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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

Foreign trade policy: Exporters seek 3 months from Centre for transition

In case there is a change in the policy, the transition time in that case will help the exporter execute the contract, giving some certainty for the exporter

Online platform soon for amnesty scheme benefits: DGFT SK Sarangi

'There are other sectors, such as engineering goods, agriculture, food processing, where the potential is very high'

New foreign trade policy seeks to spur rupee trade, e-com exports

Targets $2 trillion in goods and services exports by 2030

Govt's new foreign trade policy set to boost domestic manufacturing

Apart from that, under the policy, e-commerce as export hubs (ECEH) will be set up through private initiative or in public-private partnership (PPP) mode, in partnership with the states or the Centre

India's farm exports likely to touch record $56-57 billion: Official

The achievement will be commendable, given that exports of several high-value items, such as wheat and rice, have been banned during the financial year to control inflation

India remains a bright spot among global economies: Piyush Goyal

"We aim to use technology in every sphere to serve the people of India in a big way. Today, we are showcasing our developmental model to the rest of the world," Goyal said