Another shock to China, ban on import of color TV
The government has banned the import of color television sets, giving China another setback. It aims to encourage domestic manufacturing and discourage the import of color TVs from other countries, especially China.
ban on import of color TV -> The government has banned the import of color television sets, giving China another setback. Its purpose is to encourage domestic manufacturing and discourage the import of color TVs from other countries, especially China. The DGFT said in a notification that the import policy for color television has been changed. This has now been put in the restricted category from free.
Putting a consignment in a restricted category means that the importer of that consignment will have to obtain a license from the Director General of Foreign Trade (DGFT). DGFT comes under the Ministry of Commerce. Most TV sets in India are imported from China. After this step of the government, now China is sure to get a big blow.
Answer given to China
While India is strictly responding to China’s aggression on the Line of Control (LAC), it is being given a befitting reply on the economy front as well. The government has banned the entry of Chinese companies in government procurement. Meaning, Chinese companies cannot participate in the bid for any kind of government procurement from the central and state governments. Already in April, before tensions on the LAC, India changed the rules related to Foreign Direct Investment (FDI) so that Chinese companies could not take over domestic companies by taking advantage of the fragile situation created by the Corona epidemic.
Citing national security, the government has banned 59 mobile apps in China, such as Tiktok, Hello, UC Browser. Recently some more apps have also been banned. He had crores of users in India. China has suffered a major setback with the ban, and has admitted to itself that it will lose billions of rupees. Also, many contracts of Chinese companies have been canceled.