INDIAN EXPORT ORGANISATION
Over 20% export orders cancelled
Prime Minister Narendra Modi asked ministries to be ready with a plan to boost exports, with focus on new sectors and markets.
Exporters seek nod to restart ops with 50% staff, essential tag
FIEO has asked the government to declare the complete supply chain, including...
North East Students’ Organisation and Congress demand protection for Northeast Indians
At a shopping mall in Pune, a middle-aged woman abused...
Indian-origin nonprofit organisation activates helpline for coronavirus response in US
Sewa International started the initiative after the World Health Organization (WHO) on Wednesday characterised the COVID-19 outbreak as a "pandemic" and expressed deep concern over its "alarming levels" of "spread, severity, as well as inaction".
Amid Coronavirus outbreak, India mulls export ban on 12 essential drugs
An eight-member expert committee constituted by the government to assess availability of medicines in the country has suggested imposing export restrictions on 12 drugs including antibiotics like chloramphenicol, neomycin, metronidazole, azythromicin, clindamycin; vitamin B1, B2 and B6; as well as hormones like progesterone used during pregnancy and in menstrual related problems.
Indian Industry seeks 10-point boost plan from govt for the exporters effected by coronavirus
The plan drawn up by the Confederation of Indian Industry (CII) covers everything from extending the 5% interest subvention scheme to all exporters to one-time extensions of customs duty payments and filing bill of entry. Exporters suggest that consignments which are ready for shipment should be allowed to be transported from the manufacturer’s factory or warehouse to the customs facility.
Netanyahu requested PM Modi to allow export of masks, pharmaceuticals to Israel: Report
Israel's Channel 13 on Friday reported that Netanyahu made the request after India decided to stop the export of these items to meet its own domestic requirements in view of the rapid spread of coronavirus. The leading news channel also put out a promotional tweet ahead of its broadcast during its main evening bullettin.
Likely drop in India’s coffee exports as coronavirus fear spreads
Italy, the largest buyer of Indian coffee, is anticipating a 10-12% drop in consumption. “The Italian government has asked people to maintain a distance of 1.5 m in public which will hit the consumption in coffee bars and community tables, a part of the country’s culture,” said Ramesh Rajah, president of Coffee Exporters Association.
NIV Pune to approve Covid-19 testing kits made by Indian companies
Indian Council of Medical Research (ICMR) on Monday said Indian manufacturers can produce testing kits and supply to private and government laboratories with NIV validation, even if they don’t have approval from the USFDA and European CE.
Health Ministry asks Indian airlines not to carry those with 'home quarantined' stamps
As the ban on international flights came into effect in India in the wake of novel coronavirus outbreak, the Union health ministry on Monday told Indian airlines that passengers with "home quarantined" stamps on them should not be allowed to board any domestic flight.
ICRA expects Indian apparel exporters to report a moderation in profitability in FY20
The Indian apparel exporters are passing through testing times, with several internal and external challenges.
Coronavirus boosts Indian steel export prospects as China chokes
China is the world’s largest steelmaker and accounts for more than half of global output. The virus crisis has crippled demand and led to record high inventories of steel in the country. "Indian steelmakers could gain business from this month onward as supply gaps emerge in Southeast Asia, " Jayant Acharya, director for marketing at JSW Steel Ltd. said.
Coronavirus contamination: Indian handset companies call up govt for clarity
The association has issued a limited advisory to its members based on one from the US Centers for Disease Control and Prevention (CDC). “There is real fear among workers that the highly contagious virus might spread through machinery, components and devices imported from China,” Mohindroo said.
Coronavirus: Students from IITs, IIMs collaborate to help stranded workers, migrants amid lockdwon
The group, which has over 700 student volunteers, has launched a toll free helpline where people can call for help and the team would coordinate with NGOs to ensure the requirement is fulfilled.
Govt rolls back duty benefits to apparel exports as it retains state taxes rebate scheme
The ministry has rolled back the incentives under the MEIS under which the government provides duty benefits depending on product and country. Rewards under the scheme are payable as percentage of realised free-on-board value and MEIS duty credit scrips can be transferred or used for payment of a number of duties, including the basic customs duty.
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