Amid growing tensions with China, India has started clamping down on China on all fronts including economic. Consumer Affairs Minister Ram Vilas Paswan has said that the government is soon going to make strict rules to stop cheap imports from China. Meanwhile, retailers' associations across the country have decided not to sell Chinese products. Sources say the government may expedite the process of stopping 371 Chinese goods. Also, it can ban Chinese companies' investments in the country's stock market.
Discussions are on between market regulator Sebi and the Department of Economic Affairs, Ministry of Finance, to ban Chinese companies' investments. Sources say that investment of some Chinese companies may be stopped soon. At the same time, the telecom ministry has also instructed the government and private telecom companies to stay away from Chinese products. The telecom ministry has directed state-run BSNL to reduce the utility of Chinese companies. Also, e-commerce companies have decided to stay away from China's products.
Broke 16 percent in 1962 war with China
During the war between India and China in the year 1962, the stock market fell by 16 percent annually. At the same time, gold prices had fallen by 30 percent. This is stated in the RBI report for the year ended in June 1963.
Chinese startups keep a close watch
Over the past few years, China has increasingly invested in India's tech startups. Last year, China invested 35 thousand crore rupees through India's 23 agreements. Among them are big names like Paytm, Jumeto, Biju, and Ola.
Small businessmen make a stir on Chinese products
CAT, a retailer's organization, currently lists a boycott of more than 500 Chinese products. The list of boycott includes FMCG, TV and other consumer products, etc. Preparing to increase customs duty on Chinese products The government is preparing to increase customs duty on products imported from China. Sources say that a list of such products is being made right now. China accounted for 14 percent of India's imports last year.
What will be the effect of India-China tension on business
Loss of Rs 5.7 lakh crore on China's trade with India
Loss of 137 lakh crores to India when trade with China ends
2 lakh crore rupees Indian mobile market 72 percent share in China's Indian mobile market
45 percent of TV and other household consumer goods come from China
Sachin Wajhe told ED - Deshmukh and Parab took Rs 40 crore bribe from 10 DCPs to stop the transfer
Sacked police officer Sachin Wajhe in his statement to the Enforcement Directorate (ED) has made
At least five BJP workers were injured after crude bombs were hurled at them in the Panihati area
Referring to the controversial BBC documentary on Prime Minister Narendra Modi, External Affairs
Imran Khan's MP arrested in Pakistan, tweeted against military officers
Pakistan's investigative agency FIA has arrested Imran Khan's PTI MP Azam Swati in the National A
Amid the growing rift within the Nepal Communist Party, Chinese Ambassador to Nepal Hou Yankee me
The craze of Panchayat Season 4 had not even subsided from the audience when Amazon Prime Video a
The Supreme Court on Monday refused to give an urgent hearing to a petition seeking a CBI and ED
On the second day of the second Test match between India and South Africa in Guwahati, Indian cap
The Supreme Court on Tuesday refused to interfere in the loan moratorium policy. The Supreme Cour
Apple Unrest: 20000 newly hired workers stop work in Apple's largest plant, and production affected
About 20,000 newly hired workers have stopped working at Apple's plant in China. This has started
