In a move to reduce transaction costs and improve ease of doing business, the government on Monday automated the system of giving credibility to the Indian exporters in the international markets. Commerce and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder’ certificates to exporters under the Foreign Trade … Read more
New Delhi: The draft law to revamp the Special Economic Zones (SEZ) into Development of Enterprise and Service Hubs (DESH) has met the services industry’s long standing demand to allow partial denotification to free up the area not in demand. It has also proposed to set up an integrated single window clearance mechanism for the … Read more
Commerce secretary BVR Subrahmanyam on Wednesday said that there is a fair amount of understanding between the commerce and industry ministry, and finance ministry that duty cuts help exports. Budget 2022-23 has reduced customs duties on chemicals that will enable exports while rationalised duties for the electronics sector would boost domestic manufacturing, he said. “I … Read more
The government on Tuesday said India’s export of agricultural and processed food products rose 21.8% on year in April-August with rice, fresh fruit and vegetables and cereals exhibiting growth. The exports of products under the ambit of the Agricultural and Processed Food Products Export Development Authority (APEDA) were $7.9 billion in the first five months … Read more
Led by petroleum products, gems and jewellery, and engineering goods, India’s exports rose 47.9% on-year to a record $35.17 billion in July. Preliminary data released by the government showed that India’s merchandise exports in July were an increase of 34% over July 2019. Imports were at the second highest at $46.4 billion, leaving a wider … Read more
Bengaluru: Prime Minister Narendra Modi is “very much worried” about the recent violence at the Wistron‘s iPhone manufacturing plant in Karnataka, Chief Minister B S Yediyurappa said on Thursday, as he assured his government’s full support to the company for restarting production. The government has given necessary instructions and such things would not be repeated, … Read more