Clipped from: https://www.financialexpress.com/economy/hit-to-exports-exporters-fear-low-rodtep-refunds/2212622/ The Pillai committee was set up only in late July last year to undertake a humongous exercise of recommending RoDTEP rates for thousands
Category: EXIM
US stimulus effect to be felt beyond its shores | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/us-stimulus-effect-to-be-felt-beyond-its-shores-121031500001_1.html The package takes pandemic-related spending in the US to over $6 trillion since the start of the crisis. On Thursday, US President Joe Biden signed
Fed interest rate decision, macro data to guide stock markets this week | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/fed-interest-rate-decision-macro-data-to-guide-stock-markets-this-week-121031400184_1.html Updates on COVID-19 situation and related news will also remain on participants’ radars, says an analyst Indian equity markets will be guided by the US
India FX reserves surpass Russia’s to become world’s 4th biggest | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-fx-reserves-surpass-russia-s-to-become-world-s-4th-biggest-121031400470_1.html Reserves for both countries have mostly flattened out this year Photo: Bloomberg India’s foreign-exchange reserves surpassed Russia’s to become the world’s fourth largest,
China targets 6% growth in 2021; to spend 3 times India’s on defence | Business Standard News
Clipped from: https://www.business-standard.com/article/international/china-targets-6-growth-in-2021-to-spend-3-times-india-s-on-defence-121030600066_1.html 6.8% jump in budget for military to $209 mn is the biggest in 2 years Chinese President Xi Jinping took off his mask
India’s exporters benefit scheme suffers from low outlay, might run into implementation gaps–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/rodtep-indias-exporters-benefit-scheme-suffers-from-low-outlay-might-run-into-implementation-gaps/articleshow/81460575.cms SynopsisWith interest rates at historical lows this is the right time to give a liquidity boost to Indian exporters. While the Union Budget
Customs duty on imported solar cells likely to hike power bill by 20% | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/customs-duty-on-imported-solar-cells-likely-to-hike-power-bill-by-20-121031101415_1.html There is a 14.5-per cent safeguard duty on imported solar gears from China and Malaysia. SEZ manufacturing units are considered on a par
Producers of corrugated boxes in South urge Centre to ban export of kraft paper – The Financial Express
Clipped from: https://www.financialexpress.com/industry/producers-of-corrugated-boxes-in-south-urge-centre-to-ban-export-of-kraft-paper/2210843/ G Nagaraj, president, SICBMA, said that the corrugated box industry is eco-friendly as it uses biodegradable kraft paper as the main raw material.
Dealing with tariff complaints | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/dealing-with-tariff-complaints-121030901706_1.html WTO’s India review shows protectionism has alienated partners The recently released minutes of the meeting at the World Trade Organization (WTO) to discuss
Merchandise export receivables can’t be set off against service import dues | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/merchandise-export-receivables-can-t-be-set-off-against-service-import-dues-121030801164_1.html You may remit the amount against the import of services separately and ask the buyer abroad to remit the full payment against your
Regional Authority becomes redundant as DGFT goes online | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/regional-authority-becomes-redundant-as-dgft-goes-online-121030800008_1.html The prescribed processes for adjudication now require the exporter or importer to submit online the documents called for by the jurisdictional authority In
High Courts serve notice on Centre over IGST rebate by exporters | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/high-courts-serve-notice-on-centre-over-igst-rebate-by-exporters-121011901728_1.html Exporters were earlier entitled to import raw material without payment of IGST under the AA licence Exporters were earlier entitled to import raw
Exporters get the shivers from two provisions in Finance Bill 2020 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/exporters-get-the-shivers-from-two-provisions-in-finance-bill-2020-121022400844_1.html They are worried that the two proposals would make it difficult to seek refunds under indirect tax laws Exporters are a worried lot
Reconsider disallowing IGST for exports: Commerce department to FinMin | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/reconsider-disallowing-igst-for-exports-commerce-department-to-finmin-121022600070_1.html The move to disallow IGST for exporters is aimed to plug large-scale frauds in the GST system Exporters have said that over time
Gujarat HC admits petition to review its order on IGST benefits | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/gujarat-hc-admits-petition-to-review-its-order-on-igst-benefits-121030801019_1.html Petition was heard by a special bench that had given earlier order. Matter posted for hearing on April 9 The court also upheld
CBDT note to face fresh Supreme Court challenge from NRI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-note-to-face-fresh-supreme-court-challenge-from-nri/articleshow/81354433.cms Story outline NRIs who stay 182 or more days have to pay tax on global income NRIs stuck in India were hoping for
Here’s how a crypto ban could hurt India in several ways – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-crypto-ban-could-hurt-india-in-several-ways/articleshow/81367539.cms SynopsisRegulatory uncertainty is a big debilitating factor for any industry, and all the more for a nascent one. Apart from managing capital, which
Across The Aisle: Besides economy, freedom is sliding – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-besides-economy-freedom-is-sliding/2207721/ Amidst a shallow and short-lived recovery and private investment missing, any celebration is totally premature. We must await the estimates for Q4 and
Why the rupee is on a slippery wicket – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/data-stories/data-focus/why-the-rupee-is-on-a-slippery-wicket/article33963655.ece?homepage=true The rupee’s sudden fall on Friday, amounting to 1.4 per cent, took the currency market by surprise. But the mayhem in financial markets
Localisation Clause: Will laptop PLI run into trouble in WTO? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/will-laptop-pli-run-into-trouble-in-wto/2203728/ The government expects the scheme to reduce India’s import dependence for IT hardware in a major way — currently, 80% of the country’s
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