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  • Commerce ministry starts COVID-19 helpdesk to resolve import, export issues Apr 26, 2021 03:12 PM IST

    Commerce ministry starts COVID-19 helpdesk to resolve import, export issues

    The Directorate General of Foreign Trade (DGFT), an arm of the ministry, took this initiative to monitor the status of exports and imports, and difficulties being faced by trade stakeholders in view of the surge in COVID-19 cases.

  • Processed food products exports up 26.51% during April-February 2020-21: Govt data Apr 23, 2021 09:29 PM IST

    Processed food products exports up 26.51% during April-February 2020-21: Govt data

    Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman M Angamuthu said this trend of increasing exports of processed food products is likely to continue in 2021-22.

  • Exports from Indore SEZ jump 24.5% to Rs 11,944 crore in 2020-21 Apr 09, 2021 09:03 PM IST

    Exports from Indore SEZ jump 24.5% to Rs 11,944 crore in 2020-21

    The exports had stood at around Rs 9,600 crore in 2019-20, the official of the Ministry of Commerce and Industry said.

  • Exclusive | Lack of funds may end government incentives for services exports Mar 30, 2021 04:46 PM IST

    Exclusive | Lack of funds may end government incentives for services exports

    Facing a funds crunch, and under international pressure by the WTO to realign the benefits it gives traders, the government had suspended the Merchandise Exports from India scheme (MEIS). Now, a similar scheme focusing on services exports may face the axe.

  • Commerce Ministry to launch 'Atmanirbhar Niveshak Mitra' portal for domestic investors; here are the details Mar 12, 2021 07:06 PM IST

    Commerce Ministry to launch 'Atmanirbhar Niveshak Mitra' portal for domestic investors; here are the details

    The portal is in the testing phase and the final version will be ready for launch by May 15, 2021.

  • Exclusive | Exporters yet to receive tax refunds of Rs 25,000-30,000 crore from Centre as liquidity crisis hits hard: FIEO Feb 18, 2021 12:47 PM IST

    Exclusive | Exporters yet to receive tax refunds of Rs 25,000-30,000 crore from Centre as liquidity crisis hits hard: FIEO

    The government's largest export incentive policy, the Merchandise Exports from India Scheme (MEIS), has been discontinued from January 1, 2021. Covering upto 75 per cent of India's total exports, it was a crucial support to exporters. Now, even as tax refunds under MEIS remain stuck with the government, exporters say that it's replacement, the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, is unfinished and insufficient.

  • India's exports up 6.16% in January, trade deficit narrows to $14.54 billion Feb 15, 2021 06:46 PM IST

    India's exports up 6.16% in January, trade deficit narrows to $14.54 billion

    Exports during April-January this fiscal dipped by 13.58 percent to $228.25 billion, while imports declined by 25.92 percent to $300.26 billion.

  • Exports rise 5.37% in January; trade deficit narrows to $14.75 billion Feb 02, 2021 04:09 PM IST

    Exports rise 5.37% in January; trade deficit narrows to $14.75 billion

    The trade deficit during the month narrowed to $14.75 billion from $15.3 billion in January 2020. It was $15.44 billion in December 2020.

  • Commerce Ministry, urban affairs ministries to work on logistics planning in cities Jan 20, 2021 07:10 PM IST

    Commerce Ministry, urban affairs ministries to work on logistics planning in cities

    The decision was taken during the National Conference with States on Logistics on Tuesday to initiate a consultative and collaborative framework for the central and state governments to work in a coordinated manner in the logistic sector.

  • SC seeks reply from Centre, 61 firms on PIL alleging duty evasion in iron ore exports to China Jan 15, 2021 09:02 PM IST

    SC seeks reply from Centre, 61 firms on PIL alleging duty evasion in iron ore exports to China

    It said export duty evasion on iron ore export to China has been continuing since 2015 and the Centre, on being told about this, did not issue even show cause notice to them and refused to stop said smuggling.

  • Commerce Ministry seeks financial support from FinMin for VRS scheme of MMTC Jan 03, 2021 07:09 PM IST

    Commerce Ministry seeks financial support from FinMin for VRS scheme of MMTC

    According to sources in the Commerce Ministry, which is the nodal ministry of MMTC, the ministry has sent a proposal regarding this to the Finance Ministry.

  • Exports slip 0.8% in December 2020; trade deficit widens to $15.71 billion Jan 02, 2021 11:10 AM IST

    Exports slip 0.8% in December 2020; trade deficit widens to $15.71 billion

    Exports in December 2019 was $27.11 billion, while imports stood at $39.5 billion.

  • Three US firms currently engaged with domestic companies for mass production of COVID-19 vaccines: Commerce Ministry Dec 30, 2020 08:20 PM IST

    Three US firms currently engaged with domestic companies for mass production of COVID-19 vaccines: Commerce Ministry

    The ministry added that COVID-19 has led to increased trade and cooperation between India and the US.

  • Import monitoring system being developed for several sectors: Commerce Ministry Dec 30, 2020 07:43 PM IST

    Import monitoring system being developed for several sectors: Commerce Ministry

    The system would help gather advanced information on imports of these products and make it available to the stakeholders, including government and domestic industries.

  • Exclusive| Government mulls new national policy to bring down logistics cost by 5% Dec 22, 2020 03:37 PM IST

    Exclusive| Government mulls new national policy to bring down logistics cost by 5%

    The government is also working on a National Logistics Efficiency and Advancement Predictability and Safety Act and this law tends to define various participants of the logistics space and create a light regulatory ecosystem.

  • AEPC urges commerce ministry to start talks for preferential trade deal with UK to boost exports Nov 18, 2020 01:22 PM IST

    AEPC urges commerce ministry to start talks for preferential trade deal with UK to boost exports

    Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said that the agreement would help in removing the customs duty disadvantages faced by domestic players in the UK.

  • Govt in final stage of drafting e-commerce  policy, says Union Minister Som Parkash Oct 28, 2020 08:49 PM IST

    Govt in final stage of drafting e-commerce policy, says Union Minister Som Parkash

    Trade, e-commerce and FMCG companies have a huge presence in India along with a large consumer base that provides numerous opportunities for every player in this sector.

  • Piyush Goyal says exports will increase if products are good, subsidies not only solution Oct 05, 2020 08:16 PM IST

    Piyush Goyal says exports will increase if products are good, subsidies not only solution

    Addressing a webinar organised by the EXIM Bank on Saturday, Goyal said sectors having the potential to become globally competitive needed to be identified.

  • Import of all iron, steel items need compulsory registration now under SIMS: Govt Sep 28, 2020 10:25 PM IST

    Import of all iron, steel items need compulsory registration now under SIMS: Govt

    The Directorate General of Foreign Trade (DGFT), under the commerce ministry, said that "import" of these products "shall now require compulsory registration" under the SIMS.

  • Eight core industries output contracts for fifth consecutive month in July Aug 31, 2020 03:45 PM IST

    Eight core industries output contracts for fifth consecutive month in July

    Barring fertiliser, all seven sectors -- coal, crude oil, natural gas, refinery products, steel, cement and electricity -- recorded negative growth in July.

  • India to take equal, proportional measures if other countries impose trade barriers: Piyush Goyal Aug 14, 2020 06:50 PM IST

    India to take equal, proportional measures if other countries impose trade barriers: Piyush Goyal

    Goyal said India will have to plan its own measures whether it is by way of anti-dumping duty or some restrictions. "We will have to take equal and proportional measures to protect India's domestic manufacturing."

  • India's July trade deficit in goods at $4.83 billion: Commerce Ministry Aug 14, 2020 06:20 PM IST

    India's July trade deficit in goods at $4.83 billion: Commerce Ministry

    Merchandise imports contracted 28.40 percent in July to $28.47 billion from a year ago while exports fell 10.21 percent to $23.64 billion.

  • DGTR recommends CVD on certain steel product imports from Indonesia Aug 09, 2020 07:20 PM IST

    DGTR recommends CVD on certain steel product imports from Indonesia

    The domestic industry has suffered material injury due to subsidisation of the product and therefore it is necessary to recommend imposition of provisional countervailing duty on these imports, the DGTR has said in a notification.

  • Eight core industries' output contracts 15% in June Jul 31, 2020 08:13 PM IST

    Eight core industries' output contracts 15% in June

    The output of coal, crude oil, natural gas, refinery products, steel, cement and electricity declined by 15.5 percent, 6 percent, 12 percent, 8.9 percent, 33.8 percent, 6.9 percent, and 11 percent, respectively.

  • Govt imposes safeguard duty on solar cells for one more year till July 2021 Jul 30, 2020 01:55 PM IST

    Govt imposes safeguard duty on solar cells for one more year till July 2021

    The move followed recommendation by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) for continued imposition of the duty for one more year.

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