Jun 03, 2021 12:07 PM IST
Export orders nosediving to 6-month lows and lack of domestic demand led to the first decline in sales since September 2020 for services companies. As a result, the sector lost jobs for the sixth straight month.
- May 12, 2021 04:55 PM IST
Work from home and online classes drove imports of telecom devices and computer hardware; ores, iron and steel, and organic chemicals were top exports from India
- May 11, 2021 05:44 PM IST
A hearing by the USTR on May 11, attended by respondents from Indian industry, gathered feedback on whether additional tariffs of up to 25 percent should be imposed on India’s major exports to the US such as sea food, basmati rice, diamonds and jewellery. The US move was provoked by India's decision to stick to its digital tax for foreign entities.
- Apr 30, 2021 08:40 PM IST
Positive outlook for domestic and export segments, reasonable valuation, strong product pipeline and a bounce-back in demand for premium bikes make Bajaj Auto an attractive bet for the long haul.
- Apr 30, 2021 01:44 PM IST
The crisis began in late 2020 due to a sharp mismatch in import and export volumes, port congestion across the Asia Pacific region due to Covid-19, and restrictions on trade
- 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 22, 2021 04:34 PM IST
After state government requests, the Minister of State for Chemicals and Fertilisers, Mansukh Mandaviya, held meetings with drug manufacturers in which it was decided to reduce prices of Remdesivir and increase its production to up to 78 lakh vials per month
- Apr 22, 2021 09:53 AM IST
India gained market share in US imports of cotton home textiles in 2020 and this year. Exports of readymade garments rose in March after several months of declines
- Apr 20, 2021 08:36 AM IST
One of the officials said the administration of President Joe Biden had told India that its request was being considered and would be acted upon "at the earliest".
- Apr 09, 2021 09:28 AM IST
Inspite of the lockdown and restrictions, India’s export of cotton doubled in 2020 (April-December) compared to the previous year over the same period, shows official data
- Apr 07, 2021 12:03 PM IST
While domestic business continued to rise for service providers, export orders remained contractionary for the 13th straight month in March. Job losses also continued in the sector.
- Apr 04, 2021 03:44 PM IST
India figures prominently in the 2021 National Trade Estimate Report by the United States Trade Representatives, an annual compendium of Washington DC's complaints against the trade mechanism of various economies. The fact that this comes only months after the Joe Biden administration took charge has made policymakers apprehensive.
- Apr 01, 2021 08:23 AM IST
In its annual 2021 National Trade Estimate Report on Foreign Trade Barriers, the US Trade Representative (USTR) said on Wednesday that while the Indian government pursued ongoing economic reform efforts, it also continued to promote programmes like ''Make in India'' that favour domestic production over importation.
- Mar 31, 2021 09:50 PM IST
The yet-unfinished work of finalising tax refund rates for exports under the new Remission of Duties and Taxes on Exported Products scheme has derailed the government's plan to unveil a new FTP. The lack of a clear consensus on whether to continue with export incentives for services exporters have also contributed to the latest decision.
- Mar 26, 2021 04:28 PM IST
The Suez Canal is the primary route for ships moving between India and Europe and the traffic hold-up has begun to affect the tight schedules of commercial shipping lines operating in India. But exporters remain hopeful that a backlog of up to 7-10 days can be overcome with some planning and speedy clearance by the Customs authorities.
- Mar 15, 2021 06:20 PM IST
Imports continued to rise at a faster pace in February. As a result, the trade deficit also spiked by 24 percent to $12.6 billion.
- Mar 09, 2021 05:37 PM IST
Industry insiders say food manufacturers and vendors had pushed for the proposed move, arguing for more ease of doing business. Currently, while FSSAI under the Health Ministry sets standards for food imports, exports are the domain of APEDA under the Commerce Department.
- Mar 08, 2021 02:56 PM IST
The fourth edition of Indusfood, which is slated to be held in Greater Noida, will be the first major trade fair to be organised physically after the COVID-19 pandemic that erupted last year.
- 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.
- Jan 18, 2021 04:13 PM IST
At the inaugural ceremony of 5-day e-IGJS (International Gem and Jewellery Show) organised by Gem Jewellery Export Promotion Council (GJEPC), the minister stated that the trade fair at an ideal time as demand for gems and jewellery from all of the major markets is picking up with the rollout of vaccines against COVID-19, which has already started in India.
- Jan 05, 2021 10:36 AM IST
Words like “halal”/“halal method” have been deleted in the manual and replaced with “slaughter as per requirement of importing countries”.
- Jan 05, 2021 09:43 AM IST
India’s goods exports fell by nearly 18 percent and imports by 33 percent during April-November 2020, year-on-year, according to official data. While imports from China and other top trading partners reported a decline, exports to Beijing registered a growth.
- Dec 29, 2020 05:56 PM IST
Hot-rolled coil prices have increased by 46 percent to Rs 52,000 per tonne in November as compared to Rs 37,400 per tonne in July this year. Rebar TMT, which is used in the housing and construction sectors, had touched Rs 50,000 a tonne, industry sources said.
- Dec 18, 2020 08:19 PM IST
Finance Minister Nirmala Sitharaman said investment in health is going to be critical, not just to keep lives safer, but also to make health and health-related expenditures more predictable.
- Nov 17, 2020 05:38 PM IST
In order to reduce India's dependence on China, the government in March had announced a scheme that aims to give companies incentives on incremental sales from products manufactured in domestic units.