-Moneycontrol.com Exports in April-November amounted to $295.26 billion, up 11.1 percent, while imports were 29.5 percent higher at $493.61 billion India's merchandise Exports posted a marginal increase in November on a year-on-year basis to $31.99 billion, data released by the commerce ministry on December 15 showed. The rise in Exports in November was a mere 0.6 percent. The latest trade numbers come after data released last month showed Exports contracted 17 percent in October...
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Centre cuts windfall tax on domestic crude oil by 65%
-PTI/ The Telegraph The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday New Delhi: The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on Export of diesel and ATF following a drop in global oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural...
More »Rice market set for a bull run -Subramani RA Mancombu
-The Hindu Business Line World over rice production is likely to fall due to a combination of drought and floods Three developments over the past couple of months have put the global rice market in focus. First, the India curbed rice Exports by banning shipments of fully broken rice and imposing a 20 per cent duty on white rice Exports. Second, Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar told the...
More »Why are India’s slowing Exports a cause for concern? -K Bharat Kumar
-The Hindu How are other Export-dominated countries faring? Why is the government optimistic that domestic demand will counter the effects of declining Exports? The story so far: India’s Exports declined about 16.7% in October compared with the year-earlier period. This is the first slide reported for any month since February 2021. October imports rose at a much milder pace than earlier, most likely because of softening commodity prices worldwide, and trade deficit...
More »Global slowdown weighs on two-wheeler Exports: SIAM
-The Hindu Business Line Major Exporters such as Bajaj Auto, Hero MotoCorp, HMSI and TVS Motor Company, all have reported decline in sales The global slowdown has impacted two-wheeler Exports between April and November this year to 26,79,201 units, a decline of 10 per cent y-o-y as compared with 29,76,065 units in same period last year. Major Exporters such as Bajaj Auto, Hero MotoCorp, Honda Motorcycle & Scooter India (HMSI) and TVS Motor...
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