ieport Home : ieport Daily News Home : March 2004
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EU Offer Of Textile Quota Enhancement March 17, 2004 00:00 |
INDIA: EU Offer Of Textile Quota EnhancementNEW DELHI: The latest offer by the European Union to raise its 2004 textile and clothing quota levels by a hefty 30 per cent to India with some conditionality has given rise to differences in perceptions by some segments... (Read Article)
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FICCI for limitation on farm subsidies March 17, 2004 00:00 |
FICCI for limitation on farm subsidies The Federation of Indian Chambers of Commerce and Industry (FICCI) has emphasised the need for limiting export subsidies on agriculture products on a per unit basis in WTO, besides commitment in value and volume terms.... (Read Article)
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Indian cos lack focus on Web strategy: Survey March 18, 2004 00:00 |
Indian cos lack focus on Web strategy: Survey A SURVEY conducted by ValueNotes Database to gauge Web site effectiveness strategies employed by Indian companies has noted that most Indian companies lack a "focused strategy for online presence" with 72 per cent... (Read Article)
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The Story of Cancun March 18, 2004 00:00 |
The Story of CancunbyArun Jaitley; Minister of Commerce & IndustryAt the fifth Ministerial at Cancun, Mexico, in September 2003, Mr. Arun Jaitley reiterated India’s crucial trade and economic interests in the face of the US’ and EU’s strong resistance to the... (Read Article)
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ECGC’s Attractive Schemes for Exporters March 18, 2004 00:00 |
a. Shipment Comprehensive Risks PolicyThis is one of the ideal short-term policies, covering both commercial and political risks from the date of shipment. It is issued to exporters whose anticipated export turnover for the next 12 months is more than Rs.50... (Read Article)
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50% Fee Rebate Available Only to Digitally Signed Licence Applications Submitted Online March 18, 2004 00:00 |
50% Fee Rebate Available Only to Digitally Signed Licence Applications Submitted OnlineSince April 1, 2000, exporters filing electronic applications for licences have been getting a rebate of 50% in the application fee. But, with the introduction of the Digital... (Read Article)
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Exim Bank to give $2.2b to Africa March 18, 2004 00:00 |
Exim Bank to give $2.2b to Africa The Export and Import Bank of India (Exim Bank) would shortly be expediting the extension of line of credit to the tune of $2.2 billion (around Rs 9,948 crore) to few African countries as part of India's recent commitment... (Read Article)
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Australia keen on improving business ties March 18, 2004 00:00 |
Australia keen on improving business ties M.R. Subramani Mr Neville Roach, Chairman, Australia-India Business Council Recently in Sydney THE Australia-India Business Council sees a clear opportunity for Canberra and New Delhi to come together in the Information,... (Read Article)
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Silk exporters sore over move to tax DEPB credit March 18, 2004 00:00 |
The Income-Tax authorities not only demand tax on DEPB but also threaten to reopen past cases where DEPB credit was availed of by exporters, causing hardship to exporters. SILK exporters are sore over the Income-Tax notice served on some exporters on the Duty... (Read Article)
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Texprocil Flays US, Turkish Bodies Plea For More Time March 18, 2004 00:00 |
INDIA: Texprocil Flays US, Turkish Bodies Plea For More TimeMUMBAI: A broad coalition consisting of the American Textiles Manufactures Institute, American Manufacturing Trade Action Coalition (AMTAC), Turkish Clothing Manufacturers Association and Ready-to-wear... (Read Article)
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Dollar loans for exporters soon March 19, 2004 00:00 |
The Reserve Bank of India (RBI) may permit exporters with a good track record to raise dollar-denominated funds at a special interest rate that is internationally competitive, a top government official has said. "The RBI is working on this plan to come out... (Read Article)
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McKinsey sees 15-18% growth in textile exports March 19, 2004 00:00 |
McKinsey & Co has predicted that India’s textile exports will grow 15-18 per cent annually to touch $25-30 billion by 2013 if institutional reforms, including removal of infrastructural bottlenecks and amending labour laws, and measures to facilitate the availability... (Read Article)
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E-FILING OF TDS RETURN CLARIFICATION ISSUED BY CBDT March 19, 2004 00:00 |
The Central Board of Direct Taxes (CBDT) has clarified that any TDS return filed by Corporate deductors after 1.6.2003 on paper format will not be in conformity with the legal provisions. Therefore, those corporate deductors who have filed their TDS returns... (Read Article)
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Exports to Asean: CII for focus on commodity groups March 22, 2004 00:00 |
Exports to Asean: CII for focus on commodity groups Our Bureau New Delhi , March 21 THE country's exports to the 10-member Association of South East Asian Nations (ASEAN) can reach $30 billion by 2007, if there is more focus on commodity groups that are of... (Read Article)
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Export units not entitled to duty-free certificate scheme March 22, 2004 00:00 |
Export units not entitled to duty-free certificate scheme K.R. Srivats New Delhi , March 21 THE Government has clarified that 100 per cent export-oriented units (EOUs) would not be entitled to avail themselves of the duty free entitlement certificate (DFEC)... (Read Article)
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Iraq orders: Are tea exporters ready? March 22, 2004 00:00 |
Iraq orders: Are tea exporters ready? Deeptha Rajkumar Wellington (Nilgiris) , March 21 INCREASING offtake from Iraq in the New Year, in the wake of the third and fourth tranches of export orders, would appear to herald better times ahead for the tea industry.... (Read Article)
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Solvent extractors seek oilseed import to pep up oil-meal sector March 22, 2004 00:00 |
Solvent extractors seek oilseed import to pep up oil-meal sector DOMESTIC solvent extractors are pitching for import of oilseeds over importing the edible oil straight. They said the former course would open up avenues for higher capacity utilisation for the... (Read Article)
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Govt throws lifeline to shippers March 22, 2004 00:00 |
Govt throws lifeline to shippers The facilitation cell to be set up by the Shipping Ministry will examine the various problems faced by exporters and importers who use shipping services and try to resolve them as best as it can. REPORTS HAVE it that the Shipping... (Read Article)
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Build Kerala brand, exporters told March 22, 2004 00:00 |
Build Kerala brand, exporters told THE Kerala Industrial Infrastructure Development Corporation (Kinfra), in association with Kerala State Export Trade Development Council, has organised a one-day workshop here on draft export policy of Kerala. It is organised... (Read Article)
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Chinese steel industry body to visit today March 23, 2004 00:00 |
A high-level Chinese iron and steel industry delegation will arrive today for talks with the Indian Steel Alliance on issues like iron, steel and metcoke supply, industry officials said. The visit assumes significance as China, the biggest consumer of steel,... (Read Article)
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SC ruling on tax sop hits exporters hard March 23, 2004 00:00 |
The mini-Exim Policy this year has dealt a severe blow to status holders (i.e., export houses, trading houses etc) by excluding several categories from computation of incremental exports, thus eliminating their hopes of getting a 10 per cent duty free entitlement... (Read Article)
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Why the rupee is gaining currency March 29, 2004 00:00 |
The rupee’s rise is guided by market forces and not by inflationary pressures, says RBI The rupee was the cynosure of all eyes last week. It gained handsomely or should we say, the dollar lost ground? The rupee hit successive 46-month-and-over lows as the... (Read Article)
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Garment exporters seek relief against appreciating rupee March 31, 2004 00:00 |
BUFFETED by the appreciating rupee against the US dollar, the country's apparel exporters have rushed to the authorities hoping to reverse the disadvantageous situation that they find themselves against competitors like China, so that India's export target... (Read Article)
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