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  • Services PMI falls for first time in 8 months as domestic demand disappears, export orders nosedive Jun 03, 2021 12:07 PM IST

    Services PMI falls for first time in 8 months as domestic demand disappears, export orders nosedive

    Export orders nosediving to 6-month lows and lack of domestic demand led to the first decline in sales since September 2020 for services companies. As a result, the sector lost jobs for the sixth straight month.

  • India-China trade grew in pandemic year despite rising barriers May 12, 2021 04:55 PM IST

    India-China trade grew in pandemic year despite rising barriers

    Work from home and online classes drove imports of telecom devices and computer hardware; ores, iron and steel, and organic chemicals were top exports from India

  • Explained | Why is US considering major retaliatory tariffs against India? May 11, 2021 05:44 PM IST

    Explained | Why is US considering major retaliatory tariffs against India?

    A hearing by the USTR on May 11, attended by respondents from Indian industry, gathered feedback on whether additional tariffs of up to 25 percent should be imposed on India’s major exports to the US such as sea food, basmati rice, diamonds and jewellery. The US move was provoked by India's decision to stick to its digital tax for foreign entities.

  • Ideas For Profit: Reasonable valuation, robust long-term triggers place Bajaj Auto in a sweet spot Apr 30, 2021 08:40 PM IST

    Ideas For Profit: Reasonable valuation, robust long-term triggers place Bajaj Auto in a sweet spot

    Positive outlook for domestic and export segments, reasonable valuation, strong product pipeline and a bounce-back in demand for premium bikes make Bajaj Auto an attractive bet for the long haul.

  • Govt confident of having overcome severe shortage of shipping containers Apr 30, 2021 01:44 PM IST

    Govt confident of having overcome severe shortage of shipping containers

    The crisis began in late 2020 due to a sharp mismatch in import and export volumes, port congestion across the Asia Pacific region due to Covid-19, and restrictions on trade

  • Commerce ministry starts COVID-19 helpdesk to resolve import, export issues Apr 26, 2021 03:12 PM IST

    Commerce ministry starts COVID-19 helpdesk to resolve import, export issues

    The Directorate General of Foreign Trade (DGFT), an arm of the ministry, took this initiative to monitor the status of exports and imports, and difficulties being faced by trade stakeholders in view of the surge in COVID-19 cases.

  • Remdesivir Explained: From shortage, export ban to Centre's role in allocation Apr 22, 2021 04:34 PM IST

    Remdesivir Explained: From shortage, export ban to Centre's role in allocation

    After state government requests, the Minister of State for Chemicals and Fertilisers, Mansukh Mandaviya, held meetings with drug manufacturers in which it was decided to reduce prices of Remdesivir and increase its production to up to 78 lakh vials per month

  • Anti-China sentiment: India should seize the opportunity in textile exports Apr 22, 2021 09:53 AM IST

    Anti-China sentiment: India should seize the opportunity in textile exports

    India gained market share in US imports of cotton home textiles in 2020 and this year. Exports of readymade garments rose in March after several months of declines

  • India hopeful US will soon end curbs on vaccine raw materials export: Government sources Apr 20, 2021 08:36 AM IST

    India hopeful US will soon end curbs on vaccine raw materials export: Government sources

    One of the officials said the administration of President Joe Biden had told India that its request was being considered and would be acted upon "at the earliest".

  • India’s cotton exports surge despite COVID-19 hurdles in 2020 Apr 09, 2021 09:28 AM IST

    India’s cotton exports surge despite COVID-19 hurdles in 2020

    Inspite of the lockdown and restrictions, India’s export of cotton doubled in 2020 (April-December) compared to the previous year over the same period, shows official data

  • PMI at 54.6: Lower footfall, COVID-19 restrictions, rising expenses dampen services activity in March Apr 07, 2021 12:03 PM IST

    PMI at 54.6: Lower footfall, COVID-19 restrictions, rising expenses dampen services activity in March

    While domestic business continued to rise for service providers, export orders remained contractionary for the 13th straight month in March. Job losses also continued in the sector.

  • US outlines long list of import restrictions against American goods in India Apr 04, 2021 03:44 PM IST

    US outlines long list of import restrictions against American goods in India

    India figures prominently in the 2021 National Trade Estimate Report by the United States Trade Representatives, an annual compendium of Washington DC's complaints against the trade mechanism of various economies. The fact that this comes only months after the Joe Biden administration took charge has made policymakers apprehensive.

  • US exporters continue to encounter significant barriers in India: Report Apr 01, 2021 08:23 AM IST

    US exporters continue to encounter significant barriers in India: Report

    In its annual 2021 National Trade Estimate Report on Foreign Trade Barriers, the US Trade Representative (USTR) said on Wednesday that while the Indian government pursued ongoing economic reform efforts, it also continued to promote programmes like ''Make in India'' that favour domestic production over importation.

  • Current Foreign Trade Policy gets second extension, to run till September 30 Mar 31, 2021 09:50 PM IST

    Current Foreign Trade Policy gets second extension, to run till September 30

    The yet-unfinished work of finalising tax refund rates for exports under the new Remission of Duties and Taxes on Exported Products scheme has derailed the government's plan to unveil a new FTP. The lack of a clear consensus on whether to continue with export incentives for services exporters have also contributed to the latest decision.

  • Exclusive | As shipping schedules get affected, exporters choose to wait and watch the Suez canal drama Mar 26, 2021 04:28 PM IST

    Exclusive | As shipping schedules get affected, exporters choose to wait and watch the Suez canal drama

    The Suez Canal is the primary route for ships moving between India and Europe and the traffic hold-up has begun to affect the tight schedules of commercial shipping lines operating in India. But exporters remain hopeful that a backlog of up to 7-10 days can be overcome with some planning and speedy clearance by the Customs authorities.

  • Exports rise for third straight month in February, trade deficit spikes 24% Mar 15, 2021 06:20 PM IST

    Exports rise for third straight month in February, trade deficit spikes 24%

    Imports continued to rise at a faster pace in February. As a result, the trade deficit also spiked by 24 percent to $12.6 billion.

  • Exclusive | FSSAI may soon begin to set standards for food exports creating single regulator in sector Mar 09, 2021 05:37 PM IST

    Exclusive | FSSAI may soon begin to set standards for food exports creating single regulator in sector

    Industry insiders say food manufacturers and vendors had pushed for the proposed move, arguing for more ease of doing business. Currently, while FSSAI under the Health Ministry sets standards for food imports, exports are the domain of APEDA under the Commerce Department.

  • 700 international buyers expected at India's largest F&B trade fair in March Mar 08, 2021 02:56 PM IST

    700 international buyers expected at India's largest F&B trade fair in March

    The fourth edition of Indusfood, which is slated to be held in Greater Noida, will be the first major trade fair to be organised physically after the COVID-19 pandemic that erupted last year.

  • Exclusive | Exporters yet to receive tax refunds of Rs 25,000-30,000 crore from Centre as liquidity crisis hits hard: FIEO Feb 18, 2021 12:47 PM IST

    Exclusive | Exporters yet to receive tax refunds of Rs 25,000-30,000 crore from Centre as liquidity crisis hits hard: FIEO

    The government's largest export incentive policy, the Merchandise Exports from India Scheme (MEIS), has been discontinued from January 1, 2021. Covering upto 75 per cent of India's total exports, it was a crucial support to exporters. Now, even as tax refunds under MEIS remain stuck with the government, exporters say that it's replacement, the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, is unfinished and insufficient.

  • Gem, jewellery sector viewed as thrust area for export promotion: Hardeep Singh Puri Jan 18, 2021 04:13 PM IST

    Gem, jewellery sector viewed as thrust area for export promotion: Hardeep Singh Puri

    At the inaugural ceremony of 5-day e-IGJS (International Gem and Jewellery Show) organised by Gem Jewellery Export Promotion Council (GJEPC), the minister stated that the trade fair at an ideal time as demand for gems and jewellery from all of the major markets is picking up with the rollout of vaccines against COVID-19, which has already started in India.

  • ‘Halal’ removed from India’s Red Meat Manual Jan 05, 2021 10:36 AM IST

    ‘Halal’ removed from India’s Red Meat Manual

    Words like “halal”/“halal method” have been deleted in the manual and replaced with “slaughter as per requirement of importing countries”.

  • China Shadow: India’s trade explained in 4 charts Jan 05, 2021 09:43 AM IST

    China Shadow: India’s trade explained in 4 charts

    India’s goods exports fell by nearly 18 percent and imports by 33 percent during April-November 2020, year-on-year, according to official data. While imports from China and other top trading partners reported a decline, exports to Beijing registered a growth.

  • Steelmakers write to PMO defending price hike, demand iron ore export ban Dec 29, 2020 05:56 PM IST

    Steelmakers write to PMO defending price hike, demand iron ore export ban

    Hot-rolled coil prices have increased by 46 percent to Rs 52,000 per tonne in November as compared to Rs 37,400 per tonne in July this year. Rebar TMT, which is used in the housing and construction sectors, had touched Rs 50,000 a tonne, industry sources said.

  • India would be an engine of global growth, help revive global economy significantly: FM Nirmala Sitharaman Dec 18, 2020 08:19 PM IST

    India would be an engine of global growth, help revive global economy significantly: FM Nirmala Sitharaman

    Finance Minister Nirmala Sitharaman said investment in health is going to be critical, not just to keep lives safer, but also to make health and health-related expenditures more predictable.

  • Production-linked incentive scheme for 10 sectors | The story so far Nov 17, 2020 05:38 PM IST

    Production-linked incentive scheme for 10 sectors | The story so far

    In order to reduce India's dependence on China, the government in March had announced a scheme that aims to give companies incentives on incremental sales from products manufactured in domestic units.

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