Govt considering steps to revive exports from SEZs
The Commerce Ministry is also in favour of allowing SEZ units to sell products in the domestic markets at preferential duty at par with FTA Deepak Kumar | The Dollar business Bureau Blaming several policy-related decisions for declining exports from special economic zones (SEZs), industry experts have asked the government to take pro-exports measures to revive stalled shipments from such zones. According to P C Nambiar, Chairman, Export Promotion Council for EOUs (export oriented units) & SEZs, the government has taken some half-built decisions in the past without considering their long term impacts. But now, authorities are ready to make changes in order to revive the export sector. The frequent advance amendments to the trade policy provision incentives made by the finance department, revenue ...
Government ready to improve competitiveness of Indian exporters: FM
The Dollar Business Bureau Taking note of the falling exports from the country, Finance Minister Arun Jaitley has agreed to take prompt measures to improve competitiveness for Indian exporters in the international market. The government data shows that India’s overall merchandise export in the first two months of the current financial year has contracted by more than 17% to $44.4 billion as against $53.6 billion registered during the same period a year ago. Trade analysts say that the lack of competitiveness of Indian exporters and their product in the global market is the main factor behind the country’s falling exports. On Friday, a delegation of exporters led by SC Ralhan, President of Federation of Indian Export Organisations (FIEO), met the finance ...
"Complete, break down of stable Exim policies causing huge trade imbalances"
Sisir Pradhan | The Dollar Business The Dollar Business (TDB): In the last decade or so, globally many issues like changing economic scenario, aviation security, climate change, rising fuel cost etc. have made things difficult for the aviation sector. How have all these affected the performance, profitability and operation of civil aviation and cargo sector in India? Keshav Tanna (KT): I am unable to comment on the last decade, but surely the last 3 years have been perhaps the toughest as far as international freight goes for the Indian airfreight industry. Complete, break down of stable government Exim policies causing huge trade imbalances, resulting in airlines shying away from the Indian market and in fact pulling out capacities. Volatile ...
Commercial vehicle loans ride on drop in diesel price, positive industrial growth
The Dollar Business Bureau Commercial vehicles loan seems to be on the recovery path, thanks to falling diesel prices and rising industrial growth, a study has said. According to India Ratings and Research (Ind-Ra), the Early Delinquency Index (EDI)— a tool to measure the frequency of loan default cases— has come down to 7.19% in February 2015 from 8.05% in the same month last year. Transactions securitised in 2014 have shown better performance with initial 90-plus days past due delinquencies (DPD) being on a lower level than that witnessed in 2013 vintage transactions. On the other hand, loans on construction equipment remain stressed mainly due to the slow growth rate in mining and infrastructure sectors. In February, weighted average ...
