Morning Alert..
Govt terminates anti-dumping probe against China, Thailand and Vietnam
The commerce ministry has terminated an anti-dumping investigation into import of solar cells from China, Thailand and Vietnam following a request from the Indian Solar Manufacturers Association(ISMA). On May 15, 2021, the ministry's investigation arm Directorate General of Trade Remedies (DGTR) initiated a probe into alleged dumping of "solar cells whether or not assembled into modules or panels" exported from the three nations, following a complaint by the association. "In view of the request made by the domestic industry, ISMA,...the authority hereby terminates the investigation initiated on May 15, 2021... against the imports of solar cells whether or not assembled into modules or panels exported by these countries," the DGTR said in a notification. Anti-dumping rules, 1995 provide for termination of a probe in certain situations which include withdrawal of application by the affected domestic industry at whose instance the investigation was initiated.
Revised combination assessment timelines under competition law soon: MCA
The revised timelines proposed in the competition law will help in making the assessment of combinations swift and time-bound as well as provide certainty to businesses, according to the Ministry of Corporate Affairs (MCA). A bill to amend the Competition Act is now being examined by the Parliamentary Standing Committee on Finance. One of the amendments proposed is to reduce the time limit for approval of combinations to 150 days from the current 210 days and another is that the Competition Commission of India (CCI) has to form a prima facie opinion within 20 days for expeditious approval of combinations. Generally, mergers and acquisitions are referred to as combinations in competition law parlance.
India's wheat planting gathers momentum, acreage rises nearly 10%
Indian farmers have planted wheat on 4.5 million hectares since Oct. 1, when the current sowing season began, up 9.7% from a year ago, the latest data from the farm ministry showed .The Ministry of Agriculture & Farmers' Welfare will keep updating the provisional crop sowing figures as it gathers more information from state governments. In India, wheat is mainly produced in the northern states of Punjab, Haryana, Uttar Pradesh and the central state of Madhya Pradesh. The planting figures are also subject to revision depending on weather conditions. Late rains in October and November raised soil moisture levels and helped farmers bring in more area under wheat, the main winter crop, growers said.
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Corporate News
RIL's logistics foray rides on growing retail print, govt supply-chain push.
Jio strongest telecom brand in India, ahead of Bharti Airtel and Vi: TRA.
KRBL to expand non-basmati rice and bran oil portfolios: Jt MD Anoop Gupta.
SGX Nifty indicates a flattish start to Indian markets after making new 52 week high on Friday. SGX Nifty was trading at 18421 levels down by 14.50 points or 0.08%
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