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Union Budget 2024: FM announces duty cut on mobile phones, PCBA and chargers. | Photo Credit: Haider Ali Khan Union Finance Minister Nirmala Sitharaman, in her Budget speech on July 23, announced a cut on basic custom duty (BCD) to 15% on mobile phones, mobile printed circuit board assembly (PCBA) and mobile chargers. Currently, the BCD…
Mobile phone production in India jumped from ₹18,900 crore in 2014-15 to an estimated ₹4,10,000 crore in FY24, a report by ICEA said. File | Photo Credit: Reuters Mobile phone manufacturing in value terms jumped 21-fold to ₹4.1 lakh crore in India in the last 10 years as government policy measures like the PLI scheme…
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Image used for representative purpose only. | Photo Credit: K.V.S. Giri India has the highest tariffs on inputs in electronic segment among competing economies such as Vietnam and Thailand, ICEA said on July 6 citing its latest study as the industry body made a strong pitch for reduction in tariffs. The high tariffs impact competitiveness,…