Govt outlines plan to meet gems, jewellery exports worth $80 billion in 5 years

The GJEPC has asked for a reduction in import duty of gold from present 12% to 4%Even As Indian gems and jewellery exports are struggling to meet the $40-billion-mark that was achieved last fiscal, the Union commerce ministry has chalked out strategies to achieve $80 billion worth of exports in the next five years through… Continue reading Govt outlines plan to meet gems, jewellery exports worth $80 billion in 5 years

Coronavirus outbreak: Indian drug makers may see disruption of drug supply chain in coming weeks

Indian pharmaceutical companies who rely heavily on imported active pharmaceutical ingredients (APIs) and key starting materials (KSM) from China have expressed concerns about the 2019 novel coronavirus outbreak.“Wuhan is one of the largest cities in China and it does have a fairly good sprinkle of intermediates and API manufacturers,” said Dinesh Dua, Chairman of Pharmaceuticals… Continue reading Coronavirus outbreak: Indian drug makers may see disruption of drug supply chain in coming weeks

Avishek Dalmiya, Sourav Ganguly’s brother Snehasish set to be elected unopposed as CAB …

The 38-year-old Avishek will, thus, become the youngest chief of CAB, a position which was lying vacant after former India captain Sourav Ganguly took over as BCCI president. Ganguly’s elder brother Snehasish will become secretary as the duo are expected to be elected unopposed at CAB’s upcoming special general meeting after no one from the… Continue reading Avishek Dalmiya, Sourav Ganguly’s brother Snehasish set to be elected unopposed as CAB …

Govt targeting USD 80-bn exports in next five years: Official

The government is aiming at USD 80 billion of jewellery exports in the next five years from the present level of USD 40 billion, a senior official said on Thursday. The Centre also expects the jewellery industry to generate additional employment of 2 million, Rupa Dutta, Economic Advisor, Ministry of Commerce, said. The sector employs… Continue reading Govt targeting USD 80-bn exports in next five years: Official

Brexit: Indian exporters cautious but hopeful ahead of Wednesday vote

India’s second and third-largest markets for outbound IT services, which stood at $136 billion in 2018-19, according to Nasscom As the European Parliament votes late on Wednesday to ratify the terms of Britain’s exit from the European Union (EU), Indian exporters are hoping to seize the gulf in trade relations that is set to emerge.… Continue reading Brexit: Indian exporters cautious but hopeful ahead of Wednesday vote

China taps india for masks, exporters unsure

Chinese exporters said there is a need for around two million masks and the Indian mission in Hong Kong has sought a list of manufacturers in India who can provide these masks. However, exporters are unsure about India meeting this demand because India itself is a huge importer of surgical masks from China, Malaysia and… Continue reading China taps india for masks, exporters unsure

Coronavirus: India Inc concerned, markets see fall

New Delhi, Jan 28 (IANS) India Inc, as well as domestic stock markets, have showed concerns over the spreading cases of Coronavirus and its impact on global trade recovery. The new virus, which is of the same genre as SARS of 2003, was first reported in WHO Disease outbreak news on January 5 in China’s… Continue reading Coronavirus: India Inc concerned, markets see fall

‘Revamp SEZ policy to boost food exports’

SME Times News Bureau | 28 Jan, 2020 The Trade Promotion Council of India has recommended to the government to revamp SEZ (special economic zone) policy for food exports. Accordingly, the Trade Promotion Council of India recommended this step to the government for the upcoming Budget 2020-21. TPCI Chairman Mohit Singla said: “India has huge… Continue reading ‘Revamp SEZ policy to boost food exports’

Enjoy a carefree getaway while you travel this year with Baggage Insurance from Bajaj Finserv

ANI | Updated: Jan 27, 2020 18:21 IST Pune (Maharashtra) [India], Jan 27 (ANI/BusinessWire India): The year 2020 is not only a new year but also a beginning of a new decade. For those of you who made a resolution to travel more this year, there are ample of destinations that you can explore across… Continue reading Enjoy a carefree getaway while you travel this year with Baggage Insurance from Bajaj Finserv