Clipped from: https://www.deccanchronicle.com/business/market/300721/june-qtr-gold-demand-4th-lowest-since-2000.html Despite the lower demand, the imports surged to 120.4 tonnes against 10.9 tonnes in April-June 2020. (AFP) Chennai: Gold saw the fourth lowest quarterly demand
Category: EXIM
High tariffs faced by Indian exporters in EU, UK affecting exports performance: Govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/high-tariffs-faced-by-indian-exporters-in-eu-uk-affecting-exports-performance-govt/articleshow/84888176.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “High tariffs faced by Indian exporters in key markets such as the EU and the UK as compared to zero duty access given
Covid-19 hit MSMEs hard; credit availability, liquidity a challenge: Niti Aayog’s Rajiv Kumar – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/covid-19-hit-msmes-hard-credit-availability-liquidity-a-challenge-niti-aayogs-rajiv-kumar-302882-2021-07-30 Rajiv Kumar says the Centre is working towards a transition to cash-flow based funding for SMEs. Switch from inventory-based credit to cash-flow based
Finance ministry sticks to double-digit economic growth forecast | Business Standard News
clipped from: https://www.business-standard.com/article/economy-policy/finance-ministry-sticks-to-double-digit-economic-growth-forecast-121072901760_1.html Sanyal says ministry’s assessment of inflation remains on a par with RBI’s Principal Economic Advisor Sanjeev Sanyal Even when most global organisations have
Exports poised to see major growth in FY22: India Ratings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/exports-poised-to-see-major-growth-in-fy22-india-ratings/articleshow/84861160.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “A glance at the FY21 data suggests that some of the major export destinations for India’s top 10 major commodities are also the
Govt must not micromanage | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/govt-must-not-micromanage-121072801860_1.html The Centre should focus on broad policy framework rather than micromanaging industrial and developmental activities Micromanagement is when matters that should be left
US, China moves may have big implications for Indian equity markets | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/us-china-moves-may-have-big-implications-for-indian-equity-markets-121072801538_1.html If the Fed announces a taper, it could trigger a correction till 14,000-14,500 in Nifty in next 2-3 months (Photo: Bloomberg) Recent moves
US economic recovery on track despite Covid-19 surge: Federal Reserve | Business Standard News
Clipped from: https://www.business-standard.com/article/international/fed-says-us-economic-recovery-on-track-despite-surge-in-covid-19-cases-121072900035_1.html The Fed also said that higher inflation remained the result of “transitory factors,” meaning it was not an imminent risk The Fed’s policy
Make-in-India must ‘make for the world’ – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/make-in-india-must-make-for-the-world/2299014/ Govt must lower tariff protections for domestic manufacturers to spur them to become globally competitive Unless there is a low and stable tariff
India expected to see 7 per cent growth next fiscal: Chief Economic Adviser K V Subramanian – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/india-expected-to-see-7-per-cent-growth-next-fiscal-chief-economic-adviser-k-v-subramanian/articleshow/84832965.cmsSynopsis The International Monetary Fund (IMF) on Tuesday cut its economic growth forecast for India to 9.5 per cent for the fiscal year to
China solar gear makers threaten to scrap pacts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/renewables/china-solar-gear-makers-threaten-to-scrap-pacts/articleshow/84770365.cmsSynopsis China makes up 80% of the total imports for the Indian renewables industry. This figure balloons to 95%, when Chinese-origin companies operating out
Rationalise Customs duty | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rationalise-customs-duty-121072700009_1.html Besides removing exemptions, overall simplification is necessary In the 2021 Union Budget earlier this year, Union Finance Minister Nirmala Sitharaman announced that hundreds of exemptions
Global trade runs into choppy waters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/global-trade-runs-into-choppy-waters/article35546658.ece The spike in container freight rates smacks of top shipping lines exploiting the market with their oligopolistic power A shipowner tries to fix
The forex bonanza is not a cause for celebration – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/the-forex-bonanza-is-not-a-cause-for-celebration/article35545913.ece Portfolio investment zoomed from $1.4 billion in 2019-20 to $36.1 billion in 2020-21 – REUTERS Portfolio investment zoomed from $1.4 billion in 2019-20
Covid 2nd wave to have more lasting damage on Indian economy, exports key for recovery: Moody’s Analytics – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/covid-2nd-wave-to-have-more-lasting-damage-on-indian-economy-exports-key-for-recovery-moodys-analytics/articleshow/84761874.cmsSynopsis In its report titled ‘APAC Economic Outlook: The Delta Roadblock’, it said that social distancing is weighing on the current quarter but economic
Taming rising freight rates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/taming-rising-freight-rates/article35522898.ece Freight cost: Given that shipping rates are market driven, it is not going to be that easy to control rates – The Hindu
The flip-side to building forex reserves – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-flip-side-to-building-forex-reserves/article35526054.ece?homepage=true Ample reserves are a source of comfort, but there are costs in managing them as well as risks due to debt and hot
Govt must cut number of slabs in Customs duty | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/govt-must-cut-number-of-slabs-in-customs-duty-121072600027_1.html The finance ministry has made a good beginning by reviewing the exemptions with intent to eliminate them The finance ministry has taken up a review
Success in exporting goods | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/success-in-exporting-goods-121072600014_1.html Firms in India have much to gain by prioritising the export sector, either directly by exporting or by selling to exporting firms It
Customs brokers: CBIC abolishes renewals of licences/registrations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/customs-brokers-cbic-abolishes-renewals-of-licences-registrations/article35519596.ece?homepage=true Also licensee/registration holder can voluntarily come forward to surrender his license/registration if s/he wishes The Central Board of Indirect Taxes and Customs (CBIC)
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