Page 15 - Exports

September recovery proves short-lived as exports fall 5% in Oct

Covid-induced lockdowns in advanced nations hit exports, trade deficit at nine-month high

India's exports dip 5.12% in Oct; trade deficit narrows to $8.71 billion

Imports also fell 11.53 per cent to $33.6 billion (year-on-year) in October 2020

FinMin approves MEIS allocation of Rs 39,000 cr for exports during FY20

The ministry has also directed the Directorate General of Foreign Trade (DGFT) to limit issuance of MEIS scrips to Rs 16,000 crore during the current financial year

European Union announces new tariffs as countermeasures against US exports

The latest EU announcement came after the trade ministers of the 27-member bloc met online earlier on Monday

China looks to 'punish' Australia: Lobsters, wine and coal become targets

China's blacklist -- delivered verbally to commodities traders -- includes coal, barley, copper, sugar, timber, wine and lobster

IEC not required for services exporters claiming no FTP benefits: Expert

Section 28DA of the Customs Act requires an importer to possess sufficient information about origin of imports, where preferential tariff treatment has been claimed.

Three policy interventions could add billions of dollars to GDP: McKinsey

They could help key manufacturing value chains more than double their GDP contribution to $500 billion over the next seven years, says Oct 30 note

Hiking import duties won't promote manufacturing or improve exports: Report

Amid the government hiking import duties on a slew of products to help boost local manufacturing, a report on Monday pitched for lowering such levies

Healthy export demand mitigates Covid impact on specialty chemicals: Report

Even as domestic demand remains subdued, improved export demand and positive outlook for segments like agro-chemicals and surfactants have reduced Covid impact on specialty chemicals, says a report

Exporters feel pinch as sea freight to US and Europe rises by 30-40%

The development comes at a time exports from India have started picking up and merchandise exports turned positive for the first time in the last seven months, growing 5.3 per cent

Japan's September export declines at a slow pace over shipment recovery

Exports fell for their 22nd straight month, marking the longest run of declines since a 23-month run through to July 1987

Gems, jewellery exports may dip 20-25%; growth expected by FY22: GJEPC

The gems and jewellery export is expected to decline by 20-25 per cent this fiscal year compared to 2019-20 due to the disruptions caused by the Covid-19 pandemic, GJEPC said on Saturday

Exports rise for the first time in seven months, up almost 6% in September

Imports down 19.6%, trade deficit declines 77%

Government lifts all restrictions on alcohol-based hand sanitizers

Amid the Covid-19 outbreak, the government had banned export of all types of sanitizers in March, but limited the restriction in May to only alcohol-based sanitizers

India should resist misleading allure of domestic mkt; boost exports: Study

India should resist the misleading allure of the domestic market and should zealously boost exports, according to a research paper co-authored by former chief economic advisor Arvind Subramanian

India's diamond exports to dip by a quarter; slump worse than 2008 crisis

The measures to control the pandemic meant production centers were closed or operating at very low levels, and rough-diamond imports fell in line with poor end-product demand

No change in export policy of iron ore pellets; opinion under review: Govt

According to the clarification, India exported 1,48,76,270 tonnes of these pellets during 2004-2014

Cong alleges violation of laws in iron pellet exports worth Rs 40,000 cr

Congress alleged that Rs 40,000 crore worth of iron ore pellets were exported in violation of laws by some private players, causing losses to the exchequer, and demanded that names be made public

Container non-availability a challenge for export sector currently: FIEO

Non-availability of containers for the export sector is causing a concern for meeting delivery commitments of foreign buyers, apex exporters' body FIEO said on Wednesday

Exports rise for the first time in seven months, up 5% in September

Development marks yet another sign of revival as imports continue to decline, albeit at a slower pace, trade deficit shrinks