Department Of Commerce

Senior IAS officer Rajesh Agrawal was the chief negotiator for the India-US Bilateral Trade Agreement, Indo-Pacific Economic Forum, India-Australia CECA, and review of the ASEAN FTA.

Report to restructure commerce ministry under study; idea is to set up trade promotion body: Piyush Goyal

The ministry is working to redesign the Department of Commerce as India is targeting exports of goods and services to USD 2 trillion by 2030.

Comm Min spent 99.45% of FY17 plan outlay, highest in 5 yrs

Commerce Ministry today said it has spent Rs 2,454 crore under various plan schemes, which is 99.45 percent of the allocation -- the highest in last five fiscals.

ITPO eyes Rs 250 cr revenue this fiscal

Government-run India Trade Promotion Organisation (ITPO) today said it has fixed a revenue target of Rs 250 crore for this fiscal year.

New import policy for marbles, blocks from October 1

"The Department of Commerce, Ministry of Commerce and Industry, Government of India has notified the new import policy for Marble & Travertine Blocks, and Marble and Granite Slabs, to come into effect from 1st October 2016," Commerce and Industry Ministry said in a press release.

National Standards Conclave to start on June 23

The two-day National Standards Conclave, beginning on June 23, aims at increasing awareness of all the stakeholders on the growing importance of the issue amid changing scenario of global trade, the commerce ministry said

Top bureaucrats in fray for Oil India Chairman post

The ten candidates short-listed from nearly 60 applicants have been called for interview by a three member Search-cum- Selection Committee headed by Cabinet Secretary P K Sinha on April 25, sources privy to the information said.

Commerce Ministry prepares strategy to boost exports to Africa

The Department of Commerce will now hold consultations with Ambassadors and High Commissioners of major African nations and industry stakeholders to implement that strategy, an official said.

NBCC bags Rs 2149cr project; stock gains 4%

The company has bagged an order from India Trade Promotion Organisation (ITPO), Department of Commerce, Government of India, for redevelopment of Pragati Maidan, New Delhi including construction of Integrated Exhibition cum Convention Centre (IECC).

IBEF Rolls Out `Brand India Engineering` Campaign at IESS 2015

IBEF launches Brand India Engineering at IESS 2015 Brand India Engineering is being led by ...

Record 30% growth of Indian students in US: Report

"This is the highest rate of growth for Indian students in the history of the Open Doors project, which spans back to 1954-55," said the report published by the Institute of International Education.

Govt provides Rs 3,000 cr duty benefits to boost exports

On October 7, the Commerce Secretary after holding consultations with exporters has informed that the allocations for export incentive schemes in the current financial year has been increased to Rs 21,000 crore, from earlier Rs 18,000 crore.

Govt adds 110 new products under MEIS to boost exports

The current revision introduces 110 new tariff lines (products) and increases rates or country coverage or both for 2,228 existing tariff lines, it said.

Indian, Chinese firms ink 15 MoUs worth $ 590 million

Guangdong's Deputy Director General of Department of Commerce Chen Yuehua said that these MoUs were signed at the China-India (Gujarat) Economic and Trade Cooperation Conference organised by the Government of Guangdong province of China. firms ink 15 MoUs worth USD 590 million

Factory slowdown puts wrinkle in US growth outlook

The sharp slowdown in manufacturing, which has been hurt by a strong dollar and deep spending cuts in the energy sector, was probably an early indication of fallout from the recent turmoil in stock markets, economists said.

US Q2 GDP growth revised sharply higher to 3.7%

Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce Department said on Thursday in its second GDP estimate for the April-June period.

Oil prices surge 7%, US crude rises above $41

The US economy grew faster than initially thought in the second quarter on solid domestic demand, according to government data released Thursday. Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce Department said in its second GDP estimate.

US second-quarter GDP growth rate revised up to 3.7%

Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce Department said on Thursday in its second GDP estimate.

Comm Min may set up think-tank for pharmaceutical sector

The exports situation and other issues in pharmaceutical sector were discussed during a meeting convened by Commerce and Industry Minister Nirmala Sitharaman.

India, US first strategic & commercial dialogue on Sep 22

The issues that are likely to be taken up for discussion at 'strategic & commercial dialogue' (S&CD) from both sides were deliberated at length under the aegis of each of the six Joint Working Groups, it said.

India gets $19.78 bn FDI from nations visited by PM in FY15

During the period, Indian companies invested USD 3.42 billion in these countries which include Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore.

22 more developers seek Govt approval to cancel SEZs

The Board of Approval (BoA) chaired by Commerce Secretary Rajeev Kher would take a decision on these applications in its meeting on May 19.

ComMin talks of ambitious reforms agenda to push services

Services exports last year stood at USD 151.5 billion while imports came in at only USD 78.5 billion. India is looking to increase its exports in goods and services to USD 900 billion by 2019-20.

DoT to seek legal view on Sistema, Telenor invoking pacts

The DoT will seek legal opinion and views of ministries of finance and external affairs on foreign telecom firms like Sistema and Telenor invoking bilateral treaties to protect their investments in the aftermath of Supreme Court cancelling their licences.

USD 1.7 trillion FDI created 5m jobs in US in past decade

Foreign Direct Investment (FDI) in the United States exceeding USD 1.7 trillion in the last one decade has created more than five million jobs in the US, which on an average paid 30% more than other jobs, an official report said Tuesday.