[ad_1] NEW DELHI: Commerce and industry minister Piyush Goyal on Friday unveiled moves to simplify the regime for exporters in special economic zones, those with export-oriented units or using the advance authorisation scheme and provide benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme.While noting that goods exports may be marginally…
[ad_1] WASHINGTON: The US trade deficit widened slightly in December, but contracted sharply in 2023 as imports declined and exports rose. The trade deficit increased 0.5% to $62.2 billion, the Commerce Department’s Census Bureau said on Wednesday. Data for November was revised to show the trade gap shrinking to $61.9 billion instead of $63.2 billion…
[ad_1] CHENNAI: A container crisis is looming in the Red Sea, thanks to geo-political issues, which has the potential to disrupt India’s exports to Africa and Latin America. According to exporters, shipping freight rates are expected to double on some routes, with exports of petroleum, automobiles, marine food and agri commodities likely to be affected….
[ad_1] NEW DELHI: TVS Motor Company on Wednesday reported a 59 per cent increase in its consolidated net profit to Rs 479 crore for the third quarter ended December 31, 2023, riding on the back of robust sales across markets. The company posted a consolidated net profit of Rs 301 crore in the October-December period…
[ad_1] NEW DELHI: India’s excessive reliance on a few agricultural commodities — rice, sugar, spices and oil meal — make it vulnerable in the wake of recent curbs imposed on some of the products, a report by economic think tank Global Trade Research Initiative (GTRI) said.It said that five products — basmati rice, non-basmati rice,…
[ad_1] NEW DELHI: India’s trade deficit narrowed to $20.6 billion in November as both goods exports and imports fell during the month after a rise in October.Goods exports shrank 2.9% to $33.9 billion in November due to a decline in key product categories – engineering goods, petroleum products and garments. The 4.4% fall in imports…