Partial revival of export sops cheers spice traders
India exports around Rs 18,000 crore worth of spices every year.
Additional 2% export benefits to end Dec 31; Government yet to give roadmap for garments, madeups
The additional 2% benefits under MEIS were announced in August to help exporters who had claimed that delayed Goods and Services Tax (GST) refunds were hurting business. With the additional benefits gone, the original incentive of 2%, 3% and 5% would remain till the time RoDTEP comes in place.
Oil prices slip as weak China exports highlight trade war impact
WTI oil futures were down 30 cents, or 0.5 per cent to $58.90 a barrel.
China's blue-chips end lower after weak export data
The blue-chip CSI300 index fell 0.2 per cent to 3,895.45.
Export drop Shows why China needs to agree on a trade deal
Total exports in November dropped 1.1 per cent from a year ago.
Oil prices slip as weak China exports highlights trade war impact
WTI oil futures were down 28 cents, or 0.47 per cent to $58.92 a barrel.
China exports fall in November, imports recover
Imports were up 0.3 percent from the year earlier, after falling for the previous six months. Analysts polled by Bloomberg had predicted a drop of 1.4 per cent. China's trade surplus with the United States, a key point of anger in the White House, fell to USD 24.61 billion from USD 26.42 billion the month before.
View: Indian exporters in need of export subsidy scheme to compete with global players
Based on a complaint by the US, a World Trade Organisation (WTO) panel has determined that India’s export subsidies are inconsistent with WTO requirements. India has appealed against the decision.
Asian shares buoyed by Wall St rally, but China worry caps gains
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 per cent.
China clampdown on illegal meat puts $2 bn trade at risk
China has adopted stricter border controls due to swine fever, meaning a big blow to Indian buffalo meat exports.
OnePlus begins pilot exports of 5G phones from India
The Chinese smartphone maker is testing 5G capabilities at its R&D centre in Hyderabad.
Textile exports up 6.3% post-GST
Besides, Bangladesh and Vietnam have the benefit of scale in apparel manufacturing and a large and productive labour force. In a separate reply to a question on decline in export of cotton yarn, she said: “There is no information regarding closure of spinning units due to decline in exports of cotton yarn”.
Indonesia plans to divert palm oil exports to India if EU cuts imports
The world’s largest producer of palm oil, is focusing big on exports to countries like India and China to overcome the likely setback it may face from the European Union, which may cut down on imports of palm oil products.
Exporters worried as US ban on sea shrimps stays
Some exporters are ready to fit boats with devices to keep turtles out of hunt.
Exim Bank provides USD 500 mn credit to Bangladesh for defence procurement
Export Import Bank of India entered into an agreement on April 11 with Bangladesh's Armed Forces Division for making available to the latter a Government of India-supported line of credit (LoC) of USD 500 million, the RBI said in a notification on Friday. The LoC is for the purpose of financing defence-related procurement in Bangladesh, it said.
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