What is the News? The Ministry of Commerce had launched an online portal to issue Certificate of Origin(CoO) to the exporters from November 1,2021. The portal was launched to facilitate exporters through a secure, electronic, paperless CoO issuance process. However, exporters are facing challenges in registering on to the portal as it requires high-quality digital… Continue reading New online certification system puts exporters in a fix
Tag: exports promotion
Changing economic order
Synopsis: In the absence of a focused approach to exports in the changing global environment, longer-term growth prospects are bound to suffer. Introduction India is on track to attain the $400-billion export target this fiscal year. Exports jumped to $33.44 billion in September, registering 21.35% year-on-year growth. India is clearly benefiting from a stronger-than- expected… Continue reading Changing economic order
Government approves continuation of the National Export Insurance Account (NEIA) scheme and infusion of Rs. 1,650 crore Grant-in-Aid over 5 years
What is the News? The Union Government has approved the contribution of Grant-in-aid (Corpus) of ₹1,650 Crore to the National Export Insurance Account (NEIA) over a period of five years, i.e. from FY 2021-2022 to FY 2025-2026. What is the National Export Insurance Account(NEIA)? National Export Insurance Account (NEIA) Trust was set up in 2006.… Continue reading Government approves continuation of the National Export Insurance Account (NEIA) scheme and infusion of Rs. 1,650 crore Grant-in-Aid over 5 years
Government approves Rs. 4,400 crore investment in ECGC Ltd. in 5 years to provide support to exporters as well as banks
Contents1 What is the News?2 About ECGC Ltd. (formerly known as Export Credit Guarantee Corporation of India Ltd.)3 Performance of ECGC4 How will the capital infusion help ECGC? What is the News? The government of India has approved capital infusion of ₹4,400 crores to ECGC Ltd. (formerly known as Export Credit Guarantee Corporation of India… Continue reading Government approves Rs. 4,400 crore investment in ECGC Ltd. in 5 years to provide support to exporters as well as banks
Changing the agri exports basket
Synopsis: India has the potential to become a global leader in the food processing sector, by making changes to Agri export basket. Contents1 Introduction2 What is the current scenario of agriculture?3 How export from agricultural sector has evolved over the years?4 What are the challenges still existing?5 What is the way forward? Introduction The Indian… Continue reading Changing the agri exports basket
How sustainable is India’s exports boom?
Synopsis: The rise in exports has sparked hopes of a swift post-pandemic recovery, but there are reasons to be cautious. Introduction August was the fifth straight month when India’s goods exports exceeded $30 billion. In the last five years, other than this ongoing run, it crossed $30 billion in just one other month i.e. March 2019… Continue reading How sustainable is India’s exports boom?
Winners and losers in shipping crisis
Synopsis: Challenges faced by exporters due to steep rise in ocean freight rates and congestion in various ports of the world. Contents1 Introduction2 Why there’s been an increase in freight charges?3 Who has benefitted out of it?4 How increased freight rates is impacting Indian Exporters?5 What are the complaints raised by exporters?6 What are possible… Continue reading Winners and losers in shipping crisis
Government Provides Big Boost to Exporters
What is the News? The Government of India has announced that it would clear all dues of exporters under various export promotion schemes. What are the various export promotion schemes under which dues will be cleared? About Merchandise Exports from India Scheme (MEIS) Click here to Read about MEIS Note: RoDTEP scheme which came into… Continue reading Government Provides Big Boost to Exporters
The employment dividend from exports
Synopsis: The surge in some export sectors has the potential to address India’s urban jobs challenge with necessary policy intervention. Introduction The share of exports in India’s gross domestic product has seen a steady decline to about 11% during the last ten years. But for the current year, India’s exports of merchandise goods are booming.… Continue reading The employment dividend from exports
Govt sets exports target for textile industry at $100 bn, up from $33 bn
What is the News? The Union Minister for Textiles has asked the textile industry to set an aim to increase textiles exports three times from the present export value of $33 billion to $100 billion of textiles exports. India’s Textile and Apparel Industry: India is among the world’s largest producers of Textiles and Apparel. The… Continue reading Govt sets exports target for textile industry at $100 bn, up from $33 bn
