India and Nepal step up efforts to ease cross-border trade stress

India and Nepal are stepping up efforts to streamline the flow of goods across the border into the Himalayan nation that has been till now marred by restrictive routes and logistical hurdles. The solutions being considered are India-funded integrated checkposts and even new rail routes to beat the kilometre-long lines of trucks at the India-Nepal […]

read more

Fresh spells of rains boosts Kharif planting

Kharif crop planting has picked up in the past week, boosted by fresh spells of rains in particularly northeast and eastern India, but still is marginally lower than the level this time last year. Planting on 924.76 lakh hectares this season is 1.48% less than a year earlier, data from the agriculture ministry showed on […]

read more

Group of ministers on RCEP likely to meet on August 14

A group of ministers (GoM) set up to recommend whether India should continue to be part of the 16-member Regional Comprehensive Economic Partnership (RCEP) is likely to meet on August 14, even as officials from various departments shared their concerns on the proposed pact with senior commerce department officials on Friday. While the steel ministry […]

read more

RCEP trade ministers to meet on Aug 30-31 in Singapore

Trade ministers of RCEP member countries, including India and China, will hold a crucial meeting in Singapore on August 30-31, an official said. The meeting is important as the 16-member bloc now needs specific political guidance to move the negotiations further, the official added. RCEP mega trade pact aims to cover goods, services, investments, economic […]

read more

Swiss minister discusses exchange of information with Sushma Swaraj

India and Switzerland on Thursday discussed the activation of Automatic Exchange of Information, as visiting Swiss Foreign Minister Ignazio Cassis met External Affairs Minister Sushma Swaraj on Friday. This assumes significance in the wake of the government’s campaign against black money. A review was undertaken on the progress on Trade and Economic Partnership Agreement which […]

read more

‘Niryat Mitra’ mobile app to help exporters: Prabhu

Niryat Mitra’ mobile app, developed by the Federation of Indian Export Organisations (FIEO), will help Indian exporters and add to the ease of doing business of the community, said Commerce Minister Suresh Prabhu. Launching the Niryat Mitra Mobile App, Prabhu said this was a step towards Digital India and expressed his confidence to further increase […]

read more

Centre to provide Rs.15/kg discount on pulses under State support schemes

The Cabinet Committee on Economic Affairs (CCEA) on Thursday decided to provide a discount of Rs.15/kg on pulses, over the wholesale market price, to States for distribution under welfare schemes like mid-meal, Public Distribution System, and Integrated Child Development Programmes (ICDP). States and Union Territories will be offered to lift 34.88 lakh tonnes of Tur, […]

read more

India on track to stay among fastest growing economies: IMF

Observing that India’a near-term macroeconomic outlook is broadly favorable, the International Monetary Fund (IMF) has said that the country is on course to hold its position as one of the fastest growing economies in the world. Following its Executive Board’s assessment concluded last month, the IMF said on Tuesday that key risks to the Indian […]

read more

New ecommerce policy will help India in WTO negotiations: Commerce department

The commerce department has asserted that India requires a domestic ecommerce policy as there was pressure from developed countries on it to take part in WTO negotiations on online trade and also to counter China’s domination in the digital space. The commerce department’s draft ecommerce policy has come in for criticism from several quarters including […]

read more

US export to India increases by 28.42 pct to $15.5 bn in first six months of 2018

The US’ export to India in both goods and services has increased this year, resulting in the substantial drop in trade deficit as compared with the last year, according to the latest official figures. As per the figures available with the US Department of Commerce’s Bureau of Census, in the first six months of this […]

read more