Page 7 - Exporters

SBI asks exporters to trade with Bangladesh in rupee, taka: Report

"The country is facing a shortage of foreign currency due to higher import bills and weaknesses of Bangladeshi taka against dollar in recent times," the SBI said

FIEO plea for sops at odds with govt view

It is difficult to understand why the exporters want the taxpayers' money to further their businesses

Indian exporters should wait before hedging non-dollar exposure: Analysts

Exporters that have shipped goods and expect to earn euros, pounds and the yen are eyeing ways to manage the currency risk as the dollar surges against its major peers

Settling trade in rupee: FTP tweaks may allow traders export benefits

It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to unveil in Sept

RBI's move to settle trade transactions in rupee timely: Exporters

Exporters said the move was a step towards acceptance of rupee as an international currency.

Govt to act against wheat exporters submitting back-dated papers: Minister

The government will take strict action against exporters who are trying to ship or have shipped wheat by submitting back-dated and improper documents following the ban on exports of the crop

SME Chatroom: Banks can write off import entry in IDPMS over quality issues

RBI rules allow AD Category-1 banks to close BoE for such import transactions where write-off is due to short shipment or destruction of goods by port/Customs/health authorities

Indians on Amazon Global Selling to enable $20 bn in exports by 2025

Amazon has doubled the exports pledge and the Indian exporters are on track to surpass $5 billion in cumulative exports on the e-commerce platform.

Several exporters get pending payments for shipments made to Russia

Several exporters have received pending payments for shipments made to Russia before February 24 -- the day Russia-Ukraine conflict began

UK's Winvesta offers Indian exporters alternative payment gateway

UK-headquartered Winvesta, a neobank building cross-border banking and wealth management solutions, has launched a foreign payment collections system for Indian exporters.

Go for $100-bn export target: Piyush Goyal to gem, jewellery exporters

He urged the industry to suggest ways to take the exports to that level by creating incisive marketing tools and irresistible designs

Ukraine crisis: Exporters explore 3 back-up routes to Russia, CIS nations

Russia, Ukraine account for around 80% of India's exports to CIS countries

Interest subsidy scheme for exporters extended till March 2024: RBI

The Reserve Bank on Tuesday extended the interest equalisation scheme for pre and post shipment rupee credit for MSME exporters till March 2024 with the objective of boosting outbound shipments.

Exporters bear the brunt as Russia-Ukraine crisis takes its toll

War could affect export demand as Europe is the largest national export market for India

Russia, Ukraine war impacting export cargoes to CIS nations, say exporters

CIS countries include Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine

Indian exporters fear $400 mn stuck in Russia as West blocks its banks

While exporters will get more clarity on the impact when finer details of SWIFT ban are spelt out, they have had discussions with govt to deal with payment-related challenges

Budget 2022 proposals to push exports, manufacturing: Exporters

Steps announced in the Budget such as extension of the ECLGS scheme, a new law for special economic zones and setting up of 100 cargo terminals will help in boosting economic growth and exports

Budget 2022: Exporters await with scepticism and cautious optimism

In 2021, the economy rebounded strongly from the lows of 2020 thanks in no small measure due to export growth

Union Budget 2022-23: Exporters call for a PLI scheme for containers

Exporters are also hoping for an extension of the Interest Equalization Scheme (IES) for three-five years

Middle-men, traders creating havoc by pushing up price of cotton: Exporters

The TEA said the 11 per cent total import duty existing on cotton has been the reason for the cartelisation of players to increase the domestic cotton prices and make an abnormal profit