The move comes in the backdrop of COVID-19's spread in India and it would help in dealing with the crisis, as these kits are required for testing of patients.
The government has allowed exporters having advance licences to ship formulations that have been placed under restricted category.
Exports of fruits, including Alphonso mango, grapes and pomegranates, will be hit badly this year following the breakdown of supply chain and lack of demand as the world is grappling with an economic slowdown due to the COVID-19 pandemic
Congress attacked the government for exporting medical equipment to Serbia when India was reeling under shortage of medical supplies in the wake of rising cases of coronavirus infection.
India, which supplies more than a quarter of the world's generic drugs, last month restricted exports of 26 pharmaceutical ingredients and the medicines made from them. The move was seen as an attempt to secure supplies for its domestic population after the outbreak played havoc with the industry's supply chain globally.
Briefing reporters, Information and Broadcasting Minister Prakash Javadekar said the Cabinet approved extension of scheme for Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups from April 1 onward till the scheme is merged with Remission of Duties and Taxes on Exported Products.
The Nikkei/IHS Markit Services Purchasing Managers' Index climbed to 57.5 in February from January's 55.5. It was the highest reading since January 2013 and comfortably above the 50-mark separating growth from contraction for a fourth month.
It said Indian exporters of electronics, pharmaceuticals, speciality chemicals and automobile segments depend on China for raw material and are facing supply constraints, but there are several areas where there are increased opportunities for domestic traders.
The comments by the Spokesperson in the Ministry of External Affairs came after China raised the issue of India restricting export of certain medical supplies to it following the coronavirus epidemic in that country.
"A 2 per cent additional ad hoc incentive for mobile phones is notified for exports made with let export date from January 1 to March 31, 2020," the Directorate General of Foreign Trade (DGFT) has said in a notification.
The Directorate General of Foreign Trade (DGFT) on December 7 had reduced export incentive from 4 per cent to 2 per cent.
India's government, hoping to rid the country of its vast surplus stocks, last year approved a sugar export subsidy of 10,448 rupees ($145.58) a tonne for the 2019/20 season, looking to encourage some 6 million tonnes of exports.
"S-Presso is a true symbol of Make in India. The car stands testament to our commitment to offer best in design, technology and safety to our customers both locally and globally," MSI Managing Director & CEO Kenichi Ayukawa said.
The Jibun Bank Final Japan Manufacturing Purchasing Managers' Index (PMI) edged up to 48.9 on a seasonally adjusted basis, up a notch from last week's preliminary reading of 48.6 and compared to October's final reading of 48.4.
Replying to supplementaries during the Question Hour, the minister said the government is also engaged in codifying various laws relating to labour into a far more crisper, well defined, easy to navigate and understand set of labour codes and the same would also come up before Parliament soon for approval.
For misuse of facilities, companies have been denied further facilities under the export promotion scheme, their importer exporter code (IEC) has been cancelled/suspended, financial penalty imposed, and recovery proceedings initiated, Commerce and Industry Minister Piyush Goyal said in a written reply to the Lok Sabha.
"Met a delegation of representatives from Seafood Exporters Association to aggressively promote fisheries exports and chalk out a roadmap for USD 30 billion of exports," the minister said in a tweet.
Official data out on Wednesday showed Japan's exports fell 9.2% year-on-year in October, a bigger decline than the 7.6% drop expected by economists in a Reuters poll.
The road transport and highways and MSME minister said the government can think of giving incentives to such clusters, which will have all the facilities like labs and design centres, for the leather industry.
As part of a strategic operations review, the company found its Saldanha operations had lost cost competitive advantage in the export market
Mills were able to export about 3.8 million tonne of sugar during the 2018-19 marketing year (October-September) due to depressed market conditions, against the target of 5 million tonne under the Minimum Indicative Export Quota (MIEQ) scheme.
"Export of rice (basmati and non-basmati) to European Union (EU) countries will require certificate of inspection from Export Inspection Council/Export Inspection Agency with immediate effect," directorate general of foreign trade has said in a notification.
Imports too declined by 13.85 percent to $36.89 billion, narrowing trade deficit to $10.86 billion in the month.
Limited ties with China and a diversified basket proved advantageous as India’s share in world exports rose, even as peers lost out
The vital component of a television set has a 5 percent custom duty while finished products are cheaper to import from FTA countries