The Apparel Export Promotion Council (AEPC) has urged the Centre to declare Faridabad, Delhi and Erode as Towns of Export Excellence which would help exporters set up expensive facilities for common use by exporters in the region.
Interest equalisation scheme for exporters likely to be extended
February 11, 2021
Mending needed Policymakers must redesign the Interest Equalisation Scheme to make it more effective S.SIVA SARAVANAN
Mending needed Policymakers must redesign the Interest Equalisation Scheme to make it more effective S.SIVA SARAVANAN×
₹1,900-crore budgetary provisionleads to hope among exporters The government is likely to extend the interest equalisation scheme for exporters, which is to lapse on March 31, 2021, by at least another year, to help them deal better with the disruptions caused by the Covid-19 pandemic.
“The interest equalisation scheme was announced for a period of five years in the Foreign Trade Policy (2015-20). Its validity was extended by a year last fiscal as the government deferred the announcement of a new five-year Foreign Trade Policy due to the pandemic. It is likely that the government would extend the scheme at least by a year as exporters need continued support
What India’s new Foreign Trade Policy can and needs to do
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What India’s new Foreign Trade Policy can and needs to doBy Pushkar Mukewar, ET CONTRIBUTORS
Last Updated: Feb 06, 2021, 10:12 AM IST
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Synopsis
The new Foreign Trade Policy will need to be beefed up to help exporters combat the double whammy of Covid-19 and protectionism.
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India, now more than ever, needs a robust Foreign Trade Policy (FTP) that can tackle the new normal while nations struggle to deal with a covid-19 pandemic and economic downturn.
This is probably one of the most troubled times for exporters almost anywhere in the world. Whether because of political considerations or because of pandemic-induced lockdowns, more and more nations seem to have withdrawn into protectionist shells. India, now more than ever, needs a robust Foreign Trade Policy (FTP) that can tackle the new normal while nations struggle to deal with a covid-19 pandemic and economic downturn.
COVID knocked out tourism, can Budget 2021 revive it?
Several experts are of the view that the sector may take 3-4 years to fully recover and are expecting the Centre to grant long pending demand for industry status to the sector as well as lower GST rates, thereby giving direct relief, particularly to hotels
BusinessToday.In | February 1, 2021 | Updated 07:33 IST
The tourism and hospitality industry is seeking extensive support from the government in wake of unprecedented damage done by coronavirus crisis
The tourism and hospitality industry, which is one of the most-affected sectors due to the COVID-19 pandemic, has pinned high hopes on the Budget 2021.
Manufacturing under Customs Bonded Warehouse – Opening up new possibilities
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Last Updated: Jan 31, 2021, 10:02 AM IST
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Synopsis
The manufacturing industry expects that the government, through the Budget, would bring in incentives or new schemes to infuse fresh life and to also, promote foreign investment in this sector which will assist in generating employment.
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Under the CBWs scheme, a manufacturer is allowed to import duty-free inputs/capital goods for undertaking manufacturing in CBWs.
Union Finance Minister Nirmala Sitharaman would be presenting the Union Budget on 01 February 2021, one of the most critical Budgets in recent times as it would define India’s path to economic recovery. The Indian economy has been severely impacted by the COVID-19 outbreak which has resulted in growing unemployment, led to a sharp fall in the GDP and also lowered industrial output and profits, jeopardising growth prospects, crimping new foreign investment in ma