Page 22 - India Trade

Trade with US, China: PHDCCI calls for mass production of commodities

In the fiscal year 2021-22, the US was India's largest trade partner, followed by China

New era for overseas trade as Indian cargo moves via Bangladesh ports

The successful completion of a trial run for trans-shipment of cargo movement from Kolkata to the northeast through Mongla port in Bangladesh marks a new era in connectivity for New Delhi and Dhaka.

Trade settlement in rupee: Fearing sanctions by West, banks seek clarity

Large banks with overseas operations have sought clarity and assurance from RBI that they will not be targeted with sanctions for facilitating rupee trade with a sanction-hit country such as Russia

Govt orders restrictions on export of maida, semolina and wheat flour

Last month, the government had curbed exports of wheat flour and before that it had banned wheat exports on May 13

Why using CPI for REER calculation has been self-destructive for India

Given its stage and uncompetitive infrastructure, India's approach has been largely naïve or self-destructive

Commerce ministry issues norms for engaging consultants

The terms of reference for engagements shall include the functions to be performed and the outputs to be delivered

CII-Exim Bank conclave: Goyal calls for deepening trade ties with Africa

The trade between India and African countries has been balanced with exports of trade and services of about $40 billion and imports of $49 billion, Goyal said

KKR India advisor, TCS CEO among 29 members inducted in Board of Trade

The Board, chaired by commerce and industry minister Piyush Goyal, advises the government on policy measures to improve the country's foreign trade

Explained: INSTC, the transport route that has Russia and India's backing

INSTC is a 7,200 km-long transportation network offering the shortest connectivity route to its member states. It was established on September 12, 2000, by Iran, Russia and India

India's trade with crisis-hit Sri Lanka 'at standstill': Exporters

Exporters are very cautious because of the political crisis and payment issues: FIEO Vice-Chairman Khalid Khan

Asian countries in talks for settling trade in domestic currencies

Countries to accept trading partners' currency; move aimed at reducing dollar dependence

Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data

Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback

Rupee settlement to help India trade with Russia, Iran and others: Experts

On Monday, the Reserve Bank of India said it had put in place a mechanism for international trade settlements in Indian rupees (INR) with immediate effect

Neighbours, Russia can help convert 16.38% of India's trade into rupees

The rupee's use in trade settlement would help the RBI in conserving foreign exchange. India's forex reserves have fallen by more than Rs 1 trillion since the outbreak of the Russia-Ukraine war

RBI allows settlement in rupee to settle trade with Russia, Sri Lanka

Exchange rate of two trading partners may be market determined, says central bank

Indian influence in South Asia declines as China expands foothold

China's exports to the region grew over five times between 2005 and 2020

Need to monitor arsenic contamination in lychee, mango trade: Experts

In the season of mangoes and lychees from Bihar flooding the domestic markets and some of it lined up for exports, arsenic contamination through food trade remains a lesser discussed issue

Iran starts transfer of Russian goods to India by using new trade corridor

Since Russia was sanctioned over its war on Ukraine, Iranian officials have been keen to revive a stalled project to develop North-South Transit Corridor that uses Iran to link Russia to Asian markets

WTO MC12: Draft on fisheries subsidies does not meet India's demands

The draft specifies a transition period of seven years for developing nations, instead of 25 years, for exempting some developing countries from subsidy cuts

Can BJP leaders' remarks on Prophet affect India's trade ties with Gulf?

India's relations with West Asian countries have been shaped by energy, trade