Strengthening export linkage of Farmer Cooperatives & FPOs

Source: Pib What is the news? APEDA and NAFED have signed a memorandum of understanding (MoU) for harnessing the export potential of agricultural and processed food products of cooperatives as well as Farmer Producer Organizations (FPOs). Key points of MoU The key areas of cooperation include facilitating APEDA registered exporters getting assistance under all the… Continue reading Strengthening export linkage of Farmer Cooperatives & FPOs

FTAs with key nations will boost exports, attract more investments: FIEO

Source: Business Standard What is the News? Federation of Indian Exports Organization (FIEO) has said that signing free trade agreements (FTAs) with India’s major trading partners such as the United States, UK, EU, Australia will boost exports and help in attracting more foreign investments into the country. What are FTAs (Free Trade Agreements)? FTAs are… Continue reading FTAs with key nations will boost exports, attract more investments: FIEO

Digital certificate of origin system unveiled

News:Commerce Ministry has launched the common digital platform for the issuance of certificates of origin. Facts: What Is a Certificate of Origin(CO)? A certificate of origin(CO) is a document declaring in which country a commodity or good was manufactured.  The certificate of origin contains information regarding the product, its destination and the country of export.It… Continue reading Digital certificate of origin system unveiled

Government unveils package to boost exports, revive housing sector

News:Government has announced a set of measures aimed at two sectors of the economy namely exports and housing sector.These measures are aimed to reverse a deepening economic slowdown. Facts: Special Fund for Housing Projects: A special fund will be set up for providing last-mile funding for housing projects.It will focus on the construction of unfinished… Continue reading Government unveils package to boost exports, revive housing sector

New code in offing for textile, clothing sector

The chairman of the Cotton Textiles and Export Promotion Council (Texprocil) has said that ‘Social and Labor Convergence Programme (SLCP)’ will be launched in India shortly. This program is an initiative to have a standard-neutral, converged assessment framework for the textile and clothing industry. The objective of the initiative is to improve the working conditions… Continue reading New code in offing for textile, clothing sector

Exports growth slides to four-month low in April

According to data released by the commerce and Industry ministry, India’s trade deficit has widened to a five month high in April 2019 due to higher crude oil imports. India’s export growth has also slowed down to a four month low in April,2019 at 0.64% due to slowdown in labour-intensive sectors such as leather products,… Continue reading Exports growth slides to four-month low in April

Exports outpace imports at 11% in March

According to data released by the commerce and Industry ministry, India’s trade deficit has reduced to $10.89 billion in March,2019 due to rise in exports. The exports has increased by 11% in March from a year earlier,while imports were up by 1.44% during the same period. The rise in exports was driven by higher growth… Continue reading Exports outpace imports at 11% in March

India’s imports from China decelerating, says report

According to the PHD Chamber of Commerce and Industry,India’s imports from China stood at USD 46 billion during the April-January period of 2018-19 from USD 53 billion in the same period a year ago. The chamber has said that India has seen an increase in its exports to China during the last few months whereas… Continue reading India’s imports from China decelerating, says report

CBIC working groups to boost exports

The Central Board of Indirect taxes(CBIC) has set up three working groups to suggest ways to facilitate exports, especially through e-commerce, and improve compliance by way of curbing tax evasion. The working groups will focus on (a) improving the legislative structure of customs tariff and update it to suit the emerging and future needs of… Continue reading CBIC working groups to boost exports