International opportunities for Indian MSMEs December 30, 2020, 10:55 PM IST
The author is director of Zed-Axis Technologies, a New Delhi-based software development company. He is also an early stage investor in B2B/ B2B2C deep technology companies working in consumer, healthcare, finance and logistics domains. Previously, he has led the India growth-story for multinationals like Samsung, MMore and Indian transnational Godrej, Moser Baer. He specializes in strategy, sales and marketing. LESS. MORE
The recently concluded Diwali festive season was finally a breather for the MSME ecosystem in India. In the past nine months, the MSME sector has been grappling to deal with the impact of COVID-19 and the aftereffects of lockdowns. The pandemic has undoubtedly taken a serious toll on the MSME ecosystem in India. The stringent lockdowns, implemented during the initial days of the virus’ spread, had nearly crippled supply chains, shut-down retail, and drowned consumer
Earlier, the Centre had imposed a ban on the export of onions on September 14, 2020. The Ministry of Commerce and Industry issued a release regarding the amendment in export policy of onions in which it said: In exercise of powers conferred by section 3 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with para 1.02 and 2.01 of the Foreign Trade Policy, 2015-20, the central government hereby makes an amendment in the September 14 notification amending the export policy of onion. The onions, including Bangalore Rose onions and Krishnapuram onions, have been allowed to be exported from January 1, 2021.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Government lifts ban on onion export from January 1 ANI | Updated: Dec 28, 2020 23:23 IST
New Delhi [India], December 28 (ANI): The central government on Monday removed prohibition for the export of all varieties of onions with effect from January 1, 2021.
Earlier, the Centre had imposed a ban on the export of onions on September 14, 2020.
The Ministry of Commerce and Industry issued a release regarding the amendment in export policy of onions in which it said: In exercise of powers conferred by section 3 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with para 1.02 and 2.01 of the Foreign Trade Policy, 2015-20, the central government hereby makes an amendment in the September 14 notification amending the export policy of onion.
Govt may extend MEIS for exporters as RoDTEP rates still being fixed
December 28, 2020
The RoDTEP scheme aims at refunding indirect taxes paid by exporters on inputs, and would also replace the popular Merchandise Export from India Scheme (MEIS) that is incompatible with WTO norms istock.com/ugurhan
The RoDTEP scheme aims at refunding indirect taxes paid by exporters on inputs, and would also replace the popular Merchandise Export from India Scheme (MEIS) that is incompatible with WTO norms istock.com/ugurhan×
Scheme may run till March 31, 2021
The Centre my decide to extend the popular Merchandise Export from India Scheme (MEIS) for exporters by another three months, till the end of this fiscal, as the new Remission of Duties or Taxes on Export Products (RoDTEP) scheme is not yet ready for all sectors.
Exporters see order books improving, but want more measures from govt
December 23, 2020
Challenges ahead Total exports during April-November 2020-21 were $173.66 billion, 17.76 per cent lower than exports in the comparable period last year. The imports were 33.5 per cent lower at $215.69 billion - Getty Images/iStockphoto
Challenges ahead Total exports during April-November 2020-21 were $173.66 billion, 17.76 per cent lower than exports in the comparable period last year. The imports were 33.5 per cent lower at $215.69 billion - Getty Images/iStockphoto×
Seek prompt refunds, cheap credit and sops to help overcome present downturn
Turbulence in world trade caused by the Covid-19 pandemic since early 2020 cast its shadow over India’s trade prospects as well. The country’s exports and imports, since March, have suffered an overall decline (exports increased marginally only in September) as domestic manufacturing tried to grapple with the aftermath of the lockdown a