Oct 12, 2021 03:08 PM IST
Sources at the Iranian Embassy in Delhi told Moneycontrol they are monitoring the situation and will bring it up with the government. But exporters remain concerned that the growing shipments to Iran, mostly routed through APSEZ's Mundra port, will suffer a major blow.
- Oct 01, 2021 08:52 PM IST
India's merchandise exports rose $33.44 billion for the month from $27.56 billion in the same period last year, while imports rose $56.38 billion in September from $30.52 billion last year.
- Oct 01, 2021 06:38 PM IST
Coronavirus outbreak has led to an increase in consumption of nuts to 'build immunity' and it has led to a spike in prices as India relies heavily on imports to meet its demand
- Sep 29, 2021 03:56 PM IST
India has again postponed a new Foreign Trade Policy (FTP) announcement, choosing to extend the old one until March 31, 2022. The FTP, set to run from 2015 until 2020, targeted $900 billion of exports by 2020. The target had to be scaled down first because of a slowdown in global trade beginning at the end of 2018 and then the onset of the Covid-19 pandemic. Moneycontrol takes a deep dive into why India quickly needs a new FTP, why there has been a hold-up in announcing one, and what the implications are of persisting with a policy that was supposed to end in 2020.
- Sep 29, 2021 07:23 AM IST
Purchases of Iranian oil by Chinese companies are believed to have helped keep Iran’s economy afloat despite U.S. sanctions that are designed to choke off such sales to put pressure on Iran to curb its nuclear program.
- Sep 25, 2021 02:49 PM IST
The government earlier this month had allowed imported containers to remain at Indian ports and be re-used for a period of six months till March 31, 2022, the new notification allows containers to remain in India for a period of three more months if permission is granted by an assistant commissioner.
- Sep 24, 2021 09:12 AM IST
Ceftriaxone is used to treat critical medical conditions such as Meningitis, and was dumped at extremely low prices by Chinese producers in the Indian market.
- Sep 14, 2021 08:42 PM IST
Trade deficit in August widened to $13.81 billion as against $8.2 billion in the same month last year.
- Sep 14, 2021 04:16 PM IST
The two sides have set March, 2022 as deadline for finalizing an Interim Agreement with a more comprehensive agreement set for a later date.
The Interim deal will involve early concessions on certain key high-priority products and services with regards to duty tariffs and market access, the Commerce Department has clarified.
- Aug 27, 2021 08:57 AM IST
Domestic natural gas production grew for the fifth consecutive month, rising about 18 percent in July
- Aug 25, 2021 03:52 PM IST
The only major route for merchandise to enter and exit the country - the International North-South Transport Corridor - has now shut to Afghan vehicles as Iran places stricter vigil on who uses its highways.
- Aug 11, 2021 10:08 AM IST
Rising coal prices would mean higher input costs of power, thus keeping inflation elevated and a cause for worry for markets.
- Aug 09, 2021 04:59 PM IST
For imported electric vehicles (EVs) with a value of less than $40,000 - including the car's cost, insurance and freight - the government is discussing slashing the tax rate to 40 percent from 60 percent presently, the officials told Reuters.
- Jul 13, 2021 03:09 PM IST
The SEA expressed concern that the recent cut in import duty of crude palm oil (CPO) and other plam oils till September, as well as unrestricted import of RBD palmolein till December would be detrimental to the interest of domestic refiners and oilseeds growers.
- Jun 30, 2021 08:35 AM IST
Options must be explored to make these export enclaves play a meaningful role in job creation and economic progress
- Jun 27, 2021 12:56 PM IST
Imports of the yellow metal had plunged to USD 79.14 million (Rs 599 crore) in the corresponding period last year, the data showed.
- Jun 17, 2021 11:35 AM IST
The world's biggest vegetable oil importer was considering reducing import taxes after domestic soyoil and palm oil prices more than doubled in the past year, hitting consumers already stung by record fuel prices and reduced incomes amid the COVID-19 pandemic.
- Jun 02, 2021 02:44 PM IST
The headline numbers jumped high due to a severely low base as trade had crashed during May, 2020 when the COVID-induced lockdown was in full swing. But citing a nearly 8 percent growth after comparing with May, 2019, the government has expressed confidence that exports are well on their way towards recovery.
- Apr 30, 2021 06:19 PM IST
Out of the aforementioned oxygen cylinders, 54,000 will be jumbo cylinders while 73,000 will be regular cylinders.
- Apr 01, 2021 05:34 PM IST
In an effort to cool local demand and prices, Pakistan's Economic Coordination Committee on Wednesday gave the go-ahead for the imports, which was to have ended nearly two years of trade suspension between the nuclear-armed rivals.
- Apr 01, 2021 03:23 PM IST
Primarily, what affected CIL’s supplies was reduced coal lifting by the power sector and a steep 31 percent fall in road transport despite the company’s efforts to convert traffic from road to rail during the lockdown period.
- Mar 24, 2021 07:42 PM IST
As consumption demand rises after a tough financial year, importers are desperate to visit China to stock up on new inventory. Their plans of transiting through a third nation to reach the Big Dragon and India's unique travel restrictions continue to hit a wall. Moneycontrol discovers the long list of hurdles impeding travel - tough vaccination rules in most countries, low availability or lack of approval for Chinese vaccines and the high cost of insurance
- Mar 21, 2021 02:13 PM IST
The decline in gold imports has helped in narrowing the country''s trade deficit to USD 84.62 billion during the 11-month of the current fiscal, as against USD 151.37 billion a year ago.
- Mar 19, 2021 07:33 PM IST
Combat aircraft and associated missiles accounted for more than half of India’s arms imports in 2016–20.
- Mar 18, 2021 07:16 PM IST
Ajay Sahai takes us through the mixed bag of unprecedented challenges and sudden opportunities facing India's crucial outbound trade in the post Covid-19 era, as the pandemic slowly recedes.