Exporters should assess the challenges which they have come across during the last two months at ground level.
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Tag: Ajay Sahai
3% GST on gold to hit unorganised sector, say industry experts
The GST Council’s decision to impose a 3 per cent GST on gold will not only make jewellery costlier but also lead to a higher incidence of illegal gold trade, industry experts have said. They also said bringing the unorganised gold sector into the GST ambit will be a challenge. “With GST, the tot…
FIEO felicitates exporters of Northern India
In order to encourage the exporters and have an intrinsic growth FIEO instituted the Regional Awards which is given at the state level to exporters who have excelled in their respective fields and states. The states of Northern India play a significant role in India’s total exports and FIEO felic…
Comm Min for better exchange rate policy to boost exports
Worried over continuous slowdown in exports, the Commerce Ministry is pressing for better exchange rate policy, alignment of freight rates with global standards and a liberalised visa regime to boost shipments. As part of the strategy to boost both exports of goods and services in the long run, t…
India moots framework for SME sector cooperation in BRICS
India is working on a mechanism to boost cooperation amongst Small and Medium Enterprises in the five-nation BRICS to promote joint ventures and share expertise on strengthening the sector. New Delhi, which holds the Presidency of the BRICS this year, is drafting a framework for a joint growth st…
Government broadens the ambit of MEIS to enable ease of doing biz for exports
The government has broadened the ambit of its Merchandise Exports from India Scheme (MEIS) and scrapped a requirement for exporters to submit landing certificates of goods to avail of benefits under the MEIS, as it steps up efforts to improve the ease of doing business and reverse a slide in the …
More tax sops for small businesses expansion
The budget proposal to offer tax exemptions for small businesses with turnover of up to Rs 2 crore, twice the previous limit, will encourage them to expand and do business fairly, said experts. When SMEs expand production, they fall off the tax exemption bracket which is a major deterrent for gro…
German Firm TUV Rheinland signs MoU with FIEO
TÜV Rheinland India, a subsidiary of TÜV Rheinland Group, Germany, a worldwide leader in Testing, Training, Inspection, Consulting &Certification, has today signed an MoU with Federation of Indian Export Organizations (FIEO). As per the terms of the MoU, TÜV Rheinland India will, on subsidize…