Union Government imposed anti-dumping duty on plastic-processing imports
Union Government on 15 March 2016 imposed anti-dumping duty of up to 44.7 percent on import of plastic-processing machines for five years.
• It will be implemented on the imports from Chinese Taipei, Malaysia, the Philippines and Vietnam.
• The duty will be levied on all kinds of plastic-processing or injection-moulding machines, also known as injection presses.
• According to Central Board of Excise and Customs (CBEC), the safeguard duty was imposed after it was noticed that these imports from other countries led to deterioration of performance of the domestic industry.
• Anti-dumping duty of 27.98 percent has been imposed on plastic-processing machines imported from Chinese Taipei.
• Safeguard duty of 44.74 percent and 30.85 percent has been imposed for the same products imported from Malaysia and the Philippines.
• Imports from Vietnam will attract a levy of 23.15 percent.
• Plastic-processing or injection-moulding machines are used for processing or moulding plastic materials.
• Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry.
• They are not a measure to restrict imports or cause an unjustified increase in cost of products.



India ranked 118th out of 157 countries on the United Nations’ World Happiness Index (WHI) 2016. It was revealed by the fourth World Happiness Report 2016 published by the Sustainable Development Solutions Network (SDSN), a global initiative for the UN.
Lloyd Stowell Shapley, an American mathematician and Nobel Prize-winning economist, died on 12 March 2016. He was 92.
India Inc. on 12 March 2016 formally adopted the United Nations' (UN) agenda for the world's sustainable development and the 17 goals identified for its implementation in Mumbai.
Mauritania on 14 March 2016 became the second African country to ratify the 2014 Protocol to the Forced Labour Convention 1930.
Pope Francis on 15 March 2016 announced that Mother Teresa will be made a saint of the Roman Catholic Church at a ceremony on 4 September 2016.
The United Nations Development Programme (UNDP) on 15 March 2016 suspended Maria Sharapova as a goodwill ambassador.



