The document outlines India's foreign trade policy for 2009-2014. It notes that while India's exports grew substantially from 2003-2008, the global economic crisis caused exports to decline sharply starting in late 2008. The policy outlines various measures taken by the government and RBI to stimulate exports, such as interest subvention for labor-intensive sectors, continuation of duty exemption programs, and increasing lines of credit. It also provides data on major export destinations and import commodities. The short term objectives of the policy are to reverse the decline in exports and provide additional support to hard-hit sectors.
Macroenomic Policy Coordination: Beyond StabilityAbdul Hadi Ilman
The document summarizes Indonesia's macroeconomic conditions and policy coordination challenges. It notes that while China's economic growth remains sizable, Indonesia should also focus on opportunities in ASEAN. Household consumption is the main driver of Indonesia's GDP growth, but investment and exports have weakened. Maintaining high growth will require increasing savings or improving productivity. Fiscal and monetary policies face limitations, and government spending must avoid crowding out private investment. Commodity prices and global growth remain uncertain. Coordinating policies across sectors is important for sustainable growth and stability.
Monthly statistical e-bulletin comprising about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global.
Last week, equity benchmark index Nifty Feb Futures witnessed bearish movement in the 2nd half of the week after the PnB Scam came in limelight. PnB Scam turned as one of the biggest scams in the country’s corporate
The document summarizes Pakistan's economic growth and investment over the past year. It states that Pakistan's economy grew by an estimated 4.1% in 2009-10, a turnaround from the previous year's growth of 1.2%. However, the recovery remains fragile as not all sectors and regions have benefited equally from the modest upturn. Unemployment also increased moderately. Stronger growth will require resolving long-standing structural issues around resource mobilization and productivity.
- Global economic growth is projected to be steady in 2018, with developing countries seeing solid growth while recovery remains weak in advanced economies.
- Commodity prices are expected to increase marginally in 2018, led by a 5.7% rise in oil prices, while growth in commodity-reliant sectors will be modest.
- Indonesia's economic growth in 2017 has been driven by exports and investment, but private consumption is weakening due to declining purchasing power, especially among low-income groups dealing with high inflation.
- The Indonesian government is increasing capital expenditure on infrastructure to support domestic investment and growth, while the 2018 budget allocates more funds towards infrastructure development.
FAISAL BASRI: Subsidi BBM Sudah Bewujud Kanker GanasRuslan Chandra
Forum Diskusi Ekonomi Politik "Subsidi BBM, Solusi atau Masalah?" Minggu, 7 September 2014 bertempat di
Double Bay Lounge and Resto, Lobby Ibis Budget (ex Formula 1) Plaza Menteng GF 9-10, Jl Cokroaminoto 79 Jakarta Pusat.
Pembicara :
Ir. Hasto Kristiyanto, MM (Wakil Sekjend PDIP)
Faisal Basri (Pengamat Ekonomi)
Joko Anwar (Seniman Indonesia)
Olga Lydia (Seniman Indonesia)
Moderator : Azwar Zulkarnaen (FDEP).
Upload by: Ruslan Andy Chandra
http://liputansatu.blogspot.com/2014/09/faisal-basri-subsidi-bbm-solusi-atau.html.
Sumber: Forum Diskusi Ekonomi Politik (FDEP),
Markets began new F&O series on negative note. Following a marginal positive start tracking mixed global cues, markets hovered in positive territory for a while before moving southwards on slowdown worries and disappointing earnings from stalwarts like Bharti Airtel and BHEL. Sensex lost over 100 points to close the day while Nifty closed below psychological 6000.
Macroenomic Policy Coordination: Beyond StabilityAbdul Hadi Ilman
The document summarizes Indonesia's macroeconomic conditions and policy coordination challenges. It notes that while China's economic growth remains sizable, Indonesia should also focus on opportunities in ASEAN. Household consumption is the main driver of Indonesia's GDP growth, but investment and exports have weakened. Maintaining high growth will require increasing savings or improving productivity. Fiscal and monetary policies face limitations, and government spending must avoid crowding out private investment. Commodity prices and global growth remain uncertain. Coordinating policies across sectors is important for sustainable growth and stability.
Monthly statistical e-bulletin comprising about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global.
Last week, equity benchmark index Nifty Feb Futures witnessed bearish movement in the 2nd half of the week after the PnB Scam came in limelight. PnB Scam turned as one of the biggest scams in the country’s corporate
The document summarizes Pakistan's economic growth and investment over the past year. It states that Pakistan's economy grew by an estimated 4.1% in 2009-10, a turnaround from the previous year's growth of 1.2%. However, the recovery remains fragile as not all sectors and regions have benefited equally from the modest upturn. Unemployment also increased moderately. Stronger growth will require resolving long-standing structural issues around resource mobilization and productivity.
- Global economic growth is projected to be steady in 2018, with developing countries seeing solid growth while recovery remains weak in advanced economies.
- Commodity prices are expected to increase marginally in 2018, led by a 5.7% rise in oil prices, while growth in commodity-reliant sectors will be modest.
- Indonesia's economic growth in 2017 has been driven by exports and investment, but private consumption is weakening due to declining purchasing power, especially among low-income groups dealing with high inflation.
- The Indonesian government is increasing capital expenditure on infrastructure to support domestic investment and growth, while the 2018 budget allocates more funds towards infrastructure development.
FAISAL BASRI: Subsidi BBM Sudah Bewujud Kanker GanasRuslan Chandra
Forum Diskusi Ekonomi Politik "Subsidi BBM, Solusi atau Masalah?" Minggu, 7 September 2014 bertempat di
Double Bay Lounge and Resto, Lobby Ibis Budget (ex Formula 1) Plaza Menteng GF 9-10, Jl Cokroaminoto 79 Jakarta Pusat.
Pembicara :
Ir. Hasto Kristiyanto, MM (Wakil Sekjend PDIP)
Faisal Basri (Pengamat Ekonomi)
Joko Anwar (Seniman Indonesia)
Olga Lydia (Seniman Indonesia)
Moderator : Azwar Zulkarnaen (FDEP).
Upload by: Ruslan Andy Chandra
http://liputansatu.blogspot.com/2014/09/faisal-basri-subsidi-bbm-solusi-atau.html.
Sumber: Forum Diskusi Ekonomi Politik (FDEP),
Markets began new F&O series on negative note. Following a marginal positive start tracking mixed global cues, markets hovered in positive territory for a while before moving southwards on slowdown worries and disappointing earnings from stalwarts like Bharti Airtel and BHEL. Sensex lost over 100 points to close the day while Nifty closed below psychological 6000.
Bharti Airtel is well positioned for strong growth over the next few years. Total minutes of usage are expected to grow at 20% annually through FY2014 as tele-density and usage per subscriber remain well below developed markets. Competition is also expected to moderate as costs for new entrants are high. Bharti trades at an attractive valuation of 12x FY2012 earnings compared to its historical average of 26x and the Sensex P/E of 14.5x, despite higher returns. The acquisition of African and Bangladesh assets is also expected to be accretive. Overall, Bharti Airtel provides exposure to the growing Indian telecom sector at a reasonable valuation.
Markets continue to trade volatile ahead of Q3 earnings season. After starting in green, the benchmarks changed directions several times before ending in red. Nifty ended below 6K and plunged 0.5% at the close.
Driven by sluggish global cues and profit booking the markets end in red on F&O expiry day. Sensex lost over 100 points to end below 19900. Realty & PSU stocks led the gainers with related indices gaining over 1% each. On the other end, despite good quarterly results by the banking players, the bankex was the top loser among BSE sectorial indices.
The document provides forecasts for the UK economy from 2005 to 2015. It includes forecasts for key economic indicators such as GDP, inflation, earnings, unemployment, interest rates, oil prices, government borrowing, manufacturing, retail sales, house prices, and exchange rates. The forecasts are based on assumptions of continued growth in China and the US, and avoidance of a collapse in the Eurozone.
Continuing with yesterday’s momentum, markets began on buoyant note tracking global cues. Markets worldwide are exhibiting optimism following passage of the “fiscal cliff” deal by U.S. Congress. The deal will trigger higher taxes for wealthy Americans instead of across the board taxes and spending cuts to the tune of over 600 billion US dollars. Nifty surpassed 6000 for the first time in two years before settling at 5993 levels. Sensex ended above 19700.
This document summarizes UK economic data from June 2014. It shows that while UK GDP and output in some sectors have recovered since the 2008 financial crisis, overall GDP and construction and production output have not returned to pre-crisis levels. Unemployment is still above pre-crisis levels but hours worked exceeded pre-crisis levels due to population growth. Wage growth has lagged inflation since the crisis. Public debt levels have risen significantly and house price growth has exceeded inflation over the long-term.
Anthony Leddin and Paul Egan, Ireland’s national wage agreements & macroecon...NUI Galway
Dr Anthony Leddin, University of Limerick and Dr Paul Egan, University of St Andrews, Scotland, Ireland’s national wage agreements & macroeconomic performance: 1988 - 2008 presented at the 6th Annual NERI Labour Market Conference in association with the Whitaker Institute, NUI Galway, 22nd May, 2018.
The Indian Equity market remained remained positive throughout last week as the indices posted a gain of 1.6 percent each largely supported by metal, auto, energy and infra stocks. The Nifty50 index managed to close above 11,000 for the first time since September 2018. Nifty gained 172 points in the truncated week ended March 8. On a weekly basis, the rupee rose over 1
Triggers to watch out for:
1. Breaking down GDP Numbers
2. Equity Valuations Update
3. Why ICICI Prudential Accrual Funds
4. Investment Philosophy
Have a detailed insight into a monthly equity and fixed income market outlook.
Read the full document to know more.
The document summarizes Israel's economic highlights for the second quarter of 2011. It provides key economic indicators such as GDP, exports, imports, unemployment rates, inflation rates, and compares Israel's economic growth to other advanced economies. GDP grew by 4.7% in the first quarter of 2011, exports made up 44.6% of GDP, and unemployment was at 6%.
This reports gives reader an overview of India steel industry. It will explain India position from world prospective, its working and dominant players.
An advisory firm delivering services to the investors may help you in this sector. They use to provide such professionals who give such tips and hints which benefits the traders and help them to achieve the desired success.
This document provides an analysis of investment opportunities and risks in Indonesia for 2018. Some key points:
- Stock picking will be important for performance as certain sectors like public works spending and mining may outperform, while private consumption remains soft.
- Populist policies ahead of regional elections in mid-2018 are expected to support sectors like retail, telecoms, and state-owned contractors.
- However, valuations overall are high, and commodity prices and China's economic slowdown pose risks to Indonesia's terms of trade and growth outlook.
- State-owned enterprises continue increasing their role in driving infrastructure investment as private sector capex remains flat, which some argue crowds out private sector opportunities.
Brazil has a large and growing economy with a population of 191 million. It has experienced steady economic growth in recent decades and macroeconomic stability. Exports have increased substantially and now include manufactured goods, though the country still relies heavily on primary commodities. The financial system has also expanded and become more sophisticated in recent years.
Oil & Gas Journal Midyear Forecast (7.14.2017)Brad Keithley
Excellent Midyear Forecast presentation this morning by Oil & Gas Journal. Well worth the time it takes to listen to the archived version (https://goo.gl/bMAu5f, 1hr, 30min) for those interested in detail. The Q&A session toward the end is especially good (and includes a discussion of Arctic outlook). Slides available here if you want a quick overview.
AS/COA
680 Park Avenue
New York, NY
View map
February 18, 2015
Registration: 8:30 a.m. to 9:00 a.m.
Conference: 9:00 a.m. to 10:30 a.m.
AS/COA, ANBIMA, and BRAiN held an on-the-record presentation by Joaquim Levy, Minister of Finance of Brazil.
Welcoming Remarks:
Randy Melzi, Senior Director, Public Policy Programs and Corporate Relations, AS/COA
José Carlos Doherty, Director, BRAiN; Head, ANBIMA
Speaker:
Joaquim Levy, Minister of Finance, Brazil
Download the presentation.
Event Information: Diogo Ide | dide@as-coa.org | 212-277-8352
COA Corporate Membership: Monica Vieira | mvieira@as-coa.org | 212-277-8344
Press Inquiries: Adriana La Rotta | alarotta@as-coa.org | 212-277-8384
The Indian stock market indices declined slightly, with the Sensex closing down 30 points and the Nifty down 11 points. Public sector stocks declined significantly, dragging down the broader market, with the PSU bank index down over 3% and the PSU index down nearly 2%. Two public sector companies, GAIL and BHEL, were granted greater autonomy but their stock prices still declined. Several major companies reported quarterly earnings results, with Bank of Baroda, Indian Bank, and MCX reporting lower profits.
The document discusses India's foreign trade policy for 2009-2014. It provides details on key components of the policy including India's foreign trade trends, the impact of the global economic crisis on Indian exports, various export promotion schemes to provide duty exemptions and remissions, and other initiatives and measures taken by the government and RBI to boost exports and facilitate trade. The policy aims to arrest the declining export trend and achieve an annual export growth target of $200 billion by 2011 and double India's share of global trade by 2020.
Bharti Airtel is well positioned for strong growth over the next few years. Total minutes of usage are expected to grow at 20% annually through FY2014 as tele-density and usage per subscriber remain well below developed markets. Competition is also expected to moderate as costs for new entrants are high. Bharti trades at an attractive valuation of 12x FY2012 earnings compared to its historical average of 26x and the Sensex P/E of 14.5x, despite higher returns. The acquisition of African and Bangladesh assets is also expected to be accretive. Overall, Bharti Airtel provides exposure to the growing Indian telecom sector at a reasonable valuation.
Markets continue to trade volatile ahead of Q3 earnings season. After starting in green, the benchmarks changed directions several times before ending in red. Nifty ended below 6K and plunged 0.5% at the close.
Driven by sluggish global cues and profit booking the markets end in red on F&O expiry day. Sensex lost over 100 points to end below 19900. Realty & PSU stocks led the gainers with related indices gaining over 1% each. On the other end, despite good quarterly results by the banking players, the bankex was the top loser among BSE sectorial indices.
The document provides forecasts for the UK economy from 2005 to 2015. It includes forecasts for key economic indicators such as GDP, inflation, earnings, unemployment, interest rates, oil prices, government borrowing, manufacturing, retail sales, house prices, and exchange rates. The forecasts are based on assumptions of continued growth in China and the US, and avoidance of a collapse in the Eurozone.
Continuing with yesterday’s momentum, markets began on buoyant note tracking global cues. Markets worldwide are exhibiting optimism following passage of the “fiscal cliff” deal by U.S. Congress. The deal will trigger higher taxes for wealthy Americans instead of across the board taxes and spending cuts to the tune of over 600 billion US dollars. Nifty surpassed 6000 for the first time in two years before settling at 5993 levels. Sensex ended above 19700.
This document summarizes UK economic data from June 2014. It shows that while UK GDP and output in some sectors have recovered since the 2008 financial crisis, overall GDP and construction and production output have not returned to pre-crisis levels. Unemployment is still above pre-crisis levels but hours worked exceeded pre-crisis levels due to population growth. Wage growth has lagged inflation since the crisis. Public debt levels have risen significantly and house price growth has exceeded inflation over the long-term.
Anthony Leddin and Paul Egan, Ireland’s national wage agreements & macroecon...NUI Galway
Dr Anthony Leddin, University of Limerick and Dr Paul Egan, University of St Andrews, Scotland, Ireland’s national wage agreements & macroeconomic performance: 1988 - 2008 presented at the 6th Annual NERI Labour Market Conference in association with the Whitaker Institute, NUI Galway, 22nd May, 2018.
The Indian Equity market remained remained positive throughout last week as the indices posted a gain of 1.6 percent each largely supported by metal, auto, energy and infra stocks. The Nifty50 index managed to close above 11,000 for the first time since September 2018. Nifty gained 172 points in the truncated week ended March 8. On a weekly basis, the rupee rose over 1
Triggers to watch out for:
1. Breaking down GDP Numbers
2. Equity Valuations Update
3. Why ICICI Prudential Accrual Funds
4. Investment Philosophy
Have a detailed insight into a monthly equity and fixed income market outlook.
Read the full document to know more.
The document summarizes Israel's economic highlights for the second quarter of 2011. It provides key economic indicators such as GDP, exports, imports, unemployment rates, inflation rates, and compares Israel's economic growth to other advanced economies. GDP grew by 4.7% in the first quarter of 2011, exports made up 44.6% of GDP, and unemployment was at 6%.
This reports gives reader an overview of India steel industry. It will explain India position from world prospective, its working and dominant players.
An advisory firm delivering services to the investors may help you in this sector. They use to provide such professionals who give such tips and hints which benefits the traders and help them to achieve the desired success.
This document provides an analysis of investment opportunities and risks in Indonesia for 2018. Some key points:
- Stock picking will be important for performance as certain sectors like public works spending and mining may outperform, while private consumption remains soft.
- Populist policies ahead of regional elections in mid-2018 are expected to support sectors like retail, telecoms, and state-owned contractors.
- However, valuations overall are high, and commodity prices and China's economic slowdown pose risks to Indonesia's terms of trade and growth outlook.
- State-owned enterprises continue increasing their role in driving infrastructure investment as private sector capex remains flat, which some argue crowds out private sector opportunities.
Brazil has a large and growing economy with a population of 191 million. It has experienced steady economic growth in recent decades and macroeconomic stability. Exports have increased substantially and now include manufactured goods, though the country still relies heavily on primary commodities. The financial system has also expanded and become more sophisticated in recent years.
Oil & Gas Journal Midyear Forecast (7.14.2017)Brad Keithley
Excellent Midyear Forecast presentation this morning by Oil & Gas Journal. Well worth the time it takes to listen to the archived version (https://goo.gl/bMAu5f, 1hr, 30min) for those interested in detail. The Q&A session toward the end is especially good (and includes a discussion of Arctic outlook). Slides available here if you want a quick overview.
AS/COA
680 Park Avenue
New York, NY
View map
February 18, 2015
Registration: 8:30 a.m. to 9:00 a.m.
Conference: 9:00 a.m. to 10:30 a.m.
AS/COA, ANBIMA, and BRAiN held an on-the-record presentation by Joaquim Levy, Minister of Finance of Brazil.
Welcoming Remarks:
Randy Melzi, Senior Director, Public Policy Programs and Corporate Relations, AS/COA
José Carlos Doherty, Director, BRAiN; Head, ANBIMA
Speaker:
Joaquim Levy, Minister of Finance, Brazil
Download the presentation.
Event Information: Diogo Ide | dide@as-coa.org | 212-277-8352
COA Corporate Membership: Monica Vieira | mvieira@as-coa.org | 212-277-8344
Press Inquiries: Adriana La Rotta | alarotta@as-coa.org | 212-277-8384
The Indian stock market indices declined slightly, with the Sensex closing down 30 points and the Nifty down 11 points. Public sector stocks declined significantly, dragging down the broader market, with the PSU bank index down over 3% and the PSU index down nearly 2%. Two public sector companies, GAIL and BHEL, were granted greater autonomy but their stock prices still declined. Several major companies reported quarterly earnings results, with Bank of Baroda, Indian Bank, and MCX reporting lower profits.
The document discusses India's foreign trade policy for 2009-2014. It provides details on key components of the policy including India's foreign trade trends, the impact of the global economic crisis on Indian exports, various export promotion schemes to provide duty exemptions and remissions, and other initiatives and measures taken by the government and RBI to boost exports and facilitate trade. The policy aims to arrest the declining export trend and achieve an annual export growth target of $200 billion by 2011 and double India's share of global trade by 2020.
This document provides an overview of foreign trade regulation in India. It discusses the history of foreign trade regulation from import controls introduced in 1940 to the current Foreign Trade (Development and Regulation) Act. It also outlines the key provisions of the Act, describes India's foreign trade performance and partners, incentives schemes under trade policies, and the organizational structure for regulating foreign trade with various autonomous bodies and public sector undertakings.
This document provides an overview of foreign trade regulation in India. It discusses the history of foreign trade regulation from import controls introduced in 1940 to the current Foreign Trade (Development and Regulation) Act. It also outlines the key provisions of the Act, describes India's foreign trade performance and partners, incentives schemes under trade policies, and the organizational structure for regulating foreign trade with various autonomous bodies and public sector undertakings.
This document provides an overview of India's foreign trade policy for 2009-2014. It discusses India's growing exports and trade share in recent years. It then outlines the economic crisis and declining exports. The policy aims to arrest this decline and achieve annual export growth targets. It describes various components of the policy including import/export controls, duty exemption schemes, and promotional measures. Stimulus measures by the government and RBI to boost exports are also summarized.
1) Foreign direct investment and foreign institutional investment are both types of cross-border investment but differ in nature. While FDI involves direct ownership in a business located in another country, FII refers to foreign investment in the stock markets of another country.
2) FDI provides greater control rights and is a longer term commitment, whereas FII is more short-term in nature and does not provide control over operations.
3) Both FDI and FII can provide benefits like increased capital flows and investment, but FII is more prone to being "hot money" that leaves quickly.
This document provides a strategic trade policy framework for Pakistan from 2009 to 2012. It outlines key challenges such as high costs of doing business and energy shortages. The framework aims to enhance competitiveness, reduce costs, and support focus sectors including textiles, pharmaceuticals, and agriculture. Specific initiatives are proposed to address supply constraints, promote financing at reasonable rates, and support export-oriented sectors through targeted policies and programs. The targets include increasing exports, improving competitiveness rankings, and expanding regional trade.
The document provides information on India's foreign trade policies and trends over several decades. It discusses the evolution of India's trade balance from deficits in the early decades to surpluses more recently. Key points include:
- India had trade deficits from the 1950s through 1980s as imports grew faster than exports due to developmental needs and oil shocks. Deficits peaked in the 1980s, making India one of the most indebted countries.
- Liberalization began in the 1990s with policies promoting exports and attracting foreign capital. This reduced deficits and led to surpluses in the 2000s as exports grew rapidly, especially for software and manufactured goods.
- More recent foreign trade policies have aimed to
The document discusses the DSP India T.I.G.E.R. Fund, which focuses on infrastructure growth and economic reforms in India. It notes that private sector investment and manufacturing as a percentage of GDP in India have remained low. However, it outlines several positive indicators that private sector capex and the manufacturing sector may be reviving in India, such as rising capacity utilization, an uptick in private sector project announcements, lower corporate tax rates making India competitive, and the government increasing infrastructure spending and production-linked incentive schemes to attract manufacturing away from China.
This document discusses the investment opportunity in India presented by rising economic growth and infrastructure development. It notes that investment rates and manufacturing as a percentage of GDP have declined but are showing signs of revival. Key factors driving this include improving bank balance sheets, rising tax revenues, lower corporate tax rates, and government initiatives and spending on infrastructure. The fund focuses on sectors that will benefit from economic reforms, infrastructure growth, and the 'China plus one' manufacturing shift out of China.
This document is a budget brief from KPMG Taseer Hadi & Co. that contains:
1) A review of Pakistan's economic scenario and highlights of the Finance Bill 2014 relating to direct and indirect taxes.
2) Comments representing KPMG's interpretation of the legislation, noting the provisions apply from July 1, 2014 unless otherwise specified.
3) A recommendation to reference the specific wording of relevant statutes when considering the application to any particular case.
The document discusses the Indian economy and trends in Asian economies. It provides an overview of India's economic transition to a services-driven economy, with services now accounting for 57% of GDP. It summarizes growth rates for key sectors in India such as agriculture, industry, and services between 2005-2011. It also discusses the impacts of the global recession of 2008-2009 on Asian economies and indicators of recovery. Overall, it analyzes economic growth trends and the structure of economies across Asia.
- Net profit increased 68% to R$53.2 million in 2009, with EBITDA growth of 40.7% and margin improvement.
- Cash cycle was reduced by 13.1 days to 52.7 days through working capital reductions.
- Net debt was reduced by 43.8% and the net debt to EBITDA ratio improved to 1.1x from 1.9x in 2008.
- In Q2 2013, sales were largely unchanged from Q2 2012 but organic growth was 5.9%. EBIT declined slightly due to negative currency impacts.
- Major Appliances Europe saw weak markets and declining volumes, resulting in breakeven EBIT. North America saw improved price/mix and increased market share.
- Latin America and Asia/Pacific saw continued growth, while Small Appliances and Professional Products saw higher volumes but lower margins.
- For full-year 2013, the company expects slightly positive market volumes and price/mix, along with higher costs for materials, R&D, and logistics.
- India has significant advantages in the aluminium industry due to low costs of key inputs like bauxite and power. It has large bauxite reserves that allow for low mining and refining costs, and access to cheap hydropower and coastal locations enable competitive power costs.
- India is already a major global producer and consumer of aluminium, ranking 6th in alumina production, 8th in aluminium production, and 5th in aluminium consumption. Indian aluminium producers also have low production costs and high profitability compared to global peers.
- With rising global demand for aluminium driven by Asian growth, India's role as a major aluminium producer is projected to grow further, supported by
The document summarizes the company's earnings results for the second quarter of 2013. Key highlights include:
- Sales volumes grew for chrysotile mineral, fiber cement, and concrete tiles.
- Net consolidated revenue increased 14.4% to R$241.5 million.
- EBITDA grew 21.3% to R$47.6 million with margins of 20%.
- Net income reached R$27.1 million, a 0.5% growth.
The document provides an economic outlook for India for 2010-11 and 2011-12. It projects that the Indian economy will grow at 8.5% in 2010-11 and 9% in 2011-12, driven by growth in agriculture, industry, and services. Inflation is projected to be 6.5% by March 2011 due to an expected normal monsoon and a rising domestic savings and investment rate. The current account deficit is estimated to remain around 3% of GDP.
The document discusses foreign direct investment (FDI) in India. It defines FDI and describes the different types. It outlines the routes for FDI in India, the sectors that permit and do not permit FDI, and trends in FDI inflows in recent years. Challenges to FDI are also examined, as well as recent developments like India targeting $50 billion in annual FDI by 2012.
Electrolux Interim Report Q1 2013 - PresentationElectrolux Group
Highlights of the first quarter of 2013. Net sales amounted to SEK 25,328m (25,875) and reported income for the period was SEK 361m (499), or SEK 1.26 (1.76) per share. Organic growth was 3.8%, while currencies had a negative impact of –5.9%. Continued strong sales growth in North America, Asia/Pacific and Latin America. Market conditions in Europe weakened and sales for Major Appliances, Small Appliances and Professional Products were negatively impacted. North America more than tripled its earnings year-over-year as a result of strong volume growth and improvements in price and mix. Lower volumes and a weak price/mix trend in Europe negatively impacted results. Negative impact from currencies by SEK –318m impacted earnings for Latin America, Europe and Small Appliances. Seasonal build-up of inventories and working capital needs driven by strong growth impacted cash-flow in the quarter.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
Garments ERP Software in Bangladesh _ Pridesys IT Ltd.pdfPridesys IT Ltd.
Pridesys Garments ERP is one of the leading ERP solution provider, especially for Garments industries which is integrated with
different modules that cover all the aspects of your Garments Business. This solution supports multi-currency and multi-location
based operations. It aims at keeping track of all the activities including receiving an order from buyer, costing of order, resource
planning, procurement of raw materials, production management, inventory management, import-export process, order
reconciliation process etc. It’s also integrated with other modules of Pridesys ERP including finance, accounts, HR, supply-chain etc.
With this automated solution you can easily track your business activities and entire operations of your garments manufacturing
proces
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Dive into this presentation and learn about the ways in which you can buy an engagement ring. This guide will help you choose the perfect engagement rings for women.
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2. Outline Of Presentation
India’s Foreign Trade
Current Economic Crisis
Foreign Trade Policy – Components and
Schemes
Foreign Trade Policy – New Initiatives
Role of CAs in trade facilitation as in FTP
2
3. India’s Foreign Trade
In the last five years, robust growth in merchandise
exports
From US$ 63 billion in 2003-04 to US $ 185 billion in
2008-09.
Share of global trade (WTO estimates):
2003 2008
Merchandise trade 0.83% 1.45%
Commercial Services 1.4% 2.8%
exports
Goods & Services Trade 0.92% 1.64%
3
5. Impact on Indian Exports
(Figures in US$ billion)
Period 2007-08* (US $ Increase(+) / Decrease (-)
2008-09**(US $ Billion)
Billion)
April- Sept. 73.558 108.907 + 48.1
October 14.675 14.131 -3.7
November 12.909 11.163 -13.5
December 14.625 13..368 -8.6
January 2009 14.889 12.869 -13.6
February 15.221 11..941 -21.5
March 17.254 12..916 -25.1
April’ 08 to March’ 09 163.13 185.295 +13.6
Month 2008-09@ 2009-10 Increase(+) / Decrease (-)
April 2009 18.460 11.909 -35.5
May 18.687 11.368 -39.2
June 19.181 13.059 -31.9
July 19.030 13.623 -28.4
August 17.759 14.289 -19.5
September 15.789 13.608 -13.8
5
6. DECLINE IN EXPORTS
Impact on Indian exports:
•Suffered a decline in the last 11 months since October 2008.
•April - September 2009 exports show a decline of 28.5% (in $ terms)
and 18.6% (in Rupee terms) vis-à-vis last year.
Employment intensive sectors have been severely affected.
Tea (-37.2%), Spices (-27.8%), Cashew (-27.5%), Oil-meals (- 42.9%)
Iron-ore (-29.5%), Leather and Leather Manf. (-26.6%),
Gems & Jewellery (-28%), Basic Chemicals (-26.9%),
Engineering Goods (-32.1%), Electronic Goods (-32.2%).
Cotton Yarn /Fabrics /Made-ups (-31.5%), Jute Mfg. incl. Floor Covering
(-39.8%), Carpets (-29.8%), Handicrafts (-29.8%),
Petroleum Products (-43.1%), Plastics & Linoleum (-23.2%).
6
7. REASONS FOR EXPORT DECLINE
Major Hurdles faced by Indian Exporters:
Unprecedented Rupee Appreciation by about 12% in the year
2007-08;
Global Economic Slowdown and Recession in Developed
Economies during 2008-09 and its impact.
High Interest Rates
Non-availability of trade credit
Withdrawal of GSP Benefits by US on certain products such as
Gems and Jewellery items, certain leather products etc.
Ban on exports of certain food products since 2007.
High Incentives provided by some of the countries like China,
Bangladesh etc.
7
8. Apprehension of severe downturn in
November 2008
Series of stimulus measures announced
o Fiscal incentives
o Monetary liberalization
8
9. MEASURES TAKEN BY GOVT. AND RBI
Measures taken by the Government:
• Interest subvention of 2% extended till 31.3.2010, to labour
intensive sectors for exports:- Textiles (including Handlooms),
Handicrafts, Carpet, Leather, Gems & Jewellery, Marine
Products and SMEs;
• Continuation of Duty Entitlement Passbook (DEPB) Scheme
upto 31st December, 2010;
• Restoration of DEPB rates for all items where they were
reduced in November, 2008 and increase in Duty Drawback
rates on certain items effective from 1st September, 2008;
• DEPB and Freely transferable Incentive Schemes allowed
without the initial requirement of BRC;
9
10. Stimulus package – Key features
• CENVAT reduced from 14 per cent to 8 per cent
• Service tax reduced from 12 percent to 10 per cent
• Additional Plan expenditure for critical rural & infrastructure
schemes
• Monetary policy measures
Repo rate reduced from 9 percent to 4.75 per cent
Reverse repo rate reduced from 6 per cent to 3.25 percent
CRR reduced from 9 percent to 5 percent
• Large program for construction of affordable housing announced
• Assistance under the JNNURM for the purchase of buses for their
urban transport systems.
• Accelerated depreciation of 50 percent for commercial vehicles
• Removal of ban on Government departments for replacement of
vehicles
10
11. MEASURES TAKEN BY GOVT. AND RBI
(Contd…)
• Back-up guarantee of Rs.350 crores made available to
ECGC to provide guarantees for exports to difficult markets /
products;
• Additional funds of Rs 350 crore provided to cover handicraft
items etc. in Vishesh Krishi and Gram Udyog Yojana
(VKGUY);
• Market Linked Focus Product Scheme extended for bicycle
parts, Motor Cars and Motor Cycles, Apparels and Clothing
accessories, Auto Components etc.
• Additional Rs 1100 crore provided to ensure full refund of
claims of CST / Terminal Excise duty /Duty drawback.
• Additional funds of Rs 1400 crore provided for textile sector
to clear the backlog claims of TUF;
• Export duty on iron ore fines eliminated, and for lumps,
reduced to 5%;
• Some pending issues relating to Service Tax refund on
exports resolved.
11
12. MEASURES TAKEN BY GOVT. AND RBI
(Contd…)
• A Committee constituted under the Chairmanship of
Finance Secretary to fast track resolution of procedural
issues. Secretaries of Department of Revenue and
Commerce other Members of the Committee;
Measures taken by RBI:
• Increase in Liquidity to the banks for improving credit flow
by reduction of CRR from 9% to 5%, SLR reduced from 25% to
24%; Repo rate from 7.5% to 4.75% and Reverse Repo rate from
6% to 3.25%.
• Refinance facility to the EXIM Bank for Rs. 5000 crores for
providing pre-shipment and post-shipment credit.
• Increase in FOREX Liquidity
• Easing of Credit Terms by Enhancing the period of pre-
shipment and post-shipment Rupee Export Credit by 90 days
each, Increasing the time period of export realization for non-
status holder exporters to 12 months etc. 12
13. India’s Foreign Trade
Major Export Destinations
Country 2008-09
($ bn) % share in Total
1 USA 19.7 12%
2 United Arab Emirates 17.8 11%
3 China 8.5 5%
4 Singapore 7.6 5%
5 Hong Kong 6.4 4%
6 United Kingdom 6.2 4%
7 Germany 5.9 4%
8 Netherlands 5.9 4%
9 Saudi Arabia 4.8 3%
10 Belgium 4.3 3%
13
14. India’s Foreign Trade
Major Import Commodities
Commodity 2008-09 % share in Total
($ bn)
1 Petroleum, Crude and products 93.1 32.36%
2 Machinery, Electrical and non-electrical 24.3 8.44%
3 Electronic goods 21.5 7.48%
4 Gold and silver 19.5 6.76%
5 Fertilizer, crude and manufactured 13.6 4.72%
6 Pearls, precious and semi-precious 12.8 4.44%
7 Organic and inorganic chemicals 12.8 4.43%
8 Coal, coke and briquettes 10.5 3.64%
9 Iron & Steel 9.5 3.30%
10 Metaliferrous ores and metal scrap 8.3 2.89%
14
15. Foreign Trade Policy 2009-14
Short Term Objectives:
• To arrest and reverse the declining trend of exports; and
• To provide additional support to those sectors which have been hit badly
by recession in the Developed World.
Medium term Policy Objectives :
• To achieve an Annual Export growth of 15% with an Annual Export
Target of US$ 200 billion by March 2011.
• To achieve an Annual Export growth of around 25% by 2014.
• To double India’s exports of goods and services by 2014.
Long Term Objective :
• To double India’s share in Global Trade by 2020.
15
17. Foreign Trade Policy
Components and schemes
• Import / Exports controls
• Schemes for Duty Exemption/Remission
• Promotional Measures/ Incentive Schemes
• Technological Upgradation
• Deemed Exports
• Export Oriented Units (EOUS), Electronics Hardware Technology
Parks (EHTPS), Software Technology Parks (STPS) and Bio-
Technology Parks (BTPS)
• Special Economic Zones
17
18. Foreign Trade Policy
Import / Export Controls
Import:
• Around 5% Tariff Lines are under Import Controls.
• 11600 Tariff Lines are free for import.
• Almost total control on imports in 1991,
• Restrictions removed over the next 10 years, removing
almost all the Quantitative Restrictions.
• Presently:
Prohibited items - 53 Lines
Restricted items - 485 Lines
State Trading Items - 33 Lines.
18
19. Foreign Trade Policy
Import / Export Controls
Exports
• Controls primarily on account of security, public health, public
morals, exhaustible resources and environment grounds.
Prohibited items - 59
Restricted items - 155
State Trading Items - 12.
• Restrictions fall under two Categories
Dual Use Items (SCOMET items) – Special provision for these
items under Weapons of Mass Destruction Act, 2005.
General Trading Items - Export Facilitation Committee looks into
applications for license for these items.
19
20. CENTRAL DUTIES:
CUSTOMS DUTY—Basic, Addl customs (CVD
including 4% Addl. duty, Education Cess, Anti-
dumping, Safeguard duties etc.
EXCISE DUTY--- Basic, Addl Excise duty etc.
CENTRAL SALES TAX (CST)
SERVICE TAX
EXPORT CESS
INCOME TAX [Exemption for SEZs ;EOUs (upto 31.3.2011)
FBT (Withdrawn)
OTHERS:
ELECTRICITY DUTY, SALES TAX, OCTROI, etc.
GST-- Implications
20
21. Foreign Trade Policy
Schemes for Duty Exemption/Remission
Principle - Goods and Services are to be exported and not the Taxes and
Levies.
Purpose: Procure inputs and capital goods without the component of
Central Indirect Taxes & Levies
Pre Export Schemes :
8. For Inputs: Advance Authorisation Scheme
Duty Free Import Authorisation (DFIA) Scheme
Schemes for Gems & Jewellery Sector
2. For Capital Goods: Export Promotion Capital Goods (EPCG) Scheme
Post Export Schemes : Duty Entitlement Pass Book (DEPB)
Duty Drawback Scheme
Terminal Excise Duty (TED) Refund
21
22. Foreign Trade Policy
Schemes for Duty Exemption/Remission
Advance Authorization Scheme
• For making available duty free Inputs required to manufacture the export
product.
• Inputs allowed as per Standard Input Output Norms and with Actual User
condition
• Facility available for Physical exports (including supplies to SEZ units & SEZ
Developers), deemed exports and Intermediate supplies.
• Minimum 15% V.A.
• Time period for import & export
• Penalty clauses
2008-09 – 19,146 authorizations issued for CIF value of Rs. 1,04,333 crores 22
23. Foreign Trade Policy
Schemes for Duty Exemption/Remission
Duty Free Import Authorisation (DFIA)
Scheme made operational from 1.5.06.
• This was introduced to facilitate transfer of the
authorisation or the inputs imported, once export is
completed
• Minimum 20% value addition stipulated.
• Based on SION
• 22 sensitive items
• Validity – similar to advance authorisation
• Sectors availing
2008-09 – 3,815 authorizations issued for CIF value of
Rs. 8,779 crores
23
24. Foreign Trade Policy
Schemes for Duty Exemption/Remission
Duty Entitlement Passbook Scheme (DEPB)
• Post Exports scheme to neutralize the Basic customs duty on
inputs.
• Post export Freely transferable Duty Credit Scrips issued at notified
percentage of FOB value of Exports.
Duty Credit Scrips used for payment of customs duty on imports
DEPB rates notified for 2137 items
• Most popular scheme
• DEPB on pre realisation and post realisation
• Validity
• Usability
• Sectors availing
2008-09 – 1,12,764 DEPB scrips issued for duty credit worth
Rs.7,713 crores.
24
25. Foreign Trade Policy
Schemes for Duty Exemption/Remission
Gems & Jewellery Scheme
Duty Free Procurement of precious metal
(Gold / Silver / Platinum) from the nominated
agencies either in advance or as replenishment.
Duty Drawback scheme notified
Duty Free Import of Consumables for export
production upto a specified percentage of FOB
value of previous years’ export.
25
26. Promotional Measures/
Incentive Schemes
• Vishesh Krishi and Gram Udyog Yojana
(VKGUY)
• Focus Market Scheme (FMS)
• Focus Product Scheme (FPS)
• Market Linked Focus Product Scheme
(MLFPS)
• Served From India Scheme (SFIS)
26
27. Foreign Trade Policy
Promotional Measures/ Incentive Schemes
Vishesh Krishi & Gram Udyog Yojana (VKGUY)
• To promote exports of :
(i) Agricultural Produce and their value added products;
(ii) Minor Forest Produce and their value added variants;
(iii) Gram Udyog Products;
(iv) Forest Based Products; and
(v) Other Products, as notified from time to time.
• VKGUY benefits are granted with an aim to compensate high
transport costs, and to offset other disadvantages.
• Duty Credit Scrip benefits, at 5% of FOB value of exports; Lower rate
of 3% when specific DEPB/ Drawback more than 1% /Advance
Authorisation benefit availed; Additional 2% provided for a few items.
• 2008-09 - Duty credit scrips issued under VKGUY Rs.2676 crores 27
28. Focus Market Scheme
• Objective is to offset high freight cost and other externalities to select
international markets with a view to diversify the markets and to enhance
India’s export competitiveness in these countries.
• Currently 109 markets have been notified;
• Exports of all products (except some in-eligible items / categories) to
notified countries entitled for Duty Credit Scrips equivalent to 3 % of FOB
value of exports.
• Pre realisation & post realisation
• Validity
• Utility
• 2008-09 - Duty credit scrips issued under FMSRs.347 crores
28
29. Focus Product Scheme
• Objective is to incentivise export of such products which have high
export intensity / employment potential, so as to offset infrastructure
inefficiencies and other associated costs involved in marketing of
these products.
• Exports of notified products to all countries entitled for Duty Credit
scrip equivalent to 2 % of FOB value of exports.
• Currently over 1000 Products (at 8 digit level) covered under FPS.
• Validity
• Utility
• 2008-09 - Duty credit scrips issued under FPS Rs 215 crores.
29
30. Market Linked Focus Product
Scheme (MLFPS)
• To promote exports of products of high export intensity but
which have a low penetration in countries;
• Export of Products/Sectors of high export intensity /
employment potential (which are not covered under
present FPS List) would be incentivized at 2 % of FOB
value of exports.
• Validity
• Utility
• Currently over 1550 products (at 8 digit level) covered
under MLFPS.
30
31. Served From India Scheme (SFIS)
• To accelerate growth in export of Services to create a
powerful and unique “Served from India” Brand;
• All service providers (except a few ineligible sectors /
services) entitled to duty credit scrips equivalent to 10 %
of free foreign exchange earned during the year;
• Validity
• Utility
• Actual User
2008-09 – 785 SFIS scrips issued for duty credit worth
Rs.736 crores.
31
32. Schemes for Technological
Upgradation
• Export Promotion Capital goods Scheme
(EPCG)
• Status Holders Incentive Scrip (SHIS)
32
33. Export Promotion Capital goods
(EPCG) Scheme
• Import of capital goods for modernization and technological upgradation at a concessional
import duty of 3% and at Zero duty for certain export sectors (against normal basic
customs duty of 5% to 7.5%)
• Zero Duty Scheme valid for specified sectors and till 31.3.2011.
• Export obligation:
Block-wise E.O. monitoring;
Specific E.O.:- Subject to export obligation of 8 times duty saved over 8 years (3% duty
scheme) and 6 times duty saved over 6 years (zero duty scheme); Exceptions for Small
scale, tiny industries, agri sector etc.
Average E.O.:- Exemption to certain sectors.
E.O. extension: EPCG committee
Physical, deemed and Third party exports
• Penalty clauses
• 2008-09 - 19,931 authorisations issued for duty saved amount Rs.17,038 crores
33
34. Status Holders Incentive Scrip
• With an objective to promote investment for
upgradation of technology of specified sectors
Status Holders shall be entitled to incentive scrip
@1% of FOB value of exports in those sectors
made during 2009-10 and during 2010-11, in the
form of duty credit scrip.
• Mutually exclusive with EPCG
34
35. Export Oriented Units (EOUS), Electronics
Hardware Technology Parks (EHTPS), Software
Technology Parks (STPS) and Bio-Technology
Parks (BTPS)
EOUs are permitted for manufacture of goods including
repair, remaking, reconditioning, re-engineering and
rendering of services. Trading activity is not permitted.
Duty free imports of all inputs.
Exemption from Income Tax under Section 10 B
(presently extended till 31.3.2011.)
Refund of Central Sales Tax (CST) paid on supply of
goods from Domestic Tariff Area (DTA) to EOU.
50% of FOB value of exports allowed to be sold in the
DTA on payment of concessional duty (50%).
EOUs have to be a positive net foreign exchange earner.
NFE is to be achieved cumulatively in a block of 5 years.
35
36. Deemed Export Drawback / Terminal Excise
Duty Refund
Supply of goods manufactured by Domestic Units to
certain authorisation holders / recognised projects which
are otherwise entitled for Duty Free Imports.
Purpose is:
• Import Substitution.
Benefits available in the form of:
• Advance Authorisation / DFIA;
• Deemed Export Duty Drawback and TED Refund.
36
37. Agreement on Subsidies and Countervailing
Measures
Prohibited subsidies:
a) Contingent upon export performance
b) Contingent upon the use of domestic over
imported goods (Import Substitution Subsidy)--.
Exception: Foot note 61 of Annex II to the
agreement: Exemption or remission of duty (Indirect
tax) on the inputs (which are physically incorporated)
or Oil, fuel, energy, catalyst used in the export
production permitted. 37
38. PROHIBITED SUBSIDIES:
(Exceptions)
Agreement recognises the important role of subsidies in
economic development of developing countries and
transformation of centrally planned economies to market
conditions.
Least developed countries and developing countries
having less than US$ 1000 per capita GNP are exempted
from discipline of prohibited subsidies.
38
39. ASCM and DISCIPLINE ON EXPORT SUBSIDIES
-Export subsidies generally prohibited
--Prohibition not applicable to ANNEX VII countries
which includes India provided “Export
Competitiveness” in a product not reached;
(Export Competitiveness –Export of the product
reached a share of at least 3.25% in world trade of
that product for two consecutive calendar years–
Phase out over a period of 8 years)
--However export subsidies granted by ANNEX VII
countries can be subject to countervailing duty 39
action.
40. Electronic Data Interchange (EDI) Initiatives
• One of the first Government Departments to
enable online processing of applications.
• DGFT website updated on daily basis.
• All DGFT Offices computerised and networked
to the DGFT – NIC Server.
• Applications for Export / Import are made online
with digital signature and Electronic Fund
Transfer Facility.
40
41. Home Page of DGFT Website
(return to Next slide in the Main Presentation) 41
42. Foreign Trade Policy – 2009-14
New Initiatives
Higher Support for Market and Product
Diversification
• 26 new markets added under FMS
(16 in Latin America, 10 in Asia-Oceania)
• Incentive under FMS raised from
2.5% to 3%.
• Incentive under FPS raised from
1.25% to 2%.
42
43. Foreign Trade Policy – 2009-14
New Initiatives
Higher Support for Market and Product Diversification (contd.)
• New products under FPS - Engineering products Plastic (value added
products), Jute and Sisal products, Technical Textiles, Green Technology
products Project goods, vegetable textiles and certain Electronic items.
• New products/markets under MLFPS - Pharmaceuticals, Synthetic textile
fabrics, value added rubber products, value added plastic goods, textile
madeups, knitted and crocheted fabrics, glass products, certain iron and steel
products and certain articles of aluminium among others. Benefits to these
products will be provided, if exports are made to 13 identified markets (Algeria,
Egypt, Kenya, Nigeria, South Africa, Tanzania, Brazil, Mexico, Ukraine,
Vietnam, Cambodia, Australia and New Zealand).
• The above markets also included for existing products i.e. Auto Components,
Motor cars, Bicycles & Parts, Apparels.
43
44. Foreign Trade Policy – 2009-14
New Initiatives
Stability/ continuity of the Foreign Trade
Policy
• DEPB Scheme extended beyond 31-12-2009 till 31.12.2010.
• Interest subvention of 2% for pre-shipment credit for 7 specified
sectors has been extended till 31.3.2010 in the Budget 2009-10.
• Income Tax exemption to 100% EOUs and to STPI units under
Section 10B and 10A of Income Tax Act, has been extended for the
financial year 2010-11 in the Budget 2009-10.
• The adjustment assistance scheme initiated in December, 2008 to
provide enhanced ECGC cover at 95%, to the adversely affected
sectors, is continued till March, 2010.
44
45. Foreign Trade Policy – 2009-14
New Initiatives
Gems & Jewellery Sector
• To neutralize duty incidence on gold Jewellery exports,
Duty Drawback to be allowed.
• A new facility for import on consignment basis of cut &
polished diamonds for the purpose of grading/ certification
purposes has been introduced [Branch of Gemological
Institute of America (GIA) at Mumbai has been notified for
the purpose].
• In an endeavour to make India a diamond international
trading hub, plans are to establish “Diamond Bourse (s)”.
45
46. Foreign Trade Policy – 2009-14
New Initiatives
Pharmaceutical Sector
• Pharma sector extensively covered under
MLFPS for countries in Africa and Latin America;
some countries in Oceania and Far East.
• Export Obligation Period for advance
authorizations issued with 6-APA as input
increased from the existing 6 months to 36
months.
46
47. Foreign Trade Policy – 2009-14
New Initiatives
Agriculture Sector
• To reduce transaction and handling costs,
a single window system to facilitate export
of perishable agricultural produce has
been introduced. The system will involve
creation of multi-functional nodal agencies
to be accredited by APEDA.
47
48. Foreign Trade Policy – 2009-14
New Initiatives
Thrust to Value Added Manufacturing
• Coverage of Project Exports and a large number
of manufactured goods under FPS and MLFPS.
• To encourage Value Added Manufactured
export, a minimum 15% value addition on
imported inputs under Advance Authorization
Scheme has now been prescribed.
48
49. Foreign Trade Policy – 2009-14
New Initiatives
Flexibility provided to exporters
• Payment of customs duty for Export Obligation (EO) shortfall allowed
through debit of Duty Credit scrips. Earlier the payment was allowed in cash
only.
• Import of restricted items, as replenishment, shall now be allowed against
transferred DFIAs.
• Time limit of 60 days for re-import of exported gems and jewellery items, for
participation in exhibitions extended to 90 days in case of USA.
• Transit loss claims received from private approved insurance companies in
India allowed for the purpose of EO fulfillment, as against only public sector
general insurance companies earlier.
49
50. Foreign Trade Policy – 2009-14
New Initiatives
Waiver of Incentives Recovery, On RBI
Specific Write off
In cases, where RBI specifically writes off the export
proceeds realization, the incentives under the FTP
shall now not be recovered from the exporters
subject to certification by the Indian missions
abroad and the RBI.
50
51. Foreign Trade Policy – 2009-14
New Initiatives
Simplification of Procedures
• Exemption from payment of excise duty up to two stages rather than refund,
for supply against advance authorisation. Earlier, exemption was allowed upto
one stage only.
• Greater flexibility for conversion of Shipping Bills from one Export Promotion
scheme to other scheme. Customs shall now permit this conversion within
three months, instead of one month stipulated earlier.
• Regional Authorities authorised to issue licences for import of sports weapons
by ‘renowned shooters’, on the basis of NOC from the Ministry of Sports &
Youth Affairs.
• The procedure for issue of Free Sale Certificate has been simplified and the
validity of the Certificate has been increased from 1 year to 2 years.
• Automobile industry, having their own R&D establishment, would be allowed
free import of reference fuels (petrol and diesel), upto a maximum of 5 KL per
annum.
51
52. CERTIFICATES / AUTHORISATIONS ISSUED BY
REGIONAL OFFICES OF DGFT.
• IEC Number
• Authorisations under Duty Neutralization Schemes and Export
Promotion Schemes (Incentive Schemes)
• Import licences for Restricted Items
• Export Licences including SCOMET licences
• Status Certificates
• Preferential (GSP) & Non-preferential certificates of origin
• Tariff rate quota allocation
• Authorisations for Imports at concessional duty for R& D
purpose for Pharmaceuticals and Bio-technology Sectors
• Authorisation for Duty Free import of consumables by Gems &
Jewellery Sector
• Terminal Excise Duty (TED) refund and Duty Drawback on
deemed exports
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53. Criteria for recognition of status
Status Category Export Performance FOB/
FOR Value
(Rupees in Crores)
Export House (EH) 20
Star Export House (SEH) 100
Trading House (TH) 500
Star Trading House (STH) 2500
Premier Trading House (PTH) 7500
About 4000 Status Holders, including about a dozen PTH.
(return to Next slide in the Main Presentation)
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54. Major contributions from CAs:
--Status Certificate issuance– Export figures (ANF 3A)
-- Duty Neutralisation Schemes:
App. 23 for Adv Authorisation & DFIA
EPCG Scheme – ANF 5A to 5D; Append. 26 & 26A
Gems & Jewellery Scheme– ANF 4 I
-- Reward Schemes:
Export certification for all schemes
-- Turnover cft for Marble import entitlement etc
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55. IMPACT OF GLOBAL ECONOMIC CRISIS
MODERATE
• Relatively lower share of exports to GDP
Country Share of exports to GDP
(Percent)
OECD 58
CHINA 35
INDIA 22
• Strong demand stimulus
– Farm Loan waiver
– Higher food procurement prices
– Sixth Pay Commission
– Increased Infrastructure spending
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56. Impact Assessment
• GDP growth figures for India for 2008 is 5.4%; and it has
been projected at a higher level of 6.5% for the Year 2009,
with due credit to Stimulus Measures announced by the
Government of India and the RBI.
• IIP figures for May, 2009 onwards show that certain
industrial sectors like steel, commercial vehicles, cement,
two wheelers, intermediate goods etc have started looking
up.
• Rate of decline in export growth is somewhat reducing,
which indicates that while the impact of global recession is
still continuing on our exports, the stimulus packages have
started showing their impact in arresting the steep decline in
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exports.
57. Details available in the site:
Department of commerce:
http://commerce.nic.in
DGFT: http://dgft.gov.in
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