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TMI BlogNegative Growth of ExportsX X X X Extracts X X X X X X X X Extracts X X X X ..... Negative Growth of Exports - News and Press Release Dated:- 6-3-2013 - News - Exports declined by 6.9% during first half of 2012-13 as compared same period of last year. The details of commodity-wise export including quantity and value for the current year is available in the DGCI S publication in CD form namely Monthly Statistics of Foreign Trade of India Vol. I (Exports). Such CD s are regul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arly sent to Parliament Library by DGCI S, Kolkata. Decline in exports is witnessed in Engineering Goods, Petroleum Products, Gems Jewellery, RMG of all Textiles, Electronic Goods, Cotton Yarn/Fabs/made-ups Handloom Products, etc during above said period. The global economic crisis, the sovereign debt crisis in Europe and the economic slowdown in developed economies has adversely impacted de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mand for our exports. In the international market Indian exports compete with exports of many countries including that of China. To increase our exports a strategy paper to double our exports by 2013-14 was released in May 2011 as part of plan of action. In the wake of continuous economic slowdown which has impacted the trade, a number of measures / incentives as part of the Annual Supplement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to Foreign Trade Policy were announced on 5th June 2012. DGFT has also undertaken a midterm review with detailed discussions with all the Export Promotion Councils and other stake holders. To further give a boost to India s Export, 102 new products have been added to the Focus Product Scheme. Five new markets and one special market has been added under Focus Product Scheme. And similarly some addi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tions have been made to MLFPS / VKGUY. Incremental Export Incentivisation Scheme has been introduced w.e.f 1.1.2013 whereby incremental exports made during the period January-March 2013 over the period January-March 2012 to specified countries would be eligible for the benefits. 2 % Inerest Subvention Scheme has been widened to include 134 sub-sectors of Engineering Sector w.e.f 1st January, 2013. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The validity of the scheme has been extended till March 31, 2014. This information was given by the Minister of State of Commerce Industry, Dr. D. Purandeswari in a written reply in Rajya Sabha today. DS/RK (Release ID :93092) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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