Page 18 - Commerce Ministry

Department of Commerce to overhaul export scheme for services sector

The scheme is expected to be a part of the new foreign trade policy expected to be rolled out by the Directorate General of Foreign Trade next month, said people in the know

Centre proposes anti-dumping duty on China antibiotic drug ofloxacin

No impact on end consumer as prices are regulated

DGTR hints at anti-dumping duty on Chinese ofloxacin, FinMin to decide

The commerce ministry has recommended imposition of anti-dumping duty on Chinese ofloxacin -- a medicine used to treat certain infections -- for five years to guard domestic players from cheap imports from the neighbouring country. Directorate General of Trade Remedies (DGTR) has recommended the duty on imports of 'ofloxacin' and its intermediates from China after concluding in its probe that the product has been exported at dumped prices into India, which impacted the domestic industry. "The authority considers it necessary and recommends imposition of the anti-dumping duty for a period of 5 years," the directorate has said in a notification. Ofloxacin is used to treat certain infections including bronchitis, pneumonia and infection of skin, bladder, urinary tract and prostate. DGTR had conducted the probe following a complaint from Aarti Drugs Ltd about the dumping and initiation of the investigation. The directorate works under the ministry. The recommended duty ranges between

DPIIT to hire consultants to work towards ease of doing business

The commerce and industry ministry is planning to hire consultants to study business environment and compliances and suggest steps to promote ease of doing business in the country. The Department for Promotion of Industry and Internal Trade (DPIIT) has invited applications from eligible qualified professionals for engagement as senior consultant and consultant for three years for working in the Ease of Doing Business (EoDB) Reform Secretariat. The secretariat has been established in the DPIIT. Interested candidates can apply online by end of this month. The work responsibilities of these consultants include conducting a detailed analysis of existing acts/rules and their provisions; review and analyze the legal and regulatory frameworks dealing in different jurisdictions in India; and devise an action plan with a focused approach on the reforms required towards improving regulations. Further, the consultants should have "an understanding of the business regulations at the state lev

At $4.3 bn, imports from Russia jump nearly 7 times in June: Govt data

Oil makes up 71% of total imports from the country

New law for SEZs: Commerce ministry proposes host of incentives

The official said the commerce ministry has sought views of different ministries, including finance, on the new bill

Commerce ministry recommends anti-dumping duty on Chinese cutting tool

The directorate in its findings has concluded the item is being imported from China into India in significant quantities in both absolute and relative terms

Commerce department recast to bring more focus on trade policy making

The DGFT has been already working on the much-delayed foreign trade policy, which is now expected to be released by the end of September

Basmati rice exports increase by 26% in Q1 to $1.15 bn: Commerce Ministry

Exports of agricultural and processed food products rose by 31 per cent in the quarter to USD 7.4 billion.

Exporters meet Piyush Goyal, flag concerns on demand from Western nations

According to preliminary data released by the commerce ministry on Tuesday, merchandise exports declined to a five-month low of $35.2 billion in July

Trade imbalance

External sector needs careful management

Commerce ministry issues norms for engaging consultants

The terms of reference for engagements shall include the functions to be performed and the outputs to be delivered

India-UK trade pact negotiations to be concluded by Aug-end: Commerce Secy

Negotiations for the India-UK free trade agreement will be concluded by August 31 and ready for signing by Diwali in October, Commerce Secretary BVR Subrahmanyam said on Thursday.

Time is ripe for India to explore trade deal with AfCFTA: Commerce Secy

AfCFTA brings together the 55 countries of the African Union and eight regional economic communities to create a single market for the continent

Centre considers releasing GatiShaakti master plan in public domain

At the moment, only state and central government ministries and departments can access the portal to execute infrastructure projects in a time-bound manner

Commerce ministry looking to release new FTP before September: Official

Under the scheme, the aim is to initially focus on 50 districts which have products that are scalable and hold huge export potential

DGFT issues RCs for 1.6 mn tonnes wheat export after May 13 ban order

The commerce ministry's arm DGFT has issued registration certificates for about 1.6 million tonne of wheat to exporters having valid letter of credit, after the ban order of May 13, an official said

Piyush Goyal asks for ONDC pilot focused on non-digital traders, artisans

ONDC promotes open networks for exchange of goods and services over digital or electronic networks.

PM Modi inaugurates Vanijya Bhawan; appeals for long-term export targets

Inaugurating the new Vanijya Bhawan in New Delhi, he said that the exports play a critical role in the transition of a country from developing to developed status

India, EU trade pact to help open doors for several domestic sectors

It will open the doors, we believe, to our textiles, leather, pharma, sports goods, some agri products, handicrafts, handlooms. All this will get a bigger market: Piyush Goyal