Clipped from: https://www.financialexpress.com/economy/import-surge-drives-september-trade-deficit-to-record-22-6-bn/2350065/ However, imports surged at a much faster pace of 84.8% from a year before (albeit on a low base), driving up trade deficit
Category: EXIM
Centre scraps customs duty on crude edible oils, lowers agri cess – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/centre-cuts-duty-on-crude-edible-oils-to-zero-to-rein-in-surging-prices/article36981846.ece?homepage=true Move aimed at tackling surging cooking oil prices, rising inflation The Centre on Wednesday cut the Customs duty on crude edible oils to
Dixon Technologies to make Acer laptops in India under PLI scheme | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/dixon-technologies-to-make-acer-laptops-in-india-under-pli-scheme-121100800027_1.html Dixon is an eligible player for the PLI scheme under the IT hardware category Dixon will also be the first domestic manufacturer to
Exports boost – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/exports-boost/article36826624.ece India’s exports have been resilient to the Covid impact but policies need to be tailored differently India’s export sector may be a middling
Duty cut lifts India’s palm oil imports in Sept to a record 1.4 mn tonnes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/duty-cut-lifts-indias-palm-oil-imports-in-sept-to-a-record-1-4-mn-tonnes/articleshow/86680283.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis India lifted restrictions on imports of refined palm oil and slashed base import taxes on palm oil, soyoil and sunflower oil in recent
Exports jump over 21% to $33.44 billion in September – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/exports-jump-over-21-to-33-44-billion-in-september/articleshow/86686079.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The trade deficit in September was at USD 22.94 billion as gold imports jumped nearly 750 per cent to $5.11 billion. India’s merchandise
ECGC assures exporters against increase in insurance premium despite Covid disruptions – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/ecgc-assures-exporters-against-increase-in-insurance-premium-despite-covid-disruptions-308211-2021-10-01 ECGC CMD M Senthilnathan says all payable claims will be duly paid and that it has enough financial resources to meet any increase
PLI norm for EVs: Too big at birth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/pli-norm-for-evs-too-big-at-birth/articleshow/86659075.cmsSynopsis The rule that existing automakers will need to make new investments of Rs 2,000 crore to qualify for the PLI scheme is too
Breaking: Cabinet approves Rs 4,000 cr investment in ECGC in 5 years – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/cabinet-approves-rs-4000-cr-investment-in-ecgc-in-5-years-307966-2021-09-29 The move will help create 59 lakh new jobs. Capital infusion and planned IPO will increase ECGC’s underwriting capacity up to 88,000 crore
ftp: Industry may find $400 billion exports target a struggle with the FTP extended till March 2022 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/industry-may-find-400-billion-exports-target-a-struggle-with-the-ftp-extended-till-march-2022/articleshow/86580048.cmsSynopsis The FTP is a set of guidelines and instructions by DGFT pertaining to the import and export goods of India. Its aim has
PLI scheme for textiles sector: Only mfg firms registered in India to be eligible for sops – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/pli-scheme-for-textiles-sector-only-mfg-firms-registered-in-india-to-be-eligible-for-sops/article36707327.ece?homepage=true Only one company of a group will be allowed to be registered for PLI for Textiles Only manufacturing companies registered in India will
PLI scheme: Auto component companies hope to pare imports | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pli-scheme-auto-component-companies-hope-to-pare-imports-121092701377_1.html It would also reduce imports from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in
India Exports: India’s agri exports are rising. But its export basket leaves one hungry for more – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/india-agri-exports-are-rising-but-its-export-basket-leaves-one-hungry-for-more/articleshow/86574099.cms SynopsisThe country has to bring in structural changes to improve the situation in agriculture. High-yielding varieties and superior post-harvest management can make the
PLI scheme: Auto component companies hope to pare imports | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pli-scheme-auto-component-companies-hope-to-pare-imports-121092701377_1.html It would also reduce imports from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in
Tariffs & strategy: China can be countered by getting global value chains to shift here. But we have high trade costs
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/tariffs-strategy-china-can-be-countered-by-getting-global-value-chains-to-shift-here-but-we-have-high-trade-costs/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
PIL petitioners must do their homework, can’t just ask for everything under sun: SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/pil-petitioners-must-do-their-homework-cant-just-ask-for-everything-under-sun-sc/articleshow/86555482.cmsSynopsis A bench of Justices D Y Chandrachud and B V Nagarathna refused to entertain a PIL seeking direction for implementation of the National
How to boost export of high-end products – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-to-boost-export-of-high-end-products/article36592657.ece?homepage=true Lowering duties on inputs, inviting investment by large firms in critical products and eschewing pure assembly, will help Just a few decades back,
Focus on agri-exports | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/focus-on-agri-exports-121092101502_1.html The pandemic-driven bonanza will not last The government’s reported plan to reintroduce transport and marketing support for agricultural exports is a timely move. It will
A stalled growth engine | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/a-stalled-growth-engine-121092101494_1.html Household debt-fuelled growth is not sustainable The question of whether private consumption demand, particularly from households, can fuel India’s post-pandemic growth revival is
Putting India’s exports on a sustained growth path – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/putting-indias-exports-on-a-sustained-growth-path/2334797/ The government needs to invest in transport and logistics rather than rely on ad hoc export promotion measures, which have failed to boost