Jul 29, 2021 02:39 PM IST
While the government says misuse of incentives is a major major problem, exporters say they are victims of undue harassment by various authorities.
- Jul 17, 2021 09:35 AM IST
Equity markets declined as investors turned risk-averse, with defensive stocks gaining both on Wall Street and in Europe.
- Jul 16, 2021 06:58 PM IST
Lack of carrying capacity, inadequate large domestic ship manufacturing, international alliances by large shipping companies and geopolitical trade wars, are the four reasons why Indian firms need assistance
- Jul 15, 2021 06:26 PM IST
The headline numbers jumped high due to a rise in global orders, increasing commodity prices and continuing low base as trade had crashed during May, 2020 when the COVID-induced lockdown was in full swing. But citing a nearly 30 percent growth after comparing with June, 2019, the government has expressed confidence that exports are well on their way towards recovery.
- Jul 15, 2021 02:19 PM IST
The Cabinet has extended the existing export-promotion scheme for textiles until March 2024 but experts say the sector, which is one of India's biggest job creators, needs more support to face fierce competition from rivals such as Bangladesh, Vietnam and Cambodia
- Jul 13, 2021 03:14 PM IST
Without much publicity, the government has made a major move to break out of the chronic cycle of low working capital that plagues Indian exporters. The proposed International Trade Finance Services platforms will be a major boost to exporters.
- Jul 12, 2021 02:26 PM IST
The enthusiasm of both sides to negotiate lower import duties, market access and custom rules may get a rude reminder on the issue of investment protection, which remains unsolved. Europe's earlier demand of first signing an investment pact offering legal protection to its companies in India, may play spoilsport
- Jul 09, 2021 12:38 PM IST
Rich nations oppose suspension of global intellectual property rights of COVID-19 vaccine manufacturers. The latest development may derail the August deadline to conclude talks.
- Jul 01, 2021 03:19 PM IST
Import of Chinese electronics items including mobile phones have risen in 2020-21 despite higher duties and incentives for local manufacture, but they are still lower than imports in 2018-19 and the preceding two years
- Jun 30, 2021 02:16 PM IST
The Niryat Rin Vikas Yojana was announced in September 2019, and served as the anchor in the government's plan to boost trade in Budget 2020. It is yet to be implemented.
- Jun 29, 2021 02:07 PM IST
At a time when directly generating demand is the need of the hour, the government has chosen to pump in money into schemes which will bear fruit slowly. But the announcements in the export sector are set to have long term impact in augmenting India's export footprint globally.
- Jun 23, 2021 01:53 PM IST
In the year, when the pandemic restricted trade, upended logistics networks and shut down factories, India's exports to China rose 27.7 percent in FY21. A closer look at official figures however show that the growth was fueled by higher prices of iron ores, organic chemicals and petroleum.
- Jun 18, 2021 02:28 PM IST
Stagnant for the past three years, India's agricultural exports saw a major rise in pandemic riddled FY21, even as all other sectors witnessed a dip in forex earnings. This comes two years after the Agriculture Export Policy was announced. The policy tapped into global demand and expanded the farm export basket. Pleasantly surprised policymakers are now hoping to recreate this success story in other sectors
- Jun 11, 2021 04:51 PM IST
Sensex and Nifty ended at record closing highs led by gains in metal and IT stocks. Broader markets supported the rally with both small and mid cap indices closing higher. Among sectors, Nifty Metal index gained the most followed by Nifty IT, Nifty Pharma and Nifty Auto. Selling was seen in banks, financials and FMCG sectors.
- Jun 10, 2021 02:20 PM IST
Agr exports jumped to $41.25 billion in 2020-21, from $35.16 billion in 2019-20
- Jun 10, 2021 02:07 PM IST
Given the fluctuations in trade, rising demand and growing scarcity of raw material, the proposed Critical Supply Forum will become significant for major users of semiconductors including India.
- Jun 07, 2021 12:00 PM IST
Under its 'India Economic Strategy to 2035’s, Australia aims to significantly expand business with India in diverse sectors such as food and grains, core minerals, and high tech equipment, Australia's senior most trade and investment commissioner in New Delhi told Moneycontrol. Raising the country's awareness of major reforms in India and the progress in ease of doing business remains the main focus right now, she said.
- Jun 04, 2021 04:50 PM IST
Equity benchmarks made a cautious start and settled on a flattish note as traders remained on the sidelines due to the RBI's monetary policy outcome. Barring Auto, Realty & Metals, all sectoral indices closed in the red.
- Jun 04, 2021 08:54 AM IST
Removal of bottlenecks, factor market reforms and free trade pacts are key to boosting outbound shipments of employment-generating products
- Jun 03, 2021 08:59 PM IST
Talks on the proposed Free Trade Agreements with both UK and the EU are progressing at an 'expedited pace', Commerce Secretary Anup Wadhawan has said.
- May 31, 2021 06:21 PM IST
The sector had reported a massive contraction of 47.6 percent in the first quarter. I
- May 28, 2021 12:48 PM IST
"It is likely to be around USD 21 billion when the full data for the financial year 2020-21 is available. From April 2019 to March 2020, it was USD 23 billion," the envoy was quoted as saying in a Friday weekly on Indian affairs, tabla!
- May 21, 2021 04:33 PM IST
Latest data from the Commerce department for FY21 shows that relatively low value commodities, including both unprocessed raw materials and processed bulk goods, managed to hold their own throughout the pandemic-ridden year. A rise in global commodity prices and unused capacity due to drop in local manufacturing meant many commodity exports even managed to grow in 2020-21.
- May 20, 2021 12:47 PM IST
Genesis Global Trading, New York-headquartered digital asset broker, sent out a note to its counterparties before bitcoin's appreciation, saying macro funds began buying at the $35,000 level.
- May 18, 2021 09:02 AM IST
China also promised to supply 10 million vaccines to COVAX, a global vaccine distribution campaign backed by the WHO.