Union Budget 2023-24 has a slew of measures to boost exports and help accelerate the growth of manufacturing in the country, said an official press release by the government, adding that the indirect tax simplification and rationalisation have a clear export-oriented focus, as per an offi
Fadnavis hailed the Modi government's policies and said the country used to be an importer of mobile phones once but now it became the second-largest mobile phone manufacturer in the world.
The Survey said, "Merchandise exports were USD 332.8 billion over April-December 2022 against USD 305 billion during the period April-December 2021. Nonpetroleum and non-gems and jewellery exports in April-December 2022 were USD 233.5 billion, as compared to USD 230 billion in April-December
President Droupadi Murmu on Tuesday lauded India's indigenous defence manufacturing and said that the country's defence exports have increased multiple times due to the initiatives of the government.
The two draft ordinances prepared for Rs 100 billion each in taxes and flood levies. Pakistan is also considering discontinuing power subsidies, imposing sales tax on raw materials for exports, as well as, hikes in power, and gas tariffs are also on the agenda.
According to VOA, Iran does not publish statistics about its oil sales, but analysts say Tehran has increased oil exports to more than 1.2 million barrels per day over the past three months.
A labour shortage will automatically strengthen the labouring Chinese demand for decent work hours and pay. But once labour becomes costly, it will reduce the benefits of manufacturing accruing to the government and impact exports.
According to a statement by the Thai Ministry of Commerce, exports in December 2022 dropped by 14.6 per cent year-on-year to approximately 21.7 billion dollars. It was the third straight month of decline. Exports to China fell by 20.8 per cent.
New Delhi [India], January 23 (ANI/Mediawire): The organized gold jewellery retailers are urging the finance minister to cut gold import duty in the Union Budget 2023-24 as any reduction in duty will help curb gold smuggling, boost exports of gems and jewellery, and empower organised jewelle
As much as 85-90 per cent of the production by the Indian leather apparel and accessories industry is exported. Europe and North America account for 75 per cent of this.