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  • New products, new markets and bilateral outreach behind FY21's unprecedented agri export growth : Commerce Secretary Jun 10, 2021 02:20 PM IST

    New products, new markets and bilateral outreach behind FY21's unprecedented agri export growth : Commerce Secretary

    In FY21, India expanded its agriculture footprint to newer markets even while managing to see growth across its traditional export destinations of US, China, Bangladesh, UAE, Vietnam and Saudi Arabia.

  • Key G7 panel recommends new body to monitor global trade in semiconductors, critical supplies Jun 10, 2021 02:07 PM IST

    Key G7 panel recommends new body to monitor global trade in semiconductors, critical supplies

    Given the fluctuations in trade, rising demand and growing scarcity of raw material, the proposed Critical Supply Forum will become significant for major users of semiconductors including India.

  • Interview | Australia eyes big boost in business with India - senior trade official Catherine Gallagher Jun 07, 2021 12:00 PM IST

    Interview | Australia eyes big boost in business with India - senior trade official Catherine Gallagher

    Under its 'India Economic Strategy to 2035’s, Australia aims to significantly expand business with India in diverse sectors such as food and grains, core minerals, and high tech equipment, Australia's senior most trade and investment commissioner in New Delhi told Moneycontrol. Raising the country's awareness of major reforms in India and the progress in ease of doing business remains the main focus right now, she said.

  • Trade talks with EU and UK on; formal negotiations to begin in next few months: Commerce Secretary Jun 03, 2021 08:59 PM IST

    Trade talks with EU and UK on; formal negotiations to begin in next few months: Commerce Secretary

    Talks on the proposed Free Trade Agreements with both UK and the EU are progressing at an 'expedited pace', Commerce Secretary Anup Wadhawan has said.

  • India GDP data | Trade, hotel and transport slump 18.2% for full year, contract 2.3% in Q4FY21 May 31, 2021 06:21 PM IST

    India GDP data | Trade, hotel and transport slump 18.2% for full year, contract 2.3% in Q4FY21

    The sector had reported a massive contraction of 47.6 percent in the first quarter. I

  • India-Singapore trade likely to be around $21 billion in 2020-21 May 28, 2021 12:48 PM IST

    India-Singapore trade likely to be around $21 billion in 2020-21

    "It is likely to be around USD 21 billion when the full data for the financial year 2020-21 is available. From April 2019 to March 2020, it was USD 23 billion," the envoy was quoted as saying in a Friday weekly on Indian affairs, tabla!

  • Exclusive | Commodity exports stopped India's trade from falling further in FY21 May 21, 2021 04:33 PM IST

    Exclusive | Commodity exports stopped India's trade from falling further in FY21

    Latest data from the Commerce department for FY21 shows that relatively low value commodities, including both unprocessed raw materials and processed bulk goods, managed to hold their own throughout the pandemic-ridden year. A rise in global commodity prices and unused capacity due to drop in local manufacturing meant many commodity exports even managed to grow in 2020-21.

  • Hedge Funds bought bitcoin dip as it touched $30,000: Report May 20, 2021 12:47 PM IST

    Hedge Funds bought bitcoin dip as it touched $30,000: Report

    Genesis Global Trading, New York-headquartered digital asset broker, sent out a note to its counterparties before bitcoin's appreciation, saying macro funds began buying at the $35,000 level.

  • COVID-19 Vaccines | Will support global patent waiver plan proposed by India and South Africa, says China May 18, 2021 09:02 AM IST

    COVID-19 Vaccines | Will support global patent waiver plan proposed by India and South Africa, says China

    China also promised to supply 10 million vaccines to COVAX, a global vaccine distribution campaign backed by the WHO.

  • India-China trade grew in pandemic year despite rising barriers May 12, 2021 04:55 PM IST

    India-China trade grew in pandemic year despite rising barriers

    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

  • Explained | Why is US considering major retaliatory tariffs against India? May 11, 2021 05:44 PM IST

    Explained | Why is US considering major retaliatory tariffs against India?

    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.

  • India likely to offer EU lower duties on wines, automobiles, seek data-secure nation status May 10, 2021 02:53 PM IST

    India likely to offer EU lower duties on wines, automobiles, seek data-secure nation status

    The EU wants significantly lower customs duties on various European goods, while India is seeking the status of a data-secure nation that will open up huge business opportunities in outsourcing.

  • Modi-Johnson meet: India, UK decide to wrap up key talks for Free Trade Agreement by year-end May 04, 2021 07:51 PM IST

    Modi-Johnson meet: India, UK decide to wrap up key talks for Free Trade Agreement by year-end

    India has agreed to remove barriers to trade, a key British complaint, and has said that a balanced and beneficial market access package will be created. The proposed FTA is a key part of the Enhanced Trade Partnership launched by both nations to galvanise business ties and investment flows.

  • Strict restrictions amidst rising cases to impact small business and the economy Apr 22, 2021 11:54 AM IST

    Strict restrictions amidst rising cases to impact small business and the economy

    With more restrictions and curfews being imposed across states and cities amidst rising cases, we look at how these could take a toll on small businesses and the overall economy.

  • Global maritime piracy incidents rise in 2020; here’s why India and its seafarers should be cautious Apr 12, 2021 04:58 PM IST

    Global maritime piracy incidents rise in 2020; here’s why India and its seafarers should be cautious

    Maritime piracy attacks reported worldwide surged 20 percent in 2020. We take a look at the data and explain why India and its seafarers should take these incidents of piracy seriously

  • India-Canada trade deal: Centre to create job opportunities for IT professionals: Report Apr 06, 2021 10:40 AM IST

    India-Canada trade deal: Centre to create job opportunities for IT professionals: Report

    Through CEPA, India is seeking to create job opportunities through easier work visas for its IT professionals while Canada, a major producer of pulses, is seeking to increase its agricultural exports to India.

  • US outlines long list of import restrictions against American goods in India Apr 04, 2021 03:44 PM IST

    US outlines long list of import restrictions against American goods in India

    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.

  • India-Pakistan Trade | Attempt to refloat amidst troubled waters Apr 01, 2021 07:41 PM IST

    India-Pakistan Trade | Attempt to refloat amidst troubled waters

    India’s trade with Pakistan declined by almost 70 percent in 2019-20 over its previous year. The decision to import Indian sugar and cotton could help revive the ponderous bilateral trade.

  • Even after Suez Canal is cleared, ending backlog of will take time Mar 29, 2021 02:41 PM IST

    Even after Suez Canal is cleared, ending backlog of will take time

    Shipping analysts estimated the colossal traffic jam was holding up nearly $10 billion in trade every day.

  • India finalises four-pronged plan to deal with Suez blockade Mar 26, 2021 09:12 PM IST

    India finalises four-pronged plan to deal with Suez blockade

    The government, in consultation with the key stakeholders, has decided to "prioritise the movement of perishable cargo" and "honour the freight rates" as per the existing contracts.

  • Explained: The flourishing trade ties and friendship between India and Bangladesh Mar 26, 2021 08:55 PM IST

    Explained: The flourishing trade ties and friendship between India and Bangladesh

    Bangladesh is India’s biggest trade and development partner in South Asia. Over the recent years, ties between the two countries have received a major boost in terms of trade, connectivity and infrastructure development.

  • EXCLUSIVE | Long list of challenges plague Indian traders’ desperate bid to find routes into China  Mar 24, 2021 07:42 PM IST

    EXCLUSIVE | Long list of challenges plague Indian traders’ desperate bid to find routes into China 

    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

  • India's merchandise and services exports may dip by 10% in FY21 : Commerce Minister Mar 23, 2021 07:18 PM IST

    India's merchandise and services exports may dip by 10% in FY21 : Commerce Minister

    In the previous financial year of 2019-20, services exports had risen by 4 percent while merchandise exports had shrunk by 4.7 percent.

  • India needs to return to more liberal trade regime: Arvind Panagariya Mar 20, 2021 08:36 AM IST

    India needs to return to more liberal trade regime: Arvind Panagariya

    With a low corporate profit tax rate, labour law reforms, GST, and bankruptcy law, a massive privatization programme on the anvil, and measures to de-stress the financial sector under way, the country is poised to take on to global markets in a major way, he said.

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