Search Result for : Indian Exports

By Ranjeet Mahtani, Suhasini Joshi & Darshan Bora Globally, export control regimes are designed to control the export of dual-use goods and technologies which can be used in both - civilian as well as military applications. Among other things, export control regulations involve subjecting exports of specified items to prior authorization / licensing. The objective is to prevent illegitimate trade in such dual-use items and control the export of products to countries that are considered as a national threat. Recent overhaul of Indian SCOMET list The Indian Export Control regulations have been significantly overhauled by the Directorate General of Foreign Trade (DGFT) with effect from May 1, 2017. The amendments seek to revise the Special Chemical, Organisms, Materials, Equipment and Technologies category (SCOMET) ...

The Dollar Business Bureau  India’s widely appreciated basmati rice may face the closed doors of the EU due to the new regulations that EU has imposed on chemical residues, The All India Rice Exporters Association (AIREA) said on Wednesday. A fungicide named tricyclazole which many farmers use to prevent leaf and neck blast in basmati paddy varieties was banned by EU. For sometime EU had allowed a maximum residue limit (MRL) of 1ppm (parts per million) on the basmati rice that was exported to EU. However, it has issued a notification that residues above 0.01 ppm will not be allowed in the basmati imports after Dec 31, 2017.  Speaking to the media, AIREA President, Vijay Setia said it would not only impact their ...

The Dollar Business Bureau  With India’s exports witnessing a continuous growth, the exporters’ body Federation of Indian Export Organisations (FIEO) expects that the merchandise shipments from the country would touch $325 billion in the current fiscal. “Indian exports have been on an upward trend in last few months with export of $275 billion in last fiscal and a target of $325 billion to achieve in 2017-18,” the exporters’ body said in a statement. While the country is witnessing a positive trend since the past nine months on exports, there is concern in the business fraternity with regards to the Goods and Services Tax (GST), said FIEO President Ganesh Kumar Gupta. While India’s share in global exports has risen from 1.6% to 1.64% last year, this year it is 1.84% with a target of 2.4% in world trade as ...

Abin Daya the author of 'Basics of Trade: An India Perspective' is a FEMA expert, a career transaction banker, with close to 15 years of experience in corporate and transaction banking, in India. By Abin Daya Well, the effect of that abysmal performance of the core sector had to have some effect on the IIP. IIP numbers have come in at the lowest in 4 months with -1.2% growth. However, the coming months might give us some respite considering the improvement in economic activity during the month of March. And speaking of March, we have got a second consecutive month of double digit export growth during the month, and that has helped us pull off a positive growth in annual export figures after ...

Sneha Gilada Pharmaceuticals contribute as much as 5% to all Indian exports, and US is the biggest export market for Indian pharma, contributing one-third of total pharma exports. Naturally, the big names in Indian pharma are experiencing jitters from Trump's recent protectionist utterances.  At Bio Asia 2017, in an exclusive with Matt Szuhaj, MD, Deloitte Consulting LLP, San Francisco, The Dollar Business explores the extent of disruption the new political developments in America could cause. What is the present corporate tax scenario in USA?  Let me give you a broader context. Outside of the administration change in US, there was an effort by the OECD countries called base erosion and profit shifting. This was a process of trying to harmonise tax codes between countries. Essentially, they wanted more visibility, more transparency, and less individual agreements for specific ...

Deepak Kumar Exporters have put forward their 2017 Union Budget recommendations, awaiting key announcements that could revive the country’s exports and boost economic sentiment across various exporting industries. Indian exports have witnessed a marginal revival in the last few months, after a prolonged period of decline month after month. The continuous fall in India’s outbound shipments have raised many questions on the export potentials of the domestic industry as well as the government’s ineffective policies. On November 8, Prime Minister Narendra Modi announced the demonetisation scheme, banning 500 and 1000 rupee notes from circulation. The domestic industry, as well as exports, felt its negative impact, which, according to the industry analysts, should be one of the key points to be addressed in the Budget on February 1. While the government has reiterated that it will make multifarious efforts to bolster India’s exports, the industry, as ...

The Dollar Business Qatar Navigation (Milaha), a maritime and logistics conglomerate based in Qatar, has signed an agreement with the Kandla International Container Terminal (KICT) in India, to start the first direct common carrier feeder service between Saudi Arabia and India. The frequency of the first-of-its-kind service will be weekly and will connect the Gujarat port of Kandla directly with Jebel Ali in Dubai, and Dammam and Jubail in Saudi Arabia. Commenting on the launch of the new service, Milaha’s President and CEO Mr. Abdulrahman Essa Al-Mannai said: “After our successful entry into the Indian market in March 2015 with the launch of the first direct service between Qatar and India, we have been exploring various options to further enhance our presence in ...

The Dollar Business Bureau  “Generations of Indian and Hindu Americans have strengthened our country…your values of hard work, education and enterprise have truly enriched our nation.” “They are taking our jobs. China is taking our jobs. Japan is taking our jobs. India is taking our jobs. It is not going to happen anymore, folks!” "Today we are transferring power from Washington DC to the people!" "From this day forward it will only be America first!" Yes, all those statements come from one person, none other than Donald Trump, who has been sworn-in as the 45th President of the United States of America on January 20, 2017. If statements made during the long-drawn election campaign form the basis of elaborate predictions about the impact of ...