl Business Machines (IBM)'s stock declined 15.88%.
City destroyed Watford 6-0 at Vicarage Road four weeks before Arsenal lost there. Imagine Wenger being desperate for Mourinho to win a game - that would be fun!
Top 0.1% earned more than bottom 50%
By 2016, however, the "one percenters" in the United States increased their share of income to 20 percent. However, this tendency could be averted if the world adopted the EU's "moderate inequality trajectory".
US Adds New Requirements for Visa Waiver Countries
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Adobe Systems (ADBE) Earns News Impact Score of 0.22
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BP to return to solar market with 43% stake in Lightsource
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Tillerson confronts North Korean diplomat at UN
" North Korea knows they're open, they know where the door is, they know where to walk through the door when they want to". North Korea's Ja said his country has been the target of 11 United Nations sanctions resolutions.
Alvin Kamara gets in a full practice
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LLC Sells 31005 Shares of Celgene Co. (CELG)
Heslam increased its stake in Nord Anglia Education Inc (NORD) by 5.44% based on its latest 2017Q2 regulatory filing with the SEC. Leerink Swann reaffirmed a buy rating and issued a $156.00 price target on shares of Celgene in a report on Friday, October 20th.
NASA Discovery Proves That Solar Systems Like Our Own Exist
Lead astronomer on the project Andrew Vanderburg said he believes Kepler-90 may have more planets that haven't yet been detected. Besides, he said that this information would be a "treasure trove" that other experts will be able to use fpr further research.
Mercedes-Benz G-Class: Everything To Know
The front passenger-side handhold and the chrome-topped commands for the differential locks have been meticulously optimized. Considering the range of powerful engines available with the new S-Class, it's unsurprising that fuel economy isn't stellar.