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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 outstanding amount and get some liquidity. The revenue department has been sitting on refunds for over a...

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 performance of exports in April’21 and 2020-21 gives a hope that an ambitious target of $400 billio...

Read more about Exports rise 80% to $7 bn during first week of May: Commerce Ministry on Business Standard. Continuing a positive growth, India's 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 payment of salaries and wages, rents, power dues, tax dues and bank loan servicing commitments. Requ...

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