Online edition of India's National Newspaper
Wednesday, Aug 11, 2010
ePaper | Mobile/PDA Version
Google



Business
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs |

Business Printer Friendly Page   Send this Article to a Friend

Nod for Bill for tighter control over sensitive technology exports

Sujay Mehdudia

NEW DELHI: The Rajya Sabha has approved amendments to the Foreign Trade (Development and Regulation) Act, 1992, to enable the government to impose quantitative restrictions in case of import surge in merchandise to protect the domestic industry.

“The proposed amendments are necessary to instil a sense of confidence among the technology providers, and to ensure that trade in sensitive technologies, including dual-use technologies, is appropriately regulated,” Commerce and Industry Minister Anand Sharma said while piloting the amendment Bill.

The provision is relevant in the backdrop of surge in imports from China. Several members had raised the issue of increasing imports from China. Replying to the debate, Mr. Sharma said that safeguard measures were in place to check import surge or injury to Indian trade. Allaying fears about Chinese-made toys and idols of Indian gods and goddesses flooding the market, he said that action was being taken to see that nothing damaging was done to our industry.

“Directors-General of Anti-dumping and Safeguards, and the government itself have taken action to curb the inflow of harmful products into the domestic market.”

He said that toys which did not conform to standards were banned, including those from China. Mobile handsets without the International Mobile Equipment Identity (IMEI) numbers or those with just four-digit numbers had been immobilised. Also, chocolate and milk products from China were banned as they had toxic contents.

Printer friendly page  
Send this article to Friends by E-Mail



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu