Page 14 - Exports

India to be impacted as US works on $1 bn tariff plan over digital taxes

In each of the six cases, the USTR proposes to impose tariffs that would roughly total the amount of tax revenue each country is expected to get from the U.S. companies

Robust kickoff to FY22 marred by anxieties over Covid resurgence

The financial year 2021-22 has started well, except that the anxieties due to the spread of coronavirus in India and abroad have increased. Hopefully, they too shall pass

Exports of foreign arms accounted for 33% of their total sales in FY20: RBI

Exports of foreign subsidiaries in India accounted for 32.6 per cent of their total sales in 2019-20, according to RBI

Goods exports likely to fall 8-10% in FY21: Piyush Goyal

'We will be almost getting back to the level of trade in goods that we did last year, possibly a 8-10% shortage. That's all,' says commerce minister at an event

States to rank districts on export competitiveness, says commerce ministry

The union government is currently working on 'developing districts as export hubs' to decentralise export promotion activity

Foreign trade policy 2021-26 to focus on MSMEs, new export potential

Online data will be available to govt, industry; will help domestic producers analyse market potential for goods

India's exports during March 1-14 increase 17% to $14 billion

Exports are showing healthy signs of revival

Regional Authority becomes redundant as DGFT goes online

The prescribed processes for adjudication now require the exporter or importer to submit online the documents called for by the jurisdictional authority

Electronic goods export peaks record high of Rs 8,806 cr for Dec 2020: ICEA

According to the India Cellular and Electronics Association (ICEA) mobile exports are 50 per cent higher compared to the pre-COVID levels

India to begin commercial vaccine exports with shipments to Brazil, Morocco

The shots developed by UK-based drugmaker AstraZeneca and Oxford University are being manufactured at the Serum Institute of India

Japan's exports post 1st annual gain in two years over shipments to China

The Ministry of Finance data out on Thursday showed Japan's exports rose 2.0% in December from a year earlier

US remains key forex source for India, accounts for 15-17% of goods exports

China remains the main source of India's imports, with the US at a distant fifth place

Uttar Pradesh emerges fifth largest exporter during Covid-19 pandemic

The Yogi Adityanath-led government in Uttar Pradesh has emerged as the fifth largest exporter of goods during the Covid-19 pandemic

Exports may reach $290 billion by end of fiscal year, says trade body

This comes as the outbound shipments were hit hard by the pandemic during the first half of the year, FIEO

Exports decline for second month in a row, trade deficit at ten-month high

Exports fell sharper at 8.7% in November from 5.1% in October, as demand remained muted in major overseas markets due to Covid-induced lockdowns

India could export Rs 8 trn worth motherboards in 2021-26: Report

India has potential to export motherboards, technically called printed circuit board assembly(PCBA), worth up to Rs 8 lakh crore between 2021-26, mobile devices industry body ICEA and EY said in a joint report. However, in the absence of government incentives and subsidies the export potential will be around Rs 29,500 crore during the five year period, the report said. India Cellular & Electronics Association (ICEA) Chairman Pankaj Mohindroo said the government is required to realise the cumulative export potential of Rs 8 lakh crore by 2026. "If support of 4-6 per cent on exports of PCBAs can be provided, by 2025-26, the cumulative PCBA export for India can be about USD 109 billion (over Rs 8 lakh crore). However, if no support is offered, the export is estimated to dwindle to USD 4 billion (around Rs 29,500 crore)," the report said. PCBA forms the base of electronic products. Mohindroo said the current size of PCBA industry in India is around Rs 2 lakh crore and it is expected

Rejecting RCEP making it tough for India to raise exports: Experts

In 2019, these 15 RCEP countries' combined imports goods were worth $4.96 trillion

Nestle India is planning to avail govt's PLI scheme to boost exports: CMD

Currently, about 5 per cent of Nestle India's sales comes from exports to its affiliate companies in regions where demand from the diaspora is high

Stimulus to help project exporters in capacity building: Exim Bank CEO

Bank has identified import-oriented sectors like capital goods, chemicals, and defence, says David Rasquinha.

Singapore October exports unexpectedly fall 3.1% y-o-y shipments drop

Singapore's October NODX unexpectedly fell 3.1% from a year earlier, coming in well below forecasts, as both electronics and non-electronics shipments dropped