Champion industry, aluminium, looks for 5% RoDTEP rate to boost exports

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New Delhi, March 4 | The Ministry of Finance announced implementation of RoDTEP Scheme and extending benefit to all export goods with effect from April 1, 2021. This announcement is a huge relief for exporters post withdrawal of the MEIS and will provide much needed impetus to boost Indian exports.

However, the pendency of notifying the sector-wise remission rates under RoDTEP Scheme is creating a precarious situation and uncertainty for Indian exporters due to ambiguity w.r.t. pricing of goods and thereby impacting Indian exports.

The recently announced Union Budget 2021-22 has kept provision of Rs 13,000 crore for RoDTEP, which has been significantly curtailed from Rs 50,000 allocation for RoDTEP Scheme when first announced by the Finance Minister in Sept, 2019.

The situation for exporters further aggravates with withdrawal of MEIS. and till date the exporters are unable to avail the MEIS benefit for exports already made during FY-20 and FY-21 (Apr-Dec) due to blocking of online MEIS module for applying claims.

This has resulted in blockage of significant funds for already stressed non-ferrous metal sector exporters.

In absence of any export incentives/ remission mechanism, the aluminium exports are struggling to remain globally competitive as compared to the major exporting countries, especially China, which extends various support measures for export competitiveness.

In India, the high incidence of numerous unrebated Central & State taxes/ duties impedes the growth potential of aluminium sector in India. The various taxes constitute 15% of aluminium production cost which is amongst highest in the world. This adversely impacts the sustainability and competitiveness of aluminium industry and further renders Indian exporters vulnerable and uncompetitive vis-à-vis global players in international markets.

These duties and taxes should not be exported as such and should be remitted back to encourage domestic value addition and export of finished products. Under MEIS, the aluminium exports were eligible for a 2% reward rate which itself does not provide ample cushion to remain competitive against current bearish market condition. The Government support is extremely crucial at this juncture to reduce burden of taxes/ levies with least 5% remission rate under RoDTEP to boost exports and survive this challenging phase.

While the Production Linked Scheme (PLI) has been extended to 13 Sectors to boost domestic manufacturing, there is currently no support available for aluminium Sector, despite being identified amongst the 12 Champion Sectors by Ministry of Commerce & Industry, where India can be a global leader and major supplier. Aluminium is a sector of strategic importance for the country and an essential commodity for various other industries / SMEs due to its critical role in diversified applications for in energy security, national defence, infrastructure, electrification, aerospace, automobile, consumer durables, packaging etc.

Indian exports are struggling to retain competitiveness in international markets. Being a strategic metal, the Government support to enhance competitiveness for aluminum industry by way of various incentives/subsidies for raw materials, tax benefits & export tax incentives, low interest rate loans is prevalent globally, but heavily supported in China and GCC countries.

On the other hand, the Indian Aluminium industry is struggling with incidence of huge burden of unrebated Central & State taxes and duties, constituting ~15% of Aluminium production cost which is amongst the highest in the world and adversely impacting its sustainability & cost-competitiveness. NITI Aayog in its report on “Need for an Aluminium Policy in India” also highlighted the strategic importance of Aluminium for the country and the huge burden of various taxes and duties on Aluminium production costs.

The Aluminium industry seeks immediate support for notifying at least 5% remission rate for Aluminum Sector under RoDTEP Scheme to ensure its global competitiveness and realize its immense potential to double exports worth $ 10 billion Forex earnings for the country.

Source: IANS

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How to Apply Coconut Hair Oil : 5 Ways to Getting Nourished, Shiny Strands

How to Apply Coconut Hair Oil : 5 Ways to Getting Nourished, Shiny Strands

There are very few hair care ingredients that are as amazing and trusted as coconut oil. For centuries, coconut oil has been used as a hero ingredient and grandmothers of Indian households swear by it. The buttery, thick oil has managed to make quite an impression among the international fashionistas worried about the health of their hair as well.

Coconut oil brings to you an impressive resume of natural beauty advantages for both the scalp and hair.

If you haven’t yet discovered the wonderful benefits of coating your strands in coconut oil, you are probably wondering why this oil is considered a hair care mainstay. Keep reading to know how exactly coconut oil can nourish your hair and the best ways to apply it for brilliant results.

What is coconut hair oil good for?

How to Apply Coconut Hair Oil
How to Apply Coconut Hair Oil

Here, take a look at some of the reasons that make coconut oil reign supreme in the department of hair care.

  • The oil is super moisturizing for your hair strands. The low molecular weight of coconut oil allows it to easily penetrate the shaft of your hair and get absorbed quickly, much better than other oils.
  • The oil has a high moisture content naturally, and therefore, it is effective in conditioning and moisturizing the strands. The oil doesn’t just sit on top of it.
  • The oil will also help your hair to retain protein because it contains a specific type of fatty acid, known as lauric acid. Nick Stenson, a celebrity hairstylist and Matrix’s artistic director, says that strands hold to proteins better when they are coated in coconut hair oil.

If you need more reasons – coconut hair oil is affordable and found ubiquitously, and does not contain any chemicals.

How to apply coconut hair oil for maximum benefits?

The application of coconut oil to hair entirely depends on how you wish to use it. For instance, a deep conditioning hair mask needs a different application than a split end treatment or detangler.

You’ll find below 5 ways to apply coconut oil.

  1. As a treatment of the scalp

Are you interested in a tension-relieving, relaxing scalp massage? Sounds interesting, right? You can relieve your tensed scalp after a tough day of work by wetting the pads of your fingers with coconut oil. Apply the oil gently onto your scalp and massage it gently for a few minutes. This will help the coconut oil to moisturize your scalp and promote healthy hair growth. A relaxing scalp massage using coconut oil is going to make your hair follicles happy and this will result in speedier and also healthier hair growth.

The reason why scalp massages promote hair growth is because they encourage blood circulation. This helps in delivering your hair follicles all the essential nutrients and also oxygen.

  1. As a hair mask

Coconut oil for hair is known to work wonders when it comes to deep conditioning hair treatments. You can create a DIY at-home hair mask by melting a few tablespoons of the oil over low heat and then transferring the oil to a bowl. Section your hair to properly massage warm coconut oil into the roots of your hair and saturating your strands throughout the tips. After that, use a wide-toothed comb to run through your entire hair so that your hair detangles gently. Then, cover your hair with a warm towel or shower cap, and relax for ten to thirty minutes. You can use your regular or mild shampoo to wash out the oil. Make sure to rinse properly.

Remember not to sleep while you are relaxing. You need to wash out the oil to prevent any build-up.

  1. To define your curls more prominently

Coconut oil is a worthy styler and it can help you look your best. Even if you don’t have the right outfit for the day, your hair is surely going to make heads turn!

A lot of people are partial to wash-and-go or an air-dry. If you are one of them, you can slide the oil through the strands of your hair after taking a shower. The oil will help to define the pattern of your curl while also reducing frizz and moisturizing your hair.

If you want your curls to keep their spring, you can make use of coconut oil in between washes. Your curls will be replenished and have a beautiful shine.

  1. To prevent your hair from tangling or to detangle 

A physical barrier is required for all hair types before detangling the strands, especially for those who have more breakage-prone, drier hair. Coconut oil is a brilliant detangling hair care product that you can use to prevent your hair from breaking. You can apply warm oil or you can use a spray bottle to spritz oil on your hair before detangling.

  1. To treat split ends 

Honestly, you cannot mend split ends forever. There just isn’t a way. You can snip them from time to time, but you cannot say goodbye to them forever. Another way to manage your split end problem is by applying coconut hair oil products. The oil will help to seal the cuticle and make your hair look shinier, healthier, and also less brittle. You might even notice density to your strands, especially if you have been noticing that your hair is tapered toward the bottom and looking thin.

The takeaway

Do you think that your hair can benefit from the use of fatty-rich coconut hair oil? You can give it a try in any one of the 5 ways above. And if anybody was wondering, the oil can also be used straight up on your strands.

However, if you are allergic to coconut in general, you might want to stay away from using this oil. In such cases, applying the oil may result in causing irritation.

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