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Kerala exporters demand simpler paper work in export incentive schemes

Exporting community in Kerala has demanded that the Commerce Ministry should ensure that paper work involved under export schemes should be simplified. Kerala exports value-added products such as tea, coffee, cashew, coir products, bamboo and handicrafts. Some of the issues hampering the export trade could be rectified through suitable amendments in the Revised Foreign Trade […]

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Two MoUs signed to push agri-entrepreneurship in Odisha

State-owned Agricultural Promotion and Investment Corporation of Odisha Ltd (APICOL) on Wednesday signed two Memoranda of Understanding (MoUs) to promote agriculture entrepreneurship and enhance the income of farmers. One MoU was signed with Professional Assistance for Development Action (PRADAN), a non-government organisation, to promote entrepreneurial ventures at the grassroots level, whereas another MoU was signed […]

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Seven member committee formed to issue IGST related problems for exporters

In a big breather for city based exporters who are facing the problem of delay in the processing of integrated GST (IGST) refund and other problems related to customs department, a seven member committee comprising of IRS officers of customs commissionerate Ludhiana and city businessmen has been formed which will work on solving these issues. […]

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India to rank trade partners to gauge restrictiveness

India is developing an index to rank eight of its major trading partners and countries it is pursuing free trade agreements (FTA) with, to gauge their restrictiveness to cross-border movement of professionals, a crucial area of interest for the country. The commerce and industry ministry has begun an exercise to rank the US, Canada, Australia, […]

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Bumper rice and wheat output pushes grain yield close to 285 million tonnes

Rice and wheat production in the country scaled new heights to make up for the dip in pulses and coarse cereals output and took total foodgrain output in 2018-19 to 284.95 million tonnes (mt), matching the 285 mt foodgrains produced in the previous year (2017-18), according to the fourth advance foodgrain estimates released by the […]

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Bilateral trade between India and Oman reached $6.7 billion

India’s Ambassador to Oman has praised the Indian community in the Sultanate for their efforts in creating closer ties between the two nations. In his Independence Day address, Munu Mahawar said the two nations had a mutually helpful strategic partnership and looked forward to further cooperation in the future. Bilateral trade between the two nations […]

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Trump Admin urged to resolve trade tensions with India

A top American lawmaker has urged the Trump Administration to resolve the trade tension with India as soon as possible, saying the dispute benefits none. This ongoing trade dispute does not benefit either nation and it is hurting Californians. India has long been a friend and strategic partner of the United States, and I urge […]

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PM Modi tells Trump India, US will hopefully meet soon to discuss trade

Prime Minister Narendra Modi told US President Donald Trump that he is hopeful that representatives from the two countries will meet again soon to discuss trade issues, the government said in a statement on Monday. Modi expressed hope that India’s commerce minister and the US trade representative would meet soon to discuss bilateral trade prospects, […]

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Exports Surge 2.25% in July, trade deficit narrows to $13.43 billion

India’s merchandise exports rebounded and grew 2.25% in July, aided by higher shipments of organic goods, drugs and pharmaceuticals, while imports shrank, narrowing the trade deficit. Exports had slumped 9.71% in June on the back of intensifying trade tensions between the US and China. The government has started work on measures to boost exports, including […]

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Exports growth to be in double digits this fiscal: Commerce Secretary

Exports growth of the country in the current fiscal is likely to be in double digits despite the challenging situation both on the external and internal fronts, Commerce Secretary Anup Wadhawan said here on Wednesday. In the last financial year, growth in exports was between nine and ten per cent and the volume touched USD […]

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