Centre allows exporters time till January 31 on origin e-certificate
The Hindu
Three-month breather expected to ease operational challenges for businesses
The Centre has suspended till January 31 a mandatory obligation imposed on exporters from November 1 to obtain online Certificates of Origin (CoO) for every outbound consignment, days after The Hindu reported in trying to comply with the diktat.
The online CoO system, put in place in late 2019 for exports to countries with whom India had a preferential trade pact, was expanded to cover all merchandise exports from November through a trade notice issued on October 18.
In a fresh notice last Monday, the Department of Commerce said that ‘the transition period for mandatory filing of applications for Non-Preferential Certificate of Origin through the e-CoO platform had been extended’ till January 31.

GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.










