Container shortage crisis spreads to India delaying exports ');
document.write('A container shortage in India is causing long delays for exporters, especially on US trades. Earlier this month, the operational impact from the creeping equipment shortage in Asia – dominant headhaul traffic has caused empties to pile-up at ports in the US and Australia, for example, prompting carriers to plead for the swift return of used import boxes.');
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Onion exports to Bangladesh to resume ');
document.write('The government is working on resuming onion supplies to Bangladesh with certain conditions within days of imposing a ban. The move follows diplomatic intervention which resulted in the consignment in transit to be exported.');
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Indian rice exporters raise concerns after Iran starts placing orders for basmati from Pakistan ');
document.write('Iran has started placing orders with Pakistan for basmati rice, raising concerns of Indian basmati rice exporters who have stalled exports to the Gulf nation due to non-payment of their dues worth Rs 1,700 crore. However, exporters see this merely as a temporary blip.');
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Delhi Police busts gang involved in stealing licences of export firms ');
document.write('The police had initiated a probe after receiving complaints last year from four different garment export firms alleging that their licences of duty rebate on garment exports (RoSCTL) had been stolen from the Directorate General of Foreign Trade (DGFT) website and transferred to multiple beneficiaries using fake Digital Signature Certificate (DSC) keys.');
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India seeks market concession for rice, access for grapes, pomegranates from South Korea. ');
document.write('India will seek concessions for its rice exports to South Korea as Seoul levies a whopping 513% tariff on imported rice and buys rice from only five countries under its tariff rate quota regime. New Delhi will also push for Seoul to allow imports of grapes and pomegranates and eggplant, and do away with the requirement of sending inspectors before importing mangoes.');
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India’s exports dip by 12.66%, imports by 26% in August, trade deficit at $6.77 billion ');
document.write('The contraction in August was higher than in July (10.21 per cent) and June (12.41 per cent). Oil imports also declined by 41.62 per cent to $6.42 billion in the month. Contracting for the sixth straight month, India’s exports slipped 12.66 per cent year-on-year to USD 22.7 billion in August, on account of fall in the shipments of petroleum, leather, engineering goods and gems and jewellery items, as per the government data released on Tuesday.');
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Move to cap incentives may impact about 700 exporters. ');
document.write('Around 700 exporters of engineering items, automobiles, chemicals, pharmaceuticals, oil and gas, and textiles are likely to get impacted by the government’s move to cap incentives under the Merchandise Exports from India Scheme (MEIS) at Rs 2 crore per exporter for four months till December 31. read more...');
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India\'s new quality checks for imported parts will hurt sales, say foreign automakers. ');
document.write('Foreign automakers are seeking delays and exemptions to India\'s planned new quality rules for imported auto parts, arguing the regulations will increase costs, hurt sales and disrupt supply chains, sources with direct knowledge of the matter told Reuters. Prime Minister Narendra Modi is keen to reduce imports to boost local manufacturing to make India more self-sufficient and enable it to play a bigger role in the global supply chain. Read More.........');
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India to implement rules of origin norms for imports from 21 September ');
document.write('India\'s rules of origin norms, which are expected to come into force on 21 September, will help reduce the dumping of goods and stop imports of low quality products, a government official said on Tuesday. The Department of Revenue under the Ministry of Finance issued the notification on the new provisions on 21 August. Read more...........');
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India rice prices hit 18-month peak as coronavirus strains export logistics ');
document.write('Rice export prices in top hub India rose to their highest in nearly 18 months this week as supplies remained constrained due to pandemic-induced disruptions, while Bangladesh may have to import the staple after natural calamities damaged crops. India\'s 5 percent broken parboiled rice prices climbed to $387-$394 per tonne from last week\'s $384-$390. read more......');
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India\'s defence exports increase by 700% in two years, ranks 19th among world\'s defence exporters ');
document.write('The central government under Prime Minister Narendra Modi has had the long-standing ambition of making India one of the leading exporter of defence equipment and as per latest information, the Centre has indeed lived up to its promise on that front. Chief of Defence Staff General Bipin Rawat on Wednesday said that India is currently ranked 19th..........');
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India\'s global auto components trade likely to grow 5% by 2026: McKinsey ');
document.write('To grow trade, India could benefit from a targeted exports expansion and imports substitution programme, stated a news report by McKinsey on Indian auto component industry. For exports expansion, India has to learn from countries that are major exporters of auto components.');
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Government asks auto industry to cut imports, raise exports ');
document.write('Citing examples of existing auto hubs, such as Sanand, Manesar, and Hosur, Piyush Goyal said India must look at boosting its domestic capabilities and expand its global economic engagement. Senior ministers of the Union government took Prime Minister Narendra Modi�s clarion call of Atmanirbhar Bharat forward and urged automakers to reduce their dependence on imports, increase exports, and.......');
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Illegal cashew kernel imports a big worry ');
document.write('The Cashew Export Promotion Council of India (CEPCI) has raised serious concerns over rising illegal import of cashew kernels, saying this has hit the crisis-ridden domestic industry. CEPCI pointed out that large scale imports of low-quality, plain cashew kernels from competing countries such as Vietnam, Mozambique and Ivory Coast have led to closure of several cashew factories that provides gainful employment to more than 10 lakh workers, majority of them are women.');
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