The committee also recommended that the commerce department should 'proactively' take measures to conclude the FTAs

Companies that have exported goods until February 5 this year from special economic zones (SEZs) and export-oriented units (EOUs) can claim benefits under the RoDTEP scheme, according to a notification. Earlier, the exporters were allowed to seek benefits under the scheme till December 31, 2024. Under Remission of Duties and Taxes on Exported Products (RoDTEP), various central and state duties, taxes, and levies imposed on input products, among others, are refunded to exporters. The current RoDTEP rates are in the range of 0.3-4.3 per cent. "The support under RoDTEP scheme for exports of products manufactured from AAs (advance authorisation), SEZs (special economic zones) and EOUs (export-oriented units) has been extended upto February 5, 2025," the DGFT has said in a notification on March 20. However, from February 6 onwards, exports from these categories will no longer be eligible for RoDTEP support, the Directorate General of Foreign Trade (DGFT) said. The support under the sch

Advanced economies such as the US, the UK, Singapore, Canada, and Australia together accounted for more than half of India's remittances in FY24, reflecting a shift in migration patterns

As of October 2024, participating firms had produced $151.93 billion worth of goods under the scheme, or 37 per cent of the target that Delhi had set

The amendment, effective from March 18, modifies key rules governing the determination of the country of origin of imported goods - a crucial factor in availing duty benefits under FTAs)

Both sides are aiming to finalise the first tranche of a "mutually beneficial" deal by the fall of 2025

Fed policymakers signaled a cautious stance of their own on Wednesday at a policy meeting that left interest rates unchanged but acknowledged rising risks to both growth and inflation

During their discussion, Jane Fraser highlighted Citi's expansion in India and expressed interest in strengthening the company's presence in the country

ECB outflows due to principal repayments stood at $23.9 billion during the April 2024-January 2025 period, resulting in robust net inflows of $18.4 billion

MoSPI has defined national metadata standards to lay down clear definitions for data collection and set out a quality assessment framework for various ministries that collect the information

The Ministry of External Affairs was asked in Rajya Sabha whether 'it is a fact that the USA had asked India to stop unloading Russian oil tankers and has set a deadline for it'

The government's divestment plan is likely to provide a push to fundraising in FY26 as the recent market correction has slowed down deal-making activity, Emkay Global Financial Services said on Thursday. Addressing a webinar on the state of affairs of the Indian investment banking industry, Yatin Singh, CEO of investment banking at Emkay Global Financial Services, said the public sector is turning out to be material client for investment banks in India with the Department of Investment and Public Asset Management (DIPAM) setting a divestment target of Rs 47,000 crore for FY26. "This is a huge opportunity for investment banks in FY26 and beyond," he said. Over the past three years, the initial public offers (IPOs) of LIC, IREDA, and the offer for sale (OFS) of ONGC, IRCTC, HAL, Coal India, RVNL, NHPC, Hudco, Ircon, and Cochin Shipyard have kept the deal street buzzing within the PSU segment. Looking ahead, the upcoming IPOs of Bharat Coking Coal, Central Mine Planning and Design ...

Taiwan can help India reduce its import of electronic components from China and the best way to expand the economic engagement would be to firm up a free trade pact, Taiwanese deputy national security adviser Hsu Szu-Chien said on Thursday. In an exclusive interview to PTI, Hsu said a trade deal will pave the way for greater investment in India by Taiwanese companies in the semiconductor and other high-technology sectors as it will help to bring down the "high tariff" regime. The Taiwanese deputy national security adviser was in the national capital primarily to participate in the Raisina Dialogue, India's flagship conference on geopolitics. Hsu said there can be a match-making between technology of Taiwan and India's demographic dividends to produce high-end technology components in India that will help New Delhi cut its imports from China. It is learnt that he also held closed-door meetings with his Indian interlocutors on ways to expand the overall India-Taiwan relations. "I th

(Corrects designation of HMEL's Das to managing director & CEO, not chairman, in paragraph 5)

The women-led agricultural growth is a lesson for planners to recognise the economic potential of a women-led growth with decentralised community action

The MPLADS is a central government scheme that enables Members of Parliament (MPs) to recommend development projects in their constituencies to address local needs

Taking stock of the Trump administration's rollout of tariffs, Fed officials actually marked up their outlook for inflation this year

The SJM is an economic think tank affiliated to the Rashtriya Swayamsevak Sangh

India sustaining growth momentum; Lower inflation to support recovery

The committee strongly feels that there is a dire need for a more realistic assessment of the envisaged targets and expenditures thereon, the panel said