E-commerce firms also making arrangements to keep their supply chains running
The decision to restrict the industrial usage of oxygen has been taken to meet the rising demand for medical oxygen
Last year, India and S Africa, along with 57 other WTO members proposed a temporary waiver from certain provisions of the TRIPS agreement relevant to the prevention, treatment and containment of Covid
In its letter to the MIDC, Nasscom has stressed the need for a clarification while stating that e-commerce companies must be allowed to deliver all goods and services
Trade deficit widens to $14 billion despite 54% jump in imports
Order steers clear of confusion on essentials and non-essentials, allows inter and intra city movement of goods, unlike Maharashtra, where clarity on this took some time
This is mainly due to robust double-digit growth in exports, coupled with contraction in imports
Launching e-Santa, the minister said the platform will change the traditional way of carrying out business on word-of-mouth basis and will make the system more formal and legally binding
The cumulative decline during April-February (2020-21) was 11.3%, compared to a growth of 1% during the same period a year ago
While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar PV modules is Rs 4,500 crore
The new scheme aims to refund to exporters the embedded non-creditable central, state and local levies paid on inputs.
Local manufacturers may delay investments in building capacity to assemble
The bigger idea is to cut logistics cost, travel time and enhance competitiveness of domestic manufacturing
Singapore is the top source of FDI in India, with 30.28% share of entire FDI equity inflow. US comes next, with 24.28% and UAE at 7.31%
The sharp jump in exports can be attributed to a low base as March 2020 saw the outbreak of Covid-19 and a subsequent nationwide lockdown
India becomes a net importer in March, trade deficit widens to $14 billion
Indian FMCG majors like ITC, Adani Wilmar & Marico, apart from MNCs like Nestle are expected to benefit
Cotton, sugar, organic chemicals, pharmaceuticals, iron and steel, and plastic are top exported items to Pakistan
Exemption from payment of IGST and compensation cess on the imports made under advance authorisations and by export oriented units has also been extended
Officials said that a delay in spelling out a fresh five-year roadmap on international trade will give policymakers more time to take decisions on crucial policies