Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/view-will-indias-self-reliance-stance-prove-to-be-a-costly-mistake/articleshow/88940814.cmsSynopsis Team Modi has done a decent job providing physical and digital infrastructure as well as basic services like cheap housing, electricity, water, cooking
Category: EXIM
China Lockdown: Supply chain woes could worsen as China imposes new Covid lockdowns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/supply-chain-woes-could-worsen-as-china-imposes-new-covid-lockdowns/articleshow/88942581.cmsSynopsis China used lockdowns, contact tracing and quarantines to halt the spread of the coronavirus nearly two years ago after its emergence in Wuhan.
Tax hike on components to make mobile PLI uncompetitive for exports: ICEA | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/tax-hike-on-components-to-make-mobile-pli-uncompetitive-for-exports-icea-122011600652_1.html ICEA has said that increase in taxes on components will make the products manufactured in India under the PLI scheme globally uncompetitive. Demanding
India’s trade with China crosses $125 billion, imports near $100 billion – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/indias-trade-with-china-crosses-125-billion-imports-near-100-billion/article38272914.ece Data show continued demand for a range of Chinese goods, particularly machinery India’s trade with China in 2021 crossed $125 billion with imports
December merchandise exports up 40% YoY, hit record $37.81 billion | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/december-merchandise-exports-up-40-yoy-hit-record-37-81-billion-122011400712_1.html Outbound shipments up 29% sequentially; Cumulatively, exports in April-Dec crossed $301 bn, achieving three fourth of annual target of $400 bn in first
RIL, M&M bid for incentives under govt’s Rs 18k-cr battery scheme: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ril-m-m-bid-for-incentives-under-india-s-2-4-bn-battery-scheme-report-122011401151_1.html India last year finalised an incentive program for companies to invest in local manufacturing of batteries as it looks to establish a domestic
Current account deficit, a long story short – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/current-account-deficit-a-long-story-short/articleshow/88884354.cmsSynopsis Higher global oil prices and larger gold imports – around $5 billion per month – have played a key role in pushing up
Enough of the old ‘level playing field’ argument. Reduce trade barriers to make India grow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/enough-of-the-old-level-playing-field-argument-reduce-trade-barriers-to-make-india-grow/articleshow/88862488.cmsSynopsis Data from the IMF’s October 2021 World Economic Outlook reveals that India’s real exports growth moves in tandem with the growth in global
How to avail post-export EPCG duty credit scrip scheme and what exporters must know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/post-exports/how-to-avail-post-export-epcg-duty-credit-scrip-scheme-and-what-exporters-must-know/articleshow/88748157.cmsSynopsis The post-export EPCG duty credit scrip scheme is a popular programme of the DGFT under which the basic customs duty paid on capital
CAD in focus – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-current-account-deficit-which-has-started-to-rapidly-expand-needs-to-be-watched-closely/article38175411.ece The current account deficit which has started to rapidly expand, needs to be watched closely With economic activity slowly moving towards pre-pandemic levels
India’s trade deficit could soon double to $200 billion, as domestic demand drives up imports – The Financial Express %
Clipped from: https://www.financialexpress.com/economy/indias-trade-deficit-could-soon-double-to-200-billion-as-domestic-demand-drives-up-imports/2398711/ The country’s trade deficit is expected to widen to $190 billion in the current fiscal year 2021-22, and further to $200 billion in
How to build a competitive export-ready business – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/process/how-to-build-a-competitive-export-ready-business/articleshow/88726431.cmsSynopsis Whether you are an importer or exporter, make sure you understand the different incoterms thoroughly so that the responsibilities of both the parties
india gold import: India’s spends record $55.7 billion on gold imports in 2021: Govt source – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/indias-spends-record-55-7-billion-on-gold-imports-in-2021-govt-source/articleshow/88684634.cmsSynopsis The 2021 gold import bill easily doubled the $22 billion spent in 2020, and surpassed the previous high, set in 2011, of $53.9
External sector slowly weakening again – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/external-sector-slowly-weakening-again/articleshow/88670363.cmsSynopsis The current account is back in deficit after a modest surplus last year not only because of a widening trade deficit, but pressures
The uneven nature of India’s export growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-uneven-nature-of-indias-export-growth/article38115762.ece Pain point There is an urgent need to address container shortage – PTI Pain point There is an urgent need to address container
India’s current account slips into deficit in second quarter | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-current-account-slips-into-deficit-in-second-quarter-121123100993_1.html Net services receipts decreased marginally over the preceding quarter but increased on a year-on-year basis For the reporting quarter, the deficit was mainly
Firms can submit proposals for semiconductor fabs, display units from Jan 1 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-to-receive-proposals-for-semiconductor-fabs-display-units-from-jan-1-121123001250_1.html Companies can submit proposals for setting up semiconductor and display manufacturing units from January 1 Ashwini Vaishnaw, Minister of Railways, Communications and Electronics
Govt issues guidelines for textiles PLI scheme worth Rs 10,683 crore | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-issues-guidelines-for-textiles-pli-scheme-worth-rs-10-683-crore-121122801194_1.html Companies have to inform the ministry of textiles about their annual investment plan. The Centre on Tuesday released the operational guidelines for the
India can be a winner in semiconductors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/india-can-be-a-winner-in-semiconductors/article38057577.ece In the assembly, testing, marking, and packaging of chips, India has an advantage in terms of its low-cost, technical workforce With the announcement
Anti-dumping duty on imports from China may trigger price rise: Experts – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-anti-dumping-duty-on-imports-from-china-may-trigger-price-rise-experts/2391077/ Ease of Doing Business for MSMEs: India had imposed anti-dumping duty on the axle for trailers (axles are rods or shaft that rotates the wheels
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