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India's exports turn positive after 18 months; up 1.27% in June

Jul 15, 2016

India's exports turn positive after 18 months; up 1.27% in June

Snapping 18-month downward spiral, India's exports in June rose 1.27 per cent to USD 22.57 billion. #oil imports #exports #imports #Trade Deficit #commerce ministry #NewsTrack
'Extra push' via incentives for textiles will create more jobs, says Nirmala Sitharaman

Jun 23, 2016

'Extra push' via incentives for textiles will create more jobs, says Nirmala Sitharaman

The Union Cabinet yesterday approved a Rs 6,000 crore package for textiles and apparel sector with an aim to create one crore new jobs in three years and attract investments of $11 billion while eyeing $30 billion in exports #Apple Inc. #jobs #Apparel #Nirmala Sitharaman #textiles #exports #incentives #Brexit
Govt clearsRs 6,000 cr package for textiles, apparel, says move to create 1 cr new jobs in 3 yrs

Jun 22, 2016

Govt clearsRs 6,000 cr package for textiles, apparel, says move to create 1 cr new jobs in 3 yrs

The measures approved include additional incentives for duty drawback scheme for garments, flexibility in labour laws to increase productivity as well as tax and production incentives for job creation in garment manufacturing #jobs #Apparel #exports #Rashmi Verma #textile
Auto component sector likely to grow10-12% in FY17 on strongmonsoon bet: ACMA

Jun 17, 2016

Auto component sector likely to grow10-12% in FY17 on strongmonsoon bet: ACMA

In the last fiscal, the auto component industry's turnover grew by 8.8 percent to Rs 2.55 lakh crore as against Rs 2.34 lakh crore in 2014-15 #Monsoon #exports #ACMA #auto component
Govt mulls 25% tax on sugar exports amid drought in several regions

Jun 10, 2016

Govt mulls 25% tax on sugar exports amid drought in several regions

Sugar output in India is expected to decline this year due to a drought in major growing regions #Sugar #Brazil #Rupee #exports #Drought #USDA
Exports decelerates for 17th straight month to $20.25 bn; April trade deficit halves

May 14, 2016

Exports decelerates for 17th straight month to $20.25 bn; April trade deficit halves

Imports too dipped by 23.1 percent to $25.41 billion in the month under review as against $33 billion in April 2015 #petroleum products #exports #imports #Trade Deficit #engineering goods
Policymakers shouldn't encourage any one industry, says Raghuram Rajan

May 12, 2016

Policymakers shouldn't encourage any one industry, says Raghuram Rajan

Rajan said India has managed a growth rate of over 7 percent despite "inhospitable global growth conditions" #Inflation #Raghuram Rajan #RBI Governor #exports #industry bodies
India has continuous trade defict with 27 nations for last 3 years

May 10, 2016

India has continuous trade defict with 27 nations for last 3 years

India’s exports have been adversely affected by recessionary trends across the globe, including in the EU and the U.S #Nirmala Sitharaman #exports #Trade Deficit