India waives petrochemical duty amid war crisis
India has waived customs duty on around 40 critical petrochemical imports as a temporary measure to tackle supply disruptions triggered by the ongoing West Asia conflict, with the exemption effective from April 2 to June 30, 2026. The duty relief covers key feedstocks and intermediates such as ammonia, methanol, toluene, styrene, acetic acid, along with…
Lower tax rate for manufacturing coops-Amit Shah in RS
Newly set up co-operatives that undertake manufacturing activities will get benefits of a lower tax rate of 15%, as is available to new manufacturing firms, Union minister for home and cooperation Amit Shah has said in a reply in Parliament. In a written reply to a question in the Rajya Sabha on Wednesday, Shah also…
Royale Estate’s Mohali Industrial Economic Zone (MIEZ) gets Rs 150-cr dairy plant
Mohali Industrial Economic Zone (MIEZ) has announced that Gopal’s Sweets, the biggest dairy products brand in Punjab, Haryana and Himachal Pradesh, will set up a manufacturing unit there. The company has invested approximately Rs 150 crore in the project. MIEZ is an industrial initiative by the Royale Estate Group. It is proving to be a…