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How Narendra Modi govt will power up exports; check 12 'Champion Services' of change
Thu, Mar 22, 2018
Commerce and industry minister Suresh Prabhu said that the government has already approved a Rs 5,000 crore to promote 12 champion services sectors such as IT, tourism and hospitality. The decision, he said, will drive growth of the services economy in India. We have prepared an action plan for each of these sectors to promote them domestically as well as globally, the minister said.
Exports up 9% in Jan; trade deficit widens to over 3-year high
Thu, Feb 15, 2018
India's exports grew by 9 per cent to USD 24.38 billion in January, helped by a healthy growth in shipments of chemicals, engineering goods and petroleum products, even as the trade deficit widened to an over three-year high.
Mauritius largest source of FDI in India, says RBI
Fri, Jan 19, 2018
Singapore and Japan were the next two sources of foreign direct investment (FDI), said the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, released by RBI.
India's trade deficit widens to over three-year high in December
Mon, Jan 15, 2018
The trade deficit widened to $14.88 billion last month from $13.83 billion in November
Centre, states, industry to discuss export situation on Jan 8
Mon, Jan 01, 2018
In its previous meeting in January last year, issues deliberated upon included improving export competitiveness and creating an environment conducive for promoting exports. They had also discussed about quality and standards of products.
After a blip, exports jump 30.55% to over $26 billion in November
Sat, Dec 16, 2017
After a brief pause, exports rose 30.55 per cent to USD 26.19 billion in November on account of improved global demand, government incentives and simplification of GST refund process.
UK keeps top financial sector global ranking, Brexit seen as risk
Fri, Dec 15, 2017
Britain is sending a trade delegation to China this weekend that will include financial services firms such as the London Stock Exchange to drum up business to help plug any gap in business lost due to Brexit.
Mid-term review of Foreign Trade Policy announced; key highlights
Tue, Dec 05, 2017
It was to be announced together with the implementation of the GST regime, but was postponed to take into account feedback from the export sector regarding the GST-related issues.
Govt says tech glitches led to piling up of export refunds, assures steps
Thu, Nov 30, 2017
The government said that technical glitches have led to export refunds piling up and assured exporters that steps are being taken to fix the problem, EEPC said in a statement today.
Exports body hails govt decision for exemption of bank guarantee
Sat, Sep 30, 2017
FIEO in a statement said micro and small exporters will be immensely benefited from this decision as they were struggling to get bank guarantee
Bajaj Auto Q1 results are one off; exports, three-wheelers to revive growth soon
Mon, Jul 24, 2017
While domestic sales are expected to bounce back in the following quarters this year, the three-wheeler sales and exports are expected to push Bajaj Auto's growth.
India stares at losing Rs 1700 crore worth of EU basmati exports to Pakistan
Wed, Jul 05, 2017
Ahead of the visit of an Indian delegation to the EU to resolve the basmati rice issue, grain exporters body AIREA today said tough norms by the European Commission will hit the exports badly as the trade worth over Rs 1,700 crore could shift to Pakistan.
India GDP growth to remain flat at 7.1% in FY18: HSBC
Sun, Jun 04, 2017
India's economic growth is expected to remain flat at 7.1 % in current fiscal as investment is still weak and government spending might not be as high given the fiscal consolidation, says an HSBC report.
Cow slaughter ban: India may import American hides to meet leather demand
Sun, Jun 04, 2017
The ban on sale of cattle for slaughter, which has cast a shadow on the leather industry and created concern among importers, could pave the way for American cattle hide to India in the long run, Calcutta Leather Complex Tanners Association president Ramesh Juneja said.
Canada lentil exporter AGT says expects India trade snag solution
Thu, May 18, 2017
AGT has shipped minimal volumes to those markets, but expects sales to gradually increase shipments leading into Canada`s harvest period starting in August, Al-Katib said.
India's service exports rises 3.4% in FY17: RBI
Mon, May 15, 2017
Service exports of India grew to $160.68 billion last fiscal and maintained India's position as one of the major economies contributing to world services export industry.
Growth in gold, crude oil imports sees three-fold rise in India's trade deficit
Mon, May 15, 2017
While gold imports in India rose three-fold during April, crude oil imports further grew by 30% putting more pressure on out trade deficit.
India's strong export growth continues with 20% rise in April
Mon, May 15, 2017
Exports from India grew to $24.63 billion in Apri 2017 growing by nearly 20% in comparison the same month last year.
GST will have a macro economic impact, says RBI
Fri, May 12, 2017
It said the GST is expected to reduce administrative costs for collection of tax revenue and improve revenue efficiency while uniformity in tax rates and procedures will lead to economy in compliance cost.
Hyundai records marginal 3.6% growth in car sales in April
Mon, May 01, 2017
The carmaker, however, said its exports during the month declined by 3.8 per cent to 11,610 units as compared to 12,069.