The Government has removed the minimum condition on onion exports with immediate effect. Previously, a minimum export price of $550 per MT was imposed in May 2024. This led to a significant drop in onion exports by over 50% in June. Till July 31, 2024, India exported 2.60 lakh tons of onions this financial year. […]
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China’s economy has failed to fire over the past year amid a prolonged property sector downturn, and a survey last week showed exports in the doldrums and factory gate prices at their worst in 14 months, pointing to producers slashing prices to find buyers. China’s exports grew at their fastest pace in one-and-a-half years in August, […]
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Eyeing China’s huge market, global companies are attending a major services trade fair in Beijing to explore business opportunities in the world’s second-largest economy. Over 450 Fortune 500 enterprises and companies taking the lead in their respective industries, as well as 85 countries and international organizations, are represented at the 2024 China International Fair for […]
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In addition to the Companies Act amendments, the Ministry of Corporate Affairs is also working on changes to the Insolvency and Bankruptcy Code (IBC). The proposed amendments will further clarify the priority of repayments owed by distressed companies to statutory agencies. The Government has likely finalized amendments to the Companies Act, aiming to ease capital […]
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Union Commerce Minister, Piyush Goyal praised Bihar as a ‘hidden gem’ with untapped potential, highlighting the State’s transformation under Chief Minister, Nitish Kumar. Speaking at a CII event, Goyal urged investors to explore opportunities in Bihar, citing improvements in law and order and transparency. He also discussed efforts to boost exports to USD 2 trillion […]
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While the Make in India push has helped some big companies, the smaller ones that could not ride this tailwind now risk getting drowned. That is not good news for India’s competitiveness in the global market. The Government’s drive to boost domestic manufacturing has benefitted some business segments but small companies still import a wide […]
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According to FIEO, the value of export credit outstanding has come down to Rs 2,17,406 crores in the March 2024 quarter from Rs 2,27,452 crores in the same quarter last year. Exporters will raise the issue of “declining bank credit” to exporters at the Board of Trade (BoT) meeting that will be held on Friday […]
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The Government has launched the Trade Connect e-Platform to streamline export and import information for entrepreneurs. Developed with various Ministries and organizations, it aims to connect over 6 lakh IEC holders and provide real-time trade-related data. The portal will be updated regularly and include additional services in its second version by 2025. The platform is […]
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Workers assemble a BYD Dolphin compact hatchback electric vehicle inside the company’s new plant in Nikhom Phatthana, Thailand, in July. Bloomberg China has strongly advised its carmakers to make sure advanced electric vehicle technology stays in the country, even as they build factories around the world to escape punitive tariffs on Chinese exports. Beijing is […]
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This comes in the wake of assurances from Minister of Heavy Industries, HD Kumaraswamy and Commerce and Industry Minister, Piyush Goyal, during events organised by the Indian Steel Association (ISA), that steps would be taken to restrict Chinese steel imports to protect the domestic steel industry. As large steel producers push for protectionist measures citing […]
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