Clipped from: https://www.thehindubusinessline.com/economy/cbic-notifies-new-system-for-filing-bill-of-entry-for-importers/article34197122.ece Hopes to facilitate faster clearance The Central Board of Indirect Taxes and Customs (CBIC) has notified a new system for filing Bills of
Category: EXIM
Higher import tariffs will hurt Atmanirbharta – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/higher-import-tariffs-will-hurt-atmanirbharta/article34200087.ece?homepage=true A well-calibrated Foreign Trade Policy is key to helping import competing industries. Higher import tariffs will hurt exports An overarching goal of the
DGFT extends deadline for track & trace system in pharma exports till April 1, 2022 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/dgft-extends-deadline-for-track-trace-system-of-pharma-exports-till-april-1-2022/article34201149.ece?homepage=true The Directorate General of Foreign Trade (DGFT) has extended the deadline for implementation of the track and trace system in pharma exports till
MSMEs look at Foreign Trade Policy for relief from up to 50% spike in input, fuel costs – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/msmes-look-at-foreign-trade-policy-for-relief-from-up-to-50-spike-in-input-fuel-costs/articleshow/81752705.cmsSynopsis The Ministry of Commerce and Industry is likely to roll out its new foreign trade policy for a five-year period effective from April
Govt likely to extend further current foreign trade policy – The Financial Express
Clipped from: https://www.financialexpress.com/economy/govt-likely-to-extend-further-current-foreign-trade-policy/2223488/ FTP provide guidelines for enhancing exports to push economic growth and create jobs. In such a policy, the government announces support measures for
Govt may wait for clarity before announcing new foreign trade policy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/govt-may-wait-for-clarity-before-announcing-new-foreign-trade-policy-121032800859_1.html The latest trade figures show that between April 2020 and February 2021, exports of merchandise and services stood at $439.64 billion The Foreign Trade
foreign trade policy: How an effective trade policy can help MSMEs spread their wings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/how-an-effective-trade-policy-can-help-msmes-spread-their-wings/articleshow/81720782.cmsSynopsis India’s Foreign Trade Policy should pave newer ways for small businesses and freelancers to grow their presence beyond the country and reach global
View: New foreign trade policy is an opportunity for MSMEs to leverage e-commerce for their growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/view-new-foreign-trade-policy-is-an-opportunity-for-msmes-to-leverage-e-commerce-for-their-growth/articleshow/81713632.cms Synopsis–India’s 2021-26 foreign trade policy (FTP), currently under formulation, is likely to be released on April 1. The earlier FTP that was due
Following record accretion, RBI stops adding to its forex kitty since February – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/following-record-accretion-rbi-stops-adding-to-its-forex-kitty-since-february/article34093285.ece India’s foreign exchange reserves are amongst the highest globally, standing at $580 billion as on March 5, 2021. But the reserves have been
Faceless assessment will upgrade Customs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/faceless-assessment-will-upgrade-customs/article32153015.ece Interface for virutal examination – Getty Images/iStockphoto Interface for virutal examination – Getty Images/iStockphoto× It will do away with rent-seeking and bring in
New FDI route through NRIs? – The Financial Express
Clipped from: https://www.financialexpress.com/economy/dpiit-note-new-fdi-route-through-nris/2216382/ A senior government official told FE that the new notification is essentially a clarification to make it more explicit and clear any doubt.
Solar project companies queue up to cash in on pre-duty benefits | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/solar-project-companies-queue-up-to-cash-in-on-pre-duty-benefits-121032501459_1.html For a project bid in March, import of panels would take place between June and July 2021 Sector analysts expect basic Customs duty
DGFT to go fully digital, contactless, faceless, paperless: Commerce Secretary – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/dgft-to-go-fully-digital-contactless-faceless-paperless-commerce-secretary/article34134949.ece Department to help States prepare annual export ranking index for districts The Directorate General of Foreign Trade (DGFT) will soon be completely digitised
Centre readies draft plan for district-wise export promotion – The Hindu
Clipped from: https://www.thehindu.com/business/centre-readies-draft-plan-for-district-wise-export-promotion/article34135100.ece Government eyes double-digit export growth in 500 districts in 3-5 years The government has readied a draft district-wise export promotion plan for 451
Rising interest rates, inflation and currency depreciation – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-rising-interest-rates-inflation-and-currency-depreciation/2218005/ If interest rates in India go up, foreign portfolio investment will increase. This will lead to an increased demand for the Rupee and
Supply bottlenecks leave ships stranded, businesses stymied – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/supply-bottlenecks-leave-ships-stranded-businesses-stymied/articleshow/81625036.cmsSynopsis Exporters are also feeling the impact of the bottlenecks. When containers are unloaded at the ports, many are being sent empty back to
At $36 billion, FPI inflows into equities at record high since FY13: RBI report – The Financial Express
Clipped from: https://www.financialexpress.com/economy/at-36-billion-fpi-inflows-into-equities-at-record-high-since-fy13-rbi-report/2217269/ Prior to this, overseas investors had invested Rs 23,663 crore in February and Rs 14,649 crore in January, on a net basis. According
Garment Exporters Do Have A Point–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/garment-exporters-do-have-a-point/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Indian garment exporters are right to worry about
Global demand boost for Indian exporters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/global-demand-boost-for-indian-exporters/articleshow/81620476.cmsSynopsis Attributing the increase to global demand for plastics, chemicals, engineering goods and low-value lifestyle products such as machine made carpets and non-leather footwear,
Take steps to contain further deterioration in exports, imports: Parliamentary Panel – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/take-steps-to-contain-further-deterioration-in-exports-imports-parliamentary-panel/articleshow/81563031.cmsSynopsis A report by the department-related Parliamentary Standing Committee on Commerce said the committee is perturbed to note the “precipitous” decline in both exports
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