Auto, pharma firms to be hit hard by cap on MEIS benefits



a truck is parked in front of a building: However, exporters have highlighted that these 2% exporters account for a substantial chnuk of the exports covered under the MEIS.


© Provided by The Financial Express
However, exporters have highlighted that these 2% exporters account for a substantial chnuk of the exports covered under the MEIS.

The government’s decision to cap benefits under a key scheme at just Rs 2 crore per exporter during the September-December period of this fiscal will likely hit the pharma and auto industries hard, as some of the large companies in these sectors have generally been among the biggest beneficiaries, raking in export benefits of hundreds of crores of rupees each.

While company-wise data aren’t available in the public domain, sources told FE that firms that received maximum benefits under the Merchandise Export From India Scheme (MEIS) in FY18 included JSW Steel (Rs 302 crore), Ford India (Rs 273 crore), Bajaj Auto (Rs 247 crore), Dr Reddy’s (Rs 241 crore), Aurobindo Pharma (Rs 211 crore), Mylan Lab (`193 crore), Hyundai Motor India (Rs 189 crore),

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Mobile Oil Change Businesses Are Very Hard to Succeed In

There have been many people who have come and gone in the mobile oil change business. It always looks easy from the surface and is relatively inexpensive to start with minimum investment compared to most other businesses. But most mobile oil change operators rarely make it past the first year. In fact most do not make it past the first several months. One has to wonder why such a good idea ultimately ends in failure. Lets take a closer look.

First the profit generated from oil changes is not enough to sustain a healthy business. After you calculate the cost of goods from the total bill there is rarely is more than twenty five dollars net profit made from your typical oil change. And that figure does not include the gas used driving to the actual location. You have to be doing a lot of oil changes per day for … Read More

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The Difference Between Vehicle Hard Disk Video Recorder and Ordinary Video Recorder

The Difference Between Vehicle Video Recorder and Ordinary DVR.

We are always asked by our clients, that is, what is the difference between Vehicle Hard Disk Recorder and ordinary Video Recorder? Actually, this is a professional question.

In light of their uses, there is no big difference, and they are all used for monitoring and recording. However, there is a big difference in light of their working environment.

1. Working Voltage: The Working Voltage of Vehicle Hard Disk Recorder is 24V (direct current), while the ordinary Recorder is 220V (alternating current).

2. Cameras: Vehicle Recorder usually has 2 or 4 cameras, for both monitoring and picturing, while ordinary DVR cameras are all for monitoring.

3. Hard disk: Vehicle Video Recorder adopts 2.5″ mobile disk, with good anti-shock performance, while ordinary ones adopt 3.5″. In addition, the key feature of Vehicle Recorder is its mobility, and easy disassembling, or the monitoring … Read More

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