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Indian rupee has once again lost significant ground against dollar over last few days. The development reflects that de-leveraging continues in international markets as the global economic crisis deepens further. Changing fortune of rupee however has come as a rescue to the exporters. Marred by the global demand slowdown amidst languishing recession in west, the exporters will … Read more Week rupee helping out battered exporters

The government has amended rules for suppliers of goods to special economic zones (SEZ) to claim export incentives like duty draw backs in the domestic currency and simultaneously asked the developers to provide housing to staff and workers within the tax-free enclaves. And the tax benefits and concessions have been extended to the sub contractors … Read more Govt amends SEZ rules to benefit developers

State-run mining giant MMTC has floated bids for selecting pig iron importers and bids are to be submitted by February 12, The company would be eligible if its average gross sales stand at $100 million and gross profit of $5 million in the last three years. It also noted that the companies should either be … Read more MMTC likely to pick out iron importers

In order to boost the confidence of exporters at a time when global trade is declining in wake of recession, the government plans to ask the Reserve Bank of India (RBI) to relax rules governing forex credit. The move will help banks extend dollar loans to cash-strapped exporters at easier terms. A major step in … Read more Government to ease forex credit for exporters

European and American buyers are asking Indian exporters to match the Chinese prices in wake of the global economic slowdown and resulting aggressive pricing policy adopted by China. Federation of Indian Chambers of Commerce and Industries – FICCI has found in a survey that Indian exporters are struggling to compete their Chinese counterparts on pricing … Read more Indian exporters failing to compete Chinese on pricing front