Clipped from: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/garment-exporters-face-potential-loss-of-rs-1200-crore/articleshow/92343936.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The textile industry employs around 45 million workers and is expected to be worth more than $209 billion by 2029. But if
Category: EXIM
*****Sustaining export growth | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/sustaining-export-growth-122050401289_1.html Commodity prices will push up trade deficit The Union Ministry of Commerce has released the preliminary data for India’s merchandise trade during April.
*Enquiries from Russia put exporters in a spot | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/enquiries-from-russia-put-exporters-in-a-spot-122050200014_1.html The immediate challenge of the Indian exporters is to find shipping lines that will take their cargo to Russia. Indian exporters are getting
*Free trade agreement to facilitate duty-free exports to UAE kicks off | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/free-trade-agreement-to-facilitate-duty-free-exports-to-uae-kicks-off-122050200017_1.html The India-UAE CEPA will benefit almost 90 per cent of India’s exports in terms of value Photo: Bloomberg A free trade agreement between India and
*Pharma exports touch Rs 1.83 trillion in 2021-22: Commerce ministry | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/pharma-exports-touch-rs-1-83-trillion-in-2021-22-commerce-ministry-122050100288_1.html The exports in 2021-22 sustained a positive growth despite the global trade disruptions and drop in demand for COVID related medicines Pharma exports
White goods PLI round 2: 19 global, domestic companies file applications | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/white-goods-pli-round-2-19-global-domestic-companies-file-applications-122042700017_1.html A senior government official said the second round of applications was invited as the entire allocated funds were not utilised. As many 19
To boost exports, port logistics must improve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/to-boost-exports-port-logistics-must-improve/article65352154.ece A performance index based on 11 parameters shows ports in the east and the south lag behind the others India has been making
*Export opportunity | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/export-opportunity-122040700031_1.html India can become a reliable grain exporter Union Commerce and Food Minister Piyush Goyal’s optimism about India’s wheat exports scaling a new high
*Game on – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/game-on/article65296537.ece **EDS: IMAGE POSTED BY @PiyushGoyal ON WEDNESDAY, APRIL 6, 2022** Melbourne: Union Commerce and Industry Minister Piyush Goyal addresses a gathering at the
*Can India sustain its export growth? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/can-india-sustain-its-export-growth/article65294535.ece Choppy waters Exports have been growing recently but the outlook remains uncertain RAJESH N RAJESH N Choppy waters Exports have been growing recently
*Wheat exports hit record 7.85 million tonnes in FY22, say traders | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/wheat-exports-hit-record-7-85-million-tonnes-in-fy22-say-traders-122040501484_1.html India achieved its target of exporting 7 mt of wheat on March 21, according to the Indian government, which is yet to issue
*Explain Speaking: How is India’s exchange rate related to its current account deficit, forex reserves, and balance of payment? | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/india-exchange-rate-current-account-deficit-forex-balance-of-payment-7851688/ Essentially, the BoP allows us to figure out the rupee’s exchange rate vis-a-vis the different currencies. What is BoP, how does it balance
*Implications of short-term gain of cheap Russia oil must be weighed | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/implications-of-short-term-gain-of-cheap-russia-oil-must-be-weighed-122040300985_1.html So, India should carefully weigh the short term gains of buying cheap oil from Russia against implications of annoying the western alliances Last
*Exports rise 40% to touch $418 bn in FY22, surpass govt target by 5% | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/exports-rise-40-to-touch-418-bn-in-fy22-surpass-govt-target-by-5-122040300599_1.html The growth was driven by higher demand for items in the petroleum, gems and jewellery, engineering products The value of goods exported from
*****PLI scheme: Govt mulls modifications in PLI Scheme for speciality steel; extends last date for application till April 30 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/govt-mulls-modifications-in-pli-scheme-for-speciality-steel-extends-last-date-for-application-till-april-30/articleshow/90621192.cms Synopsis On July 22 last year, the Union Cabinet chaired by Prime Minister Narendra Modi had approved a Rs 6,322-crore PLI scheme to
*****Current account deficit widens to 9-year high of $23 billion in Q3 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/current-account-deficit-widens-to-9-year-high-of-23-billion-in-q3/article65283006.ece As a percentage of GDP, the current account deficit was at 2.7 per cent during the October-December quarter of FY22 The country’s current
*****Opening up procurement | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/opening-up-procurement-122033101558_1.html UAE trade agreement took a welcome new direction As the Union Ministry of Commerce negotiates a slew of intermediate or “early harvest” trade
*****Testing times for PLI schemes: Covid-related delays put firms in pressure | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/testing-times-for-pli-schemes-covid-related-delays-put-firms-in-pressure-122040101519_1.html Companies have petitioned the government to double the incentive from 2.5 per cent to 5 per cent and extend the tenure This year,
What is Current Account Deficit?–INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/explained/everyday-explainers/explained-what-current-account-deficit-widened-q3-last-fy-7848400/ The widening of CAD in Q3 of 2021-22 was mainly on account of higher trade deficit, according to the Reserve Bank of India.
rbi: Exporters to Russia seek Centre, RBI’s help to clear stuck payments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/exporters-to-russia-seek-centre-rbis-help-to-clear-stuck-payments/articleshow/90580012.cms Synopsis The disruption to Indian companies’ cash flows could have a ripple effect with them delaying payments to workers and suppliers and possibly
