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Budget misses attention on export industry at large: TPCI

Saturday, July 6, 2019, 4:59 PM

The Budget has missed the opportunity to focus on steps to boost exports which are already reeling under the global headwinds and witnessing a flattened growth, exporters' bodies said Saturday. Trade Promotion Council of India (TPCI) Chairman Mohit Singla said the industry book order suggests that exports in June will slip into negative terrain.
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China says US agreed not to impose new tariffs on its exports

Saturday, June 29, 2019, 11:37 AM

During bilateral talks with Chinese President Xi Jinping, US President Donald Trump said the country will not levy new tariffs on Chinese exports, Chinese state media reported. Trump added he was open to a "historic" trade deal with China. "I actually think that we were very close and...that something happened where it slipped a little bit," he further said.
 
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Centre removes export incentives for onion

Tuesday, June 11, 2019, 4:16 PM

The government has removed incentives for export of fresh and chilled onions, a move aimed at discouraging outbound shipments of the kitchen staple due to rising prices in the domestic market. Exporters of onion were earlier availing incentives under Merchandise Exports from India Scheme (MEIS) at the rate of 10 percent. Under MEIS, the government provides duty benefits depending on product and country.

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