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,
Category: Export-Import Business/News
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
Exporters have started feeling pinch of coronavirus, says industry body | Business Standard News
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
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
