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DPIIT's QCOs apply to a wide range of products, including smart meters, footwear, toys, cooking utensils, fire extinguishers, safety glass, welding rods, and components for building, all to ensure safety and improve manufacturing quality.
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Union minister of state for commerce and industry Jitin Prasada stated in the Parliament that in 2024-25, India's total export of leather, leather products and footwear was $4,828.97 million. Of this, 35.17% or $1,698.59 million worth of exports went from Tamil Nadu alone.
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The import will be allowed for industrial and manufacturing sectors, including electronics, electrical and specialised chemical industry, against an import authorization, thereby addressing the need of the domestic industry without disruption for actual use, the government said in a statement.
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'IIndia's diplomatic and commercial communication should yield a positive result on import of rare earth magnets from China,' said commerce secretary Sunil Barthwal.
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Nearly two-thirds of India's crude oil and half of the LNG imports pass through the Strait of Hormuz, a narrow waterway which could be at risk in the ongoing Israel-Iran war.
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The minimum land required for setting up a factory has been reduced to 10 hectares from 50 hectares in special economic zones for semiconductors and electronic components and to 4 hectares from 20 in multi-product SEZs
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To boost exports, Centre had on May 26 restored the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme benefits for SEZs and other export-centric hubs, with effect from June 1.
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Commerce Minister Goyal refused to clarify if talks around tariff negotiations with the US could be concluded within the 90-day pause period.
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MBSE HSSLC Result 2025 will be declared today, May 6, at 12 noon. Students can check their Mizoram Board Class 12 result for Science, Commerce, and Arts at mbse.edu.in using roll number.
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European commissioner for trade and economic security Maros Sefcovic said India-EU trade talks are on the right track and that they are making a “solid headway” towards a balanced and mutually beneficial deal.
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Power Finance Corporation Ltd (PFC) said it is exploring all possible options to recover an outstanding principal amount of Rs 307 crore from Gensol Engineering Ltd.
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Trump on Monday suspended his threat of 25% tariffs on Mexico and Canada for 30 days after the two neighbouring countries said they would bolster border enforcement efforts.
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Drugs and pharmaceutical exports have overtaken gems and jewellery, and chemicals in first five months of the year
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Piyush Goyal says the start-up ecosystem has become big enough to accommodate these new portals; moots idea of giving control of company to unicorns
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Commerce and Industry Minister Piyush Goyal sets version 2.0 target, says Trade Connect e-platform will help scale up trade.
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The backlash from industry leaders and associations also dents two key government departments which have been wooing investors to the state. It also casts shadows on the upcoming Global Capability Centre policy, Knowledge, Healthcare, Innovation, and Research (KHIR) city, Bengaluru Tech Summit, Global Investors Meet, and other initiatives.
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Economic think tank Global Trade Research Initiative (GTRI) also said that India is standing on the cusp of a transformative era and there is an urgent need for comprehensive economic reforms.
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The order fulfillment rate on ONDC is exceedingly high at around 95 percent, says CEO and MD Thampy Koshy
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Puri also emphasised that in order to generate jobs, growth must be inclusive and sustainable.
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With large parts of the supply chain not falling under the schemes, domestic manufacturers face vulnerabilities.
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In 2023, as many as 11 shopping malls became operational, covering 59,48,395 square feet of space across the top eight cities.
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WhatsApp boasts over 500 million users in India, but its in-app WhatsApp Pay service is capped at 100 million users. Payment options include Google Pay, Paytm, and PhonePe, but users are redirected outside WhatsApp for transactions.
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Although Ministry of Industry, Commerce and Supplies has asked the Finance Ministry to give customs waiver for importing 60,000 MT of sugar to meet the local demand, the Finance Ministry has given permission to import only 20,000 MT for the time being.
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India has signed 13 free trade agreements with countries like Japan, Korea, and the UAE and six preferential pacts so far with its trading partners for ensuring greater market access for domestic goods and promoting exports.
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In 2022-23, the government had procured a record 2.51 lakh metric tonnes of onions from Rabi-2022 crop under the PSF and released it in major consumption centres during September 2022 and January 2023.
