Exports down: FinMin yet to notify scheme announced in June

Last Updated: Sunday, October 21, 2012, 15:54

"The Commerce Ministry has written two-three letters to the Finance Ministry. The notification is awaited," an official said.

India needs to focus on developing new export markets: Pranab

Last Updated: Friday, October 5, 2012, 22:26

India's high economic growth (during 2003-04 to 2007-08) was supported by diversification in export markets to Asia and Africa.

Exports dip 10% in Aug; makes $360 bn target difficult

Last Updated: Monday, October 1, 2012, 12:13

Besides, reflecting slowdown in the domestic economy, imports too dipped by 5.08 percent to USD 37.95 billion, from USD 40 billion in August 2011, resulting in a trade deficit of USD 15.7 billion for the month.

Govt aims at import timeline for advance license to 12 months

Last Updated: Monday, September 24, 2012, 17:32

An advance licence is granted for the import of inputs without payment of basic customs duty. According to the current norm, the period permitted to import is 18 months and period permitted to export remains at 36 months.

EU exports to India drop 6% in H1 2012

Last Updated: Wednesday, September 19, 2012, 11:13

Exports from the 27-member European Union (EU) to India dropped six percent to 19.3 billion euro (around USD 25 billion) for January-June 2012 from the 20.6 billion euro (around USD 27 billion) for the same period in 2011.

India spent $160 billion for crude import in FY12: Report

Last Updated: Tuesday, June 26, 2012, 19:18

India spent a staggering USD 160 billion to import crude oil in 2011-12, an amount equivalent to more than half of the country's total earnings from exports during the same period, a study has said.

Foreign trade policy likely next month: Khullar

Last Updated: Sunday, April 15, 2012, 17:34

The foreign trade policy, to be unveiled next month, will focus on addressing India's trade deficit, which ballooned to USD 185 billion in 2011-12, exerting pressure on the country's current account deficit.

US exporters face trade barriers from India

Last Updated: Tuesday, April 3, 2012, 11:19

Despite India's ongoing economic reform efforts, US exporters continue to encounter tariff and non-tariff barriers that impede imports of Americans products to India.

Exports grow 4.2% in Feb, slowest in 3 mths

Last Updated: Monday, April 2, 2012, 12:23

Impacted by economic and financial problems in the US and eurozone countries, India's export growth slipped to three-month low of 4.2 percent to USD 24.6 billion in February.

Exporters unlikely to get tax incentives in Budget

Last Updated: Thursday, February 23, 2012, 16:27

With the government hard pressed to reduce fiscal deficit, exporters are unlikely to get tax incentives in the Budget for 2012-13 to be presented by Finance Minister Pranab Mukherjee next month.

RBI liberalises payment system for exporters

Last Updated: Tuesday, February 21, 2012, 20:00

The RBI has allowed banks to permit exporters to receive advance payment for shipment of goods which would take more than one year to manufacture, a step which will reduce transaction time.

CII suggests measures to achieve $500 exports target by FY'15

Last Updated: Sunday, February 12, 2012, 14:09

Against the backdrop of Commerce Ministry preparing the India's Foreign Trade Policy, CII has suggested measures that would aid in achieving the USD 500-billion exports target by 2014-15.