Page 8 - Export Products News Today

The standing committee on finance sought that the government should initiate all possible structural and enforcement related measures to shore up goods and service tax (GST) collections, in order to make up for the compensation requirement for states amid loss in revenue collections due to the Covid 19 pandemic.

what do you get by completing the test ? A comprehensive idea of what your company’s strengths and weaknesses are, based on five areas of modern-day export potential: Management readiness and commitment Identifying potential export market(s) Identifying potential export process Executing export orders Recommendations from a foreign trade specialist at The Dollar Business Intelligence Unit on improving your chances to succeed in the business of exports. Your detailed test analysis report ...

Government to announce RoDEPT scheme rates soon

February 23, 2021 × Commerce Ministry has announced new scheme, RoDTEP, from January 1, 2021 to compensate exporters for the input taxes not reimbursed under existing schemes Concerned about the fate of exporters from the garments and made-ups sector who had to shift to the new incentive scheme, Remission of Duties and Taxes on Export Products (RoDTEP), from January 1 2021, the Textiles Ministry has sought details from the Commerce Ministry on the rates of reimbursement they will be entitled t...

Biopharma Hub to scale up manufacturing

Mining magnate Anil Agarwals Vedanta Ltd on Monday invited bids for the sale of natural gas from its prolific Rajasthan block at rates equivalent to the price of imported LNG from the spot market or Brent oil price. Cairn Oil & Gas, Vedantas oil and gas arm, produces about 3.5 million standard cubic meters per day of gas from its largely oil-bearing block in Rajasthan, the firm said in a notice. The output is being ramped-up to more than 5 mmscmd. "The company invites Expression of Interest...

What India’s new Foreign Trade Policy can and needs to do SECTIONS What India’s new Foreign Trade Policy can and needs to doBy Pushkar Mukewar, ET CONTRIBUTORS Last Updated: Feb 06, 2021, 10:12 AM IST Share Synopsis The new Foreign Trade Policy will need to be beefed up to help exporters combat the double whammy of Covid-19 and protectionism. Getty Images India, now more than ever, needs a robust Foreign Trade Policy (FTP) that can tackle the new normal while nations struggle to deal with a...

Exports rise 5.37% in Jan, trade deficit narrows to $15 b New Delhi | Updated on Our Bureau The new year started on a positive note for exporters with goods exports in January rising 5.37 per cent to $27.24 billion (year-on-year), primarily led by a spurt in engineering goods, pharmaceuticals and iron ore, according to the early trends for the month released by the Commerce and Industry Ministry on Tuesday. Trade deficit Imports increased 2.05 per cent to $41.99 billion due to steep fall in pe...

Steps announced to develop modern infrastructure and rationalisation of customs duties on different products would help in promoting domestic manufacturing and boosting exports, according to exporters. Federation of Indian Export Organisations (FIEO) President S K Saraf said that modern infrastructure makes exports competitive as it helps in reducing the logistics cost. The various facilities for fisheries will push marine exports of the country which has yet not reach anywhere near its pote...

Exports may dip 5.8%, imports by 11.3% in second half of 2020-21 India Published: Saturday, January 30, 2021, 8:47 [IST] New Delhi, Jan 30: The countrys exports are expected to contract by 5.8 per cent and imports by 11.3 per cent during the second half of the current financial year, though implementation of several measures by the government would help support exports going forward, according to the Economic Survey 2021. Iran behind Israel Embassy blast? Note found at site says this...| Oneind...