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Shrinking engineering exports to UAE, China led to overall dip in FY23

The decline was a direct result of depressed global demand, especially in the metals sector

India explores all options to deal with EU's proposed carbon border tax

Begins sector-wise analysis to assess the impact

India's trade deficit with Russia grows seven-fold to $34.79 billion

MIND THE GAP: Ever-growing trade gap due to consistent rise in imports from Russia after its stand-off with Ukraine

WTO panel rules against India in ICT tariff dispute with EU, others

The EU has also approached India to resolve the matter through a multi-party interim appeal arbitration arrangement (MPIA)

G20 meet set to finalise a common definition for start-ups by July

The development comes in the backdrop of the setting up of Startup20, an official engagement group initiated under the Indian presidency of G20

5 of India's top 10 destinations for exports witness contraction in March

Among top 10 import origins, only two - Russia and South Korea - see growth

Exports contract most in nearly 3 years in March; trade gap swells

Global turmoil weighs on demand

Next round of India-UK free trade agreement talks from April 24

Both sides now continue to thrash out the thorny issues pertaining to the trade pact

DPIIT to raise startups' concerns on 'fair market value' with FinMin

Startups have raised concerns with the industry department that the calculation of the startups' fair market value done internationally is different from the income tax department

IBA reaching out to start-ups for funding needs, says DPIIT official

Only DPIIT-registered start-ups are eligible for funding under various support schemes of the industry department

Govt introduces quality control orders for 31 textile items, more on anvil

The QCOs, which apply to both domestic and foreign manufacturers, have been brought in to ensure adherence of such products to global standards

Centre nudges state govts to speed up PM GatiShakti scheme adoption

The GatiShakti NMP was announced by Prime Minister Narendra Modi one-and-a-half years ago

India stands firm at WTO: Our food subsidies ensure global food security

Under the trade norms, a WTO member's food subsidy bill should not breach the limit of 10 per cent of the value of production

Goods exports hit $447 bn in FY23; final data awaited: Piyush Goyal

Services exports likely to see sharper jump, estimated to cross $320 billion in FY23 from $254 billion a year ago

Inter-ministerial panel under GatiShakti recommends four rail projects

These projects will provide multimodal connectivity and seamless movement of goods and passengers, and increase logistics efficiency across the country

CBIC waives interest charges on EXIM traders due to payment woes

Besides, since importers are not able to clear their goods at the ports, the CBIC has urged shipping lines to waive detention and demurrage charges till April 10

E-commerce companies on ONDC may pay the price for non-compliance

Non-compliance may result in a penalty

Global trade growth expected to be subpar at 1.7% in 2023: WTO

With this, the trade growth is below the 12-year average of 2.6 per cent since the trade collapse that followed the global financial crisis in 2008

India, European Union speed up work on free trade agreement negotiations

The fifth round of negotiations will be held in New Delhi from June 19-23, 2023

Online monitoring portal to give 'Districts as Export Hubs' plan a leg-up

The idea will be to monitor the process of the district-wise export plan across all 750 districts across the country, and enable the states and DGFT regional authorities to upload all information