Latest news with #FederationofJharkhandChamberof
Time of India
2 days ago
- Business
- Time of India
Jharkhand industry grouping demands centre's intervention
Ranchi: The apex industry association of Jharkhand on Friday sought the central government's intervention in safeguarding the interests of businesses and incentive measures for relief in the wake of new tariffs imposed by the US. Federation of Jharkhand Chamber of Commerce and Industries (FJCCI) general secretary Aditya Malhotra said the imposition of a high tax on Indian goods by the Donald Trump administration in the US created an "atmosphere of uncertainty" in global trade. An initial 25% tariff, announced by US President Donald Trump on Indian imports, came into effect on Thursday. In addition, Trump on Wednesday clamped another 25% levies on India, as a penalty, for its purchases of Russian oil, bringing the total duties slapped on the country to 50%. "The announcement of the new tax structure by the US has created an atmosphere of uncertainty in the global business world. Since the US is a major trading partner of India, these taxes can have direct and indirect effects on the industries in Jharkhand," Malhotra told PTI. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program
Mint
2 days ago
- Business
- Mint
Jharkhands apex industry association seeks Centres intervention over US tariff
Ranchi, The apex industry association of Jharkhand on Friday sought the central government's intervention in safeguarding the interests of businesses and incentive measures for relief in the wake of new tariffs imposed by the US. Federation of Jharkhand Chamber of Commerce and Industries general secretary Aditya Malhotra said the imposition of a high tax on Indian goods by the Donald Trump administration in the US created an "atmosphere of uncertainty" in global trade. An initial 25 per cent tariff, announced by US President Donald Trump on Indian imports, came into effect on Thursday. In addition, Trump on Wednesday clamped another 25 per cent levies on India, as a penalty, for its purchases of Russian oil, bringing the total duties slapped on the country to 50 per cent. The additional 25 per cent duty will come into effect after 21 days or August 27. "The announcement of the new tax structure by the US has created an atmosphere of uncertainty in the global business world. Since the US is a major trading partner of India, these taxes can have direct and indirect effects on the industries in Jharkhand," Malhotra told PTI. Exports of steel, mining products, handicrafts and IT services to the US may become expensive, while the cost of machinery and technology coming from there will also increase, the FJCCI general secretary said. Jharkhand houses about 40 per cent of the country's total minerals and has the presence of several industries. Malhotra said if the burden of additional tariff or tax increases on goods or services exported from Jharkhand to the US, the competitiveness of traders would be affected. "Also, the increase in the cost of imported machinery and technical equipment may push up the production cost of local industries. This will reduce the competitiveness of our industries," he said while expressing concerns over the US decisions. Under these circumstances, the FJCCI urges the central government to "safeguard the interests of the state by holding talks with the US and providing relief and incentive measures to the industries", he said. Singhbhum Chamber of Commerce and Industry , a business body in the mineral-rich Kolhan region in Jharkhand, unveiled a poster to protest against the US president's unilateral decision and called for a boycott of American products and promotion of Swadeshi items. The poster was launched on Thursday by SCCI president Vijay Anand Moonka. He said such a decision will have a far-reaching adverse impact at a time when the business landscape of the world was being influenced by a global perspective. This article was generated from an automated news agency feed without modifications to text.
Time of India
22-06-2025
- Politics
- Time of India
Political parties, traders slam US travel advisory
Ranchi: A US travel advisory cautioning its citizens from visiting India, citing concerns over sexual assaults and Maoist activities in six states, including Jharkhand, has met with strong criticism from political spheres and business communities in the state. JMM general secretary Supriyo Bhattacharya said, "The US must review its action before commenting against other activities have been curbed and peace restored in Jharkhand. So I don't see any point in issuing such an advisory." Congress state general secretary Rajesh Gupta said, "The US is terrified of India's growth. Many Indian students are often bullied and murdered in US. They must correct themselves first before commenting on others. Jharkhand has always been very welcoming to its guests. If they don't want to visit Jharkhand, it's their call." The general secretary of the Federation of Jharkhand Chamber of Commerce and Industries (FJCCI), Paresh Gattani, said, "It is beyond my comprehension as to why the US govt issued such an advisory for Jharkhand. Maoist activities have been drastically reduced. No untoward incident related to tourists has been reported in the sttae in recent time."
Time of India
02-05-2025
- Business
- Time of India
FJCCI pushes for enhanced agri-export infrastructure in state
Ranchi: To enhance interstate and international trade of agricultural produce from Jharkhand, the 'ahari sub-committee' of the Federation of Jharkhand Chamber of Commerce and Industries ( FJCCI ) has appealed to the state govt to immediately establish a robust infrastructure and a supportive ecosystem for agri-export. Tired of too many ads? go ad free now The chamber has called for the construction of integrated pack houses in Ranchi, Medininagar, Giridih and Godda as part of the effort. Additionally, they demanded a dry port in Jamshedpur, pesticide residue and NABL-accredited labs and the upgrading of the Birsa Munda airport to international standards to facilitate direct air cargo exports of local produce. FJCCI also emphasised the need for establishing a food processing and food industry directorate and constructing a cargo terminal at the airport. Officials of the chamber also stressed that the state's farmers, who grow ample vegetables, fruits, paddy, pulses and minor forest produce, suffer from the absence of proper market linkages and often sell their produce at low prices. FJJCI president Paresh Gattani said, "The business community will provide full support to boost farmers' income and work alongside the govt in developing export-ready infrastructure." These crucial decisions were taken during a workshop hosted by the 'ahari sub-committee' at the Chamber Bhawan, focusing on agricultural trade expansion. The experts present on the occasion discussed cargo logistics , dry port services, and schemes for Farmer Producer Companies (FPCs), emphasising that the state's small and marginal farmers are required to be empowered through collective marketing strategies.
