To be sure, the Centre said Saturday that the industry could function with half the usual staff strength through the Covid-19 lockdown, which is scheduled to end mid-month, going by the current timetable.
Black tiger shrimp, commonly known as the giant tiger prawn or Asian tiger shrimp, is a popular seafood delicacy the world over and also forms an important segment of India’s marine products export basket. Japan consumes nearly 40% of India’s black tiger shrimp exports, while it enjoys niche markets in EU and USA also.
However, the directorate amended the policy on Saturday and withdrew these exemptions, saying that the export of Hydroxychloroquine and formulations made from Hydroxychloroquine is no longer allowed from SEZs/EOUs or against Advance Authorisation or against full advance payment.
Earlier, the exports of these products were allowed without any restrictions. Products under the restricted category mean that an exporter now requires a licence from the DGFT for outbound shipments.
According to Chinese official data, trade between the two countries in January and February of 2020 was down 12.4% year-on-year. China's exports to India during this period stood at 67.1 billion yuan, down 12.6% y-o-y, while imports from India dropped 11.6% to 18 billion yuan.
“We conducted a video conference with all states and Insurance companies to review the payment of claims, status of conduct of crop cutting experiments for Rabi 2019-20 crops, crop loss survey and implementation of Smart Sampling Technique,” the official said.
From January to February, China's exports to India were 67.1 billion yuan (USD 9.5 billion), down 12.6 per cent on a yearly basis and imports from India dropped 11.6 per cent to 18 billion yuan (USD 2.5 billion), the state-run Global Times reported on Friday. Bilateral trade fell by 12.4 per cent to 85.17 billion yuan (USD 12 billion) in the first two months, the report quoted Chinese Customs data.
For the April-February period of the fiscal 2019-20, India's exports of engineering items to the largest 25 markets aggregated to $53.30 billion , of the total shipments of $70.6 billion . There are widespread disruptions even in smaller markets. While exports for March are expected to be coming under severe impact of the global lockdowns, the April data is likely to be quite dismal as nations across the world are pushing hard on restrictions.
FIEO has asked the government to declare the complete supply chain, including labour required for loading, transport of goods, courier services and port facilities, as essential service. Manufacturer-exporters have sought permission to start manufacturing and fabrication work after completion of the lockdown period.
In a notification, India has informed the World Trade Organisation (WTO) that the value of its rice production was USD 43.67 billion in 2018-19 and for that it provided subsidies worth USD 5 billion, which is in access of prescribed 10 per cent ceiling.
The peace clause protects a country’s food procurement programmes against WTO action.
Physical documents, essential for banks to honour letters of credit, are currently unavailable, with the logistics industry virtually shutting down across large swathes of the planet.
As per the notification, the validity of various import-linked export schemes such as Duty Free Import Authorisation (DFIA) and Export Promotion Capital Goods (EPCG) have been extended by one year. Under EPCG, exporters can import certain amount of capital goods at zero duty for upgrading technology related with exports while DFIA allows them to import certain goods like sugar at zero duty.
All personnel who are assigned the charge of these essential services are required to be available in office on all working days from Monday to Friday between 9:30 AM to 6:00 PM in order to facilitate the trade as well as ensure smoother operation of related services across the country.
The exports of these products were free earlier but now they require a Shipment Clearance Certificate and after the shipment is made, the exporter will also have to provide a “Health Certificate” consignment wise to the buyer, the Directorate General of Foreign Trade (DGFT) said in a notification on Tuesday.
According to a joint statement issued after a video conference, the ministers agreed to support the availability and accessibility of essential medical supplies at affordable prices, on an equitable basis, where they are most needed and will guard against profiteering and unjustified price increases.
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