Government Banned Import Of Air Conditioners With Refrigerants

Government banned import of air conditioners, steps taken to boost domestic manufacturing. The government on Thursday banned the import of air conditioners with refrigerants. The move has been taken with the intention of promoting domestic manufacturing and reducing imports of non-essential goods.

The Directorate General of Foreign Trade said in a notification, there has been a change in the policy regarding the import of air conditioners with refrigerants. Under this, it has been removed from the free category and put in the restrictive list.

The government is taking steps to boost domestic manufacturing and reduce imports of non-essential goods. Earlier, in June, the government banned imports of new pneumatic tires used in cars, buses, and motorcycles.

It is noteworthy that AC market in the country is $ 5-6 billion, of which the majority is imported. India imports 28 per cent of its requirement for AC from China.

Meanwhile today, on the last trading day of the week i.e. Friday, the stock market opened on the green mark. The Bombay Stock Exchange’s major index Sensex opened at 26,939 points at the 39,989.80 level.

At the same time, the National Stock Exchange Nifty started up 47.05 points at 11,727.40. The stock market closed with a heavy fall on the previous trading day. The Sensex was down 1066.33 points at 39728.41. At the same time, the Nifty was down 290.70 to close at the level of 11680.35.

Among today’s major stocks, SBI Life, HCL Tech, Infosys, Dr. Reddy and Cipla’s shares opened on the green mark. At the same time, NTPC, Itcher Motors, Power Grid, Axis Bank and Asian Paints started on the decline.

Today the sector started flat in the sectoral index. Apart from this, all other sectors opened with an edge. These include Media, FMCG, IT, PSU Bank, Realty, Finance Services, Metal, Auto, Bank and Private Banks.

3.25 lakh crores of investors drowned

Investors lost Rs 3.25 lakh crore in capital due to a sharp fall in the stock markets on Thursday. The rally in the stock markets for the last ten trading sessions came to an end on Thursday. The 30-share BSE Sensex ended with a loss of 1,066.33 points or 2.61 percent at 39,728.41 points.

The market capitalization (market cap) of BSE listed companies declined by Rs 3,25,464.52 crore to Rs 1,57,31,141.32 crore amid the market crash. Barring Asian Paints, all the Sensex stocks lost.