Drugs and pharma exports grew by 29.31 per cent to USD 2.42 billion from USD 1.87 billion in October 2022. Engineering goods exports record a growth of 7.2 pc from USD 7.55 billion in October 2022 to USD 8.09 billion in October 2023.
APEDA has been told that contracts for basmati exports with the value of $1200 per MT only and above should be registered for issue of Registration- cum-Allocation Certificate (RCAC).
The government on Saturday imposed a 40% export duty on onion exports till December 31. The announcement regarding onion exports…
So that the rice prices do not go northwards like tomato, the Government of India banned the export of Non-Basmati…
The step was taken to ensure adequate availability of the rice variety in the Indian market and to allay the rise in prices in the domestic market.
The exports improved in quantity terms by 26.73 per cent, in Rupee terms by 11.08 per cent, in US$ terms by 4.31 per cent.
An increase in personal tax exemption and deduction limits and greater support for the exports sector were some of the key demands which were made before Finance Minister Nirmala Sitharaman by the trade and service sector representatives, who met her on Thursday as part of pre-budget consultations.
India's exports declined by 16.65% to $29.78 billion in October 2022 in comparison to the same period a year ago, according to data released by the commerce ministry on Tuesday.
The Central Government has prioritized the availability of about 275 Lakh Metric Tonnes (LMT) of sugar for domestic consumption, about 50 LMT sugar for diversion to ethanol production, and has a closing balance of about 60 LMT as of 30.09.2023.
In order to stabilize sugar prices and also the financial positions of sugar mills in the country, the Centre has allowed the export of sugar up to 60 lakh metric tonnes (LMT) during the sugar season 2022-23.
