(Representative image) Order books of Indian exporters have begun shrinking as inventories pile up in key export destinations on low demand. Order books have shrunk 15-20% for leather and footwear, while in yarn, volumes have witnessed a sharp 70% fall. High inflation in the US and the EU slowed take off for cotton yarn, ready-made… Continue reading Exporters’ order books begin to shrink due to low demand in key markets
Author: Economic Times of India Online News
Labor unrest disrupts supply chains from sky to sea
Each wave of supply shock to hit the global economy during the pandemic seems to produce a different scapegoat. First came the shipping container shortage of late 2020, caused largely by American consumers stocking up on everything from backyard games to home-office equipment. In 2021, companies overordered parts and products to avoid running out, while… Continue reading Labor unrest disrupts supply chains from sky to sea
IMF chief says ‘cannot rule out’ possible global recession
International Monetary Fund chief Kristalina Georgieva The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had “darkened significantly” since April and she could not rule out a possible global recession next year given the elevated risks. IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade… Continue reading IMF chief says ‘cannot rule out’ possible global recession
Faceless scheme: Importers can complain online for delay in clearance of Bill of Entry
The importers may now submit their grievances for the delay in the bill of entry (BE) clearance, anonymously under faceless assessment, a move which will ensure quicker clearance of goods. The Central Board of Indirect Taxes and Customs (CBIC) has issued an advisory for Anonymised Escalation Mechanism under faceless assessment, to resolve their grievances in… Continue reading Faceless scheme: Importers can complain online for delay in clearance of Bill of Entry
Hiring intent for July-Sept quarter rises to 61%: Report
A rise in public investment in production linked incentive scheme (PLI) has resulted in a growth in hiring intent for July-September as 61% of companies surveyed said they are keen to hire more, according to a report. The overall intent to hire witnessed a 7 percentage point increase during July-September to 61% from 54% during… Continue reading Hiring intent for July-Sept quarter rises to 61%: Report
The next frontier for drones: letting them fly out of sight
For now, a small but growing group of power companies, railways and delivery services like Amazon are leading the way with special permission to fly drones “beyond visual line of sight.” REMINGTON, Va. – For years, there’s been a cardinal rule for flying civilian drones: Keep them within your line of sight. Not just because… Continue reading The next frontier for drones: letting them fly out of sight
Nod for 80 FDI proposals from China entities
It is not clear as to how many proposals have been rejected. India has approved 80 Foreign Direct Investment (FDI) proposals involving Chinese entities as on June 29, according to data accessed through Right to Information (RTI). The government received 382 proposals from the Chinese in all for consideration since India imposed restrictions on investments… Continue reading Nod for 80 FDI proposals from China entities
Re may face more heat as repayments worth $267 bn of $621 bn external debt come up
The rupee, which Tuesday fell to a new record low on unabated withdrawals by portfolio investors amid tightening global monetary conditions, could face further pressure as record external debt comes up for repayment through the course of this fiscal year and the next and India’s trade gap widens. More than 40%, or $267 billion worth… Continue reading Re may face more heat as repayments worth $267 bn of $621 bn external debt come up
NHAI InvIT likely to raise up to Rs 4,000 crore via two legs
“The plan has been chalked out for the two-legged fundraising,” one of the people told ET. It is in an early stage with the sponsor, NHAI, preparing a roadmap for the same. State-run National Highways Authority of India (NHAI) is planning to raise up to Rs 4,000 crore for its infrastructure investment trust (InvIT), which… Continue reading NHAI InvIT likely to raise up to Rs 4,000 crore via two legs
No electric vehicles charging station? Noida won’t approve building plans from now
NOIDA: The Noida Authority will now not approve any building plan unless there is provision for setting up charging stations for electric vehicles. The authority has amended its Building Manual, 2010, under which charging stations should occupy at least 20% of the parking area. The move, officials feel, will persuade people to invest in electric… Continue reading No electric vehicles charging station? Noida won’t approve building plans from now