In a bid to boost domestic manufacturing, the Central government has removed 5% custom duty that was imposed on import of open cell TV panel. Open cell TV panel are used in manufacturing of television sets such as LED TVs.
As per the notification issued by Union Ministry of Finance in this regard the open cell, (15.6 inch and above), for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panel would attract zero duty.
The government has also scrapped custom duty on import of Printed Circuit Board Assembly (PCBA), Cell (glass board or substrate) and Chip on Film, which are used to manufacture open cell TV panels.
Open cell panel is an important part of TV manufacturing and covers 60-70% cost of the unit. The move to scraps import duty on open cell TV panel would also help to reduce the price of TV panel by around 3% as it would lower the input costs for TV makers.
On 30 June 2017, the government had imposed a custom duty of 5% on import of such panel. Many TV makers including Consumer Electronics and Appliances Manufacturers Association (CEAMA) had opposed the increased duty, and have been complaining about a slump in demand and had requested government to waive it. TV makers have since then been complaining about a slump in demand.
Currently, open cells panels are not manufactured in India and TV companies rely on imports of these key components part of LED television sets. An import duty levied by government on open cell LED panels had also pushed some electronics makers to import TV sets from neighbouring markets like Vietnam and Thailand to avoid duties on open cell panels.
Month: Current Affairs – September, 2019 Categories: Business, Economy & Banking
Tags: Consumer Electronics and Appliances Manufacturers Association • Custom Duty • Import Duty • LCD TV • LED TV • Manufacturing • open cell TV panel • Union Ministry of Finance
The state government of Telangana has decided to declare 2020 as Year of Artificial Intelligence and thus will be organising various activities related to emerging technology throughout the year. This comes in the backdrop of emerging talent pool as well as renewed focus by industry and other ecosystem players on AI space in last 4-5 years.
Throughout the year 2020, which is going to be celebrated in Telangana as AI year, the state government will be running multiple programs, meetings and activities such as hackathons, master classes and other activities.
The government agencies will give challenges and make available data sets on which companies can run algorithms.
The state government has signed up with NITI Aayog (National Institution for Transforming India), which has come out with ‘National Strategy for Artificial Intelligence‘ to run pilot projects in Telangana. Telangana was 1st State to sign up with NITI Aayog when they prepared ‘AI for All’ document.
IT industry body NASSCOM (National Association of Software and Services Companies) is setting up a Centre of Excellence in Data Sciences and AI in Hyderabad, Telangana. This CoE is expected to start its activities in 2020.
Also, IIT- Khargapur is also coming up with its regional centre in Hyderabad to train students in AI in partnership with State government.
Month: Current Affairs – September, 2019 Categories: Science & Technology • States
Tags: AI year • Hyderabad • NASSCOM • National Strategy for Artificial Intelligence • Niti Aayog • State government of Telangana • Telangana • Year 2020 • Year of Artificial Intelligence