Page 12 - India Imports

India imports 15.27 million ton fertilisers till Dec in this fiscal: Centre

India imported 152.7 lakh tonne of fertiliser, including urea and P&K, till December of the current fiscal, Parliament was informed on Friday. Sharing data in his written reply to the Lok Sabha, Minister of State for Chemicals and Fertilisers Bhagwant Khuba said: "The country imported 62.44 lakh tonne of urea and 90.26 lakh tonne of phosphatic and potassic (P&K) fertilisers during April-December period of the current fiscal". Among P&K fertilisers, the country imported 53.18 lakh tonne of Di-ammonium phosphate (DAP), 16.22 lakh tonne of Muriate of Potash (MoP) and 20.86 lakh tonne of NPK soil nutrients till December of the current fiscal. In the case of domestic production, the minister said the country's total fertiliser production reached 362.73 lakh tonne during the April-December period of this fiscal. This includes 210.98 lakh tonne of urea and 151.75 lakh tonne of P&K fertilisers. During 2021-22, the total domestic fertiliser production stood at 435.95 lakh ...

Gems and jewellery exporters feel the heat of govt curbs on gold imports

Amid rising risks to external demand, the government is concerned about widening trade deficit, bringing the focus back on curbing non-essential imports

Russia becomes India's fourth-largest trading partner, imports jump 5-fold

Amid the rising bilateral trade, India has been exploring a rupee trade settlement mechanism with Russia

Indian exports decline 12.22% YoY to $34.48 billion in December: Govt data

The data, released by the commerce ministry, also showed that the country's imports in December 2022 dropped to $58.24 billion as against $60.33 billion in the same month the previous year

India-China trade at $135.98 bn in 2022. Trade deficit crosses $100 bn mark

This is the first time the trade deficit has crossed the $100 billion mark

Govt asks utilities to import 6% of their coal need until September

India's power ministry has asked utilities to import 6% of their coal requirement until September, according to letter seen by Reuters

Private jets to jewellery: Customs duty to be hiked on 35 items in Budget

The government has also issued quality control orders to curb the imports of these non-essential items

India extends policy to import refined palm oil at lower duty of 13.75%

The duty cut made refined palm oil imports lucrative for Indian refiners, which traditionally prefer to import crude palm oil

Centre develops new metrics for imports after reports of under-reporting

In November, media reports emerged showing a $12 billion mismatch in the Indian and Chinese trade figures between January and September

The trade balance

Containing imports will not help

Traders boycott Chinese goods, CTI asks Piyush Goyal to amend import policy

The Chamber of Trade and Industry (CTI) wrote to Union Commerce Minister Piyush Goyal urging him for a change in the import policy and to make it mandatory to write the country of origin on every item

India raises base import price of palm oil, gold as prices surge globally

India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold

India imports 131.92 MT coal worth Rs 2.3 trillion in Apr-Sep this year

India imported 131.92 million tonne of coal worth Rs 2.3 lakh crore in April-September period of ongoing financial year. In FY22, the country's coal import of 208.93 million tonne (MT) was worth Rs 2,28,741.8 crore, Coal Minister Pralhad Joshi said in a reply to the Rajya Sabha. The coal import was 215.25 MT in FY21, 248.54 MT ( FY20), 235.35 MT (FY19) and 208.25 MT (FY18), the minister said. Import of coal in India consists mainly of coking coal and high grade coal, whose prices are normally higher than thermal coal. The average landed price per tonne of imported coal up to September of current financial year was Rs 19,324.79 while the average notified price per tonne (ex-colliery) of domestic coal was Rs 2,662.97 in the same period. India imports coking coal and other high gross calorific value (GCV) coal as domestic production is limited due to either scarce reserves or non-availability. Imported coal based (ICB) power plants in the coastal region import coal as they are so .

India's palm oil imports jumed 29% to 1.14 million tonnes in Nov: Report

Higher imports by India, the world's biggest palm oil buyer, would help top producer Indonesia cut its inventories and support benchmark Malaysian palm oil prices

UAE emerges as second biggest tea importer from India after CIS bloc

The United Arab Emirates (UAE) emerged as the second largest importer of tea from India after the Commonwealth of Independent States (CIS) as a block, according to the latest data released by Tea Board. During the period from January to September 2022, UAE imported 28.58 million kilograms of tea from India, a rise of 159 per cent from the similar nine-month period of 2021. CIS countries imported 38.06 million kilograms during that period in 2022, up from 33.34 million kilograms in the corresponding period of 2021. Tea industry sources said that the exporters are looking for other avenues as shipments to Iraq, an erstwhile major importer, reduced to zero due to payment issues. "It is good to see that UAE is now importing Indian tea in a big way. This augurs well for the exporters as it is a major consumer of the premium orthodox variety," an exporter said. Besides Iraq, shipments to another major buyer Iran are also suffering due to economic sanctions imposed by the US and also bec

Top Headlines: Govt to curb imports of Chinese fans, rural FMCG demand dips

Business Standard brings the the top headlines at this hour

Rural distress harming MSMEs, pulling down manufacturing: Economists

Government's PLI schemes can help manufacturing and reduce import dependence in some sectors, say some experts

Need separate ministry for pharma to counter Chinese imports: Industry CEOs

The government needs to set up a separate ministry for the pharma sector to encourage domestic producers and decrease Chinese imports, opined CEOs while participating in a discussion on the challenges being faced by the sector. In a CEO Roundtable at the 15th edition of CPHI & PMEC India held on Tuesday, the Chief Executive Officers (CEOs) of companies, including those from RPG Life Science and Fermenta Biotech, also discussed ways to shift the focus of the domestic industry from volume to value. The leaders also pointed out the need to reduce dependency on China by using technology. Organisation of Pharmaceutical Producers of India (OPPI) Director General Vivek Sehgal said that the industry needs to collaborate and co-work and unite for collective voice on IPR related issues. The leaders also discussed having a single industry organisation to put across the grievances of the pharma industry before the government. Speaking at the inaugural session of the 15th edition of CPHI &

India's finished steel imports from Russia hit 4-year high in April-October

India's finished steel imports from Russia during April-October rose to their highest in at least four years, government data showed

ECTA: The dawn of a new era in Indo-Aus relations

Indian exports and manufacturing will be equally benefited with the duty-free import of raw materials from Australia for their competitiveness