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Need to recognize traditional skills for economic growth

Skill Development & Entrepreneurship Minister Dharmendra Pradhan on Monday emphasised on recognising the traditional skill for economic development of the country. Addressing the inaugural session, of the ‘Odisha Skill Conclave, Dharmendra Pradhan said that all traditional skills need to be formally recognized under Skill Development and proper training needs to be imparted in these work-of-art translating into the further economic growth. Skill development is a national dialogue and there have been isolated efforts to promote skill development in the State thus far; but it is our endeavour now to join […]

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Merchant exporters may receive Govt incentives

Slow growth in India’s exports has prompted the government to promote merchant exporters, who contribute almost a third of India’s exports in value terms but can’t avail of some incentives meant for manufacturer exporters. Merchant exporters do not own manufacturing facilities but buy goods from manufacturers here and sell to overseas customers. They have the flexibility to procure goods from many sellers and sell them after negotiating the best prices to foreign buyers They are usually able to negotiate prices with buyers, sellers and shipping lines which are better than […]

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Odisha agri dept, Icrisat launch Bhoochetana, a farm-support initiative

Bhoochetana, an initiative that transformed lives of several million farmers in Karnataka, was recently launched in Odisha. The department of agriculture, Government of Odisha, and the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) joined hands and signed a Memorandum of Agreement to potentially benefit 4.35 million farmers in the state. The three-year agreement is set to reach 6.1 million ha of farmland in 30 districts of Odisha through a science-led development approach. Bhoochetana, meaning revival of the land, involves soil health mapping, nutrient recommendations and support to farmers. […]

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India, Mauritius conclude second round of talks for FTA

April 23rd, 2018 | APTSO EXPORTS™ | Tags: ,

India and Mauritius today concluded the second round of negotiations for the proposed free trade agreement (FTA), aimed at boosting bilateral trade and investments. The three-day talks for Comprehensive Economic Cooperation and Partnership Agreement (CECPA) started here on Tuesday, a government official said. During the deliberations, trade in goods, services besides economic cooperation were discussed. In an FTA, two trading partners cut or eliminate duties on majority of goods besides liberalising norms to promote services trade and boost investments. According to experts, India may not get huge benefit in goods […]

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India needs robust exports, investment to achieve 8% growth: ADB Economist

April 17th, 2018 | APTSO EXPORTS™ | Tags:

  India can achieve over 8 per cent growth rate in a sustained manner if it takes steps to revive investments and make exports competitive, said ADB Economist Abhijit Sen Gupta. Efforts will also have to be made to streamline agriculture marketing and improve supply chain, he said, adding that this is the area where there is scope for more reforms. Right now, the investment and exports drivers are really not firing… Once those two engines fire up India can sustainably grow at 8 per cent, Sen Gupta told . […]

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Govt clarifies on e-way bill requirement for exports consignment

March 25th, 2018 | APTSO EXPORTS™ | Tags:

Minister of State for Finance Shiv Pratap Shukla on Thursday gave clarification on e-way bill regarding movement of goods from dry-ports to sea ports and from SEZs within the zone. The minister said that the government has received various representations from Association of Exporters as well as Corporate Bodies seeking clarity on issues relating to exemption for export consignments during custom bonded movement from one airport to another; movement from SEZ/FTWZ (Free Trade Warehousing Zone) to port and vice versa; and parity in movement of export cargo with import cargo. […]

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New Delhi to seek 8 years to phase out export subsidies at WTO

March 19th, 2018 | APTSO EXPORTS™ | Tags:

India will make a case for an eight-year transition period to phase out its export subsidies at the consultations sought by the US at the World Trade Organisation questioning the validity of the country’s export promotion schemes. We are clear that an eight-year transition is needed for developing countries to change their export subsidy regime, Commerce Secretary Rita Teaotia said at a press conference indicating India’s response to the US move. Washington dragged India to the WTO on Wednesday stating that a number of export subsidy schemes in India seemed […]

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India Offers Increased Export Opportunity to UK After Brexit: Study

March 17th, 2018 | APTSO EXPORTS™ | Tags:

Britain’s increased export opportunity to India, if it is outside the European Union, will be $3.2 billion, according to the Standard Chartered Trade Performance Index, which was released on March 13. The United Kingdom’s current exports to India are worth $5.5 billion. The predicted figure for exports if Britain remains in the European Union is $9.1 billion, while it stands at $12.3 billion if the country is outside the EU, giving rise to an increased export opportunity” of $3.2 billion, according to the analysis of Notional Post-Brexit UK Exports. The […]

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GST Council meeting extends tax exemptions to exporters

March 13th, 2018 | APTSO EXPORTS™ | Tags:

The 26 th meeting meeting of the GST Council held Saturday decided to extend the available tax exemptions on imported goods for a further 6 months beyond March 31. As per the decision, exporters presently availing various export promotion schemes can now continue to avail such exemptions on their imports up to October 1, , by which time an e-Wallet scheme is expected to be in place to continue the benefits in future. In a related development which would benefit the exporters, the Council reviewed the progress in grant of […]

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India plans to spend $308 million to improve weather forecasting 

October 20th, 2017 | APTSO EXPORTS™ | Tags:

India plans to spend $308 million to improve weather forecasting  Oct 18, 2017 India is planning to enhance its meteorological forecasting capability to more accurately predict severe weather in a localized manner. The Ministry of Earth Sciences will send a proposal to the government for spending 20 billion rupees ($308 million) in five years to install more radars, supercomputers and special observatories, said M. Rajeevan, secretary of the ministry. The modernization program will help the country forecast rain in a small geographical area. In August, the heaviest rainfall since 2005 […]

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