financetom
Business
financetom
/
Business
/
Government puts curbs on hydrofluorocarbons exports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Government puts curbs on hydrofluorocarbons exports
Mar 23, 2022 8:59 AM

The government on Wednesday imposed curbs on exports of hydrofluorocarbons (HFCs), used in refrigeration and air-conditioning, to boost domestic availability of the chemical. Exporters will now have to seek permission from the government to export hydrofluorocarbons.

Share Market Live

NSE

"Export policy of hydrofluorocarbons has been revised from free to restricted category with immediate effect, and export authorizations would be issued on no objection certificate (NOC) from Ministry of Environment, Forest and Climate Change," the Directorate General of Foreign Trade (DGFT) said in a notification.

The move assumes significance as the government has extended a Rs 6,238-crore Production-Linked Incentive (PLI) scheme for white goods to boost the manufacturing of components and sub-assemblies of ACs and LED lights.

Earlier this month, the government had imposed similar curbs on imports of HFCs.

Also Read:

Explained: How government's ambitious green hydrogen policy will work

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Qiagen Acquires Genoox for $70 Million
Qiagen Acquires Genoox for $70 Million
May 26, 2025
03:28 AM EDT, 05/13/2025 (MT Newswires) -- Qiagen ( QGEN ) said late Monday it has agreed to acquire Genoox for $70 million in cash plus possible milestone payments of up to $10 million. Qiagen ( QGEN ) said the acquisition of the biotech software company is expected to add about $5 million to 2025 sales while having a neutral...
BRIEF-Medipal Holdings Corp - To Buy Back Up To 1.9% Of Own Shares Worth 8 Billion Yen
BRIEF-Medipal Holdings Corp - To Buy Back Up To 1.9% Of Own Shares Worth 8 Billion Yen
May 26, 2025
Medipal Holdings Corp ( MEPDF ): * MEDIPAL HOLDINGS CORP ( MEPDF ) - TO BUY BACK UP TO 1.9% OF OWN SHARES WORTH 8 BILLION YEN Source text: Further company coverage: ...
Monolithic Power Systems Insider Sold Shares Worth $8,412,000, According to a Recent SEC Filing
Monolithic Power Systems Insider Sold Shares Worth $8,412,000, According to a Recent SEC Filing
May 26, 2025
03:25 AM EDT, 05/13/2025 (MT Newswires) -- Maurice Sciammas, Executive Vice President, Worldwide Sales & Marketing, on May 12, 2025, sold 12,000 shares in Monolithic Power Systems ( MPWR ) for $8,412,000. Following the Form 4 filing with the SEC, Sciammas has control over a total of 199,555 common shares of the company, with 102,325 shares held directly and 97,230...
Copyright 2023-2026 - www.financetom.com All Rights Reserved