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  • India cuts import tax on crude palm oil to 27.5% from 37.5%, says government Nov 26, 2020 07:00 PM IST

    India cuts import tax on crude palm oil to 27.5% from 37.5%, says government

    India is the world's biggest importer of palm oil. It imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.

  • Government raises custom duty on certain components used to manufacture open cell Nov 12, 2020 12:10 PM IST

    Government raises custom duty on certain components used to manufacture open cell

    The CBIC said 5 percent duty would be levied on chip on film, printed circuit board assembly and cell (glass board/substrate) used in manufacture of open cell

  • Nafed floats bids for supply of 15,000 tonnes of imported red onions by November 20 Oct 31, 2020 01:52 PM IST

    Nafed floats bids for supply of 15,000 tonnes of imported red onions by November 20

    The cooperative has asked bidders to supply 40 to 60 mm size of red onions from any country of origin at Rs 50 per kg by November 20. They can bid for a minimum quantity of 2,000 tonnes to be supplied in multiple lots of 500 tonnes, it said.

  • India's August exports fall 12.66%, imports contract 26%; trade deficit narrows to $6.77 billion Sep 15, 2020 06:50 PM IST

    India's August exports fall 12.66%, imports contract 26%; trade deficit narrows to $6.77 billion

    The country's imports too declined 26 percent to $29.47 billion in August, leaving a trade deficit of $6.77 billion, compared to a shortfall of $13.86 billion in the same month last year, as per the data.

  • N95 mask price rise: Manufacturers blame supply crunch, officials say no transparency: Report Sep 08, 2020 01:15 PM IST

    N95 mask price rise: Manufacturers blame supply crunch, officials say no transparency: Report

    Prices of N95 masks have risen six times since March, when it was sold to the government for Rs 17, to the current Rs 42 while retail price is Rs 150. It is expected to rise again.

  • India to back candidates open to concerns of poorer nations as WTO chief Aug 17, 2020 03:04 PM IST

    India to back candidates open to concerns of poorer nations as WTO chief

    The serving WTO chief Roberto Azevedo announced he would demit office on August 31. Eight candidates from a number of nations are vying for the position of director general

  • TV makers may opt for license instead of local manufacture for premium models: Report Aug 01, 2020 10:18 AM IST

    TV makers may opt for license instead of local manufacture for premium models: Report

    This is because demand for these products may not warrant investment into local manufacturing

  • Electrical equipment industry begins mass cancellation of orders from Chinese companies: Report Jul 21, 2020 10:08 AM IST

    Electrical equipment industry begins mass cancellation of orders from Chinese companies: Report

    Companies are cancelling orders mainly for power distribution and transmission gears, and turning to other countries despite higher costs.

  • India-China border issue | Traders' body releases list of 500 items to be boycotted from China Jun 17, 2020 10:01 AM IST

    India-China border issue | Traders' body releases list of 500 items to be boycotted from China

    In phase 1, the body has set a target to meet a shortfall of $13 billion (Rs 1 lakh crore approx.) in imports from China by December 2021

  • India's May gold imports fall 99% from a year ago to 1.4 tonnes: Source Jun 02, 2020 12:26 PM IST

    India's May gold imports fall 99% from a year ago to 1.4 tonnes: Source

    The world's second-biggest consumer of the precious metal imported around 1.4 tonnes of gold in May, down from 133.6 tonnes a year ago, said the source, who declined to be identified because they are not authorised to speak to the media.

  • As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA May 25, 2020 02:15 PM IST

    As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

    The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

  • India's April edible oil imports drop 34%: Trade body May 06, 2020 02:00 PM IST

    India's April edible oil imports drop 34%: Trade body

    Delays in the discharge of imported oils included, triggered by the coronavirus lockdown.

  • China April exports, imports set to plummet as virus crushes global demand: Poll May 06, 2020 11:24 AM IST

    China April exports, imports set to plummet as virus crushes global demand: Poll

    The pessimistic projections reinforce concerns that the collapse in global demand will restrain the recovery in the world's second-biggest economy

  • Donald Trump admin ignored concern over hydroxychloroquine import from in India, Pak: Fired US scientist May 06, 2020 10:04 AM IST

    Donald Trump admin ignored concern over hydroxychloroquine import from in India, Pak: Fired US scientist

    A fired American scientist has alleged that the Trump administration ignored the concern of doctors in the US over the importation of hydroxychloroquine from "uninspected factories" in India

  • Donald Trump to consider halting Saudi oil imports, says US has 'plenty' Apr 21, 2020 09:29 AM IST

    Donald Trump to consider halting Saudi oil imports, says US has 'plenty'

    "Well, I'll look at it," Trump told reporters at a daily news conference after he was asked about requests by some Republican lawmakers to block the shipments under his executive authority.

  • India's edible oil imports down 32.44% in March Apr 06, 2020 02:12 PM IST

    India's edible oil imports down 32.44% in March

    India, the world's leading vegetable oil buyer, had imported 13,93,255 tonne in March last year.

  • China logs more coronavirus cases imported from abroad Mar 16, 2020 08:12 AM IST

    China logs more coronavirus cases imported from abroad

    After declaring they had "basically" curbed the spread of the disease within China, where the virus first emerged, authorities are now worried about an influx of infections arriving from other countries.

  • Commerce ministry for not extending safeguard duty on palm oil imports from Malaysia Mar 02, 2020 03:25 PM IST

    Commerce ministry for not extending safeguard duty on palm oil imports from Malaysia

    The Directorate General of Trade Remedies (DGTR) in August last year initiated a probe into an alleged jump in imports of 'Refined Bleached Deodorised Palmolein and Refined Bleached Deodorised Palm Oil' from Malaysia, following a complaint from Solvent Extractors' Association of India.

  • India's import of US oil jumps 10-fold to 2,50,000 bpd Feb 25, 2020 04:12 PM IST

    India's import of US oil jumps 10-fold to 2,50,000 bpd

    Speaking at a business meeting alongside US President Donald Trump, he said Indian imports of US oil were 25,000 bpd a couple of year ago, and have now risen to 2,50,000 bpd.

  • India set to import record LNG volumes as spot prices slump on virus impact Feb 20, 2020 03:17 PM IST

    India set to import record LNG volumes as spot prices slump on virus impact

    The South Asian nation is estimated to import about 2.36 million tonnes in February, shiptracking data from Refinitiv Eikon showed. That would exceed India's LNG imports in October of about 2.3 million tonnes, the previous highest monthly total.

  • India allots import licences for 1.1 million tonnes of refined palmolein from Indonesia: Sources Feb 20, 2020 02:57 PM IST

    India allots import licences for 1.1 million tonnes of refined palmolein from Indonesia: Sources

    A resumption in refined palmolein buying by India, the world's biggest palm oil importer, could lift its total palm oil imports and support Malaysian palm oil futures, which have corrected a fifth from a three-year high hit in January.

  • Mining Minister Pralhad Joshi announces India to stop thermal coal import by FY24 Feb 18, 2020 09:46 PM IST

    Mining Minister Pralhad Joshi announces India to stop thermal coal import by FY24

    India will stop importing thermal coal FY2023-24, Union Coal and Mines Minister Pralhad Joshi said.

  • Govt considering imposition of import restrictions on TV sets Feb 13, 2020 02:26 PM IST

    Govt considering imposition of import restrictions on TV sets

    Putting an item under restricted category of imports means that the importer of that commodity would have to seek a licence from the commerce ministry's directorate general of foreign trade (DGFT) for the imports.

  • No plan to curb import of chemicals and petrochemicals: Govt Feb 11, 2020 03:21 PM IST

    No plan to curb import of chemicals and petrochemicals: Govt

    The import of chemicals and petrochemicals is on the rise in the last five years due to insufficient domestic supply, he said in a written reply to the Lok Sabha.

  • Senators urge Trump Admin to ask India reduce hike in soda ash import duties Feb 07, 2020 08:53 AM IST

    Senators urge Trump Admin to ask India reduce hike in soda ash import duties

    In a letter to US Trade Representative Robert Lighthizer, the Senators said that thousands of US jobs relied on the soda ash industry and keeping tariffs low will help US workers and economy nationwide.

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