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FIEO urges govt to announce measures to boost country’s outbound shipments

Newdelhi:2/07/19:Federation of Indian Export Organisations, FIEO today urged the government to announce various measures such as employment-linked income tax benefits and set up a fund for marketing purposes to boost the country’s outbound shipments in the upcoming Budget.

FIEO also demanded tax deduction on Research and Development investments, cut in corporate tax, reducing customs duty on capital goods which are not produced in the country, and higher budgetary allocations for the Department of Commerce.

In a statement, the Federation said, it has urged the government to provide income tax relief to units which provide additional employment in export sector. It said that incentives should also be provided based on twin criteria of incremental growth in exports and workers. The country’s exports grew by 9 per cent to 331 billion US Dollars in 2018-19.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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