The stubbornness of the authorities has impacted exports. Factory owners feel the future of their business is at stake as overseas buyers cancel orders

The Goa Handicraft, Rural and Small Scale Industries Development Corporation (GHRSSIDC), Kadamba Transport Corporation (KTC), Goa Electronics Ltd (GEL) and Goa Auto Accessories Ltd (GAAL) have plunged into the red, according to the latest CAG report

Union Budget 2020: The hike in import duty is expected to affect goods such as candles, handicraft items, industrial chemicals, jewellery, lamps, mobile phone chargers and wooden furniture

Budget 2020: Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, lamps, wooden furniture, candles, jewellery and handicraft items

The KCCI president said the government should own responsibility for the losses and take steps to mitigate the sufferings of the traders.

This was stated by MD and CEO of UCO Bank, Atul Kumar Goel after the State Level Bankers Committee (SLBC) meeting

Rediscovery through holistic wellness is finding more takers

The export community has identified a host of external conditions that are also responsible for the decline in exports, including sluggish global demand and rising tariff war

A Rs 20,000 crore fund, with government putting in half of the amount, will be set up to provide last-mile funding for housing projects that are not in bankruptcy court or already tagged as bad debt, Nirmala Sitharaman said at a press conference

Union Finance Minister Nirmala Sitharaman announced introduction of remission of duties for export products (RoDTEP) to replace the existing merchandise exports from India scheme (MEIS). Revenue foregone for implementation of RoDTEP would be Rs 50,000 crore