Apr 26, 2021 03:12 PM IST
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.
- Apr 23, 2021 09:29 PM IST
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.
- Apr 09, 2021 09:03 PM IST
The exports had stood at around Rs 9,600 crore in 2019-20, the official of the Ministry of Commerce and Industry said.
- Mar 30, 2021 04:46 PM IST
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.
- Mar 12, 2021 07:06 PM IST
The portal is in the testing phase and the final version will be ready for launch by May 15, 2021.
- Feb 18, 2021 12:47 PM IST
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.
- Feb 15, 2021 06:46 PM IST
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.
- Feb 02, 2021 04:09 PM IST
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.
- Jan 20, 2021 07:10 PM IST
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.
- Jan 15, 2021 09:02 PM IST
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.
- Jan 03, 2021 07:09 PM IST
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.
- Jan 02, 2021 11:10 AM IST
Exports in December 2019 was $27.11 billion, while imports stood at $39.5 billion.
- Dec 30, 2020 08:20 PM IST
The ministry added that COVID-19 has led to increased trade and cooperation between India and the US.
- Dec 30, 2020 07:43 PM IST
The system would help gather advanced information on imports of these products and make it available to the stakeholders, including government and domestic industries.
- Dec 22, 2020 03:37 PM IST
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.
- Nov 18, 2020 01:22 PM IST
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.
- Oct 28, 2020 08:49 PM IST
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.
- Oct 05, 2020 08:16 PM IST
Addressing a webinar organised by the EXIM Bank on Saturday, Goyal said sectors having the potential to become globally competitive needed to be identified.
- Sep 28, 2020 10:25 PM IST
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.
- Aug 31, 2020 03:45 PM IST
Barring fertiliser, all seven sectors -- coal, crude oil, natural gas, refinery products, steel, cement and electricity -- recorded negative growth in July.
- Aug 14, 2020 06:50 PM IST
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."
- Aug 14, 2020 06:20 PM IST
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.
- Aug 09, 2020 07:20 PM IST
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.
- Jul 31, 2020 08:13 PM IST
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.
- Jul 30, 2020 01:55 PM IST
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.