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EDPMS
EEPC India lauds reforms by RBI to ease compliance burden for small exportersThe RBI has eased Merchanting Trade Transaction rules, extending foreign exchange outlay to six months, and simplified EDPMS/IDPMS entry cl...- Forex rules relaxed to help export, import processingIn another relief, RBI has simplified the closure of small-value transactions. The earlier relaxation for exporters under the Export Data P...
- RBI announces measures to help exporters amid high US tariffsThe Reserve Bank of India announced steps to support exporters. This action addresses challenges from US tariffs. The RBI extended the repa...
- FIEO seek RBI intervention; exporters facing challenges from high tariffs, input cost inflationFIEO urged the RBI to address challenges faced by exporters, including rising tariffs and demand volatility. They requested flexible credit...
- Payment woes, compliance burden hampering export potential of MSME e-commerce: ExpertsTo streamline export reconciliation, industry leaders emphasised that EDPMS, DPMS, and RBI must communicate more frequently with one anothe...
- Ecommerce export credit card in works to aid exportersThe Indian government is planning to introduce a credit card scheme, similar to the Kisan Credit Card, to support e-commerce exporters with...
- From friction to flight: Unblocking India’s startup and innovation ecosystemThe article highlights the need for India to address systemic challenges hindering startup growth. It suggests short-term measures like str...
- Banks get tough on write-off of service export receivablesBanks are now closely scrutinizing write-offs of service export receivables due to suspicions of money parking abroad. Regulations permit l...
- Banks asked to ease compliances for exports up to $1,000The Reserve Bank of India (RBI) has simplified export procedures for shipments up to $1,000, benefiting small exporters, especially in e-co...
- RBI issues draft norms to rationalise export-import transactionsBanks under new regulations can flag exporters with outstanding amounts, ensuring timely realization of proceeds. Transparency and efficien...
- Now transfer your shares to anyone through off market transfer just like money transfer in net bankingDemat account share transfer: The process for transferring shares from demat account using off-market transfer process has been revised. Th...
- India's e-commerce exports have a lot to complain about banking issuesA report by the Global Trade Research Initiative (GTRI) highlights the banking issues are hindering the growth of e-commerce exports from I...
- Review exporter caution-listing: RBI PanelThe age-old mechanism of placing exporters who fail to bring in foreign exchange in time on the 'caution list' may be examined. An internal...
- TreZix integrates with Centre's ULIP initiative to solve reconciliation issues faced by exporters, importersThe TreZix platform is expected to ease processes like the bill of entry and shipping with the help of ULIP data.
- Easy documentation, increasing awareness, role of post offices to help boost e-commerce exports: ReportIndian e-commerce exports should see measures implemented such as raising the 9-month limit on receiving payments, easier documentation and...
- Standard Chartered launches digital solution to help businessesThe bank has a Trade GoDigital Solution, an integrated solution giving clients visibility of their export transactions so that they can dig...
- Relief to exporters: RBI discontinues automatic caution-listing systemExports have been adversely impacted by the pandemic-related contraction in external demand, RBI Governor Shaktikanta Das said during a vir...
- Less paper work for customs clearance from December 1Air Cargo Complex, ICDs and CFCs have been asked to issue Public Notice saying that importers and exporters would not be required to submit...
- Exporters can be put on caution list on ED, CBI action: RBIRBI today said exporters can be put on a "caution" list in case the trader is not making any efforts for realisation of export proceeds.
- HTC Global to work with RBI on export data processingHTC Global Services today said it will work with the Reserve Bank for developing an Export Data Processing and Management System (EDPMS).
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