Amiti Sen

  • Ministry steps up efforts to reimburse exporters

    Ministry steps up efforts to reimburse exporters

    Although the finance ministry has shot down the commerce department’s proposal of making the Centre reimburse such taxes as part of a larger duty reimbursement scheme for exporters being worked out.

    With Asean pact in limbo, India now looks at E Asia

    With Asean pact in limbo, India now looks at E Asia

    India’s problems with the free trade agreement (FTA) being worked out with the Asean notwithstanding, the country is eagerly exploring the possibility of entering into a comprehensive economic partnership agreement (CEPA) with the sixteen East Asia Summit (EAS) members, including the 10 Asean countries, China, Japan, Korea, Australia and New Zealand.

    SEZs, EOUs too may get sops for rupee rise

    SEZs, EOUs too may get sops for rupee rise

    The commerce department has taken up the issue with the finance ministry and the announcement to include such units is likely to be made when a new package is announced later this month.

    Re rise: 10,800 laid-off across sectors

    Re rise: 10,800 laid-off across sectors

    Exporters are not only reducing volumes, several units are also shutting shop, especially in the textile and handicraft sectors, leading to layoffs. Being present-able!

    Glimmer of light at end of nuke tunnel

    Glimmer of light at end of nuke tunnel

    The Left is likely to give the green signal for the government to proceed with negotiations with the International Atomic Energy Agency (IAEA) for an agreement on India-specific safeguards.

    Exporters won't need multiple accounts to get drawback

    Exporters won't need multiple accounts to get drawback

    The government is all set to do away with rules requiring exporters to open bank accounts at every port or airport from which they export in order to obtain input tax reimbursements under the drawback scheme.

  • Amiti Sen

    We’ve got Visa power!

    India and Pakistan have once again proved to all skeptics that when they talk business, they mean business! The signing of the new bilateral visa agreement replacing the restrictive 37 year old pact is yet...

    Amiti Sen

    Chinese Checkers

    It may not be easy for Indians to love the Chinese. But it is impossible to hate them. Yes, they do flood us with cheap products ranging from diyas and crackers to chemicals, metals, electronics...

    Amiti Sen

    Economics scores over mindless patriotism

    If Pakistan needed to show proof of its sincerity in wanting closer economic ties with  India, it has indeed done so. It finally walked the talk this week with its Federal Cabinet agreeing to put...

    Amiti Sen

    Economics scores over mindless patriotism

    If Pakistan needed to show proof of its sincerity in wanting closer economic ties with  India, it has indeed done so. It finally walked the talk this week with its Federal Cabinet agreeing to put...

    Amiti Sen

    India-EU FTA–not a lost cause

    The Indian media is full of stories on how the India-EU free trade agreement will not be signed during the India-EU summit in New Delhi on Friday.  I wonder what made people think that the...

    Amiti Sen

    India-Pakistan’s MFN roller-coaster

    When the Pakistani Cabinet decided on November 2 to allow grant of most favoured nation or MFN status to India that would result in removal of import restrictions, the media, as expected, went to town...

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