Page 27 - Indian Exports

Govt extends foreign trade policy, other export benefits for one year

Currently, tax benefits are provided under the Merchandise Export from India Scheme for goods and the Services Export from India Scheme).

Exports head towards contraction as orders from US, Europe vanish

With global oil prices dipping to record lows, petro exports to bring less revenue

Exporters have started feeling pinch of coronavirus, says industry body

Federation of Indian Export Organsations (FIEO) said they are expecting that in the coming days significant number of such requests would come which could eventually lead to cancellation of orders

Coronavirus: Exporters seek duty reduction, logistics support from Centre

Meanwhile, Irdai was asked to review existing insurance products to ensure risk cover against loss because of abnormal delay in delivery of shipments

Cabinet may approve scheme for exporters to reimburse levies on Friday

Finance Minister Nirmala Sitharaman had announced about the scheme for remission of duties and taxes on export products (RoDTEP) in her Budget speech on February 1

Port reforms: The next big step

Cabinet clearance of the Major Port Authority Bill, 2020, should breathe new life into government-owned major ports

Apeda blacklists basmati rice brands Mohsen and Avazah over defaults

Agency will not issue requisite certificate clearing exports under these two labels, due to persistent non-payment by Gulf importers for consignments shipped from Indian shores

India's race for higher growth: A local buffalo race holds the lessons

A local buffalo race holds lessons for growth - internal strength may be more important than external support

Coronavirus: FM takes stock of trade issues, sees no impact on prices

The development comes in the wake of issues surrounding imports from and exports to China even as the Coronavirus outbreak grips that country

Importers, exporters to mandatorily declare GSTIN in documents from Feb 15

While importers are paying IGST on imports but not claiming credit for the same. This essentially means that the supply of imported goods to domestic channels is being done without a bill

Economic Survey 2020: Jobs as an outcome of an exports strategy

The Survey does not address the problem of jobs comprehensively. Volume I does not use any data on jobs at all

Economic Survey should deal not just with 'Whats' & 'Whys' but also 'Hows'

Survey lessons like exports' importance for growth and jobs, how govt intervention in markets can be harmful, and wealth creation via privatisation should have been imbibed long ago, writes T N Ninan

Manufacturing goods tackle minefield of restrictions to reach China

The last of a three-part series on rising non-tariff barriers to Indian exports explores how manufacturing shipments are trying but failing to enter China

Budget wishlist: Exporters seek clarity on slow tax refunds, key schemes

Exporters also hope the Budget will clear the confusion around the old MEIS, which has been discontinued by the government as well as the uncertainty over the awaited RoDTEP scheme

Exporters approach court over cess on export incentives, get interim relief

The high court granted interim relief to petitioners against any "coercive" measures by the authorities

Govt to retain exports scheme till March after WTO asked for its scrapping

The government had decided to discontinue MEIS--its largest export promotion scheme--after the WTO said it distorted trade.

India can explore $82 bn export potential in 20 products in China: Report

Currently, India meets only 3.3 per cent or USD 2.7 billion of the total annual import demands of USD 82 billion for these 20 products in China

Tiruppur, once the thriving export hub of Tamil Nadu, is fraying at edges

GST glitches are crimping working capital supply and adding to the difficulties of competing against nimble, low-cost competitors in other countries

Steep rise in China demand helps arrest decline in marine exports

Value of shipments to that country rose 257 per cent to reach $811 million in FY19, and to $1,025 million in the first eight months of the current financial year

Agricultural goods can fetch India additional $97 bn in exports: FAO

Select agri and agri-based commodities like meat, milk and fruits, among others, present export opportunity worth over USD 97 billion (about Rs 6.9 lakh crore) for India, as per data from the Food & Agriculture Organisation. India's export share in agri items such as bananas, oranges, chicken, meat, and milk products like cheese and butter milk is miniscule at present, the data showed. The country's share in the global market for 19 commodities was a miniscule 1.5 per cent, or around USD 1.5 billion (about Rs 10,650 crore), in 2017 against a potential of USD 97 billion, the World Trade Centre said in a statement on Thursday quoting the FAO data released recently. While global market for meat and chicken is a whopping USD 20.6 billion, the country's export share is only 4.04 per cent of this. Similarly, global market for bananas is close to USD 15 billion wherein India's share is a paltry USD 480 million, the statement said. Butter and cow milk provide a USD 8 billion opportunity,