RBI, Government should announce relief measures for MSMEs: AIAI

All India Association of Industries (AIAI) welcomes the RBI’s move to launch a Rs. 50,000 crore liquidity window for banks to lend to the healthcare sector. We feel that the move will improve flow of credit to hospitals, pharmaceutical and vaccine manufacturers, oxygen cylinder producers and other entities engaged in production, distribution and logistics of.

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India’s exports jump 80% to $7 billion in first week of May

India’s exports grew by 80 per cent to $7.04 billion during the first week of May, as per the preliminary data released by the commerce ministry. Meanwhile, exports between May 1 and May 7 in 2020 stood at $3.91 billion, according to the data. Exports had stood at $6.48 billion during the same week in.

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Slashing of steel export rebate by China augurs well for India

China’s withdrawal of export rebates of 13 per cent on 146 steel products and scrapping import duty cut on crude steel, pig iron and scrap augurs well for Indian steel companies. The withdrawal of incentives by India’s eastern neighbour would push up steel prices globally and provide enough room for Indian steel companies to raise.

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Benapole Customs opens new software to ease export-import

Benapole Customs House has opened a new software called ‘Becom’ aimed at making import-export trade dynamic, preventing revenue evasion and restoring transparency in taxes. This is the first time after 50 years of the country’s independence that Benapole Customs House has been upgraded to the only digital custom house across the country. Dr Neyamul Islam,.

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India EU to resume free trade talks

India and the European Union will announce a resumption of their long stalled free trade talks during the India-EU Leaders’ meeting on 8 May, EU officials said Thursday. The two sides will pick up the discussions where they were left off eight years ago. This will not be the start of a new set of.

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India to export organic millets to Denmark: Commerce Min

The Commerce Ministry on Wednesday said the first consignment of organic millets, produced in Uttarakhand, would be exported to Denmark. The Agricultural and Processed Food Products Export Development Authority (APEDA) in collaboration with Uttarakhand Agriculture Produce Marketing Board (UKAPMB) and Just Organik, an exporter, has sourced and processed ragi (finger millet), and jhingora (barnyard millet).

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India to import UK apples and pears in new trade link-up

British apple and pear growers can soon export to India for the first time under a trade partnership announced this week. The agreement is not as comprehensive as a free trade deal, such as those with the EU and Japan, but will reduce non-tariff barriers on fruit and other sectors. Boris Johnson announced the partnership.

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India begins exports of organic millets grown in Himalayas to Denmark

India has begun exporting millets sourced from farmers in Uttarakhand, which meet the organic certification standards of the European Union, to Denmark. According to a release from the Ministry of Commerce & Industry, APEDA, in collaboration with Uttarakhand Agriculture Produce Marketing Board (UKAPMB) and Just Organik, an exporter, has sourced & processed ragi (finger millet),.

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No headway in lifting India’s anti-dumping duty yet

There is no development regarding lifting anti-dumping duty on Bangladeshi goods in Indian market and Dhaka is yet to hear from New Delhi despite sending a letter in this regard two months back, officials said. After the bilateral commerce secretary level meeting held in early March, Bangladesh sent a letter, as decided in the meeting,.

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India’s coal import likely to be subdued in coming months: Mjunction

India’s coal import is expected to be subdued in the coming months on account of various factors like the prevailing Covid situation, high coal stock in the system and higher international prices, according to mjunction. mjunction — a joint venture between Tata Steel and SAIL — is a B2B e-commerce company and also publishes research.

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