India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi: The government on Monday halved the benefits given to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. In a notification, the Directorate General of Foreign Trade said that "RoDTEP benefits shall be restricted to 50% of the notified rates and value caps with immediate effect", prompting exporters to urge the government to review the decision amid slowing demand and heightened uncertainty. "With immediate effect, the applicable RoDTEP rates for a
New Delhi: The government on Monday halved the benefits given to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. In a notification, the Directorate General of Foreign Trade said that "RoDTEP benefits shall be restricted to 50% of the notified rates and value caps with immediate effect", prompting exporters to urge the government to review the decision amid slowing demand and heightened uncertainty. "With immediate effect, the applicable RoDTEP rates for all HS Lines as notified... shall be limited to 50% of the existing rates and, where applicable, 50% ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) The Directorate General of Foreign Trade (DGFT), an authority under the Ministry of Commerce and Industry, on Monday hosted an outreach programme on the recently concluded India-UK comprehensive economic and trade agreement (CETA). Chairing the programme at Bharat Mandapam here, Ajay Bhadoo, director general of foreign trade and additional secretary in the Ministry of Commerce and Industry, underlined the strategic significance of CETA in expanding India's footprint in the UK market. He highlighted tariff concessions, simplified market access provisions, an ...Read More >
New Delhi: The government on Tuesday extended a key export support measure-the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme-by six months till March 2026, providing relief to exporters facing strain due to higher US tariffs. The scheme was to end on September 30. The US is a key market for Indian exports. The Directorate General of Foreign Trade (DGFT), in a notification, said advance authorisation holders, export-oriented units and entities in special economic zones will also be able to avail the scheme benefits till March next year. The RoDTEP scheme, launched in 202 ...Read More >
Ludhiana, Apr 9 (PTI) The country's merchandise exports are expected to register a fall of 2-3 per cent in 2025-26 due to global economic uncertainties, aggravated by the West Asia crisis, according to FIEO. Federation of Indian Export Organisations (FIEO) President S C Ralhan said that the crisis may have led to a decline in shipments by 7-8 per cent in March. The joint attack launched by the US and Israel on Iran on February 28 severely disrupted the country's exports to West Asia, pushed up shipping freight, air transport prices and insurance costs. Disruptions in the movement of oil and ...Read More >
New Delhi [India], September 29 (ANI): The Directorate General of Foreign Trade (DGFT), Regional Authority Delhi, under the Ministry of Commerce & Industry, hosted an outreach programme on the recently concluded India-UK Comprehensive Economic and Trade Agreement (CETA) at Bharat Mandapam, New Delhi. According to a press release, the event brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to discuss the transformative potential of the Agreement for Indian exporters. Chairing the programme, Director General of F ...Read More >