Government cuts basic customs duty on set-top boxes to 5%
By Our Economy Bureau | 31 May 2003
New Delhi: The Indian government has slashed the basic customs duty on set-top boxes (STBs) to 5 per cent from 25 per cent while doing away with the countervailing duty and the special additional custom duty. However, these concessions will be available up to 31 July 2003 only.
The duty changes would result in the prices of STBs across the various ranges coming down by around 45 per cent, thereby making them much more affordable to a wider section of the population. According to industry estimates, the price of a STB that was earlier costing Rs 4,000 will now be available at around Rs 2,700.
Information and Broadcasting Minister Ravi Shankar Prasad says the duty component for STBs has been reduced drastically keeping in mind the consumer interest. "Prices could fall by 45 per cent."
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation