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04 Sep, 2025 News Image GST Council approves faster export refunds for claims below Rs. 1,000.
In a decision that will benefit small exporters, the GST Council has approved faster export refund claims for those with refunds below Rs.1,000. Around 150,000 shipping bills currently pending are expected to be cleared under this provision. 'This will help small exporters which make exports through the courier and postal mode,' the council said.
 Source:  economictimes.indiatimes.com
04 Sep, 2025 News Image Govt likely to roll out four schemes to help exporters facing 50% US tariffs: Report.
The Centre is preparing a package of support measures for exporters reeling under Washington’s steep tariff hike, with the Union Cabinet expected to discuss the proposal on Wednesday, reported Business Standard. According to officials, the plan could involve as many as four schemes, most of them centred on credit and liquidity support, to soften the impact of the 50 per cent punitive duty imposed by the Donald Trump administration on Indian-origin goods. 'The Cabinet may take up the proposal on Wednesday. It will be in line with the credit guarantee schemes announced during the Covid period, especially for the micro, small and medium enterprises (MSMEs),' a government official told BS, requesting anonymity.
 Source:  economictimes.indiatimes.com
04 Sep, 2025 News Image Union Minister of Commerce and Industry Shri Piyush Goyal Chairs Meeting with Exporters on Global Trade Dynamics.
Union Minister of Commerce and Industry, Shri Piyush Goyal, chaired a meeting with Export Promotion Councils (EPCs) and Industry Associations today to address rising global tariffs, explore solutions, and chart a path forward amid shifting trade dynamics. The meeting saw the participation of representatives of EPCs and Industry Associations, senior officials from the Department of Commerce, and the Directorate General of Foreign Trade (DGFT).
 Source:  pib.gov.in
04 Sep, 2025 News Image Union Minister of Commerce & Industry Shri Piyush Goyal meets German Foreign Minister Dr. Johann David Wadephul.
Union Minister of Commerce & Industry, Shri Piyush Goyal, today held a meeting with Dr. Johann David Wadephul, Hon’ble Minister for Foreign Affairs of the Federal Republic of Germany, who is on an official visit to India. The discussions focused on strengthening bilateral trade and investment ties and identifying new areas of cooperation in innovation, sustainability, technology and other sectors of mutual interest.
 Source:  pib.gov.in
04 Sep, 2025 News Image Agri sector should grow at 5% to ensure 8% economic growth in India, says NITI Aayog’s Ramesh Chand.
For India to achieve its goal of becoming a ‘Viksit Bharat’ (developed nation) by 2047, the agriculture sector must grow at a rate of 5 per cent. 'If this 5 per cent agricultural growth is not achieved, India will not be able to reach its national development goal. It (5 per cent growth in agri) is essential to support the overall 8 per cent economic growth required for ‘Viksit Bharat’,' said Ramesh Chand, Member of NITI Aayog.
 Source:  thehindubusinessline.com
04 Sep, 2025 News Image Piyush Goyal assures help to exporters to deal with global trade uncertainties.
Commerce and Industry Minister Piyush Goyal on Wednesday assured exporters to support them in dealing with steep tariffs imposed by the US, an official said. He also reaffirmed the government's commitment to safeguarding the interests of Indian exporters amid the evolving global trade scenario.
 Source:  economictimes.indiatimes.com
04 Sep, 2025 News Image 'India’s onion exports revive after policy-induced slump'.
Dhumal attributes the drop in export demand to policy interventions aimed at addressing domestic production and supply challenges. 'Since 2023, weather and water scarcity challenges in major onion growing regions across India reduced national yields by 25–40%, prompting the Indian government to impose a 40% export duty in August 2023 for stabilizing domestic supply. This year, farmers in Maharashtra, Madhya Pradesh, Karnataka, Gujarat, and Rajasthan achieved near-full yields, leading to the duty's removal in April 2025 and consequent revival of international trade.'
 Source:  freshplaza.com
04 Sep, 2025 News Image Govt sets up committee to examine tax, export clearance issues of manufacturing sector.
The government has set up a committee to examine the tax and export clearance issues being faced by manufacturing units and suggest measures to further streamline the system amid high tariffs imposed by the US, an official has said. The committee includes representatives from the finance ministry, Department for Promotion of Industry and Internal Trade (DPIIT), Department of Commerce, Directorate General of Foreign Trade (DGFT), and the RBI.
 Source:  economictimes.indiatimes.com
04 Sep, 2025 News Image India, China have become net exporters of frozen processed potato products, says RaboResearch.
India and China have turned net exporters of frozen processed potato products from net importers, with the global potato market undergoing a significant transformation, according to RaboResearch. An agriculture research arm of Rabobank, RaboResearch, pointing to the world potato map it published recently, said the global potato market is experiencing a significant transformation, with frozen potato products taking centre stage
 Source:  thehindubusinessline.com
04 Sep, 2025 News Image India raises exporters’ mobility, visa, non-tariff barriers issues in EU with Germany.
India on Wednesday raised issues such as migration, mobility, streamlining visa processes and non-tariff barriers being faced by domestic exporters in the EU including in Germany, the government said. The issues were flagged during a meeting between commerce and industry minister Piyush Goyal with Germany's Minister for Foreign Affairs Johann David Wadephul here, who is on an official visit to India and both sides agreed to work together to resolve these issues and facilitate smoother trade flows.
 Source:  economictimes.indiatimes.com