Latest news with #ManishSinghal
Business Standard
3 days ago
- Business
- Business Standard
Restoration of RoDTEP Scheme for AA, SEZ, and EOU Exports ensures that key contributors to exports are not excluded from critical incentives
Associated Chambers of Commerce and Industry of India (ASSOCHAM) has commended the Government of India for restoring the benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports from Advance Authorisation (AA) holders, Export-Oriented Units (EOUs) and Special Economic Zones (SEZs), effective June 1, 2025. The restoration ensures that key contributors to Indias exports are not excluded from critical incentives, especially at a time when global competitiveness and domestic industrial resilience are of utmost importance. ASSOCHAM has consistently advocated for the extension of RoDTEP to all exporting entities, including those operating in SEZs and under AA and EOU frameworks. This move will correct the gap that created cost disadvantages for such units and is aligned with Indias WTO commitments, noted Manish Singhal, Secretary General, ASSOCHAM.
Hans India
4 days ago
- Business
- Hans India
Restoration of RoDTEP benefits to boost MSMEs, enhance investors' confidence: Assocham
New Delhi: The restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by the government will also benefit micro, small and medium enterprises (MSMEs), improve export logistics and enhance investors' confidence in India's industrial corridors, Assocham said on Wednesday. The leading industry chamber commended the Centre for restoring the benefits under the RoDTEP scheme for exports from Advance Authorisation (AA) holders, Export-Oriented Units (EOUs) and Special Economic Zones (SEZs), effective June 1, 2025. The restoration ensures that key contributors to India's exports are not excluded from critical incentives, especially at a time when global competitiveness and domestic industrial resilience are of utmost importance. 'Assocham has consistently advocated for the extension of RoDTEP to all exporting entities, including those operating in SEZs and under AA and EOU frameworks. This move will correct the gap that created cost disadvantages for such units and is aligned with India's WTO commitments,' said Manish Singhal, Secretary General, Assocham. As of March 31, 2025, total disbursements under the RoDTEP scheme have crossed Rs 57,976.78 crore, underscoring its significant role in supporting India's merchandise exports. For the financial year 2025–26, the government has allocated Rs 18,233 crore under the scheme. The RoDTEP scheme, in place since January 1, 2021, reimburses embedded taxes and duties not refunded under other schemes, thus promoting fair pricing and helping exporters to stay competitive. The latest notification reinstates these benefits which were available until February 5. 2025, creating uncertainty and financial strain for many exporters. The extended benefit will now cover over 10,795 HS lines applicable to AA, SEZ, and EOU exports, providing a much-needed boost to sectors such as engineering goods, electronics, pharmaceuticals and textiles that operate heavily through these frameworks, said Assocham. The RoDTEP scheme is compliant with World Trade Organisation (WTO) norms and is implemented via a comprehensive end-to-end digital platform to ensure transparency and efficiency.
Time of India
23-05-2025
- General
- Time of India
Indian Army launches first FM radio station in Uttarakhand
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The first FM radio station operated by the Indian Army in Pithoragarh district of Uttarakhand was inaugurated on Friday by General Officer Commanding (GOC) of Army's Central Command Anindya Sengupta. The objective of the initiative is to create goodwill between the Indian Army and people of the border areas, said Manish Singhal, manager of the radio said that the community radio station being operated under ' Operation Sadbhavana ' has been named ' Panchshul Pulse ' and will be broadcast on 88.4 station manager said the radio station is being operated from the Army Public School of the 'Panchshul Brigade' of the Indian Army and people within a radius of 12 km from the radio station can listen to programmes will pay special attention to the local history, culture, society and occupations of people of the border areas such as agriculture, will also have focus on raising awareness aware of the achievements of martyrs, brave soldiers, sportspersons and people who have worked in the social and cultural sectors, Singhal said.
Hans India
09-05-2025
- Business
- Hans India
Innovation-led ecosystem to unlock full potential of industry in states: Assocham
Unlocking the full potential of Indian enterprises demands a cohesive, innovation-led ecosystem that fosters competitiveness, reduces compliance burdens, and supports scale, according to an Assocham paper released on Friday. Highlighting the crucial role of MSMEs in India's economic architecture and the importance of co-ordinated efforts between Centre and states to help them thrive, the top industry body has released a knowledge paper, titled 'Ease of Doing Business in the Indian States'. The paper recognises the need to address operational challenges and incorporating best practices from across the globe. A key recommendation in the knowledge paper stresses on the role of third-party private professionals in the approval process of building and construction, labour and factory approvals and fire approvals. Specific recommendations for streamlining process and rationalising 'No Objection Certificates' and import/export regulations have also been highlighted. 'To achieve the Prime Minister Narendra Modi's vision of Viksit Bharat, policymaking at the Central government needs to be complimented by implementation in the states. The in-depth consultation with stakeholders across states, review of policy framework and analysis of issues in on-ground implementation laid the ground-work for this knowledge paper,' said Manish Singhal, Secretary General, Assocham. The paper decodes state-specific issues and calls for tailored interventions that reflect the unique governance models and economic conditions of each region, he added. Some states are changing and are showing the way to others with smart reforms. Gujarat plans to recycle 100 per cent of treated wastewater by 2030, a perfect example of business growth meeting environmental responsibility. Maharashtra is making life easier for food and drug manufacturers by offering five-year licenses instead of forcing them to renew every year, according to the paper. West Bengal is cutting logistics costs by allowing bigger container trucks near ports. Jharkhand is supporting startups to get loans without collateral and helping them supply goods to the government. 'There are more such best practices mentioned in this report, which serve as replicable models for others to follow,' said Assocham in its 52-page comprehensive knowledge paper prepared with technical inputs and analytical guidance of The Convergence Foundation identified key priority areas.
Time of India
08-05-2025
- Business
- Time of India
Assocham for upgrade of state, central policies to boost MSMEs
The Associated Chambers of Commerce and Industry of India (Assocham) has suggested reforms in national and state policies across sectors to enhance the ease of doing business for small enterprises and build a globally competitive micro, small and medium enterprises (MSME) ecosystem in the country. #Operation Sindoor Live Updates| From Sindoor to showdown? Track Indo-Pak conflict as it unfolds India hits Lahore's Air Defence Radars in proportionate response Pakistan tried to hit military targets in these 15 Indian cities, New Delhi thwarts strikes The industry body, in a paper titled 'Ease of Doing Business in the Indian States: Deregulation for Business to Prosper', highlighted regulatory barriers in the form of building and construction laws, environment, labour and logistics regulations that restrict the growth of MSMEs. "The paper decodes state-specific issues and calls for tailored interventions that reflect the unique governance models and economic conditions of each region," said Manish Singhal, secretary general, Assocham. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by National level It called for modification of building and construction laws, reducing number of no-objection certificates required and allowing third-party technical licensors to issue construction permits. Live Events The paper outlined best practices across states, such as Andhra Pradesh, which allows private building surveyors to approve buildings under 15 metres, and Maharashtra, which introduced separate licensing terms and reduced fees for MSMEs. The industry body also underscored the need to amend environmental regulations that misclassify low-polluting industries as high-polluting, along with lengthy environmental approval processes. Assocham proposed expanding ambit of white category industries or non-polluting industries, and accurate classification of industries by the Central Pollution Control Board. It suggested strengthening the single-window system to eliminate offline submissions.
