Page 30 - Trade Exports

Govt likely to tweak RoDTEP scheme amid outcry over refund rates

The new scheme aims to refund to exporters the embedded non-creditable central, state and local levies paid on inputs.

US trade deficit jumps 4.8% to record $71.1 billion in February

The US trade deficit grew to a record USD 71.1 billion in February as a decline in exports more than offset a slight dip in imports.

Export outlook uncertain as Covid-19 cases in India rise again: Experts

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

Exports of foreign arms accounted for 33% of their total sales in FY20: RBI

Exports of foreign subsidiaries in India accounted for 32.6 per cent of their total sales in 2019-20, according to RBI

From cotton to sugar imports, here's an overview of India-Pak trade ties

Cotton, sugar, organic chemicals, pharmaceuticals, iron and steel, and plastic are top exported items to Pakistan

Pakistan resumes trade with India, lifts ban on cotton and sugar imports

Pakistani buyers have already started making inquiries about buying Indian sugar and cotton, which is being offered at lower prices than supplies from other countries, five dealers said

Govt may wait for clarity before announcing new foreign trade policy

The latest trade figures show that between April 2020 and February 2021, exports of merchandise and services stood at $439.64 billion

India's goods exports to stand at $290 bn in FY21, says Piyush Goyal

India's goods exports will stand at USD 290 billion for the financial year ending March, 7 per cent short of the shipments in the previous fiscal, Union Minister Piyush Goyal said on Friday. However, the minister said this was "great" considering the country has bounced back so quickly in a challenging year. India's goods exports stood at USD 313 billion in FY20. "As against about USD 313 billion of goods exports last year, we will end the year with almost 93 per cent of that, USD 290 billion. Now isn't that great," Goyal said while addressing the Times Network India Economic Conclave. Asked about big foreign firms which have made investments in India in the past year, the commerce and industry minister said Apple and Samsung have invested on a large scale in the country and expanded their facilities. Referring to the two firms, he said: "I believe they are looking at India as their prime production base to meet the needs of the world." He added that pharma companies are also lo

Suez Canal blockage likely to impact India's trade, say analysts

Great Eastern Shipping is still evaluating the impact, said a source close to the development

Feb exports dip 0.25% after rising three months due to uncertainties abroad

Exporters also cite container shortage; imports continue to rise due to revival in domestic economy and high commodity prices

Top headlines: Airtel acquires Rs 18k-cr spectrum; Feb exports dip 0.25%

Business Standard brings you top news of the evening

Flex to Inventec, foreign players see potential in PLI for tech products

Lenovo India has said it would like to increase its laptop-making capacity by 10x at its Puducherry plant and also manufacture tablets

Reconsider disallowing IGST for exports: Commerce department to FinMin

The move to disallow IGST for exporters is aimed to plug large-scale frauds in the GST system

Air conditioners manufacturers commit to export target of 50% of sales

As part of the announcement, the Centre has earmarked over Rs 1.46 trillion for 10 sectors under the scheme.

Volume recovery, acquisitions key to Adani Ports and SEZ's growth

Reducing promoter pledge further can help drive stock gains

China becomes EU's biggest trade partner in 2020, imports jump by 5.6%

At the same time, the trade in goods with the United States, which had topped the EU's trade partners list until early 2020, saw substantial decline in both ways

Govrnment measures helping exports to record positive growth: CII

Steps taken by the government is helping the country's exports to record positive growth and the trend is expected to continue, industry body CII said on Wednesday.

India, UK hold discussions to promote bilateral trade, investments

India and the UK have held discussions on promoting bilateral trade and investments between the two countries

India, EU hold high-level dialogue, discuss ways to promote trade

India and the European Union (EU) have held the first high level dialogue (HLD) and discussed ways to promote bilateral trade and investments

Pharmaceutical exports jumped 12.43% during April-December 2021

The exports grew to $17.57 billion, Parliament was informed on Friday