The MSMEs particularly in employment intensive sectors like carpets, handicrafts, apparels, footwear, gems and jewellery, and marine are likely to be worst affected particularly in
Category: EXIM
WTO-proof: Cabinet approves major export scheme to replace MEIS – The Financial Express
The Cabinet on Friday approved a major export programme that will reimburse all taxes and duties paid on inputs consumed in exports, and replace in
India’s current account deficit shrinks sharply in Oct-Dec quarter – The Economic Times
NEW DELHI: India’ s current account deficit (CAD) narrowed further in the October-December quarter on the back of a contraction in the trade deficit and
forex news: As coronavirus spooks markets, RBI announces $2 billion money shot – The Economic Times
The current account is expected to move to surplus in the March quarter due to a plunge in crude oil prices The Reserve Bank of
Rupee can slip 3% more; rate cut, regulatory intervention needed | Business Standard News
While lower crude prices are Rupee supportive, outflows from capital markets on risk aversion would offset that The mayhem and bloodbath in domestic assets continues
Impact of coronavirus outbreak a mixed experience for India’s exporters | Business Standard News
The Ministry of Commerce and Industry has drawn up a list of 500 items that Indian firms could provide replacements for India’s exporters have had
Smartphone companies warn India of looming WTO probe into duty format – The Economic Times
NEW DELHI: Smartphone makers including Apple and Lava have told the government that India’s $28 billion handset manufacturing industry faces a looming threat posed by
‘Drugs imported from unregistered dealers cannot be sold to local buyers’ | Business Standard News
Q. We are pharmaceutical manufacturers. We had imported raw material under the advance authorisation scheme to export the final product to USA. Due to business/trade
Indian importers from China facing coronavirus heat; to discuss problems with govt – The Hindu BusinessLine
Commerce Minister to meet industry, export councils today to discuss both challenges and opportunities Businesses that have been adversely affected by the deadly coronavirus, with
Rupee closes flat at 73.19 as coronavirus scare keeps rate cut optimism in check | Deccan Herald
The rupee swung wildly before closing flat at 73.19 against the US currency on Wednesday as increasing number of coronavirus cases in India kept investors
coronavirus updates: Coronavirus pushes the world to its first contraction since 2009 – The Economic Times
By William Horobin Global economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, challenging
Virus vs trade | Business Standard Column
Will future economic historians look back on the first months of the year 2020 as the period in which the advancing tide of globalisation was
Rupee could come under pressure | Business Standard Column
The black swan of the coronavirus continues to impact the global economy. As of now, there are more infections popping up. China is the world’s
Govt to meet exporters on Mar 3 to discuss opportunities amid coronavirus | Business Standard News
The commerce and industry ministry has convened a meeting of exporters and industry on March 3 to discuss export and import opportunities emerging on account
‘Export incentives available on rupee payment through Vostro account’ | Business Standard News
Q. We have made a shipment denominated in Indian rupees to UK and USA. We have received payment through banking channels and our bank has
Forex reserves touch lifetime high on rise in foreign currency assets | Business Standard News
The country’s foreign exchange reserves swelled by $ 3.091 billion to a lifetime high of $ 476.092 billion in the week to February 14, mainly
FinMin allows waiver of late fee for delayed clearance of import containers from China – The Hindu BusinessLine
Since the related documents are stuck in offices at source, importers are unable to file Bills of Entry on time The Union Finance Ministry taking
Swaminathan Aiyar on coronavirus crisis and how it can impact Indian economy – The Economic Times Video | ET Now
Swaminathan Aiyar on coronavirus crisis and how it can impact Indian economy ET’s Consulting Editor Swaminathan Aiyar shares his views on the novel coronavirus outbreak
Coronavirus impact: Containers from China languish at Indian ports on documentation woes – The Hindu BusinessLine
Thousands of containers that arrived from China post outbreak of Coronavirus are stranded at various Indian ports as documents giving details of goods inside the
Coronavirus could damage global economic growth in 2020: IMF – The Financial Express
But the world should be concerned “about sluggish growth” impacted by uncertainty, said the IMF chief. The coronavirus epidemic could damage global economic growth this