World News 24by7

Tags : "foreign trade"

Importers must prove 35% value addition in origin country to

admin 18th September 2020

Importers will have to provide proof of 35% value addition of goods imported through free trade agreements (FTA) to customs authorities, failing which duty benefits available under the agreement will be denied, government sources said. Sources said that while the customs authorities were engaging with industry and associations to sensitize them about the changes to […]Read More

Buffalo meat exports rise 15% in Aug; pre-Covid level expected

admin 13th September 2020

NEW DELHI: Buffalo meat exports rose 15% in August from a year ago and are likely to reach pre-Covid levels in the Oct-Dec quarter, companies and trade bodies said. Exporters said demand from Vietnam, Malaysia, Indonesia, Egypt and Saudi Arabia had boosted sales and the trend would continue. “Looking at the trend we hope that […]Read More

Long road ahead for export recovery: Report

admin 1st July 2020

MUMBAI: Any prolonged disruption due to COVID-19 could materially impact credit and liquidity profiles of companies in export-dependent sectors such as textiles, gems and jewellery, and auto ancillaries, a report on Wednesday said. Export recovery, which may begin from the second quarter, could get further delayed if the border standoff with China lingers on, an […]Read More

Govt eases conditions for silver import

admin 13th May 2020

New Delhi: The government on Wednesday eased the norms for import of certain kinds of silver. While the imports remain restricted and allowed only through nominated agencies as notified by Reserve Bank of India and the Directorate General of Foreign Trade (DGFT), the government has exempted import of silver under Advance Authorisation and supply of […]Read More

How India exits lockdown will show its preparedness for the

admin 6th April 2020

The Covid-19 pandemic, by the time it’s achieved, would have set the stage for altering the global energy dynamic. International establishments are already coming beneath extreme scrutiny and stress, whereas the good previous nation-state, driving on robust nationalist sentiments, appears to be taking centre stage. The purpose is two-fold: one, due to the method through […]Read More

Blanket ban on export of anti-malarial drug hydroxychloroquine, government withdraws

admin 4th April 2020

NEW DELHI: The government on Saturday imposed a blanket ban on the export anti-malarial drug hydroxychloroquine and its formulations, days after it culled out exceptions for some classes. “The export of hydroxychloroquine and formulations made from hydroxychloroquine, therefore, shall remain prohibited, without any exception,” the Directorate General of Foreign Trade (DGFT) mentioned in a notification. […]Read More

COVID-19: Foreign trade policy may get extended

admin 27th March 2020

NEW DELHI: The authorities is prone to lengthen the prevailing Foreign Trade Policy by six months to September 30 within the wake of the Covid-19 outbreak. A choice is anticipated in a few days, officers mentioned. “There is a request to extend the extant policy from many export promotion councils; we are looking at it,” […]Read More

View: With COVID-19 a pandemic, we need a rational economic

admin 12th March 2020

Economists have been unusually guarded in their assessment of both the impact and policy antidote for the coronavirus (Covid-19). As US central banker Thomas Barkin put it, ‘Central banks can’t come up with vaccines.’ The US Fed’s attempts to calm the financial markets through an emergency policy rate cut of a hefty half a percentage […]Read More