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29-1-2015 Meeting

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Artisans E commerce

Two years ago, Ganga was a worker in a small textile unit in Bihar, trying to make ends meet with her monthly salary. But today she earns earns 3-4 lakh a week selling Madhubani painted handbags online on Limeroad.com. Similarly, 22-year-old Jaichand Gupta from Madhya Pradesh has returned to his family business of making Maheswar sarees.

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And then there were 3: number of export documents set to come down

The paperwork involved in exporting and importing goods is set to come down significantly from the next fiscal year. The move will cut down transaction costs and time for industry and also improve the country’s global ranking in the World Bank’s ‘ease of doing business’ index. “The Revenue Department has recently agreed to bring down the number of mandatory documents required for exports to three in the new fiscal year from the seven cited in the World Bank’s report,” an official at the Directorate General of Foreign Trade (DGFT) told BusinessLine .

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Interest Subvention

Exporters met Finance Minister Arun Jaitley on Tuesday and sought an extension of the interest subvention scheme that lapsed at the end of the last fiscal year. They also demanded exemption from payment of service tax on services consumed for export purposes.

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