Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Rate hike big negative for exporters: EEPC.

Date: 02-08-2018
Subject: Rate hike big negative for exporters: EEPC
The 25 basis points increase in the interest rate by Reserve Bank of India is a big negative for exporters, the engineering export promotion body said here today.

"With the rate hike they (exporters) would become less competitive in a tough global market that is already facing the threat of tariff war," EEPC India chairman Ravi Sehgal said in a statement.

"While the RBI Governor Dr Urjit Patel has himself pointed towards increased global risks including the trade war and widening trade deficit, making higher export growth imperative, the rate of borrowing has been moving up. That is certainly not a good news for exporters," he said.

In fact the cost of borrowing is adding to the overall cost of production for exporters, particularly in the engineering sector, due to rising prices of raw material like steel, he said.

If the GDP growth has to be pushed up to the levels as estimated by the RBI, the exporters need to be supported , like their competitors countries like China, he added.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 21-01-2021
Notification No.05/2021 - Customs (N.T.)
Exchange rate Notification No.05/2021-Cus (NT) dated 21.1.2021.

Date: 19-01-2021
Circular No. 1077/01/2021 - CX
Strict compliance to Limitation while filing Appeals/Petitions before Courts/ Tribunal -reg.

Date: 18-01-2021
Notification No. 8/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 18-01-2021
Notification No. 7/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 15-01-2021
Trade Notice No. 38/2020-21
Introduction of online e-PRC System for Application seeking Policy/Procedure relaxation in terms of Para 2.58 of FTP 2015-20

Date: 14-01-2021
Circular No.01/2021-Customs
Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh-Waiver of bank guarantee –reg.

Date: 14-01-2021
Instruction No.01/2021-Customs
Requirement of filing of Bill of Coastal Goods (BCG) –reg.

Date: 14-01-2021
Notification No. 04/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 14-01-2021
Notification No. 05/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 12-01-2021
Notification No. 02/2021 - Central Tax
Seeks to make amendment (2021) to CGST Rules, 2017.

Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001