Companies Industries Market

More regulations for Indian Importers from duty concession under Free trade agreements Countries

Beginning Monday 21 September 2020 , importers need to furnish proof of 35 per cent value addition in goods from the country of origin to claim duty concession under free trade agreements (FTAs).   According to the officials, just a certificate by the exporter would not suffice. It will be the importer’s responsibility to ensure Read More…

Industries Jobs Market

Q1 2020 : Exports fall drastically by 25.42% says Union Minister Piyush

India’s overall export (merchandise plus services) has declined by 25.42% during the period April-June, 2020 as compared to the corresponding period of the previous year, the ministry of commerce and industry said in a statement on Wednesday.   “The quick estimate of the Index of Industrial Production (IIP), released by the Ministry of Statistics and Read More…

Business Companies Health Legal Market North India

Rs 411 Crores Scam : SBI woken up after 3 years but by then Haryana Rice exporters dislocated plants and fled

Three promoters of Ram Dev International, recently booked by the Central Bureau of Investigation (CBI) for allegedly cheating a consortium of six banks to the tune of Rs 411 crore.   According to the complaint filed by SBI, the account had become non-performing asset (NPA) on January 27, 2016.   The banks conducted a joint Read More…

Business Companies Industries Social

Negative Growth : Exports have not progressed at all in these four years

  Indicating a fresh stress on jobs, a fine print of India’s latest export numbers suggests that major labour-intensive sectors of exports like gems and jewellery, leather, handloom and farm products have either plunged into negative territory or exhibited an extremely sluggish growth in November.   Worse, November 2018 export figures at $26.5 billion are Read More…

Business Companies Industries Market

Exports rise but trade deficit widens to $17 billion cause alarm

Exports bounced back in October after a contraction in September, as engineering goods, pharmaceutical and chemical shipments picked up pace.  However, this didn’t prevent trade deficit from widening, as crude oil bill continued to shoot up. Outbound trade rose by 17.86 per cent in October to $26.98 billion. In September, exports had declined for the Read More…

Business

Rupees touched historic low 70.32 and India trade deficit widen to 18 billion US$

The Indian rupee dropped to a historic record low in opening deals on Thursday with investor sentiment affected by a widening trade deficit on the domestic front and the broad rise in the US dollar versus other Asian peers. The partially convertible rupee was trading at 70.25/26 per dollar, at 0343 GMT, versus its Tuesday’s Read More…