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The Union Cabinet is likely to discuss a special package for exporters, MSMEs and SMEs in a meeting scheduled on Wednesday. The central government’s top policy-formulating body, chaired by Prime Minister Narendra Modi, could approve a working capital loan facility for exporters as well as for the SME and MSME sectors, sources told Zee Business….
India’s economy is on course to become the world’s third largest by 2030, with gross domestic product (GDP) expected to grow between 6.5 per cent and 9 per cent, according to the Department of Financial Services (DFS). The statement was made by DFS Secretary at the National Bank for Financing Infrastructure and Development (NaBFID) conclave,…
New Delhi: With the Philippines having liberalised food imports from India, a delegation of rice exporters will be visiting the Southeast Asian country next month as part of a move to step up exports. The Philippines has agreed to remove restrictions on the import of Basmati rice. This move is expected to significantly boost India’s…
New Delhi49 minutes ago Copy link Yesterday’s big news was related to the textile sector. The government has extended the duty-free import of cotton (cotton) by three months. Now textile businessmen will be able to ask for cotton from outside without import duty by 31 December. Earlier, the government gave its exemption from 19 August…
New Delhi:Almost all the iPhones that Foxconn exported from India between March and May 2025 went to the United States, according to customs data reported for the first time by Reuters. This is a big jump from last year, when only about half of these phones were sent to the U.S. Before, Indian-made iPhones were…
Last Updated:January 15, 2025, 2:53 PM IST On a month-on-month basis, India’s exports rise to $38.01 billion in December 2024, compared with 32.11 billion in the previous month of November. During April-December this fiscal, exports increase by 1.6 per cent to $321.71 billion and imports by 5.15 per cent to $532.48 billion. India’s merchandise exports…
Last Updated:December 14, 2024, 2:32 PM IST The suspension of most favoured nation (MFN) status for India by Switzerland introduces tax challenges for Indian firms operating in Switzerland, particularly in sectors like financial services, pharmaceuticals, and IT. Investors need to keep an eye on sectors like pharmaceuticals, IT, financial services, and engineering goods. Switzerland’s recent…
Exports during April-September this fiscal increased 1 per cent to $213.22 billion, and imports grew by 6.16 per cent to $350.66 billion. (Representative image) The trade deficit, or the gap between imports and exports, was USD 20.8 billion during the same month last year. It soared to a 10-month high of USD 29.65 billion in…
The political turmoil in Bangladesh has created significant obstacles for Indian pharmaceutical exporters and medical tourism companies. Pharma companies are struggling with issues such as blocked payments, misplaced shipments, and unresponsive importers. Meanwhile, Indian medical tourism is also suffering as patients from the region are either abruptly cancelling their plans or are unable to travel…