The government has unveiled a Rs 7,295-crore export support package, including a Rs 5,181-crore interest subvention scheme and Rs 2,114-crore collateral support, to enhance exporters’ access to credit. These initiatives, spanning 2025-31, aim to address trade finance challenges, offering subsidies and guarantees to eligible MSMEs, particularly for defence and SCOMET products.
Government announces Rs 7,295-cr export package to improve exporters’ access to credit
Denial of limestone export data to Bangladesh justified; no larger public interest: CIC
2 months ago
The Central Information Commission has upheld the denial of exporter-wise details for limestone sold to Bangladesh. This information is protected under the commercial confidence clause. The commission stated that releasing such data could harm exporters’ competitive positions. No overriding public interest was found to justify disclosure.
A major trade deal between India and the United Kingdom is set for implementation in early 2026. This agreement aims to significantly boost trade between the two nations. Indian exporters will gain duty-free access to the UK market for most products.
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Cross-border ecommerce is set to become easier for Indian businesses, particularly MSMEs. The government is considering relaxing rules for returning goods and increasing the value limit for courier exports. This move aims to support small businesses and artisans. Dedicated ecommerce export hubs will streamline logistics and customs processes.
India’s export horizons are expanding rapidly, with projections hitting $840-850 billion in FY26 and climbing to $950 billion in FY27. The fostering of free trade agreements, particularly with nations in West Asia, alongside robust growth in sectors like services and electronics, are pivotal to this surge.
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India has imposed a safeguard duty on certain steel products for three years, starting with 12% in the first year, to counter a surge in cheap imports. This move, recommended by the DGTR, aims to protect domestic players from increased imports from countries like China, Japan, Korea, and Vietnam.