Page 20 - Commerce Ministry

Wheat consignments examined by customs can be exported: Commerce Dept

Announcement comes days after DGFT banned all wheat exports to bolster falling stocks and manage food security; govt also allows wheat already being loaded at Kandla to head to Egypt

WPI inflation hits 15.08% in Apr, in double-digits for 13th straight month

Wholesale price inflation rate is now in double digits for 13 consecutive months.

Commerce ministry to hold inter-ministerial consultations on May 18

The commerce ministry has convened an inter-ministerial meeting on May 18 to hold consultations on issues that are likely to figure prominently in the forthcoming meeting of the WTO

Top headlines: JSW Group's $7 bn bid, taxing digital companies, and more

Here are the top headlines on Tuesday

Sustaining export growth

Commodity prices will push up trade deficit

India-UAE trade pact: Comm min to soon come out with detailed FAQs

The commerce ministry will soon come out with detailed FAQs on the recently implemented free trade agreement between India and the UAE to help the domestic industry understand benefits of the pact

Pharma exports touch Rs 1.83 trillion in 2021-22: Commerce ministry

The exports in 2021-22 sustained a positive growth despite the global trade disruptions and drop in demand for COVID related medicines

Indian-American sworn in as asst secy of commerce for global markets

Indian American Arun Venkataraman was sworn in as the Assistant Secretary of Commerce for Global Markets and Director Gen of the US and Foreign Commercial Service

Five-fold increase in patent grant annually since 2014: Commerce ministry

On the occasion of this World IP day, the ministry will be organising a conference on 'Leveraging India's Demographic Dividend through IP' here tomorrow

How India achieved $50 billion export target in agriculture sector

The Department of Commerce charted out a plan to address these issues and 'for the first time reached out to not just the States but also at the district and village level farmers'

Commerce ministry to conduct programmes to promote UAE, Aus trade pacts

These programmes are planned to be conducted in cities, including Hyderabad, Chennai, Bengaluru, Mumbai, Surat, Ahmedabad, Delhi and Agra

FIEO pitches for setting up of a committee to evaluate import trends

The issue was raised by FIEO Chairman A Sakthivel during a meeting, chaired by Commerce and Industry Minister Piyush Goyal, on April 20

Currency devaluation detrimental to nation's export interests: Piyush Goyal

He also said it is important for India to expand exports significantly and encourage investments to increase foreign exchange inflows into the country

Service exports growth in India is lower than global average: Data

Bangladesh's service exports grew faster; Asia's growth averaged 16.9% compared to India's 16.6% growth in service exports

Govt eases certain norms under EPCG scheme to promote ease of doing biz

Under the scheme, imports of capital goods are allowed duty free, subject to an export obligation

Domestic patent filings surpass international ones after 11 years

Total of 19,796 patent applications filed, 10,706 54% were filed by Indian applicants as compared to 9,090 by non-Indian applicants

Number of patent filings rises to 66,440 in FY22: Commerce ministry

The number of patent filings increased from 42,763 in 2014-15 to 66,440 in 2021-22 due to steps taken by the government to strengthen intellectual property rights regime of the country

India, Australia working in Quad to ensure peace in Indo-pacific: Goyal

Goyal noted that India and Australia working closely together in Quad to ensure peace and stability and order in the Indo-pacific region especially geopolitical alignment.

India's exports rise by 37.57% to $9.32 bn in 1st week of 2022-23

Export excluding Petroleum, has increased in this period by 24.32% over same period of 2020-21 and up by 392.46% over same period of 2019-20

'Better late than never', says Piyush Goyal on India-Australia trade deal

Goyal underlined the importance of the India-Australia Economic Cooperation and Trade Agreement, saying even though the agreement was signed a bit late but its "better late than never."