Page 28 - Commerce Ministry
WPI inflation falls 0.58% in July, food prices spike: Govt data
Inflation in food articles during July stood at 4.08 per cent, as against 2.04 per cent in June
 "WPI inflation falls 0.58% in July, food prices spike: Govt data")
China extends anti-dumping tariff on Indian fibre optic product for 5 years
China previously slapped an anti-dumping tariff on the same Indian product for five years until mid-August of 2019 and then had a review of the case
 "China extends anti-dumping tariff on Indian fibre optic product for 5 years")
Gadkari to write Commerce Ministry, PM regarding export of PPE kits, masks
Nitin Gadkari said that he will write to Commerce Ministry and Prime Minister Narendra Modi regarding the export of PPE kits, facial masks and sanitisers
Accreditation scheme launched for prospecting, mining plan consultancies
An accreditation scheme has been launched for prospecting and mining plan preparation agencies, the Commerce and Industry Ministry said on Tuesday.
 "Accreditation scheme launched for prospecting, mining plan consultancies")
Commerce Min suggests expanding MEIS successor scheme to support exporters
But Revenue Department unwilling to increase tax liability under upcoming RoDTEP scheme or expand Rs 9,000 crore MEIS outlay till December
 "Commerce Min suggests expanding MEIS successor scheme to support exporters")
DGTR for anti-dumping duty on Chinese chemical to avert cheap imports
The commerce ministry's investigation arm DGTR has recommended imposition of provisional anti-dumping duty on 'PET resin' chemical from China to guard domestic players from cheap imports.
Goyal slams those decrying promotion of domestic industry under Atmanirbhar
Minister calls for "fair and reciprocal" approach to Indian goods, business among equals; is surprised at criticism of govt for trying to provide level-playing field to Indian enterprises
 "Goyal slams those decrying promotion of domestic industry under Atmanirbhar")
DGTR recommends CVD on certain steel product imports from Indonesia
The Commerce Ministry has recommended imposition of provisional countervailing duty (CVD) on certain steel products from Indonesia to guard domestic manufacturers from subsidised imports.
July exports recovered to 91 per cent of July 2019 levels : Piyush Goyal
Non-gems & jewellery, petroleum exports also rose, picking up significantly towards month-end
 "July exports recovered to 91 per cent of July 2019 levels : Piyush Goyal")
Govt to look into concerns of Japanese investors, says Piyush Goyal
Inter-minister group will hear out challenges to investments, and hand hold 50 Japanese companies
 "Govt to look into concerns of Japanese investors, says Piyush Goyal")
PLI scheme to be expanded to furniture, leather sectors as MEIS wounds up
The new scheme would replace the existing Merchandise Exports India Scheme (MEIS), introduced in April 2015
 "PLI scheme to be expanded to furniture, leather sectors as MEIS wounds up")
All PPE export applications rejected as Commerce Ministry revises criteria
After all the export applications for PPE coveralls for rejected, the Commerce Ministry has issued revised procedure and criteria
US remains India's top trading partner for 2nd consecutive year in 2019-20
The bilateral trade between India and China has dipped to $81.87 billion in 2019-20 from $87.08 billion in 2018-19
 "US remains India's top trading partner for 2nd consecutive year in 2019-20")
Govt lifts ban on PPE exports, sets a monthly quota of 5 million units
Industry hails move, wants Government to allow N95 masks too
 "Govt lifts ban on PPE exports, sets a monthly quota of 5 million units")
RBI's one-time restructuring scheme may be limited to Covid-hit sectors
Firms from the aviation, hospitality, and retail sectors are expected to be allowed to avail of the new scheme
 "RBI's one-time restructuring scheme may be limited to Covid-hit sectors")
Power sector hopes for reforms at state level as Centre curbs imports
Given the federal structure in the power sector, most states float tenders different from the Centre and adopt separate selection criteria, mostly tilting towards low cost.
 "Power sector hopes for reforms at state level as Centre curbs imports")
External affairs, commerce ministries differ on invitation by RCEP nations
External affairs ministry opposes India joining it, but commerce dept open to studying new proposal
 "External affairs, commerce ministries differ on invitation by RCEP nations")
Goyal expects better exports performance in May, contraction to be lower
There was a huge decline in exports in April but "my sense is that in May, it will improve significantly", he said while speaking at CII's Export Summit
 "Goyal expects better exports performance in May, contraction to be lower")
Centre looks to nudge more MSMEs into manufacturing to reduce imports
Sources across ministries confirmed that Narendra Modi's call to "go vocal for local" will be achieved through a host of measures, running into the dozens, and will focus on long-term goals.
 "Centre looks to nudge more MSMEs into manufacturing to reduce imports")
Market Ahead, May 13: Top Factors That Could Guide Markets Today
Today, a total of 10 companies, including Maruti Suzuki India, MPhasis, and ABB are scheduled to announce their results
 "Market Ahead, May 13: Top Factors That Could Guide Markets Today")