U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to India have been rare, with just a few deliveries since the U.S. lifted its ban on crude exports in late 2015.
"Two factors contributed for higher shipments in 2016-17. Firstly, there was enough domestic supply to meet the export demand as the domestic output was record in 2015-16. Also, global prices were better," a senior Board official told PTI.
"Therefore, we are putting in place all the policy frameworks. We are studying sector by sector and we are finding out wherever there is a scope for improvement," he told reporters here on the sidelines of the World Economic Forum's (WEF) India Economic Summit.
The company had sold 46,130 units in the same month last year, the company said in a statement.
China imported 1.6 million tonnes of coal from North Korea, according to data from Beijing's General Administration of Customs, the first since February when Beijing banned purchases of the fuel from its northern neighbour.
"Six groups will be formed to prepare the groundwork for that meeting. They would submit their reports to the minister, which will be discussed on October 6," the government official, who did not want to be named, said.
As per the amendments in Hand Book of Procedures (2015- 20), the directorate general of foreign trade (DGFT) said that at the time of exports of gems and jewellery parcel by post, the exporter will have to submit documents including shipping bills or tax invoice as per the GST rules.
The committee will take up the issue of delays in GST refunds to exporters and the resultant shortage in working capital
Realisation from exports stood at Rs 11,621.97 per tonne in the said period. The total value of exports stood at Rs 1,098.58 crore and the volumes 9.45 lakh tonnes in April-June of 2017-18, according to the data maintained by the National Horticultural Research and Development Foundation (NHRDF).
"Reduction of the GST rate on supply of scrips like merchandise exports from India scheme (MEIS), service exports from India scheme (SEIS), duty free import authorisation (DFIA) from 12 per cent to 5 per cent follows the fitment formula adopted by the Council," FIEO president Ganesh Kumar Gupta said in a statement issued here.
The data underscores the Bank of Japan's view the world's third-largest economy is showing increasing signs of strength as private consumption adds momentum to an export-led recovery.
In the April-June quarter of last financial year, the sector's exports aggregated to USD 8.84 billion, according to the data from Gems and Jewellery Export Promotion Council (GJEPC).
The rupee has risen more than six per cent this year against the dollar. This is in contrast to six consecutive years of depreciation.
China is expected to report another strong month of exports in July, according to a Reuters poll of analysts, which could play into increasing rhetoric from Washington that China unfairly benefits in the trade relationship.
By developing proper supply chain management, agriculturists can be given access to airports and railway stations to sell off their produce at reasonable prices
Indian demand for UK's premium cars rose 8.3 per cent in the first half of 2017. Over the same period, the number of Indian-built models registered by British buyers rose by almost half (48.6 per cent) to 21,135 units.
The country's shipments to China stood at USD 282 million in the April-June quarter of the previous fiscal.
The European Commission has brought down the maximum residue limit (MRL) level for fungicide Tricyclazole in basmati rice to 0.01 mg per kg from next year.
The region should now grow by 5.9 per cent this year and 5.8 per cent in 2018, the Manila-based lender said in a report.
"India, while striving to improve its economic growth, has been enacting a series of policies to increase domestic manufacturing and protect domestic industries and agricultural production that discriminate against US exports and investment," the House Appropriations Committee said in its report accompanying the annual Appropriations Bill 2018.
"The Indian pharmaceutical industry is likely to face competition from other countries to get ANDA (Abbreviated New Drug Application) approval. Apart from this, the Indian pharma companies will continue to witness pricing pressure in the US generics market due to consolidation of distribution channels and increase in competition.
Exports grew 8.2 percent from June last year, data from trade agency International Enterprise Singapore showed on Monday, beating a Reuters poll that predicted a 4.1 percent expansion.
"India's consumption of total finished steel saw a growth of 4.6 per cent in April-June 2017 at 20.999 mt (million tonne) over same period of last year, under the influence of a rising production for sale," the report said.
The study also warns of a continued slowdown in global growth over the coming decade. India and Uganda top the list of the fastest growing economies to 2025, at 7.7 per cent annually.
In April-May last year, the sector's exports aggregated to USD 6.1 billion, according to the data from Gems and Jewellery Export Promotion Council (GJEPC).