Commerce Minister Piyush Goyal stated on Friday that free trade agreements (FTAs) would only be signed after extensive consultation with all stakeholders and that the government would not deviate from this approach for the sake of deadlines
Dubai’s model of being a trading, financial services hub is something everyone is looking at, including their neighbour Abu Dhabi, says B.V.R Subrahmanyam, commerce secretary
India could soon have a dedicated export promotion body within the government. The Centre is currently working on the creation of such a body that would help boost overseas shipments as the country aims to nearly double merchandise exports to $500 billion by next year. At present, the Federation of Indian Exporters Organisation is (FIEO) is the apex export body that was set up
Government sources recently said that these refunds could come handy at a time when cost of fuel and freight are soaring globally while also affecting domestic price structure. The said scheme intends to replace incentives that are not compliant with the World Trade Organisation (WTO).
Subrahmanyam, who was speaking at an event organised by the Confederation of Indian Industry (CII), said the government is likely to announce refund rates under key tax neutralisation schemes for the exports sector by Friday.