Govt may extend interest subsidy scheme for exporters by 3 years

Last Updated: Sunday, September 13, 2015, 12:06

The ministries of commerce and finance are discussing the issue and their decision is likely to be sent soon to the Union Cabinet for approval, sources said.

Exports of 10 key agricultural products in negative zone in July

Last Updated: Monday, September 7, 2015, 15:46

Cereals, oil meals, oil seeds, fruits and vegetables, marine products, dairy and poultry products too recorded negative growth during the month, according to the Commerce Ministry.

Govt mulling interest rate sops to leather industry

Last Updated: Sunday, August 16, 2015, 11:20

The Commerce Ministry has circulated a draft note on providing benefits of interest subvention scheme to exporters and the Cabinet is expected to take a decision on the sops by the end of this month, an official said.

Exporters worried as outbound shipments continue to slide

Last Updated: Friday, August 14, 2015, 23:59

With India's outbound shipments contracting for the eighth month in a row, exporters on Friday expressed concern over the continuous slide, saying government needs to immediately step in and chalk out a strategy to give them a competitive edge.

Commerce Ministry moves Cabinet note on interest subvention scheme

Last Updated: Sunday, August 9, 2015, 10:53

To give a fillip to exports, the Commerce Ministry has moved a Cabinet note on a proposal to provide cheaper credit access to exporters from various sectors under the interest subvention scheme.

Ficci panel meets Jaitley, suggests measures to boost textiles

Last Updated: Saturday, August 1, 2015, 19:03

Representatives from a Ficci panel on Saturday met Finance Minister Arun Jaitley on issues related to the textiles sector and pitched increase in allocation of funds under Technology Upgradation Fund Scheme and interest subvention for exporters.

Govt to soon announce interest subvention scheme for exporters

Last Updated: Friday, July 17, 2015, 13:53

Concerned over a continuous decline in exports, the government on Friday said it will soon announce an interest subsidy scheme for exporters.

Banks can factor export receivables to improve cash flow: RBI

Last Updated: Thursday, July 16, 2015, 23:09

The Reserve Bank on Thursday allowed banks to factor export receivables on a non-recourse basis, so as to enable exporters to improve their cash flow and meet their working capital requirements.

Traders to continue importing rough diamonds

Last Updated: Wednesday, July 8, 2015, 00:55

Even as the market is going through tough times, diamond exporters today decided to continue with imports of rough diamonds so that there are no lay offs.

'Traders can pay fees using credit, debit cards from this week'

Last Updated: Tuesday, July 7, 2015, 15:21

Exporters and importers will be allowed to pay their fees and penalties through debit or credit cards from this week, a move aimed at further improving the ease of doing business in India.

Jewellery retailers may see 12% revenue growth in FY16: Ind-Ra

Last Updated: Thursday, June 18, 2015, 20:02

Gems and jewellery retailers are likely to outshine exporters by registering up to 12 percent growth in revenue on rising domestic demand this fiscal year, India Ratings and Research (Ind-Ra) Thursday said.

Exotic forex derivative issue surfaces again

Last Updated: Tuesday, June 16, 2015, 23:35

The 'exotic forex derivative' issue which allegedly cost nearly Rs 400 crore to exporters here, has again surfaced, as a major bank recently initiated the process of auctioning a running textile unit in this knitwear town to recover some Rs 23 crore from the owners.