India, Bangladesh hold discussions on joint study for proposed free trade pact

India and Bangladesh on Thursday held discussions on a joint study for the proposed free trade agreement and harmonisation of standards with a view to boost two-way commerce, the government said on Thursday. “Both sides held extensive discussions on a variety of issues of mutual interest, like Border Haats, joint study for the proposed Comprehensive.

Read More

Cheaper loans for exporters in the works

The government is working on a scheme to offer rupee and dollar loans at lower rates to exporters to address their liquidity concerns and give a boost to slumping exports. The commerce department has proposed giving rupee credit to exporters at around 7.5% rate of interest and dollar-denominated loans at around 3.5% under the proposed.

Read More

New scheme on anvil for businesses helping government curb imports, suggests Nitin Gadkari

Trade, Imports, Exports for MSMEs: Companies engaged in manufacturing ‘import substitute products’ will now be encouraged by the government to grow their businesses and help the government save foreign exchange, according to MSME Minister Nitin Gadkari. The minister, speaking at an MSME Expo in Aurangabad, reported by PTI, said “there are many industries which are working.

Read More

Commerce Ministry looking to revamp SEZ policy to facilitate exports

The Commerce and Industry Ministry has examined revamping of the Special Economic Zone (SEZ) policy to meet the global challenges being faced by Indian exporters, an official statement said on Friday. It has also discussed ways for implementation of the remaining recommendations of Baba Kalyani report on SEZ to facilitate ease of doing business in.

Read More

Roadshows to lure investors for Concor

The department of investment and public asset management (DIPAM) has begun roadshows in Canada and Singapore to garner investments for Container Corporation of India, which will be undergoing strategic divestment. Officials in the know said the first round of roadshows is being held in Toronto, Canada, this week, while the second round may be held.

Read More

India seeks investment from Singapore to meet Rs 102 trn infra target

India on Monday sought investment from Singapore in newly launched National Infrastructure Pipeline (NIP), under which the government aims to take up infrastructure development projects worth over Rs 102 trn. During a meeting between Indian Finance Minister Nirmala Sitharaman and Singapore Senior Minister and Coordinating Minister for Social Policies Tharman Shanmugaratnam, it was decided that.

Read More

No decision on increasing passenger and freight fares: Railway Board Chairman

Railway Board Chairman Vinod Kumar Yadav has said no decision has been taken to increase passenger and freight fares. On Thursday, Yadav had said the railways was in the process of “rationalising” its passengers and freight fares. He told reporters here on Saturday the railways will work towards providing better facilities to its passengers and.

Read More

Government exploring alternative incentives for SEZs to make them WTO compliant

With the World Trade Organization (WTO) prescribing withdrawal of prohibited subsidies given to the Special Economic Zones (SEZs) by the middle of 2020, the government is trying to fast-track work on reforming provisions for the zones to make them compatible with the multilateral norms. One the options before the Commerce Ministry, which is exploring several.

Read More