Germany's exports grew to $119.2 bn in April, trade surplus stable
The Dollar Business Bureau Germany’s overall goods exports grew for the fourth straight month to a new high of 106.3 billion euros ($119.2 billion) in the month of April, resulting in a stable adjusted trade surplus. The exports and imports picked up when compared to March, however, the country’s adjusted trade surplus remained unchanged in the month of April, indicating a recovery in Germany’s export trade since the beginning of the year. “Total exports of goods increased for the fourth straight month to a record 106.3 billion euros ($119.2 billion) in April, said Germany’s Federal Statistical Office (Destatis) on Friday, mentioning that the data is being adjusted for seasonal fluctuations and calendar impacts. Import of goods increased by 1.2% to 86.6 billion euros, which ...
Executives and Industry captains felt the budget was business-as-usual
The Dollar Business Bureau Corporate executives and industry captains deliberating at CII’s live budget viewing session at Mumbai had a mixed-feel while watching the budget unfold. When Jaitley came on the giant screen at 11:00, everybody thought he would bring AccheDin, but very few felt it were Achhe Din. Most CEOs chose modesty in acknowledging the budget as one in the “right-earnest” and some even commented that it was “business-as-usual”. CORPORATE TAXATION The industry was primarily gung-ho on amends in corporate taxation, improvement in the education sector, affordable housing, exports, tariffs and GST related discussions. But many of these keywords went unaddressed as the FM chose MSME, Agriculture and common man to focus on. Corporate taxation was anticipated to drop to an 18% figure, a proposal ...
AEPC confident that apparel exports could cross $30 bn in next three years
The Dollar Business Bureau The government’s future-oriented initiatives to modernise the country’s textile sector will help push apparel exports to more than $30 billion in the next three years, industry body AEPC said. Referring to the government’s Rs.6,000 cr special package announced in June for the textiles sector, Apparel Export Promotion Council said this move, along with innovative designs prowess will bring about a paradigm change for the industry. "We have an ambitious target for export and job creation in the next three years. The industry is poised to grow in 2017. I am sure we will not only achieve the $30 billion mark in next three years for apparel exports, but have the potential of exceeding the expectation," AEPC Chairman Ashok Rajani said. India’s apparel ...
Economic reform an ongoing process than one big event: FIEO Chief
Naveen Kumar| The Dollar Business Director General and CEO, Federation of Indian Export Organisations (FIEO), Ajay Sahai opined that economic reform has to be an ongoing process rather than one big event. Speaking at a seminar in Delhi on “Say YES to Sustainable MSME’s in India” organized by FIEO for the benefit of exporters, Sahai said, “It was quite an unconventional budget. It’s more a statement of purpose rather than statement on finance. The focus has been put on infrastructure, sustainable development, tax reforms, ease of doing business, eliminating to some extent the parallel economy which is affecting India’s economy in big way.” Sahai went on to add “On ease of doing business, the government is quite conscious because ...
