Exporters are urging the government to implement tax incentives and rationalize import duties in the upcoming Budget. Key demands include reduced income tax for MSMEs, reinstatement of customs duty exemptions on certain leathers, and correction of inverted duty structures in sectors like synthetic yarns and electronics to boost domestic manufacturing and export competitiveness.
Exporters’ budget wishlist: tax sops, inverted duty structure correction, and more
Following Donald Trump’s optimistic statement about a “good” trade deal with India, Union Minister Ashwini Vaishnaw expressed encouragement, highlighting India’s significant role in global trade. Trump, speaking at the World Economic Forum, praised Prime Minister Narendra Modi as a “fantastic man” and a friend, underscoring his respect for the Indian leader.
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Allcargo Group has appointed Vaishnav Shetty as Deputy Managing Director and a member of the Allcargo Global Ltd. Shetty, son of founder Shashi Kiran Shetty, will work with Managing Director Adarsh Hegde. This move signals the group’s focus on succession planning and building a future-ready organization.
‘Going to have a good deal’: Trump on India-US trade deal, says has “great respect” for PM Modi
2 months ago
US President Donald Trump expressed confidence in an upcoming India-US Bilateral Trade Agreement, calling Prime Minister Narendra Modi a close friend and respected leader. Both nations are reportedly nearing a deal to significantly boost bilateral trade, aiming to reach $500 billion by 2030.
A wave of Swiss business enthusiasm is sweeping towards India, following the recent Trade and Economic Partnership Agreement with the European Free Trade Association. The number of investment inquiries and advisory support requests has skyrocketed, more than doubling in frequency.
India and the European Union are on the cusp of a groundbreaking trade agreement, with Spanish Foreign Minister Jose Manuel Albares forecasting its finalization within days. With European Commission President Ursula von der Leyen’s upcoming visit to India next week, the stage is set for crucial negotiations.
India’s fertilizer imports are set for a record surge this fiscal year. Officials predict a 76% jump to $18 billion. This increase is fueled by farmers expanding crop areas after heavy rains. Consumption of key fertilizers like urea and DAP is rising significantly. This trend reflects ample monsoon rainfall encouraging winter crop planting across the […]
India plans to significantly boost textile exports to $100 billion by 2030. The strategy involves increasing shipments to Free Trade Agreement partners and focusing on premium products like handlooms and silk. New districts will be developed to join the export ecosystem. This initiative aims to expand India’s global market share in textiles.
The European Union is on the brink of a landmark trade agreement with India, potentially linking a consumer base of two billion individuals. In a bid to strengthen these negotiations, European Commission President Ursula von der Leyen is scheduled to visit India shortly. This strategic move reflects the EU’s goal of broadening its global trade […]