Interest equalisation scheme for exporters extended for another 3 months; capped at Rs 50 lakh

The government has extended the interest equalisation scheme for pre- and post-shipment rupee export credit till December 31, 2024. This move aims to support exports and MSMEs amid global economic challenges. The scheme, which ended on September 30, provides exporters with competitive rupee export credit rates. A cap of Rs 50 lakh has been set […]

The government extends the RoDTEP scheme benefits for exports from DTA units until September 30, 2025, and for AA/EOU/SEZ units until December 31, 2024. The scheme, aiding substantial export values with tax refunds, has updated rates effective from October 10, 2023, once the ICEGATE portal updates.

India should accept the end of benefits under the US GSP scheme and not seek their return in future talks. Think tank GTRI suggests this, arguing the benefits were minimal. Commerce Minister Piyush Goyal will focus on broader trade discussions during the upcoming India-US Commercial Dialogue. India’s trade with the US remains robust, and the […]

India’s clean oil-product exports surged to their highest since March 2022, driven by increased demand from Europe and Africa due to refinery shutdowns. In September, shipments of diesel, gasoline, and jet fuel reached 1.5 million barrels a day, marking a 39% year-on-year increase. European refinery maintenance and poor margins contributed to this spike.