Clipped from: https://www.business-standard.com/article/sme/return-of-advance-to-foreign-buyer-after-12-months-requires-rbi-nod-122032100820_1.html Therefore, please send a suitable request to RBI, through your bank, explaining the reasons for the failure to export and the delay in
Category: EXIM
India’s forex reserves see a steep $9.646 billion weekly decline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/indias-forex-reserves-see-a-steep-9646-billion-weekly-decline/article65237944.ece The drop in reserves during the reporting week was mainly due to the foreign currency assets (FCA) declining by $11.108 billion India’s foreign
Auto PLI scheme: Maruti, Hero among 75 firms to get govt’s nod | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/auto-pli-scheme-investment-proposals-overshoots-target-122031501328_1.html Bharat Forge, Bosch India, CEAT, BHEL, and Ola Electric also on the list Photo: Bloomberg Major automotive (auto) component manufacturers and automakers on
Container freight rates set to rise on more China lockdowns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/container-freight-rates-set-to-rise-on-more-china-lockdowns/articleshow/90214122.cms Synopsis The rapid spread of the omicron variant in China is increasing the pressure on already strained supply chains reeling from Russia’s invasion
New solar PLI scheme to cap bidding capacity at 10 Gw for past winners | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/new-solar-pli-scheme-to-cap-bidding-capacity-at-10-gw-for-past-winners-122031001352_1.html The minimum Local Value Addition (LVA) or use of local content for participating manufacturers kept at 90% The new round of the production
Indian exporters on Amazon Global Selling platform cross 100,000 mark | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/indian-exporters-on-amazon-global-selling-platform-cross-100-000-mark-122031000933_1.html Seller numbers up 30% YoY since Jan 2020; value of cumulative overseas shipments surpasses $3 billion Amazon India said that over 100,000 Indian exporters
‘Extension of subsidy a welcome move’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/extension-of-subsidy-a-welcome-move/article65209045.ece The RBI has extended the scheme till March 2024 Exporters say itwill help them make betterpricing decisions The government’s decision to extend the
Export opportunities | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/export-opportunities-122030801634_1.html India should take advantage of higher global food prices Amid the wide-ranging economic fallout of the Russian invasion of Ukraine, the resultant spike
Export-to-GDP ratio: India must get back to 2013-14 level, shows data | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/export-to-gdp-ratio-india-must-get-back-to-2013-14-level-shows-data-122030700924_1.html India is expected to have an export-to-GDP ratio of 20.8% this year; in 2013-14, India’s export-to-GDP ratio was 25.4% On Thursday, while addressing
Tread softly on India’s trade landscape – The Economic Times
lipped from: https://economictimes.indiatimes.com/opinion/et-editorial/tread-softly-on-indias-trade-landscape/articleshow/90001771.cms Synopsis The current account deficit (CAD) had widened to 1.3% of GDP at the end of September from a surplus of 0.9% in
Helpful changes in Customs and GST procedures | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/helpful-changes-in-customs-and-gst-procedures-122030700019_1.html Many Customs notifications allow imports at lower or nil rates of duty, specified goods for use in the manufacture of specified products The Finance
Performance enhancer: PLI alone can’t change the game – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/performance-enhancer-pli-alone-cant-change-the-game/2439549/ Performance-linked incentives may attract investors to India, but cost-of-doing-business must improve to ensure long-term investment Will it be the game-changer the government expects,
As wheat prices soar, India looks for export markets – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/as-wheat-prices-soar-india-looks-for-export-markets/article65191674.ece With huge surplus, can turn Asia’s ‘food bowl’; APEDA in touch with countries, Indian missions abroad India is reaching out to exporters and
Exporters bear the brunt as Russia-Ukraine crisis takes its toll | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/exporters-bear-the-brunt-as-russia-ukraine-crisis-takes-its-toll-122030500067_1.html War could affect export demand as Europe is the largest national export market for India Ukrainian service members near a school building destroyed
Exports up 22% in Feb; trade deficit widens on rising imports – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/exports-up-22-in-feb-trade-deficit-widens-on-rising-imports/article65185159.ece On track to hit $400-billion export target for FY22; Russia-Ukraine crisis weighs Sharp increase in shipments of engineering goods, petroleum products, gems &
Russia-Ukraine war’s impact on global economy: What’s at stake? – BusinessToday
Clipped from: https://www.businesstoday.in/latest/world/story/russia-ukraine-wars-impact-on-global-economy-whats-at-stake-324513-2022-03-02 The Ukraine crisis has both magnified threat and complicated the potential solutions of several economic factors. Here’s a look at how global economy
The import (export) of the war for India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/the-import-export-of-the-war-for-india/articleshow/89931402.cms Synopsis They resumed their march within a week of the Russian invasion. Insurance premiums on cargo to the region are trending up as
Ukraine war may see import bills topping $600 bn this fiscal, pushing up inflation, CAD: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/ukraine-war-may-see-import-bills-topping-600-bn-this-fiscal-pushing-up-inflation-cad-report/articleshow/89936292.cms Synopsis Ratings agency India Ratings said the ongoing geopolitical risks arising from the Russia-Ukraine war would push India’s import bills higher for items
Exporters mull payment alternatives – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/exporters-mull-payment-alternatives/article65182018.ece India’s total exports to Russia were valued at $2.6 billion | Photo Credit: Waldemarus Commerce Ministry officials consult Finance Ministry, RBI to ease
High net exports signal rising pressure on India’s current account deficit | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/high-net-exports-signal-rising-pressure-on-india-s-current-account-deficit-122030200056_1.html Geopolitical risks, hardening commodity prices may push it up more: Experts India’s current account deficit (CAD) is set to widen in Q3 with net exports ratio touching
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