ISMR is a mechanism established to set a new agenda for India-Singapore bilateral relations. Its inaugural meeting was held in New Delhi in September 2022
The commerce and industry ministry on Sunday said the India-Singapore Ministerial Roundtable (ISMR) is scheduled to take place in Singapore on August 26
Under these orders, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark
Says government aims to balance online and offline businesses, not stifle digital growth
Goyal said as many as 33 countries do not participate in the duty free tariff preference (DFTP) scheme of India
Questions Amazon's India investment strategy, says it is to make up for losses
Union Commerce Minister Piyush Goyal raised concerns over the rapid growth of e-commerce in India, questions predatory pricing strategies employed by online retail giants
The first consignment of over 1,600 vehicles left for Japan from Gujarat's Pipavav port, the country's largest carmaker said in a statement
The move aims to prevent undesired delays by streamlining the preparations for the assembly elections due in a few months, he said
In the absence of this licence, the cut and polished diamonds were getting imported in Dubai and getting assorted there and re-exported, impacting India's exports and jobs in the sector
We do believe that we would like to be a friend to every country in world, more so member states of Bimstec, 7 nations who collectively make up almost 22 per cent of world population, Goyal added
Reasons for slow progress can be non-trade barriers or trade barriers coming in way of normal trade, he said adding possible impact of other regional FTAs on Bimstec region could be cause of the delay
Goyal added that EV focus, and reduction in imports of goods, oil seeds, rubber and pulses would help further strengthen the domestic currency
European Union has suggested India devise its own mechanism instead of paying carbon tax for imports, says Commerce Minister
India and the UK have been negotiating a trade agreement for over two-and-a-half years
Goyal said the ministry would consider the EU's suggestion and come up with whatever is good for the Indian industry and for the people
The Survey, he said, is not at all binding on the government and there is no thinking on supporting Chinese investments in the country
The Commerce minister termed the criticisms against the hike in capital gains tax and securities transaction tax in derivatives trading as fear-mongering
It may also be noted that from 2004-05 to 2013-14, trade deficit grew by approximately 24.8 times while it grew only by 1.75 times from 2014-15 to 23-24, Commerce & Industry Minister Piyush Goyal said
A reduction in the basic customs duty of gold to 6 per cent (from 15 per cent) will reduce smuggling, said Union minister Piyush Goyal