12-09-2011 Subject: DHI For Import Duty On Power Plants During 12th Plan

New Delhi: The Department of Heavy Industries, the administrative ministry for the BHEL, is making a case before the Planning Commission that domestic power equipment manufacturers should be protected against duty-free imports, mainly from C

09-09-2011 Subject: Industry ministry to frame an FDI policy for pension sector

NEW DELHI: The finance ministry has set the ball rolling on opening up the country's $2-billion pension sector to foreign direct investments.

It has asked the industry ministry to frame an FDI policy for th

12-09-2011 Subject: Concern Over Growing Import Of Crucial Telecom Equipment

Growing import of telecom equipment — particularly of critical components from China — has forced the Ministry of Home Affairs (MHA) to step up its security surveillance besides asking the Department of Telecommunications (DoT) t

DOMESTIC TEXTILE PLAYERS MAY HAVE TO ADOPT BEST GLOBAL PRACTICES SOON

Domestic apparel industry players may be forced to adhere to beat global practices once the India-European Union Free Trade Agreement (FTA) is inked by March 2012.

Experts are looking forward to a 'wave' on the lines of the radical ch

29-09-2011 ANTI-DUMPING DUTY LEVIED ON MORPHOLINE IMPORTS FROM CHINA, US & EU

The Union Government has levied a provisional anti-dumping duty on 'morpholine' imported from China, European Union and the US.

Utilised as a chemical intermediate in the rubber industry as well as by the cosmetics industry, morpholin

29-09-2011 NSB FOR BRINGING ALL PORTS UNDER CENTRE'S CONTROL

Keeping in view the security threats to the country, the National Shipping Board (NSB) has recommended that all Major and non-major ports in the country be brought under the Union Government's control.

Given the security situation and

04-10-2011 GOVERNMENT MAY INTRODUCE STIMULUS PACKAGE FOR EXPORTERS SOON

The government is likely to bring out one more stimulus package for exporters, specifically in the labour-incentive sectors, by October-end with the aim of helping them push their products in the tough global economic conditions.



Rupee Falls By 6 Paise Against Dollar

The Indian rupee shed 6 paise to Rs 46.22 per dollar in early trade on the Interbank Foreign Exchange on Thursday as the US currency firmed up against other major rivals overseas.

Dealers attributed the rupee’s fall to susta


09-09-2011 Subject: India to lift import barriers on garments

India is to allow the duty-free import of previously barred goods from Bangladesh, including a number of textile and garment items.

Prime Minister Dr Manmohan Singh announced the news while on a visit to

09-09-2011 Subject: Rupee at 1-year low; Euro, choppy local shares drag

MUMBAI: The Indian rupee weakened on Friday for a fifth consecutive session and touched a fresh one-year low, dragged down by the euro's losses and continuing strong dollar demand from domestic oil refiners.



09-09-2011 Subject: Economists upbeat about increasing exports to India

Bangladesh's trade relations with India are now poised to witness a remarkable stride following the announcement by Indian Prime Minister Dr. Manmohan Singh in Dhaka last Tuesday about providing duty-free access

Date: 26-09-2011 Subject: Rupee Down By 16 Paise Against Dollar in Early Trade

MUMBAI: The Indian rupee fell by 16 paise to Rs 49.59 per US dollar in early trade on the Interbank Foreign Exchange on Monday due to appreciation of the US currency against other major rivals overseas and a weak trend in the domestic equity

27-09-2011 NEW DUTY DRAWBACK RATES ON EXPECTED LINES, BARRING FEW ABBREVIATIONS:FIEO

Welcoming the duty drawback rates for 2011-12, Mr.Ramu S.Deora, President of Federation of Indian Export Organisations (Fieo), observed that the new rates were on the parameters announced by the Finance and Revenue Secretary recently.



GOVT.MAY ANNOUNCE SOPS FOR LABOUR-INTENSIVE EXPORT SECTORS SOON

The Commmerce, Industry and Textiles Minister, Mr. Anand Sharma, has disclosed that the government may announce incentives for exporters, especially those from the labour-intensive sectors, soon.

He announced this following a meeting

21-09-2011 ONION EXPORTS BAN MANY GO

Under pressure from farmers and political parties alike, the central government is likely to lift the ban on export of onions. The decisions to impose a ban was taken by an empowered group of ministers (eGoM) on September 9, after retail pric

08-09-2011India''s Soyameal Exports Down 7 pc in August

New Delhi, Sept 7 (PTI) India''s soyameal exports declined 7 per cent to 1.65 lakh tonnes in August, according to the industry data released today.

The country had exported 1.77 lakh tonnes of soyameal in August 2010, Indore-based


Date: 26-09-2011 Subject: No Duty Rejig Now On Refined Palm Oil Import

MUMBAI: "I can't guarantee that the duty on refined palm oil packs from Indonesia and Malaysia will be raised," KV Thomas, Union food minister, told ET on Saturday. He was responding to a demand by the local edible oil industry that the duty

08-09-2011 Subject: Govt Working on New Incentive Scheme For Exporters

New Delhi, Sep 7 (PTI) In the backdrop of strong demands from exporters for retaining the incentive scheme, DEPB, Commerce and Industry Minister Anand Sharma today met Finance Minister Pranab Mukherjee.

The exporters have been dem


22-09-2011 DUTY DRAWBACK TO ENCOMPASS 1100 NEW LINE ITEMS

Schedule of all industry rates of Duty Drawback (2011-12) to be Notified soon. Additional 1100 New line items to be incorporated Raising the number of such line items to 4000.

In view of the Government's decision to bring the DEPB sch

Date: 26-09-2011 Subject: Delivery Defaults On Cotton Contracts At All-Time High

COIMBATORE: The volatility in cotton prices in the early part of the year has led to an unprecedented increase in delivery defaults by both buyers and sellers. "It was a year of defaults... The volatility in prices resulted in huge defaults,

08-09-201, Duty Free Import From Bangladesh To Hit Domestic Garment Units

Duty free access for textile products from Bangladesh will adversely hit the domestic industry, according to sources here.

Tirupur Exporters' Association President A. Sakthivel said garments from Bangladesh were likely to flood the


GOVT ALLOWS UNRESTICTED EXPORTS OF RICE, WHEAT

The government allowed unrestricted exports of wheat and common rice, Trade Minister Anand Sharma said.

"Export restrictions on rice and wheat have been removed," Sharma said after a meeting of panel of ministers. Sharma said there wo

16-9-2011 FINANCE MINISTRY TO ANNOUNCE NEW DUTY DRAWBACK SCHEME

The Finance Ministry is likely to announce a new duty drawback scheme replacing the Duty Entitlement Pass Book (DEPB) schemen on thursday. The new scheme will be operational from October 1.

Sources said that the Finance Ministry might

05-03-2012 DGFT NOTIFICATION No 102(RE-2010)/2009-2014 Prohibition on export of cotton(Tariff Codes 5201 and 5203).