Page 23 - Exports

Exports rise 45% to $33 bn in August; trade deficit at four-month high

This, despite a 45% YoY spike in shipment values; non-oil, non-bullion import growth was 34% YoY

India to export Covid vaccines after its public health needs are met: Govt

The Centre on Thursday said India would start exporting Covid-19 vaccines after its public health needs are met

SC seeks Centre's response on PIL on duty evasion in China iron exports

The Supreme Court Thursday asked the Centre to file its response in two weeks to a PIL seeking a direction to the CBI to register an FIR and probe the alleged duty evasion by 61 iron exporting firms including Essar Steel and Jindal Steel & Power in exporting iron ore to China since 2015. A bench headed by Chief Justice N V Ramana, which was initially of the view that a fresh petition was needed to be filed after withdrawing the present one, later asked the Centre to file its counter affidavit on the PIL filed by lawyer M L Sharma in his personal capacity. This is a serious matter if correct, the bench, also comprising Justice Surya Kant, said. Initially, the bench asked the lawyer to file a fresh petition dealing with the specific roles of companies which have been made parties to the PIL. Sharma said the bench, headed by the then CJI S A Bobde, had considered his submissions while issuing notice on the plea on January 15 this year. Earlier, he had said that the companies be ...

Enabling exports

Taxes paid by exporters should be refunded swiftly

India rice rates at 4-1/2-year low on weak demand, high shipping costs

Top exporter India's 5% broken parboiled variety was quoted at $352 to $356 per tonne this week, down from last week's $354 to $358

Afghanistan: Taliban stopped exports, imports from India, says FIEO DG

Ajay Sahai says Taliban has stopped the movement of cargo through the transit routes of Pakistan, thereby stopping imports from the country

Govt puts curbs on export of Covid-19 rapid antigen testing kits

The government on Monday imposed restrictions on export of Covid-19 rapid antigen testing kits amid several experts warning of a possible third wave of the coronavirus pandemic

Apparel exports to major markets increasing at healthy pace: AEPC

Apparel exports to major markets such as US, Europe, others are recording healthy growth and sector would contribute significantly in achieving India's $400 bn exports target for current fiscal year

At $35 billion in July, India records highest-ever monthly exports

Outbound shipments grew by nearly 50 per cent over July 2020, which can be partly attributed to a favourable base

Covid-19 vaccine export ban 'very bad' move: SII chairman Cyrus Poonawalla

Cyrus Poonawalla, chairman of SII, on Friday termed the ban on Covid-19 vaccine exports imposed by the Union government a very bad move, saying it put his company,in a difficult situation

Strong Q1 show, favourable outlook to support Bharat Forge stock

Company's outperformance in Q1 was due to strong exports, margin gains

Sundram Fasteners posts Rs 120 cr Q1 net profit vs Rs 25 cr year-ago loss

The company's total revenue from operations trebled to Rs 1,112.4 crore from 373.2 crore a year ago

RoDTEP tax refund rates likely by Friday, says Commerce Secretary

The scheme will ensure that exporters receive refunds on the embedded taxes and duties previously non-recoverable

Arvind Ltd's Q1 loss narrows to Rs 11 cr from nearly Rs 100 cr a year ago

Better show on account of growth in exports and signs of recovery in domestic markets

Top headlines: PNB Q1 net profit zooms 231%; PM Modi launches e-RUPI

Business Standard brings you the top headlines on Monday

Exports rise 47.91% in July to $35.17 bn; trade deficit at $11.23 bn

Country's exports grew by 47.19 per cent to $35.17 bn on account of healthy growth in outbound shipments of petroleum, engineering, gems and jewellery, according to data of commerce ministry

SEIS allocation will help tourism-related services

Giving a substantial part of the meagre allocation under SEIS to hotels, restaurants and other tourism-related service providers against their NFE earnings in 2019-20 will help them cope with distress

Exports of livestock products increase to Rs 7,543 cr during Apr-June

The country's exports of livestock products have increased to Rs 7,543 crore during the first quarter of this fiscal, as against Rs 3,668 crore in the same period last year, the commerce ministry said

HP India MD to head ICEA panel to boost IT hardware manufacturing

As the government doubles down on IT hardware manufacturing in the country, the India Cellular & Electronics Association (ICEA) on Wednesday announced a high-level committee to boost manufacturing and exports of the IT hardware (laptop/tablet) sector.

Automobile exports recover in Q1 amid improved pandemic situation globally

Automobile exports from India recovered in the first quarter in all vehicle segments, including passenger vehicles and two-wheelers, witnessing growth as pandemic situation improves