Page 24 - Commerce Ministry

Commerce min notifies procedure for imports under India-Mauritius FTA

Commerce ministry notified tariff rate quota for certain items including pineapples, tunas, beer made from malt, rum and procedure for imports of those goods under India-Mauritius free trade agreement

Commerce Min recommends anti-dumping duty on Vitamin C from China for 5 yrs

The domestic industry has been impacted due to the dumped imports, DGTR has said in a notification.

India's exports to ASEAN seen at $46 billion in FY22: Minister

India is likely to record exports worth $46 billion to the ASEAN region, Minister of State of Commerce and Industry Anupriya Patel said on Tuesday

Foreign direct investments rise to $12.1 billion in May: Piyush Goyal

Foreign direct investments into the country is on the rise, jumping to USD 12.1 billion in May this year, Commerce and Industry Minister Piyush Goyal said on Monday.

80% fee cut for recognised institutes applying for patents: Piyush Goyal

Total fee - filing, publication, and renewal - for an institute, which is around Rs 4.24 lakh now, will be reduced to Rs 84,900

Govt may set up independent regulatory authority for e-commerce sector

Commerce minister Piyush Goyal on Friday chaired a meeting to review the ONDC initiative, along with members of its advisory committee

FTAs will be finalised after discussions with industry: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Thursday assured the industry that the government will protect its interests in free trade agreements (FTAs)

India will fast track trade deals with six nations: Commerce Secretary

The earliest one may be inked with the UAE

RoDTEP tax refund rates likely by Friday, says Commerce Secretary

The scheme will ensure that exporters receive refunds on the embedded taxes and duties previously non-recoverable

India will fast track trade deals with six nations: Commerce Secretary

India has to engage with the rest of the world; will otherwise be shut from global markets

Exports up over 50% to $7.41 bn during August 1-7, shows govt data

The country's exports rose by 50.45 per cent to USD 7.41 billion during August 1-7, on account of healthy growth in the shipments of engineering goods, gems and jewellery as well as petroleum products, according to provisional commerce ministry data. Imports during the week too grew by about 70 per cent to USD 10.45 billion, leaving a trade deficit of USD 3 billion. Exports of engineering goods increased by 63 per cent to USD 834 million. Similarly, the outbound shipments of gems & jewellery rose by 121 per cent to USD 418 million. For petroleum products exports increased 145 per cent to USD 522 million, the data showed. However, exports of iron ore, oil meals and oil seeds recorded negative growth. Oil imports during August 1-7, jumped by about 141 per cent to USD 1.80 billion. Similarly, imports of electronic goods rose by nearly 31 per cent to USD 308 million. Gold imports during the period declined by 12.48 per cent to USD 100 million. Exports to the US, UAE and Saudi Arab ..

Gadkari asks private players to come forward for developing social bonds

Union Minister Nitin Gadkari on Monday asked all private sector entities to come forward for the development of social bonds

Govt must ask exporters how diplomats can help

The External Affairs Ministry and the Commerce Ministry should interact with the exporters and find out what they actually need from our diplomats abroad and try to meet their specific requirements

Core sector output rises 8.9% YoY in June, sequential growth 1.1%

In June 2020, the core sector output contracted 12.4 per cent due to the restrictions imposed across the country to control the spread of Covid-19

Exports of livestock products increase to Rs 7,543 cr during Apr-June

The country's exports of livestock products have increased to Rs 7,543 crore during the first quarter of this fiscal, as against Rs 3,668 crore in the same period last year, the commerce ministry said

Exports rise 45% to $22.4 bn during July 1-21: Commerce ministry data

The country's exports grew 45.13 per cent to $22.48 billion during July 1-21 on account of healthy growth in sectors such as gems and jewellery, petroleum and engineering

India sees significant improvement in UNESCAP score on trade facilitation

India has seen a "significant improvement" in the UNESCAP's Global Survey on Digital & Sustainable Trade Facilitation with a 90.32 per cent score. After evaluation of 143 economies, the Survey 2021 has highlighted India's significant improvement in the scores on all five key indicators -- transparency, formalities, institutional arrangement and cooperation, paperless trade and cross-border paperless trade. India has scored 90.32 per cent in the global survey on Digital and Sustainable Trade Facilitation. This is a remarkable jump from 78.49 per cent in 2019. Under the transparency indicator, the country scored 100 per cent in 2021, up from 93.33 per cent in 2019. The score for 'paperless trade' improved to 96.3 per cent in 2021, from 81.48 per cent in 2019. The score in the institutional arrangement and cooperation indicator improved to 88.89 per cent, from 66.67 per cent in 2019. In a statement, the Finance Ministry said that India has seen "significant improvement" in the score

Working on plan to boost agri exports from Ladakh: Commerce Ministry

A comprehensive plan of actions is being worked out to promote the export of agricultural produce from the Union Territory of Ladakh, the Commerce Ministry said on Thursday.

Over 17,200 new companies set up in India during April-June 2021

More than 17,200 new companies were set up in the country during April to June this year while a total of 13.7 lakh companies were active at the end of June, according to official data.

Think tank recommends India to establish new trade negotiating body

A think tank paper has recommended India to establish a new body of experienced trade negotiators with a designated trade representative within the ministry of commerce