Home, DPIIT secretaries talk to industry associations for speeding up economic, industrial activities: Govt
The DPIIT in a tweet said that the conference with industry associations was "to facilitate permits for industrial activities in order to boost economic activities."
Apex exporters body FIEO on Tuesday said the micro, small and medium enterprises (MSME) do not have adequate liquidity to pay wages to their employees for the month of April as they are unable to conduct any business activity during the lockdown
Coronavirus Outbreak: Exports sector may witness 15 million job losses, increase in NPAs, says industry body
About 15 million people face job losses in India's exports sector following cancellation of over half of the orders and gloomy forecast for global trade due to the Covid-19 pandemic, exporters' body FIEO said on Friday
Exporters to meet Piyush Goyal today; opening factories with 50% workforce, wage issues to be discussed
Exporters will seek immediate roll out of support measures and permission for opening up their factories with 50 percent of workforce during a video conference meeting called by Commerce and Industry Minister Piyush Goyal on Wednesday
The commerce ministry has designed an online platform for the issuance of a key document required for exports to those countries with which India has trade agreements, with a view to facilitate shipments during the COVID-19 crisis
Apparel exporters seek Narendra Modi's intervention for stimulus package; say overseas buyers cancelling orders
He said that about 70 percent of the apparel units are in the MSME sector and it is imperative to note that the member-exporters strictly comply with national and international norms.
The Reserve Bank of India (RBI) on Wednesday announced more measures, including the extension of the period for realisation and repatriation of export proceeds, to deal with the economic fallout of the Covid-19 pandemic
The Central Board of Indirect Taxes and Customs (CBIC) has asked the Directorate General of Foreign Trade to make the accreditation system for star exporters more robust to curb tax fraud
The government is looking at simplifying procedures and making available funds at competitive rates to exporters with a view to boost the country's shipments, Commerce and Industry Minister Piyush Goyal said on Wednesday
Govt identifies 5,106 'risky exporters' who fraudulently claimed GST refunds based on bogus invoices
The government on Thursday said it has identified 5,106 "risky exporters" so far who have claimed GST refunds based on bogus invoices, and would manually check their claims before issuing refunds
Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutiny
Since the GST Network (GSTN) systems are integrated with Customs, hence, refunds are generally transferred to the bank accounts of such exporters within a fortnight.
Some dollar buying by exporters, however, helped the rupee recover its lost ground at the fag-end. The domestic currency finally settled at 69.62, up by 5 paise over its previous close.
At the Interbank forex market, the rupee opened higher at 68.88 and strengthened further to 68.81 against the US dollar, higher by 15 paise over its previous close.
Rupee opens marginally higher in early trade on weak dollar, higher opening of domestic equity market
Besides the greenback's weakness against some currencies overseas, increased selling of the American currency by exporters as well as banks supported the rupee, forex dealers said.
Rupee rises 20 paise to 69.14 in early trade on sustained foreign fund inflows, higher opening of domestic equities
The rupee on Thursday had strengthened by 20 paise to close at 69.34 against the US dollar.
Exporters are likely to get incentives based on parameters like research and development, product-specific clusters and production pattern under a five-year foreign trade policy (FTP) to be released later this year
Rupee gains for 6th straight session, rises 21 paise to close at 71.46 against dollar as crude oil prices soften
This is the sixth straight session of gains for the rupee as the US dollar weakened against some currencies overseas
Rupee recovers 42 paise to 73.15 against dollar, buoyed by easing crude prices and selling by exporters
At the Interbank Foreign Exchange, the rupee opened up at 73.18 and further advanced to quote 42 paise higher at 73.15 on increased selling of the American currency by exporters and banks.
Forex dealers said weakness in the dollar against a few currencies overseas and early gains in domestic equities gave some support to the rupee.
GST refunds: Finance Ministry refutes 'exaggerated, inaccurate' reports; says actual pending amount is Rs 2,077 cr
While a large number of exporters were granted GST refunds, a few claims are pending due to deficiencies found in claims, the Finance Ministry said.