Page 9 - Indian Exports

India's balance of payments will be very strong, says Piyush Goyal

Says overseas companies must stop having an 'assembly workshop' approach

India has trade deficit with 9 of top 10 commerce partners, shows data

While India has maintained a comfortable surplus of more than $17 billion with the United States, its largest export market, deficits have become deeper for all other nations

Covid-19 pandemic expands the appetite for India's basmati exports

Exporters saw an unexpected demand surge as countries in West Asia rushed to build buffer stocks. But procedural problems could make it difficult to sustain the momentum

DGFT undergoing an overhaul to boost trade post-Covid pandemic

Exporters have for long been demanding that the DGFT portal be made more comprehensive and its online services more interactive and customer-focused

July exports at nearly last year's level; economy on path to revival: Goyal

Goyal said several indicators are reflecting that the economic activities are reviving in the country

Iron ore exports, prices rose sharply, but only eastern miners benefited

According to FIMI, iron ore exports in 2019-20 rose to 36,623.71 tonnes from 16,198.90 in 2018-19

Govt favours diverting MEIS funds to PLI schemes in select sectors

The revenue department argued against continuing the MEIS, calling it inefficient and wasteful

IGST crackdown: Exporters cry foul; govt refutes allegations of harassment

Say they are being harassed by the authorities even as 1,500 who claimed bogus GST refunds are untraceable

Realisation of export proceeds not mandatory for drawback on re-exports

A licence or duty credit scrip obtained through misrepresentation is voidable but not void till it is cancelled

Indian MSMEs on Amazon global selling programme cross $2 billion in exports

Indian SMEs and brands using Amazon global selling export worldwide has now crossed $2 billion in cumulative exports

Payment of advance does not create lien over supplier's assets: Expert

Your rights arise only from the contract between you and the supplier, say expert

Exporters to submit origin certificates for shipments to Asean countries

The document is important to claim duty concessions under free trade agreements. This certificate is essential to prove the origin of the goods

Kicking the import habit: Can India grab a $200-bn business opportunity

PM Modi's call for a self-reliant India, free of its dependence on imports, means opportunity for the domestic industry. But there are many questions that need to be answered, writes Sai Manish

Covid-19: India lifts export ban on Trump-touted drug hydroxychloroquine

India had eased some of these restrictions in April and shipped 50 million tablets of the drug to the United States that month, Reuters reported

Industry says India has surplus face masks, urges govt to allow exports

With manufacturers ramping up production of face masks since the outbreak of Covid-19, India has turned into a surplus nation choking production lines

Exports likely to improve in May, contraction expected to be 30-35%: Goyal

Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.

Goyal expects better exports performance in May, contraction to be lower

There was a huge decline in exports in April but "my sense is that in May, it will improve significantly", he said while speaking at CII's Export Summit

Container vessel idling at 1-yr high as Covid-19 pandemic sinks sailing

The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.

India's mobile device market entry a worry for China and Vietnam

Three firms- Apple, Samsung, and Huawei - account for 75% of global exports

Export contraction in April could surpass March's steep 25-year decline

Major forex earning sectors cite lack of labour, funds and key supplies