Page 7 - Export Products News Today

File picture of Commerce and industry minister Piyush Goyal NEW DELHI: Commerce and industry minister Piyush Goyal on Tuesday asked his team to seek an early payment of exporters’ dues from the finance ministry, while looking at ways to help businesses raise funds against these dues. An option being explored by the commerce department, is to accept applications from exporters for the now-defunct Merchandise Exports from India Scheme (MEIS) so that traders can avail of loans against the outst...

Goods export can hit $400 b in FY22: Goyal May 11, 2021 × Assures exporters that there concerns related to export promotion schemes, inverted duties were being taken up with the Finance Ministry India’s goods exports may touch $400 billion in 2021-22 going by the export performance in FY21 and in April 2021, Commerce & Industry Minister Piyush Goyal has said. A “large potential’’ exists in sectors such as pharmaceuticals, engineering and agro products. “He (the Minister) said that p...

Read more about Exports rise 80% to $7 bn during first week of May: Commerce Ministry on Business Standard. Continuing a positive growth, Indias exports grew by 80 per cent to USD 7.04 billion during the first week of this month, according to preliminary data of the commerce ministry.

Kanara Chamber seeks support for MSME sector April 30, 2021 The Kanara Chamber of Commerce and Industry (KCCI) has urged the Union Finance Minister to address the problems of MSME (micro, small and medium enterprises) sector following the second wave of Covid and lockdowns associated with it. In a letter to the Union Finance Minister, Nirmala Sitharaman, the KCCI President, Isaac Vas, said that operations are down the MSME sector, which is facing the challenge of meeting commitments such as p...

Read more about Amid Covid-19 pandemic, exports could come as a saviour for India on Business Standard. The global trading environment is very encouraging, as developed countries have increased the pace of vaccination and are reporting lesser numbers of infections

Exporters fret over delay in rebate rates Updated: Updated: April 21, 2021 23:09 IST The RoDTEP scheme came into effect on Jan. 1 but lack of clarity is hampering sector’s ability to price Share Article AAA Booster dose: Due to COVID-19, India’s exports may require more stimulus, RSM Astute said. B. Jothi Ramalingam   The RoDTEP scheme came into effect on Jan. 1 but lack of clarity is hampering sector’s ability to price Even as exporters fret over an inordinate delay in notification of ...

Garment exporters seek financial support Updated: Updated: Share Article AAA Garment exporters in Tiruppur have appealed to Union Finance Minister to announce measures that will provide financial support to the exporting units. In a memorandum to the Finance Minister, the Tiruppur Exporters’ Association (TEA) president Raja M. Shanmugham said that major European countries have gone into lockdown. In India, two month lockdown last year had resulted in hike in raw material prices. These facto...

ISA, as well as steelmakers have been deliberating with the government and points of concerns have been shared like a longer gestation time is required for steel mills to realise PLI benefits instead of five years, Dilip Oommen, President of Indian Steel

Exporters anxious about RoDTEP rate of reimbursement The scheme was announced with effect from January 1, 2021 as it extended the existing foreign trade policy for six more months till September 30 The government on Wednesday extended the foreign trade policy by six months till September but did not announce the rates on a duty relief scheme for exporters that was announced  in January. Exporters we...

Parliament watch: Measures to push GST mopup SECTIONS Last Updated: Mar 17, 2021, 09:20 AM IST Share Synopsis “Greater awareness about the GST structure and punitive action in case of non-compliance needs to be created among the assessees on a wider scale,” the committee headed by Jayant Sinha, added in its report presented in Rajya Sabha, Tuesday. Agencies Corporate Social Responsibility (CSR) funds are not used for implementing the governments central schemes, the government on Tuesday in...