The committee will take up the issue of delays in GST refunds to exporters and the resultant shortage in working capital
Realisation from exports stood at Rs 11,621.97 per tonne in the said period. The total value of exports stood at Rs 1,098.58 crore and the volumes 9.45 lakh tonnes in April-June of 2017-18, according to the data maintained by the National Horticultural Research and Development Foundation (NHRDF).
"Reduction of the GST rate on supply of scrips like merchandise exports from India scheme (MEIS), service exports from India scheme (SEIS), duty free import authorisation (DFIA) from 12 per cent to 5 per cent follows the fitment formula adopted by the Council," FIEO president Ganesh Kumar Gupta said in a statement issued here.
The data underscores the Bank of Japan's view the world's third-largest economy is showing increasing signs of strength as private consumption adds momentum to an export-led recovery.
In the April-June quarter of last financial year, the sector's exports aggregated to USD 8.84 billion, according to the data from Gems and Jewellery Export Promotion Council (GJEPC).
The rupee has risen more than six per cent this year against the dollar. This is in contrast to six consecutive years of depreciation.
China is expected to report another strong month of exports in July, according to a Reuters poll of analysts, which could play into increasing rhetoric from Washington that China unfairly benefits in the trade relationship.
By developing proper supply chain management, agriculturists can be given access to airports and railway stations to sell off their produce at reasonable prices
Indian demand for UK's premium cars rose 8.3 per cent in the first half of 2017. Over the same period, the number of Indian-built models registered by British buyers rose by almost half (48.6 per cent) to 21,135 units.
The country's shipments to China stood at USD 282 million in the April-June quarter of the previous fiscal.
The European Commission has brought down the maximum residue limit (MRL) level for fungicide Tricyclazole in basmati rice to 0.01 mg per kg from next year.
The region should now grow by 5.9 per cent this year and 5.8 per cent in 2018, the Manila-based lender said in a report.
"India, while striving to improve its economic growth, has been enacting a series of policies to increase domestic manufacturing and protect domestic industries and agricultural production that discriminate against US exports and investment," the House Appropriations Committee said in its report accompanying the annual Appropriations Bill 2018.
"The Indian pharmaceutical industry is likely to face competition from other countries to get ANDA (Abbreviated New Drug Application) approval. Apart from this, the Indian pharma companies will continue to witness pricing pressure in the US generics market due to consolidation of distribution channels and increase in competition.
Exports grew 8.2 percent from June last year, data from trade agency International Enterprise Singapore showed on Monday, beating a Reuters poll that predicted a 4.1 percent expansion.
"India's consumption of total finished steel saw a growth of 4.6 per cent in April-June 2017 at 20.999 mt (million tonne) over same period of last year, under the influence of a rising production for sale," the report said.
The study also warns of a continued slowdown in global growth over the coming decade. India and Uganda top the list of the fastest growing economies to 2025, at 7.7 per cent annually.
In April-May last year, the sector's exports aggregated to USD 6.1 billion, according to the data from Gems and Jewellery Export Promotion Council (GJEPC).
"India is a key export market for Israel. Tightening relations with India and this historic visit of the Indian Prime Minister will lead, beyond increasing security exports, to growth in trade in goods and services," Israeli Minister of Economy and Industry Eli Cohen said.
Exports during the month were at 44,389 units as against 39,163 units in June 2016, a rise of 13.3 per cent.
He was speaking after inaugurating the 'Textiles India 2017' seminar at Mahatma Mandir in Gandhinagar.
The world's biggest cotton producer is likely to have harvested 33.63 million bales of cotton in the 2016/17 season that started on Oct. 1, slightly down from 33.78 million bales a year ago, the Cotton Association of India said in a statement.
The previously set USD 900 billion goods and services exports target by 2020 now appear increasingly unachievable given still shaky conditions in the world economy
The trade policy will have to be tweaked to incorporate necessary changes that GST will bring about in India’s indirect tax structure
Australia is about to overtake Qatar as the world's largest exporter of liquefied natural gas. But most Australians face escalating power bills because state governments have restricted further gas exploration and no new coal-fired power stations are being built to replace aging generators that will soon be decommissioned.