Page 13 - Imports

India considers curbing fridge imports to boost local industry: Report

Sources say the government is considering mandating that importers seek a licence from the authorities, replacing the existing free-import regime

Exports up 15.46% in May; trade deficit widens to a record $23.3 billion

India's merchandise exports grew 15.46 per cent YoY to $37.29 billion in May

Lockdown, steel output restrictions hit exports to China, shows data

The exports basket is largely dominated by steel, iron ore, copper, paper products, plastics, organic chemicals, among others

Spiraling inflation may boost gold demand as a hedge, says UBS report

Imports were only worth $34.62 billion in the pandemic-hit FY21.

Exports rise 30.7% to $40.19 bn in Apr; trade deficit widens to $20.11 bn

Imports during the month of April under review grew by 30.97 per cent to USD 60.3 billion.

Amid rising imports, Centre mulls boosting production of specific items

Government officials also told industry representatives that exports and domestic production are inter-linked

April exports up 24% at $38 bn on petro products, electronics push

Imports during the month under review grew 26.55% to $58.26 billion

Govt puts import curbs on certain waste, scrap of precious metals

The DGFT amended the import policy for ash containing precious metal or precious metal compounds, including gold, platinum and silver, to "restricted" from "free"

Nepal bans import of luxurious items to save declining forex reserves

Earlier in March, the central bank had instructed the commercial banks not to import gold exceeding 10 kg per day, half the quantity compared to the previous provision

It's not in India's interest to increase imports of Russian energy: WH

India buys less than one per cent of its total oil imports from Russia

Increased duty on imported goods to add fillip to self-reliance, says FM

Sitharaman said the Atma Nirbhar philosophy is a guiding principle but it is not blindly applied in a manner that it affected the Indian interests.

Sri Lankan economy facing mounting debt crisis, urgent reforms needed: IMF

Sri Lanka is currently reeling under a severe foreign exchange crisis with falling reserves and the government is unable to foot the bill for essential imports

Japan's trade deficit soars to 8-year high as commodity imports jump

The growing trade deficit highlights the world's third-largest economy's vulnerability to soaring commodity costs, on which manufacturers rely for production at home

Govt bans import of foreign drones to boost Make in India, lists exceptions

The decision has been taken with a view to promote local manufacturing under Make in India scheme

India initiates anti-dumping probe against imports of vinyl tiles

They have submitted that the industry and the product are at a nascent stage

Japan's Dec exports, imports hit record high by value as supply eases

However, a persistent semiconductor shortage remains a headache for Japanese firms such as automaker Toyota

India's sea cargo tonnage near pre-pandemic levels

Reaching the pre-pandemic levels in exports and imports, even in volume ter­ms, is no mean achievem­ent

Big drop in toy imports in last three years, says Piyush Goyal

He said the government is protecting the interest of the domestic toy industry

Too early to celebrate economic recovery in India: Arvind Subramanian

Stock markets reflect the Indian economy less. It would be a kind of policy mistake to infer from this (stock boom) anything about the diverse Indian economy, said Subramanian

US Congress passes bill banning imports from China's Xinjiang

US Congress on Thursday passed a bill banning imports from China's Xinjiang region over forced labour of the Uyghur Muslims.This is likely to worsen tensions between Washington and Beijing. The Uyghur Forced Labour Prevention Act was passed in the Senate on Thursday by unanimous consent after being approved by the House of Representatives earlier this week, Kyodo News reported.It needs to be signed into law by President Joe Biden, which the White House said he will.It requires U.S. customs authorities to presume goods manufactured in Xinjiang are made with forced labour and that they should be banned from import, except for items from importers that can provide clear evidence to the contrary."This Senate will not stay silent in the face of genocide against the Uyghur people," Democratic Senate Majority Leader Chuck Schumer tweeted. "America will not stand for it, and the global community shouldn't either."China has been rebuked globally for the crackdown on Uyghur Muslims by sending ..