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
Category: Export-Import Business/News
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)
India-China trade: Engineering goods exports to China, Singapore & Malaysia fall sharply in June: EEPC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/engineering-goods-exports-to-china-singapore-malaysia-fall-sharply-in-june-eepc/articleshow/84668621.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Exports to China, world’s largest buyer of raw material, in value terms declined 33% to US$ 501.9 million in June, 2021 from US$
Semiconductor: Global chip shortage will easily drag into 2022: Stellantis CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/global-chip-shortage-will-easily-drag-into-2022-stellantis-ceo/articleshow/84667762.cmsSynopsis The global chip shortage comes as demand for cars has spiked during the global economy’s recovery from the coronavirus crisis, driving up prices
Cabinet approves ₹6,322 crore PLI scheme for specialty steel – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/cabinet-approves-6322-crore-pli-scheme-for-specialty-steel/article35473666.ece Decision to help create more than 5,25,000 jobs in the country To cut down import dependence and promote the Made-in-India campaign, the Union
Labour Pains: Export hubs face worker shortage – The Financial Express
Clipped from: https://www.financialexpress.com/industry/labour-pains-export-hubs-face-worker-shortage/2293720/ Export hubs of key labour-intensive industries, already struggling to cope with a liquidity squeeze, are facing a shortage of workers, as most migrant
Gems, jewellery exports bounce back to pre-pandemic levels – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/gems-jewellery-exports-bounce-back-to-pre-pandemic-levels/articleshow/84403840.cmsSynopsis The overall gross exports of gems and jewellery witnessed a growth of 8.46% to Rs. 67,265.66 crore during April – June of 2021
