Make In India Policy
What is ‘Make in India’ program? The Make in India program is an initiative launched to encourage companies to increase manufacturing in India. This not only includes attracting overseas companies to set up shop in India, but also encouraging domestic companies to increase production within the country. Make in India aims at increasing the GDP… Read More
Tags: FDI, foreign direct investment, Make in India Policy, Manufacturing
Drugs (Prices Control) Order, 2013 – Prices of Essential Medicines
After the announcement of National Pharmaceuticals Pricing Policy 2012, Drugs (Prices Control) Order, 2013 (DPCO, 2013) was notified on 15.05.2013. As per the provisions of DPCO, 2013 all the existing manufacturers of scheduled formulations, selling the branded or generic or both the versions of scheduled formulations at a price higher than the ceiling price (plus… Read More
Tags: DPCO, Essential medicines, Government, IMS-Health, Manufacturing, Price, Rajya Sabha, Site of Special Scientific Interest
High Level Meeting to Revive Manufacturing Sector
A meeting of the High Level Committee on Manufacturing (HLCM) was convened on 9th July, 2013 to discuss the strategy for boosting competitiveness and output in two sectors- textiles and steel- and for formulating a long term approach in three strategic industries-civilian aircraft manufacture, electric and hybrid vehicles and advanced materials and composites. Deliberations took… Read More
Tags: Civil Aviation, High Level Committee, Hybrid vehicle, India, Manmohan Singh, Manufacturing, National Military Command Center, NMCC
First Meeting of Manufacturing Industry Promotion Board
First Meeting of Manufacturing Industry Promotion Board; Reviews Progress of NMIZS, Capital Goods Sector The Union Minister of Commerce and Industry Shri Anand Sharma today called for accelerating the implementation of National Manufacturing Policy (NMP) and noted with satisfaction the good progress made by some states in land acquisition for National Investment and Manufacturing Zones (NMIZ).… Read More
Tags: Anand Sharma, Andhra Pradesh, Department of Industrial Policy & Promotion, Department of Science & Technology, India, Manufacturing, National Manufacturing Policy, Shri Sharma
PM Speak :: Manufacturing, Science & Technology critical for growth strategy
Following is the text of Prime Minister, Dr Manmohan Singh™s remarks at the meeting of the High Level Committee on Manufacturing, in New Delhi today: Today, we have discussed some important areas which are critical for the growth of manufacturing in our country and also for keeping our country at the frontiers of science &… Read More
Tags: Gross domestic product, Hybrid vehicle, Manmohan Singh, Manufacturing, New Delhi, Secondary sector of the economy, Steel, Textile
Section 194C TDS does not apply to contract manufacturing agreements
CIT vs. Silver Oak Laboratories P. Ltd (Supreme Court) CLR Editorial Notes: The assessee in this case related to Section 194C, is a manufacturer of pharmaceutical products. The assessee entered into various agreements with multiple manufacturers who manufactured items according to the specifications provided by the assessee. The Assessing Officer held that the transaction between… Read More
Tags: 201(1), 201(1A), Appeal, High Court, India, Manufacturing, Reebok India 306 ITR 124 (Del), Section 194C, Supreme Court
FAQ on “Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2012”
1. The Compulsory Registration order will be effective based on manufacturing date or import date? The order will come into forces on 03 July 2013 and would apply equally to goods manufactured locally or imported from foreign. 2. What would be the status of goods already in stock and in the market? The products… Read More
Tags: BIS, Compulsory Registration, Compulsory Registration Order, India, Manufacturing, OEM, Original equipment manufacturer, Safety Standards
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