A new scheme, Remission of Duties or Taxes on Export Products, will replace MEIS scheme.
Imports too declined by 13.45 per cent to USD 39.58 billion, narrowing trade deficit to USD 13.45 billion in August.
Export credit disbursement declined 23% in 2018-19 to Rs 9.57 lakh crore from Rs 12.39 lakh crore in 2017-18.
Moving RoSCTL, advance authorisation schemes to revenue dept may help boost slipping exports.
Finance and commerce ministries have held several round of talks on these measures, the official said.
The company is aggressively focusing on developing local logistics capabilities to capitalize on India’s growing market.
If you join the dots, there is a much a cleaner credit system in place and better corporate governance standards, says Kumar.
The world economy may be facing a slowdown, but exporters have upped the innovation quotient to beat the blues.
The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi.
Can a slowdown be used to your advantage? Sriram Narayanasami, VP Commercial for the world’s largest shipping company, Maersk, certainly thinks so.
President Trump, championing his 'America First' policy has been a vocal critic of India for levying "tremendously high" duties on US products, has described the country as a "tariff king".
Goyal’s visit, which was earlier planned for August, could not materialise as American trade officials were discussing their bilateral issues with China.
Move follows negative feedback from industry and view that FTAs have hurt Indian manufacturing.
Players hit by sluggish exports & rising imports from Bangladesh and Lanka, one-third of production capacity lying idle.
Exports had slumped 9.71% in June on the back of intensifying trade tensions between the US and China.
The government has offered flurry of incentives this year to boost exports amid sugar glut which included transport subsidies.
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