The sectors that will see positive impact include remote communications; online media, online retail; sectors that benefit from supply chain relocation; and vaccine developers The
Category: EXIM
Covid-19 aftermath: A third of orders cancelled, grave crisis grips export hubs – The Financial Express
With vast swathes of key markets — the US and the EU — badly bruised by the Covid-19 outbreak and migrant workers back home following
New CBIC circular: Import, export of goods without furnishing bonds to Customs authorities allowed – The Financial Express
The CBIC said it has approved relaxation of the requirement to submit bonds. CBIC Circular: The Central Board of Indirect Taxes and Customs (CBIC) on
Covid-19 impact: Global economy could shrink by almost 1 per cent in 2020, say UN – The Hindu BusinessLine
With nearly 100 countries closing national borders during the past month, tourism flows have come to a screeching halt The global economy could shrink by
coronavirus impact on chinese imports: A $163 billion industry struggles to reduce its dependency on Chinese imports – The Economic Times
A 21-day nationwide lockdown and very high dependency on China has meant one of the bright spots in India’s manufacturing sector finds itself in severe
FIEO: Exporters seek nod to restart ops with 50% staff, essential tag – The Economic Times
New Delhi: Exporters have sought that they be allowed to restart operations with 50% staff, in order to help pay wages, prevent migrant labourers from
Top importers of India’s engineering goods are now under lockdown: EEPC India – The Economic Times
Of the top 25 markets, accounting for over 75 per cent of Indian engineering exports, most of the major destinations are in the state of
Centre to extend IGST, compensation cess exemptions under export schemes till March 2021 – The Hindu BusinessLine
ECGC extends timelines, reduces fees to help exporters cope with lockdown Offering some relief to exporters struggling to cope with the effects of the lockdown,
Covid-19 pandemic: Labour-driven export sectors run for cover – The Economic Times
New Delhi | Kolkata: The country’s labour-intensive export sectors such as leather, textiles, gems and jewellery, carpets and handicrafts have borne the brunt of the
coronavirus updates: IMF chief Kristalina Georgieva: We have entered recession – The Economic Times
WASHINGTON: The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva
Forex reserve: Covid effect: Biggest weekly fall in forex reserve since 2008 – The Economic Times
The forex reserve is expected to drain further in the subsequent weeks. India’s foreign exchange reserve fell the most in nearly 12 years by as
Coronavirus lockdown: Exporters urge govt to allow them to operate factories with minimum workforce – The Financial Express
Exporters have demanded a host of steps such as allowing them to operate their factories with minimum workforce, subsidy on interest rates, and extension of
Indian Industry seeks 10-point boost plan from govt for the exporters effected by coronavirus – The Economic Times
By Gaurav Noronha The lockdown has resulted in transportation delays leading to various costs and charges piling up for manufacturers, exporters and importers. Indian Industry
Chinese firms resume export of pharma inputs to India – The Hindu BusinessLine
Ready to provide personal protection equipment too In what could be good news for Indian drug makers, the import of active pharmaceutical ingredients (APIs) and
Indian rupee to average at 77 per US dollar in 2020, 80 in 2021: Fitch Solutions | Deccan Herald
Fitch Solutions on Tuesday revised down its forecast for the Indian rupee, saying the currency will average 77 per US dollar in 2020 and 80
India as a driving force in new trade order – The Hindu BusinessLine
It can be a vanguard among Asian economies, having historically pursued free trade. Present protectionist thinking is unreal In the first part of this article
Covid-19 hurts H-1Bs – The Hindu BusinessLine
Temporary employees, fall guys in a recession As the world slowly shuts down, students and H-1Bs bound for, or already in, the US are likely
Why protecting your money against the US Dollar is important? – The Financial Express
By Mandar Pitale The global economic slowdown triggered by the coronavirus has started hurting the global economy. The collapse in the global oil price and
Centre, RBI must take adequate measures to prevent rupee volatility – The Hindu BusinessLine
While a steady rupee decline is par for the course, sudden declines can be quite disruptive to economic activity and investor confidence The rupee’s sharp
Rupee falls below 75 level against US dollar amid coronavirus scare | Business News,The Indian Express
The Indian rupee weakened further and fell below 75 level against the US dollar on Thursday amid sharp rise in coronavirus cases in the country
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