Page 19 - Exports

Govt mulls higher interest subvention covering all exporters to reduce CAD

The scheme allows small and medium exporters in labour-intensive sectors to take loans from banks at a lower rate of 3 per cent.

Trail of queries on rule change

For most exporters, the amount of IGST to be refunded might be much higher than the exemption they'd availed of on the import under advance authorisation

India's exports hit 6-month high; trade deficit widens as imports up 14.85%

The aftershocks of the Rs 140-billion Nirav Modi scam continued to affect the gems and jewellery sector

Letter to BS: India's exports saw a return to reasonably healthy growth

Officers posted in the mission, especially in the commerce division, should be given some targets to promote India's exports

March exports decline 0.66% to $29.11 bn; trade deficit widens to $13.69 bn

For full financial year, deficit stood at $156.83 bn, up from $108.50 bn in 2016-17, mainly due to rise in oil import bill

After 13-month recovery, exports fall 1.1% to $23 bn in October

Exports contracted 1.1 per cent in October year-on-year to $23.1 billion, the first fall in 14 months, as companies continued to struggle with issues related to the goods and services tax (GST). The decline was led by sharp falls in major labour-intensive sectors such as leather & leather products, gems & jewellery, handicrafts, readymade garments and carpets.Exporters had earlier warned that the double-digit growth in outbound shipment between July and September despite rollout of GST might not present a true picture, as there were advance orders. Exports had soared by 25.7 per cent to $28.6 billion in September, its highest growth in six months, with expansion in shipment of chemicals, petroleum and engineering products.Ironically, exports fell in a month when the GST Council addressed most of the complaints of exporters, though one important measure, e-wallets, would kick in only by the next financial year. Exporters grouse that the measures aren't being implemented at the

Don't yet rejoice over exports

In short, it is a bit too early to celebrate over India's foreign trade performance

No bank guarantees required for small exporters: Govt

Decision comes a day after exporters met Arun Jaitley to share their concerns over GST-related issues

Share of exports in GDP at 14-year low of 19.4%

Exports up just 1.2% in Q1 despite strong rebound in global trade in goods and services

Exports may miss global trade revival

Demand in the US and China will drive trade volumes, says WTO

Not a good time

Exporters are not interested in accepting new orders as there is hardly any profit in transactions

After 12 straight months of growth, real test for exports from September

Experts say 10.3% jump in August exports was on low base effect even as liquidity crunch remains and Rupee may appreciate

FY18 merchandise exports to see double-digit growth; to touch $315 bn: FIEO

BS ReporterHyderabad, 4 April: Federation of Indian Export Organisations (FIEO) today said it expects the merchandise exports from India would be around $ 315 billion and services exports to be about $ 185 billion in the financial year 2017-18.The Federation, which was set up by the Union Commerce Ministry, expects to end the year 2016-17 with an export of about $ 270-275 billion as compared to $ 262 billion in the previous year with a growth of around 3-4 percent for the year in the merchandise sector and $ 160-billion exports in services sector during the year.'As we had already touched $ 300-billion merchandise exports in the past also, we should look at more aggressively increasing our exports with previous six months, especially the February exports showing an impressive double digit growth of around 17.5 percent," FIEO president Ganesh Kumar Gupta said in a statement.Gupta, chairman of Mumbai-based Akaash Textiles Private Limited and Vijay Silk House Group took over as the new ..

Exports may touch $270 billion this financial year: FIEO

During the April-February period of the current FY, exports have grown by 2.52% to $245.4 billion

Rising export might handle strengthening rupee, say observers

Rupee is 3rd-best performing currency in Asia against dollar behind South Korea's won, Taiwan Dollar

Indian steel exports overtake imports after a gap of 3 years

Exports of Indian steel have surpassed imports after a gap of three years, courtesy government measures like the minimum import price (MIP).According to the Joint Plant Committee figures, during April-February, exports increased 77.48 per cent to 6.62 million tonnes while imports fell by 65.20 per cent to 6.59 million tonnes. Though the difference between exports and imports is just about 2,00,000 tonnes, the industry expects the trend to continue till March-end, if not longer."There is a strong possibility that on a 12-month basis also, exports will be higher than imports, as larger players like SAIL, Tata Steel, JSW Steel and Essar Steel, are all exporting. Going forward too, imports are likely to get substituted, as Indian producers are building domestic capability. Imports are mainly automotive and electrical steel, but some companies like Tata Steel and JSW are geared to meet automotive requirements," Jayanta Roy, senior vice president, ICRA, explained.It's a combination of ...

Global slowdown to impact exports of processed food in FY17: Report

Even as the food processing sector has outpaced agriculture in the last two years, export is likely to remain subdued this financial year due to slowdown in global demand, a Dun and Bradstreet report has said. "The food processing sector is poised for exponential growth with the government setting a target of doubling processing levels to 20 per cent by 2019, from the current 10 per cent," according to D&B report 'Food Processing - Sectoral Outlook 2017'. It said, the share of FPI in manufacturing value added is expected to increase, which aligns with the objective of 'Make in India, which provides an opportunity for companies to capitalise on the potential that the industry has to offer. However, exports of FPI related commodities declined by 18 per cent (year-on-year) to USD 29.7 billion during FY16, which was in line with the declining trend in the country's overall shipments, it said. While total cereal exports in FY17 would be close to last year's level due to tighter ...

Exports from SEZs touch Rs 2.36 lakh cr during Apr-Sep

States which have contributed maximum in the exports include Gujarat, Karnataka, Tamil Nadu, Maharashtra, Telengana and Uttar Pradesh

Single-window customs clearance extended for exporters

The move is expected to bring down transaction cost

Exports poised to grow on global demand rise

It is expected to grow this year with a rise in global demand