Tag: Commerce Ministry
17 Results
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India’s service sector export grows by 33 % in five years
“Wherever possible, the Indian Standards are harmonized with international standards for ensuring that quality of services matches global expectations,” the Ministry said.
December 23, 2021 -
Exports up 52.39 pc to USD 7.71 bn during first week of June
India's exports grew by 67.39 per cent to USD 32.21 billion in May, driven by healthy growth in sectors such as engineering, and petroleum products.
June 9, 2021 -
Exports jump 58.23 pc to record USD 34 bn in March; 7.4 pc dip in 2020-21
Oil imports grew by 1.22 per cent to USD 10.17 billion in March. During 2020-21, oil imports dipped by 37 per cent to USD 82.25 billion.
April 2, 2021 -
Commerce Ministry recommends only one bottle of duty-free alcohol
In addition, it has also recommended to the Finance Ministry that purchase of cigarette cartons at duty-free shops should be banned.
January 19, 2020 -
India imposed anti-dumping duty on 99 Chinese products as on Jan 28: Commerce Ministry
To protect domestic players from cheap imports, India has imposed anti-dumping duty on as many as 99 Chinese products as on January 28 this year, Parliament was informed Monday.
February 4, 2019 -
US-China trade talks extended till Wednesday
China's Commerce Ministry said ahead of the meeting that it would last only two days.
January 9, 2019 -
Cabinet may take up agri export policy this week
The Union Cabinet is expected to consider this week the proposed agriculture export policy, which aims at doubling outbound shipments of farm products and increasing their share in the world market.
November 25, 2018 -
India’s wholesale inflation in May doubles Y-o-Y to 4.43%
A major spurt in food and fuel prices in the country pushed the wholesale price index (WPI) for May to 4.43 percent, to nearly double over the 2.26 percent registered in May last year and higher than the 3.18 percent recorded in April, 2018, Commerce Ministry data showed on Thursday. Earlier this week, Central Statistics …
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June 14, 2018 -
Government launches 3 portals for ease of agri-exports
In a digital initiative to promote ease of exports, particularly for Indian agricultural products, the Commerce Ministry on Tuesday launched three portals – for Safe Food Export Traceability, Single Laboratory for Accreditation and Approvals, and the third for Monitoring Export Alerts from importing regulators. While the Safe Food Export portal offers comprehensive linkages to primary …
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April 3, 2018 -
India’s February trade deficit $12 bn on costlier oil imports
India’s trade deficit in February at $12 billion narrowed from an over a four-year high of the previous month at $16.3 billion, as exports picked up while imports moderated, official data showed on Thursday. According to figures released by the Commerce Ministry, the trade deficit in February, however, was 36.36 per cent higher than in …
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March 15, 2018 -
2,000 tonnes of onion to be imported: Paswan
Union Consumer Affairs Minister Ram Vilas Paswan on Wednesday said public sector body MMTC will import 2,000 tonnes of onion in order to check rising prices in the local market. He also said National Agricultural Cooperative Marketing Federation of India was procuring 10,000 tonnes while Small Farmers Agriculture-business Consortium (SFAC) was asked to buy about …
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November 23, 2017 -
India’s wholesale inflation in August accelerates to 3.24%
A massive jump in food prices pushed up India’s wholesale price-indexed (WPI) inflation in August at 3.24 per cent to nearly double that of July, official data showed on Thursday. According to data released by the Commerce Ministry, the annual rate of WPI inflation in July was at 1.88 per cent, while it was at …
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September 14, 2017 -
Commerce ministry negotiating 21 trade agreements: Nirmala
The commerce ministry is negotiating as many as 21 trade agreements, including with Israel and Mauritius, Parliament was informed on Monday. Commerce and Industry Minister Nirmala Sitharaman also said the negotiations for a free trade agreement are a continuous process and it is difficult to set a timeline for their conclusion. She said that before …
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July 31, 2017 -
Commerce Ministry in consultations with states to promote exports
A team of officers, led by the commerce secretary, is holding detailed consultations with states to clear the bottlenecks that are hampering exports, an official has said. “So far, we have done this exercise with 14 states. It is an ongoing exercise to involve states in promoting the country's exports,” the commerce ministry official said. …
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July 25, 2017 -
Commerce Ministry to consider 62 SEZ projects for cancellation
The commerce ministry is likely to cancel approvals of as many as 62 special economic zones including Cochin Port Trust as the developers have not shown interest in moving forward with the projects. The Board of Approval (BoA), headed by commerce secretary Rita Teaotia, would consider cancellation of these proposals at its meeting on 3 …
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June 26, 2017 -
Commerce Ministry to coincide mid-term review of FTP with GST roll-out
Union Commerce and Industry Ministry is trying to coincide the mid-term review of the Foreign Trade Policy (2015-20) to coincide with the roll-out of the Goods and Services Tax (GST) and it is aligning the existing schemes in the policy with the upcoming indirect tax regime, officials said here on Wednesday. "We are trying Foreign …
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June 21, 2017 -
India-US trade win-win situation: India
Ahead of Prime Minister Narendra Modi's visit to the US, the Commerce Ministry on Tuesday said bilateral trade was a "win-win" situation for both the countries even though the balance of trade was not in America's favour. The US had started a review of its trade policy with countries with which it has adverse trade …
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June 20, 2017