In a pre-Finances assembly with Finance Minister Nirmala Sitharaman on Tuesday, exporters physique FIEO has sought 5 12 months extension of the curiosity subsidy scheme on loans, improve in tax deduction for R&D spends, extra funds for advertising and institution of an Indian delivery line of world reputation to cut back dependence on international delivery … Read more
The RBI might think about exporters’ demand for a sub-target for export credit score throughout the present 40 per cent goal for precedence sector lending (PSL) to make sure improved credit score stream to the sector struggling a money crunch attributable to disruptions brought on by the Purple Sea disaster. Additionally learn:Export numbers mirror resilience … Read more
Indian exporters are hopeful that the US choice to impose penal tariffs on sure Chinese language imports could end in alternatives for them as they might step in to fulfill among the provide hole. This could be extra so if Beijing retaliates, and it turns right into a full-blown tariff battle. Additionally learn:India not anxious … Read more
Exporters’ physique FIEO has stated the curiosity equalisation scheme gives “a lot wanted” competitiveness to exports. It additionally made a case for increased subvention charges arguing that rate of interest in India was a lot increased than the charges in competitor international locations. “The curiosity subvention/equalisation scheme gives a lot wanted competitiveness to our exports, … Read more