www.thedollarbusiness.com Vol.3 Issue 132 Friday, June 23, 2017 For subscribers only
FTA between UK and India will be easier to accomplish once UK exits EU, Sujit Nair
As Brexit was decided through a democratic process, any leader who comes to 10 Downing Street (Home of the British Prime Minister), is obliged to take forward the process. But what might differ is how the final Brexit deal might look like. Under Theresa May government, it strongly prefers a hard Brexit which will give full power to Britain to control its borders, make new trade deals and replace all EU laws with UK laws.Read more
AK Bhalla leaving DGFT, will be new Power Secretary
Bhalla, a 1984 batch IAS officer of the Assam-Meghalaya cadre who earlier served as the Additional Secretary in the Ministry of Commerce, will be joining as the new Power Secretary. He will take over the new charge from Power Secretary P K Pujari, who is retiring on June 30.Read more
FIEO sets export target of $325 bn for this fiscal
“Indian exports have been on an upward trend in last few months with export of $275 billion in last fiscal and a target of $325 billion to achieve in 2017-18,” the exporters’ body Federation of Indian Export Organisations (FIEO) said in a statement.Read more
Local oilseed crushers want government to raise import duties on edible oils
The Indian government is under pressure from the local oilseed crushers to raise the import duties on edible oils after domestic oilseed prices slumped way below the government support levels.Read more
'Foreign Trade Policy review by July 1 GST rollout'
The Commerce Ministry will finish the mid-term review of Foreign Trade Policy (FTP) earlier than expected so that it would coincide with the rollout of Goods and Services Tax (GST) on July 1, a senior official said on Tuesday, while adding that exporters have asked for policy incentives to boost exports.Read more
NASSCOM lowers IT export growth estimates to 7-8% in 2017-18
“The outlook for the IT industry in fiscal 2017-18 is 7-8% growth in exports and 10-11% in the domestic market as against 10-12% in 2016-17,” NASSCOM said in a statement. The Indian IT services sector has been coping with a slowdown in the business of banking and financial services, which contributes a major part to the revenues.Read more
Circulars & Notifications
Kannur International Airport in the State of Kerala declared as Customs Airport Dated 23rd June, 2017 | Copy of | Notification NO.56/2017 | In exercise of the powers conferred by clause (a) of sub-section (1), read with sub-section (2) of section 7 of the ... Read more
Project Imports Regulations, 1986 amended 1st Amendment of 2017 Dated 23rd June, 2017 | Copy of | Notification NO.24/2017 | In exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of ... Read more
Cooperation Agreement Bilateral Safeguard Measures Rules, 2017 notified Dated 21st June, 2017 | Copy of | Notification NO.55/2017 | In exercise of the powers conferred by sub-section (1) of section 5 of the Customs Tariff Act, 1975 (51 of 1975) ... Read more
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