General

Tirupur: Port Wings News Network: Tirupur Exporters Association (TEA) has lauded the measures taken by the Reserve Bank of India (RBI) in the prevailing condition due to COVID-19 outbreak on 27 March 2020. Shri Raja M Shanmugam, President, TEA, thanked the RBI governor for considering the major requisition and providing …

New Delhi: Port Wings News Network: Hailing the comprehensive announcement made by the RBI Governor on 27 March 2020, Mr Sharad Kumar Saraf, President, FIEO said that it will hugely benefit not only the banking system but also the Indian economy. The reduction in the Repo rate by 75 basis …

New Delhi: Port Wings News Network: Commenting on various flexibilities announced by the Union Finance Minister Nirmala Sitharaman, amidst Covid 19 challenges, Mr Sharad Kumar Saraf, President, FIEO said that the relaxation given in compliance and regulations in Direct and Indirect tax matters, MCA, IBC Code etc. are pragmatic and …

Chennai: Port Wings News Network: All Knitwear and Stakeholders Associations on 19 March had a meeting in Tirupur to discuss the impact on knitwear business to take stock of the situation witnessed further to outbreak of Coronavirus (COVID-19) and impact on the production plan including the buyers communication asking to …

Chennai: Port Wings News Network: Shri. G.V. Krishna Rao, I.R.S, an officer of 1987 batch has assumed charge as Chief Commissioner of CGST & Central Excise, Tamil Nadu & Puducherry zone, on 19 March 2020. He is a Science Graduate from Andhra University, and has done his MBAW and LL.B …

New Delhi: Port Wings News Network: The spread of Covid 19 to over 144 countries points to the most challenging times for the exports sector. The virus is likely to expand to many more countries. Near lock down and quarantine in many advanced economies has given a jolt to the …

New Delhi: Port Wings News Network: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has given its approval on 13 March 2020 for introducing the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) under which a mechanism would be created for reimbursement of …

New Delhi: Port Wings News Network: Reacting to a nominal growth in February, 2020 exports by 2.91 percent at USD 27.65 billion during the month, Mr Sharad Kumar Saraf, President, Federation of Indian Exports Organisations (FIEO), said that in the wake of Novel Corona Virus (COVID19), which not only pulled …

Chennai: Port Wings News Network: In view of the crude oil prices are experiencing a downturn with Brent Crude oil prices at US$ 33/- and on NYMEX is around US$ 30/- and may go down further. In event of such a downturn there is an acute need for the oil …

Tirupur: Port Wings News Network: With a view to presenting the issues that plaguing the textile industry and possible solutions to fix it, heads of different influential associations representing the segment met Dr. Anup Wadhawan, Commerce Secretary, Ministry of Commerce and Industry, Government of India, on 4 March at Tirupur. …

New Delhi: Port Wings News Network: Agricultural and Processed Food Export Development Authority (APEDA) has been focusing on collaborative approach to bring synergy with number of organisations and institutions having inherent professional and specialised expertise in different areas for capacity building of various stakeholders and providing solutions for addressing some …

Mumbai: Port Wings News Network: Eight shipping agencies participated in the MANSA OG Trophy Cricket Tournament held this week (24-28 February) at Oval Maidan, Churchgate with Mitsutor Shipping Agency lifting the trophy against NYK Line (India) Pvt. Ltd in the final match. The other teams that participated in the tournament …

Mumbai: Port Wings News Network: “Namaste Trump” will no doubt lead to the Indian businesses and markets to score a jump, Mr Vijay Kalantri, President All India Association of Industries (AIAI) and Vice President World Trade Center Mumbai, has said. “With an estimated total Indo US Trade value reaching $92.08 …

Chennai: Port Wings News Network: Shri. Raja M Shanmugham, President, Tirupur Exporters Association (TEA), welcomed the Tamil Nadu State Government decision of allocating Rs.1,224.25 crore in Budget Estimates 2020-21 for the Handlooms and Textiles. It may be noted that Deputy Chief Minister of Tamil Nadu and Minister of Finance Shri …

New Delhi: Port Wings News Network: Responding to a nominal decline in January exports by 1.66 percent at USD 25.97 billion during the month, FIEO President, Mr Sharad Kumar Saraf said that global and domestic factors have again pull-down the monthly exports. Besides protectionism and liquidity concerns coupled with sudden …