Page 20 - Commerce Ministry

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."

'Commerce Ministry unaware EOUs are not bonded warehouses'

Apparently, the Commerce Ministry is not yet aware of these changes, and so, the SEZ Rules, 2006, remain unchanged.

India is open for biz; to expand global footprint, says Piyush Goyal

PM Modi's government looks at a trade deal very seriously, examining its potential for the next 50 years, says Goyal

India, Australia trade pact to boost engineering goods exports

India has signed a trade deal with Australia less than a week after inking a Comprehensive Economic Partnership Agreement with the United Arab Emirates

PNB acquires 5.97% stake in ONDC in first tranche

ONDC is an initiative of the Ministry of Commerce and Industry to promote open networks for all aspects of the exchange of goods and services over digital networks

Commerce ministry to extend foreign trade policy for some more months

Last year in September, the government extended the Foreign Trade Policy 2015-20 till March 31, 2022, due to the COVID-19 pandemic. The present policy came into force on April 1, 2015.

Centre deliberating on e-commerce policy draft, says CAIT

According to CAIT, Goyal advised the officials to explore the possibilities of formation of a regulator for e-commerce trade so that laws and rules are followed in both letter and spirit

Govt recommends continuation of anti-dumping duty on Chinese Aluminium foil

The commerce ministry has recommended the continuation of anti-dumping duty on Chinese aluminium foil, used in food and pharma sectors, for five years to guard domestic players from cheap imports.

Piyush Goyal asks auto cos to cut import dependence, increase innovation

Commerce and Industry Minister Piyush Goyal expressed disappointment over certain auto companies continuing to import even those components which can be qualitatively manufactured in India.