News & Events List


14

07/2018
India could climb up to be 5th largest economy next year: Arun Jaitley

India could soon emerge as the world’s fifth largest economy if it continues to maintain its current pace of growth, according to Finance Minister Arun Jaitley.  &...

12

07/2018
Chile launches campaign to promote kiwifruit in India

Setting its sights on increasing its share of fresh fruits exports to India, Chile has launched a first-of-its-kind campaign to promote kiwifruit in India. The idea behind this...

11

07/2018
Export of oilmeals between April & June ’18 up by 9% to 6,54,774 tonne

The export of oilmeals during June 2018 was provisionally reported at 1,66,833 tonne compared to  2,51,124 tonne in June 2017. The overall export between April and June 20...

09

07/2018
US-China trade war may reopen oilmeal export window for India

Our Bureau Amid the US-China trade war, the Indian oilmeal sector has spotted an opportunity for the possible resumption of Chinese imports of Indian oilmeals.   The S...

07

07/2018
South Korean President to arrive in India on Sunday

South Korean President Moon Jae-in will visit India from July 8 to 11 during which new partnerships are expected to be forged, particularly in the economic domain.   E...

05

07/2018
Suresh Prabhu expects 20 per cent growth in exports

Commerce Minister Suresh Prabhu today said he is expecting around 20 per cent growth in exports in June.      In May, exports recorded over 20 per cent gro...

04

07/2018
Indian seafood export touches new high at $7.08 billion

Striking a new high, India’s seafood export at 13, 77,244 tonnes earned Rs 45, 106.89 crore in 2017-18.    The quantity was up by 21.35% while the value ros...

29

06/2018
PM interacts with business leaders in Mumbai

Prime Minister Narendra Modi on Tuesday met and interacted with business leaders in Mumbai.   41 business leaders representing a wide spectrum of the Indian economy we...

28

06/2018
Livestock export from Nagpur airport to begin from June 30

For the first time, livestock of sheep and goat will be exported to Sharjah from Nagpur airport on June 30. According to statement, around one lakh sheep and goat will be expor...

27

06/2018
Mango exports break all record this year

The country has exported around 1,190 tonne of mangoes to the United States of America (USA) this season — an all time high.   The country’s mango export t...

26

06/2018
Need to increase India's share in global exports to 3.4 pc: Modi

Prime Minister Narendra Modi on Friday called for India to more than double its share in global exports from the current 1.6 per cent to 3.4 per cent.   Speaking after...

25

06/2018
Exports from SEZs up 38 per cent in May at Rs 29,000 crore

Exports from special economic zones (SEZs) grew by 38 per cent in May to Rs 29,236 crore, according to data by EPCES.    Export Promotion Council for EoUs and SEZ...

23

06/2018
Hike in import duty on US produce to India to be applicable from Aug 4

The hike in import duty on agricultural produce from the United States, such as Bengal gram, lentils (masur) and chickpeas, has been notified by India and will be applicable wi...

22

06/2018
To bridge trade gap, China opens door to Indian raw sugar

India will export 1-1.5 million tonne of raw sugar to China after almost a decade and is waiting for a formal notification from Beijing greenlighting the consignment. Though su...

21

06/2018
Govt to spend $1 bn to boost services exports: Prabhu

Commerce and Industry Minister Suresh Prabhu on Monday said the government has planned to spend $1 billion to boost export of services from the country as trade in services is ...

20

06/2018
India working towards becoming $5 trillion economy by 2025, says President Ram Nath Kovind

India is striving to become a USD 5 trillion economy and the world’s third largest consumer market by 2025, President Ram Nath Kovind has said as he highlighted investmen...

19

06/2018
Common standards to ease biscuits, sugar & milk trade in South Asia

India and its neighbours have for the first time agreed on common standards for biscuits, refined sugar and milk products that will reduce the need for inspections at border po...

18

06/2018
India will be $10 trillion economy in 10-15 years: Suresh Prabhu

Suresh Prabhu, minister of Commerce and Industry, Civil Aviation, on Tuesday took to his twitter account to say that India would be a $10 trillion economy in 10-15 years. Prabh...

16

06/2018
Cotton exports likely to jump 43% in 2018-19

India's cotton exports are expected to jump 43 per cent to 10 million bales (of 170 kg each) in the 2018-19 marketing year on strong overseas demand, especially from China,...

15

06/2018
India, US to soon hold talks on trade issues

Commerce and industry minister Suresh Prabhu has said India’s purchases of commercial aircraft and gas from the US would help bridge the trade deficit between the two cou...

14

06/2018
Bengal to export mangoes to Dubai

West Bengal has produced around nine lakh tonnes of mangoes this year and is also set to export them to Dubai and Hong Kong, said a senior minister on Saturday.   The ...

13

06/2018
Chinese officials to visit India to inspect non-basmati rice mills

A team of Chinese officials will visit India by the end of this month to inspect and certify some non-basmati rice mills here, allowing them to export to China, a senior govern...

12

06/2018
World Bank forecasts 7.3 per cent growth for India; making it fastest growing economy

The World Bank has forecast a growth rate of 7.3 per cent for India this year and 7.5 per cent for the next two years, making it the fastest growing country among major emergin...

11

06/2018
Gujarat plans to revive Mithivirdi, Vansi Borsi port projects

Gujarat government has started work on reviving two greenfield port projects, which had failed to take off due to various reasons, said two senior state government officials in...

09

06/2018
Exports to China up 40 percent in 2017

India's exports to China in 2017 increased by 40 percent to $16.34 billion, said export association Federation of Indian Export Organisations (FIEO) said on Wednesday. &n...

08

06/2018
India may play role of balancer between Russia and China at SCO

India will play critical role at the SCO beginning with the Summit this weekend as a balancing power between key member states Russia and China in the Eurasian landscape, which...

07

06/2018
Here’s what Suresh Prabhu is doing to boost India’s exports

As many as 15 projects, including setting up of a cold chain in Madhya Pradesh, were approved under by a commerce ministry scheme to develop infrastructure for promoting export...

06

06/2018
India seeks to fast-track pact with MERCOSUR

India has asked the MERCOSUR countries to fast-track negotiations for the expansion of the India-MERCOSUR Preferential Trade Agreement (PTA), which is in line with Prime Minis...

05

06/2018
WTO to set up dispute panel on India-US case on export subsidies

The World Trade Organisation's (WTO) dispute settlement body has agreed to set up a panel to examine America's allegations against certain alleged export subsidy measu...

04

06/2018
Good start: Farm exports up 11 per cent in April

India's agri exports are off to a good start in the current financial year. Shipments during April registered a growth of 11.4 per cent (Rs. 10,312 crore) and 9.5 per cent...

02

06/2018
India, Malaysia cement maritime ties

As Prime Minister Narendra Modi left to deliver the keynote address at a high-powered security summit in Singapore following his meeting with the senior-most political leader ...

01

06/2018
FICCI's Economic Outlook Survey projects GDP growth for FY19 at 7.4%

FICCI's Economic Outlook Survey projects the quarterly GDP growth forecast for Q4 2017-18 at 7.1%; taking the full year growth estimate for 2017-18 to 6.6%. The survey was...

31

05/2018
Exporters GST refund: Second phase of fast track clearance drive from Thursday

With an estimated Rs 20,000 crore exporters' refund still stuck, the government will launch the second phase of refund fortnight beginning May 31 to fast-track clearances....

31

05/2018
India’s Coal Import Declines In April Amid Diversion To Thermal Power Plants

India’s coal import fell by 9 percent to 17.32 million tonnes (MT) in April on the back of ample supply of dry fuel from domestic sources. “Coal import (all ty...

30

05/2018
Dispute panel set up at WTO to decide on India’s export subsidies

The World Trade Organisation’s Dispute Settlement Body (DSB) has agreed to establish a panel to rule on a US complaint on certain programmes in India which Washington cl...

26

05/2018
Govt hikes import duty on Walnut, almond, 3 more items

The government today raised import duties up to 100 per cent on five products, including wheat, shelled almond, walnut, and protein concentrate, which are imported from the US...

25

05/2018
Demand for 'healthy food' increases organic product exports from India

Exports of organic products from India have risen over 20 per cent in the fiscal just ended owing to the growing global appetite for healthy food that is free from chemicals a...

24

05/2018
Cheapest option for India to boost farmers' income: Pay shortfall

Prime Minister Narendra Modi pledged to double farm incomes by 2022. The most cost-effective way of fulfilling that may be by compensating farmers with cash when market prices...

23

05/2018
Open data ecosystem has the power to double farmers income by 2022.

An open data ecosystem will impact India’s GDP by $22 billion, or the equivalent of two times the amount raised through the sale of 4G spectrum in 2017, according to a s...

22

05/2018
South Korean Fresh fruit to debut in India

Local consumers will soon be able to savour South Korean pears with the government clearing the way for import of the fruit after pest-risk analysis.    ...

21

05/2018
Lesser produce of mangoes, but exporters eye newer destinations, more varieties

In a bid to boost export of mangoes by around 25 per cent, traders are exploring options of exporting varieties other than Alphonsoes to newer markets. Italy and Philippines a...

19

05/2018
Pineapple trade sniffs bonanza in Centre’s crop export policy

It’s a double bonanza for Asia’s largest pineapple market, nine years after the Vazhakkulam Pineapple got the Geographical Indicator (GI) tag. Just when the Vazhak...

18

05/2018
Centre allows export of pulses, imposes QR on import of some varieties to help farmers

 The Centre on Wednesday allowed export of pulses and levied import duty and quantitative restriction (QRs) on some variety of pulses to support domestic farmers and redu...

17

05/2018
Ghana looking at India as its industrial development partner

Ghana is looking at India as its partner for the industrial development in the African country and is expecting the bilateral-trade between the two countries to cross US $4 bi...

16

05/2018
India, Sweden hope to co-create products for global market

Nordic economic powerhouse Sweden wants to co-create products with India to build long-term relationship for the global market    Last month during Ind...

15

05/2018
Japan steps up scrutiny of garlic imported from India

Japan has increased monitoring of Indian garlic and garlic products after export samples from the country were found to have pesticide residue in March. The monitoring ...

14

05/2018
Importers from 20 countries to take part in Mumbai buyer-seller meet

Some 50 importers and buyers of tropical fruits from 20 countries will participate in a two-day Second Reverse Buyers Sellers Meet commencing from May 15 in Mumbai, an officia...

12

05/2018
Mango export to EU to get doubled

The state Food Processing Industries & Horticulture (FPI&H) department is gearing up to give a big boost to its mango export to the Europeon Union (EU) this year. The ...

11

05/2018
Goa to get export policy in 4 months: Union commerce secretary

Goa will have a dedicated export policy which will outline a strategy to promote export of manufactured goods and agricultural produce including agro-processed products. Guide...

10

05/2018
Global Kokan Mango Fest, mkt for organic farmers, to conclude in Mumbai

The Global Kokan Mango Festival, a week-long event that concludes at Nehru Science Centre, Worli, Mumbai, on May 8, 2018, made the largest platform available for the buyers in...

09

05/2018
India's 7% projected growth rate 'amazingly fast': ADB

India's projected GDP growth of over 7 per cent for the current fiscal is amazingly fast and if this momentum is maintained the size of the economy can double within a dec...

08

05/2018
Govt to roll out simplified, single GST return

The GST Council on Friday approved the rollout of a new simplified process under which a taxpayer will have to file a maximum of one GST return every month.   ...

07

05/2018
Subsidy of Rs 5.5 per quintal for sugarcane farmers approved

The government today approved a production subsidy of Rs 5.5 per quintal for sugarcane farmers to help cash-starved millers clear cane arrears that have surged to about Rs 20,...

05

05/2018
India will be next engine of global growth with new industrial policy: Suresh Prabhu

India will become the next engine of growth for the world after the launch of a new industrial policy that would focus on modernising existing industries and increasing start-...

03

05/2018
Huge potential for trade between India, southern African countries: Prabhu

India is ready and willing to assist in the development of southern African countries, Union Minister Suresh Prabhu said at a business summit here, asserting that the region h...

02

05/2018
Commerce ministry asks FSSAI, customs to cut import clearance time of food cargoes

The commerce ministry has asked FSSAI and customs authorities to clear import consignments of food products in about 48 hours at ports with a view to promote ease of doing bus...

01

05/2018
Agri Min launches new portal to help export of seeds

 Agriculture Minister Radha Mohan Singh today launched a portal to facilitate export-import of seeds and planting material.   A seed import-export port...

30

04/2018
Need for serious negotiations on US-India free trade agreement, say experts

Observing that India-US economic ties have not matched the soaring rhetoric of strategic pronouncements, eminent American experts have pushed for trade negotiation that is bro...

28

04/2018
China hails move to appoint Aamir Khan as brand Ambassador to promote trade

Ahead of tomorrow's informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping, China today hailed reports that India plans to appoint Bollywood...

27

04/2018
Government made 376 changes related to GST in 10 months: Export promotion council for SEZs

Government has made 376 changes in the Goods and Services Tax (GST) since its inception in July last year by amending rules, issuing clarifications and circulars related to re...

26

04/2018
Good news for traders Single-page GST filing system to be ready in 3-6 months, confirms Finance Secretary

Union finance secretary Hasmukh Adhia today said the proposed new single page GST return filing system will be in place over the next three to six months that will ease the pr...

24

04/2018
India’s GDP expected to reach $5 trillion by 2025: Economic Affairs Secretary

India is poised to remain the fastest growing large economy in the world and its GDP is expected to reach $5 trillion by 2025 as the economic reforms adopted in the last few y...

23

04/2018
India’s first consignment of Alphanso to US begins journey

The first consignment of Alphanso mangoes from the country has left for the US market from Vashi in Mumbai after getting approvals from American quarantine officials. The firs...

21

04/2018
Indian fruit exporters eye Central Asia: APEDA Chairman

Indian tropical fruit exporters are increasingly looking for exploring the untapped international markets of the Central Asian region, especially Kazakhstan, said APEDA Chairm...

20

04/2018
Tamil Nadu eyes market as European kids go bananas over fruit

A Recent study conducted among children in Europe found they favoured the Indian Red banana and Njalipoovan or Ney Poovan (Elakki), bringing hope to farmers in Tamil Nadu. Sig...

19

04/2018
Working on different areas to boost exports: Commerce minister Suresh Prabhu

The commerce and industry ministry is working on different areas such as improving standards of products and identifying new markets and goods to promote the country's exp...

18

04/2018
India to make South Asia the fastest growing

India’s recovering growth will drive South Asia to the fastest growing region, said World Bank’s biannual South Asia Economic Focus released on Sunday.  ...

17

04/2018
Doubling farmers’ income: Here’s why boosting agri-exports is important

In the drive to double farmers’ incomes by 2022, the agriculture minister recently tweeted, with a picture of the prime minister Narendra Modi and himself, about their r...

16

04/2018
US announces GSP eligibility review of India

Based on the market access concerns it has with India, the US on Friday announced eligibility review of India for the Generalized System of Preferences (GSP). Simultaneously, ...

14

04/2018
India will be a growth engine for global economy, says PM Modi

India will record high growth rates for a long time and will focus on its citizens’ dignity and quality of life, said Prime Minister Narendra Modi in a speech read out o...

13

04/2018
Merchant trade transaction not liable to GST: Kerala AAR

The Authority for Advance Ruling (AAR) under the GST in Kerala held that merchant trade transactions, in which traded commodities never enter the country’s tax jurisdict...

12

04/2018
Apeda eyes new markets to promote mango exports

After tapping the South Korean market last year, the Agricultural and Processed Food Products Export Development Authority (Apeda) is eyeing newer destinations such as Iran, K...

11

04/2018
Badal inaugurates Uttarakhand’s second mega food park in Kashipur

Minister for food processing industries Harsimrat Kaur Badal inaugurated Uttarakhand’s second mega food park in Mahuakhera Ganj village, Kashipur in Udham Singh Nagar di...

10

04/2018
'India needs healthy macro-economic environment to become $10 tn economy'

India will have to create and nurture a very healthy and supportive macro-economic environment to become USD 10 trillion economy by 2030, Economic Affairs Secretary Subhash Ch...

09

04/2018
FSSAI notifies draft regulations for materials used to pack food items

FSSAI has notified the draft regulations with respect to the packaging material used by food business operators (FBOs) to pack the food products. The country’s apex food...

07

04/2018
Government set up e-commerce think tank to encourage local players

The government has set up a think tank to look into ways to encourage home-grown ecommerce players and develop a domestic policy to respond to doubts raised by other countries...

06

04/2018
US-China trade war: Scope for Indian oilseed meal, cotton, maize

The trade war between the US and China could provide opportunities for Indian oilseed meal, cotton and maize producers in the Asian country’s market, according to compan...

05

04/2018
Government launches digital platforms for ease of farm export

In line with the Digital IndiaBSE -4.44 % initiative, the government has developed three online portals to make it easier to export farm products from India and reduce tran...

04

04/2018
DGFT removes port restriction for import of apples

The Directorate General of Foreign Trade (DGFT) has removed port restriction for import of apples.   DGFT in a notification said, Port restriction for impor...

03

04/2018
Govt allows export of 2 million tonnes of sugar

The government today allowed export of two million tonnes of sugar until the end of the 2017-18 marketing year, in order to clear surplus stocks and improve cash flow to mille...

02

04/2018
India, China agree to address trade imbalance

India and China Tuesday have agreed to promote a balanced and sustainable bilateral trade.   In the eleventh session of the China-India joint-group on Econo...

31

03/2018
Exim Bank extends $500 million loan facility to 15-nation group in Africa

The Export-Import Bank (Exim Bank) today said it will provide a USD 500 million credit facility to ECOWAS Bank for Investment and Development (EBID) to fund various developmen...

30

03/2018
India, Africa trade can grow 3-fold to $150 billion in 5 years: C R Chaudhary

India today expressed hope that its two-way trade with Africa would reach USD 150 billion in the next five years, from USD 52 billion currently.    Min...

29

03/2018
CBEC meets exporters to discuss GST refunds

As it tries to expedite pending refunds of the Goods and Services Tax, the Finance Ministry on Friday met exporters to discuss the main challenges.   There ...

28

03/2018
Naidu calls for India-Africa partnership

Vice President M. Venkaiah Naidu Monday said that let us develop together on a foundation of mutual trust and respect.   He was interacting with the Vice Pr...

27

03/2018
Financial assistance for export-oriented sectors

The Rajasthan government has made a provision for financial assistance to export units for participating in exhibitions organised abroad.   The move is set ...

26

03/2018
Govt prohibits pepper imports below Minimum Import Price

The Centre on Wednesday prohibited the import of pepper below the minimum import price of Rs.500/kg, heeding to a demand by domestic pepper growers.   Accor...

24

03/2018
Govt clarifies on e-way bill requirement for exports consignment

Minister of State for Finance Shiv Pratap Shukla on Thursday gave clarification on e-way bill regarding movement of goods from dry-ports to sea ports and from SEZs within the ...

23

03/2018
India must provide high-quality products to meet Japan consumers’ expectations: Envoy

Kenji Hiramatsu, Ambassador of Japan to India, has said India needs to provide high-quality products that meet the expectations of Japanese consumers. In an interview to Busin...

22

03/2018
India committed to working within WTO Framework: Prabhu

Minister of Commerce & Industry, Suresh Prabhu Tuesday said that India committed to working within WTO Framework.   The minister said this while address...

21

03/2018
APEDA holds buyer-seller meet

Agricultural and Processed Food Products Export Development Authority (APEDA), in collaboration with the department of agriculture, had organised the buyer-seller meet on Marc...

20

03/2018
India should engage with key trading partners if global trade war escalates: Assocham

India should engage bilaterally with its key trading partners to promote exports if the world witnesses an escalation of trade war, industry chamber Assocham today said. ...

19

03/2018
New Delhi to seek 8 years to phase out export subsidies at WTO

India will make a case for an eight-year transition period to phase out its export subsidies at the consultations sought by the US at the World Trade Organisation questioning ...

17

03/2018
India Offers Increased Export Opportunity to UK After Brexit: Study

Britain’s increased export opportunity to India, if it is outside the European Union, will be $3.2 billion, according to the Standard Chartered Trade Performance Index, ...

16

03/2018
RBI bans all Indian banks from issuing LoUs, LoCs

The Rs 12,700-crore fraud at Punjab National Bank has prompted the Reserve Bank of India to ban the use of letters of undertaking (LoUs) and letters of comfort (LoCs). LoUs an...

15

03/2018
Maharashtra government bets big on export of fruits, vegetables

The Maharashtra government has taken a slew of measures to promote the export of fruits and vegetables. In the last three months, the state has shipped around 2761.41 tonne fr...

14

03/2018
Sugar mills eye export of surplus

Sugar mills expect total production this season (October to September) to be 295 lakh tonnes or about 45 lakh tonnes more than the estimated domestic consumption.  ...

13

03/2018
Commerce ministry hosts Indus Foods, begins export policy consultation

The Ministry of Commerce and Industries, Government of India, hosted Indus Foods, an event exclusive to the food sector, and commenced consultation for the food export policy....

12

03/2018
Gujarat adopts ‘transparent’ agri-procurement through video, CCTV monitoring

In a first for the agri-procurement mechanism in the country, the Gujarat government plans to make videography and CCTV monitoring mandatory for the procurement of agricultura...

10

03/2018
Engineering exports to touch new high this fiscal: Commerce Secretary

Engineering exports, which have been recording a healthy growth, are expected to see a new high in the current financial year, a top central government official said today.&nb...

09

03/2018
India wants to strengthen trade ties with Egypt: Envoy

India seeks to further strengthen its bilateral cooperation with Egypt in the textiles sector through trade and investment, India's ambassador here said today.  ...

08

03/2018
Govt forms committee to study FinTech, financial inclusion of MSMEs

The Government has formed a Steering Committee to study issues relating to development of Fintech space in India and its use to enhance financial inclusion of Mirco, Small and...

07

03/2018
Government committed to support Indian investments in Europe: Akbar

The government is committed to extending every support to Indian industrys focused efforts to increase investments in European countries, Minister of State for External Affair...

06

03/2018
India's economic growth could support more US exports in future: USTR

India's economic growth and development could support significantly more American exports in the future, the Trump administration has said.    Alth...

05

03/2018
India now has over 30% of world’s organic producers

India has since long been part of the organic farming revolution. It has over 160 million hectares of arable land. According to the World of Organic Agriculture Report 2018, I...

03

03/2018
Will India capture the ‘pulse’ of export market?

Pressured by the domestic market conditions — large harvests, low prices over the last one year — the Centre recently lifted the prohibition on export of all varie...

01

03/2018
Bengaluru airport spreads scent of love across globe, exports 325 tonnes of roses

India's Garden City, Bengaluru, has lived up to his reputation by spreading the fragrance of roses across the globe this Valentine's season.  Kempegowda Internati...

28

02/2018
India-Korea Business Summit: PM Modi pitches for foreign investments, says India one of the most open economies

Pitching for foreign investments, Prime Minister Narendra Modi today said India is one of the most open economies in the world and is ready to do business with the world. Spea...

27

02/2018
Exim Bank, UNDP ink pact to extend financial support to MSMEs in N-E

Export-Import Bank of India (Exim Bank) on Friday said it has signed an agreement with the United Nations Development Programme (UNDP) for financing a project on ‘Capaci...

26

02/2018
Israeli ambassador & DoNER minister discuss start-ups, food processing

Start-ups, food processing and innovation and technology were among the topics of  common interest discussed by a delegation led by Daniel Carmon, Israel’s Ambassad...

24

02/2018
RBI sees brighter prospects for export sector

The RBI Wednesday said global trade has continued to expand, and it is expected and this should help the country's export sector.   Export growth is exp...

23

02/2018
Indians will get loans based on data, not collateral: Nandan Nilekani

India is moving in a direction where lenders will use data like GST based business flows or credit payment history, instead of collaterals, to provide loans to businesses and ...

22

02/2018
It’s time to focus on execution of policies

The government presented another Union Budget, the last before the general elections next year. There was concern all around on the possibility of it being a populist Budget w...

21

02/2018
Canada is open to trade and immigration, says PM Trudeau

Prime Minister of Canada Justin Trudeau on Monday paid a visit to Sabarmati Ashram in Ahmedabad and interacted with students and academicians at the Indian Institute of Manage...

20

02/2018
Gulfood opens at Dubai World Trade Centre

The Deputy Ruler of Dubai and the UAE’s Minister of Finance, Shaikh Hamdan Bin Rashid Al Maktoum, officially inaugurated Gulfood 2018, a food and beverage commodity expo...

19

02/2018
Govt plans meet to firm up India's stand on key issues at WTO mini ministerial

Ahead of the crucial mini ministerial meeting of 40 countries in March, the commerce ministry plans to hold discussions with industry, academia and former trade envoys on Febr...

17

02/2018
In free trade U-Turn, Modi raises India's wall of import duties

Less than a month after he declared to the World Economic Forum that India was open for business, Prime Minister Narendra Modi has raised import duties to their highest in thr...

16

02/2018
Untapped vegetable, fruit growers to get export market soon

Quality agriculture commodities that have remained unnoticed by the outside world are set to foray into the international markets as the government wants to tap unexplored are...

15

02/2018
India, Bangladesh discuss trade ties

India and Bangladesh hold a commerce secretary level bilateral talks in February 7-8, at Dhaka, the government said in a statement.   The Indian delegation ...

14

02/2018
Indian Basmati rice exporters negotiates mega deals with gulf countries

Indian exporters have negotiated mega deals that will boost shipment of Indian basmati and non-basmati rice to Gulf countries like Oman, Iraq, Qatar and Saudi Arabia. &...

13

02/2018
Modi, UAE PM discuss bilateral trade ties

Prime Minister Narendra Modi and his UAE counterpart Sheikh Mohammed Bin Rashid Al Maktoum on Sunday held an engaging discussion on expanding defence and trade ties between th...

12

02/2018
Commerce ministry for higher interest subsidy to exporters

The commerce ministry has asked its finance counterpart to enhance the rate of subsidy from 3 per cent to 5 per cent on credit provided to exporters, a senior official said to...

10

02/2018
Indian budget set to drive exports

The Hindu reported that Finance Minster Arun Jaitley said agriculture commodities such as fruits, vegetables, tea and coffee have the potential to reach US$100 billion. ...

09

02/2018
APEDA, ICAR-NCRB ink MoU to export Nendran banana via sea route to Dubai

In order to minimise the export cost, APEDA and ICAR-NCRB inked a Memorandum of Understanding (MoU) for a consultancy project, titled Development of Sea Protocol for the Trial ...

08

02/2018
Onion prices up over 30% in Maharashtra as curbs on exports lifted

Onion prices surged more than 30% over the weekend in Maharashtra after the Centre lifted export restrictions on the commodity on Friday, the day after the Budget. The decisio...

06

02/2018
Govt working on raising share of exports in GDP to 20%: Suresh Prabhu

The government will come out with a strategy document on increasing the share of exports to 20 per cent of the GDP, Commerce Minister Suresh Prabhu said today.  &n...

05

02/2018
Budget 2018: Kisan Credit Card to dairy, fisheries

The Budget has given a big boost to rural economic activities apart from agriculture with major initiatives for dairies, food processing, horticulture, aquaculture and animal ...

03

02/2018
15% export growth possible but watch out for currency, protectionism

Rupee appreciation and liquidity crunch could be the possible spoilsport in the government's expectation of exports rising 15% in 2017-18.     ...

02

02/2018
Budget 2018: Stable trade policy may bring agri cheer

The year 2017 would go down in history as a year of acute distress for a large number of farmers in India. After two consecutive drought years, they were hoping to realise a g...

01

02/2018
Budget 2018: Govt may announce National Agriculture Export Policy

To arrest the decline in farm exports, Union Finance Minister Arun Jaitley may announce a National Agriculture Export Policy in the upcoming Union Budget.   ...

31

01/2018
Economic Survey 2017-18: Highlights

GDP to grow 7-7.5% in FY19; India to regain fastest growing major economy tag GDP growth to be 6.75% in FY2017-18 Policy vigilance required next fiscal if high o...

30

01/2018
Possible for India to be in top 50 on ease of biz index: FM

Improving India's ranking in the World Bank's Ease of Doing Business index is reasonably possible if various machineries, including the tax department, make concerted ...

29

01/2018
Indian Agriculture Market Has Huge Potential, ‘Leverage Domestic Dividends’ Says USDA

During various ups & downs of the previous year, India has still retained its moderate situations among lucrative export destinations for agriculture producers. In a recen...

27

01/2018
New agri policy to promote exports: Centre

Joint Secretary in the Ministry of Commerce Santosh Kumar Sarangi on Tuesday said that the drafting of a new agricultural policy would promote export of sectoral commodities. ...

25

01/2018
Exporters ask government to speed up key infra projects

Exporters have asked the government to expedite major infrastructure projects like Sagarmala, Bharatmala and the eastern and western dedicated rail-freight corridors to help i...

24

01/2018
A simpler GST filing regime: Here are the proposed changes

In its last meeting, the GST Council deliberated changes in the filing regime for the new tax. The simplified system is expected to be approved by the Council in its next meet...

23

01/2018
Floor price for onion exports reduced by $150/tonne

The government has reduced the minimum export price (MEP) of onion by USD 150 per tonne with prices of the kitchen staple moderating.    The MEP for on...

22

01/2018
Suresh Prabhu: Government working on diversifying export basket

Commerce and industry minister Suresh Prabhu on Thursday said the government was working out a strategy to diversify the country’s export basket in a bid to enhance its ...

20

01/2018
Basmati export to Iran likely by next week

Basmati rice prices are seen rising in the international market with Iran likely to begin import of the cereal soon.      Rice exporters, w...

19

01/2018
Farm exports post 18% growth in April-October

Agricultural exports from India grew 18 per cent to $21 billion in the April-October 2017-18 period compared to just 5 per cent in 2016-17, according to a government official....

18

01/2018
Commerce Ministry to seek views on draft agriculture export policy

The commerce ministry would soon float a draft agriculture export policy to seek stakeholders' views with an aim to boost outward shipments by identifying new markets and ...

17

01/2018
India, Israel sign 9 agreements, may restart FTA talks

In an effort to diversify and broad-base engagement, India and Israel plan to scale up partnership in agriculture, science, security and technology. To increase trade and inve...

16

01/2018
New policy framework must to address export finance issues: Commerce secretary Rita Teaotia

The country needs to spruce up its policy framework to address exporters' finance needs if we were to become a USD 5-trillion economy, a top government official said. ...

13

01/2018
US envoy pitches for FTA with India

India can seize the opportunity to provide alternative investment hub for the American companies which are downgrading their operations in China, US Ambassador Kenneth Juster ...

12

01/2018
Trade body puts soyabean supply at 104 lakh tonnes

The Soybean Processors Association of India (SOPA) has, in its first quarterly estimates, put the total supply of the bean at 104.49 lakh tonnes (lt) for the oil year 2017-18,...

11

01/2018
World Bank says India has huge potential, projects 7.3 pct growth in 2018

With an ambitious government undertaking comprehensive reforms, India has enormous growth potential compared to other emerging economies, the World Bank said today, as it proj...

10

01/2018
GDP growth to be more robust next fiscal: Niti Aayog Vice Chairman Rajiv Kumar

Niti Aayog Vice Chairman Rajiv Kumar today said India's economic activity has been picking up for the last three quarters and the country's GDP growth will become more...

09

01/2018
The Indian economy is projected to grow at 7.2 per cent in 2018-19: United Nations

As per the World Economic Situation and Prospects 2018 report of the United Nations, the Indian economy is projected to grow at 7.2 per cent in 2018-19 and 7.4 per cent in 201...

08

01/2018
Rice, guar gum lead 11% farm goods export surge in April-Nov

Maintaining the growth momentum, farm products in the Agricultural and Processed Food Products Export Development Authority’s (Apeda) export basket have clocked an incre...

06

01/2018
Initiatives by Dubai Exports boosting food trade with India

Bilateral trade between India and Dubai has received a shot in the arm after Dubai’s Department of Economic Development launched a programme early this year to allow com...

05

01/2018
Maha agri board to develop 207 acres into export development zones

The Maharashtra State Agriculture Marketing Board (MSAMB) has decided to develop around 207 acres of land parcels in its possession at Jawaharlal Nehru Port Trust( JNPT), Than...

04

01/2018
New Vistas for India-China Economic and Trade Partnership

The 19th National Congress of the Communist Party of China concluded in October. In the meeting, Comrade Xi Jinping,General Secretary of the CPC Central Committee and Presiden...

03

01/2018
Centre releases Rs 24,500 crore to compensate states post GST

The revenue loss to states on account of GST implementation was Rs 24,500 crore between July-October and the Centre has released compensation to make up for it, Parliament was...

02

01/2018
Focus on cargo and logistics to boost exports: Centre to States

Ahead of a key meeting next month, the commerce department has asked states to address issues such as easier movement of cargo and skill development for logistics and also ide...

28

12/2017
Gulfood 2018 to Consolidate UAE’s Lead Role in Global Food Agenda

The 2018 edition of Gulfood, the world’s largest annual food and beverage trade event and the first major international food industry trade show of the year, will further...

27

12/2017
Odisha recognised as 'Champion State' for exports

The Centre has recognised Odisha as a 'Champion State' for recording the highest growth in exports during 2016-17, official sources said.   This was anno...

22

12/2017
Gadkari promises a 'revolution' in inland waterways

Union Road Transport and Shipping Minister Nitin Gadkari said on Tuesday said there will be a revolution in the country in development of inland waterways and cruise service be...

21

12/2017
Extend pre-GST duty drawback till June: Parliamentary panel

A parliamentary panel has suggested that the government extend the duty drawback rates for exporters prevailing prior to the roll out of the Goods and Services Tax (GST) until ...

20

12/2017
Over 20-fold rise in KVIC honey exports to West Asia

Honey, papad, hand-made paper and products made by the Khadi and Village Industries Corporation (KVIC) have emerged as the top export items. Export value of honey zoomed to Rs....

18

12/2017
Govt Calls Upon Agri-tech startups to Build Strong Framework For Indian Agricultural Growth

The agriculture sector in India is grappling with many challenges. Lack of adequate land spaces, diminishing water resources, the adverse impact of climate change and escalatin...

15

12/2017
PM Modi urges India Inc to help MSMEs, start-ups boost business

Prime Minister, Narendra Modi, Wednesday exhorted corporate India to pledge itself to the creation of a New India - an India that fulfils the aspirations of the poor and needy,...

14

12/2017
Explore import of commodities like wheat: India to Nigeria

Agriculture Minister Radha Mohan Singh today urged his Nigerian counterpart to consider import of agri commodities such as wheat, rice, maize, cotton, pepper and fresh grapes.&...

13

12/2017
Indian economy to grow at 7.2% in 2018, says UN report

The Indian economy will grow at 7.2% in 2018 and accelerate to 7.4% in the following year as a result of robust private consumption, public investment and structural reforms, b...

12

12/2017
To boost Make in India, framework for SEZs set for a complete makeover

India is eyeing a revamp of its framework for special economic zones (SEZs) to boost manufacturing, including the exemption of factories located in them from minimum alternate ...

11

12/2017
India's GDP growth to rise to 7.5 pc in 2018: Morgan Stanley

The Indian economy is expected to witness cyclical growth recovery, with real GDP growth likely to accelerate from 6.4 per cent this year to 7.5 per cent in 2018 and further to...

09

12/2017
Labour-intensive exports need a policy push

The government of India has taken several measures to boost exports in its midterm review of foreign trade policy 2015-20. Apart from incentives for specific sectors such as re...

08

12/2017
MSMEs assured support, DGFT releases Mid-Term review of Foreign Trade Policy

With a postponement of the pending mid-term review of the Foreign Trade Policy (FTP) that was earlier supposed to be released with the Goods and Service Tax (GST) implementatio...

07

12/2017
Higher export relief for labour-intensive sectors

The mid-term review of the Foreign Trade Policy (2015-20) has brought in additional relief worth Rs.8,450 crore annually for the labour-intensive and micro, small and medium en...

06

12/2017
FSSAI using technology to enforce food safety norms: CEO

Food regulator Food Safety and Standards Authority of India (FSSAI) is using technology in a big way to enforce its norms and has set up an IT platform for safety compliances t...

05

12/2017
Small units' export prop

The much delayed mid-year review of the Foreign Trade Policy (FTP), to be unveiled this week, would focus on sops to small and medium enterprises (SME) and labour-intensive seg...

04

12/2017
Job-creating sectors set to get more sops under export scheme

Employment generating sectors such as leather and marine products will get higher sops in the much-awaited review of the Foreign Trade Policy (FTP), likely to be announced next...

01

12/2017
Indian apple imports drop 5% year on year

Post forecasts marketing year (MY) 2017/18 Indian apple imports will decrease year on year about five percent to 0.35 Million Metric Tons (MMT). Imports of pears also are proje...

29

11/2017
UK businesses have tremendous opportunities in India: UK India Business Council

With tremendous opportunities for the taking, majority of British companies are looking to increase their investments in India even as there are areas that require further impr...

27

11/2017
India, Sweden to work closely in promoting clean technologies

India and Sweden expect to work closely in adopting and promoting green technologies where small and medium enterprises would play critical role.   Addressing th...

25

11/2017
India-Taiwan bilateral trade to touch $6 billion in 2017

India-Taiwan bilateral trade is set to touch $6 billion by end of 2017, Taiwan External Trade Development Council (TAITRA) Chairman James C F Huang said here on Thursday. ...

24

11/2017
MMTC to import 2,000 tonnes onion to check prices: Ram Vilas Paswan

State-run MMTCBSE -1.01 % will import 2,000 tonnes of onion, while Nafed and SFAC will buy 12,000 tonnes locally in order to boost supplies and check prices, Food and Consumer ...

23

11/2017
India's food processing sector may attract $33 bn by 2024: Assocham survey

India's food processing sector has the potential to attract $33 billion investment by 2024, according to a study released here on Monday.   The country's...

22

11/2017
Paswan extends date for displaying changes in MRP due to GST to Dec 31

Considering the requests received by the ministry of consumer affairs, food and public distribution to extend the permission for some more time, Ram Vilas Paswan, the minister ...

20

11/2017
Cut post-harvest losses, boost agri exports: Union Minister Shekhawat

Union Minister of State for Agriculture and Farmers’ Welfare Gajendra Singh Shekhawat has said concerted efforts should be made by both the states and the Union Governmen...

18

11/2017
Government removes restrictions on export of all types of pulses

The government today removed export curbs on all varieties of pulses to ensure farmers get remunerative prices as domestic rates have crashed below MSP in view of record produc...

17

11/2017
Exporters especially SMEs facing liquidity issue to pay GST'

Reacting to the export data for the month of October, 2017, Ganesh Kumar Gupta, President, Federation of Indian Export Organisations (FIEO) said that the fall was expected as e...

16

11/2017
India set to be ‘extremely attractive’ place for business: Jaitley

With greater digitisation and formalisation of financial activities and businesses, India is set to become an extremely attractive country to do business, Finance Minister Arun...

15

11/2017
Invest more in dairy, poultry & fisheries sector: Agri Minister

Union Agriculture Minister Radha Mohan Singh, on Saturday, called upon investors — both global and Indian — to leverage opportunities in the country’s farm, d...

14

11/2017
JNPT to invest Rs.800 cr to develop 2 dry ports

Jawaharlal Nehru Port Trust (JNPT) is likely to make ready the Jalna and Wardha dry ports over the next 18 months.   The Jalna port will come up close to Auranga...

13

11/2017
Agri sector's contribution to GDP up by 2%: Arjun Ram Meghwal

Union Minister of State for Water Resources Arjun Ram Meghwal today said the agriculture sector's contribution to the country's GDP has increased under the present gove...

11

11/2017
Exports to China surge 39 per cent but trade deficit widens too

India and China may have been engaged in a verbal duel over border disputes for the past few months, but the country's exports to the neighbouring nation have surged 39 per...

10

11/2017
GST Council might take these measures to simplify the tax

The apex decision-making body for the Goods and Services Tax, will meet in Guwahati later this week to deliberate on more measures to make the new tax regime smoother.  ...

09

11/2017
India-US trade volume at an all-time high: Consul General

Bilateral trade between the US and India has hit an all-time high of $115 billion, said CG Burgess, US Consul General, at the inaugural session of the conference on ‘Unlo...

08

11/2017
India has to run fast to further improve ease of doing business ranking: World Bank CEO

The Indian government has shown resolve in tackling difficult issues and its performance in the ease of doing business has been remarkable, World Bank CEO Kristalina Georgieva ...

07

11/2017
GSTN introduces new facility for exporters to claim refunds

The Goods and Services Tax Network (GSTN) said on Sunday that it has introduced a utility Table 6A in the Form GSTR-1 used by exporters to claim refunds.   Table...

06

11/2017
Punjab procures 144 lakh tonnes of paddy, Haryana 61 lakh tonnes

Agrarian states Punjab and Haryana have procured nearly 205 lakh tonne of paddy this season so far, Food and Supplies Department officials said here on Thursday.   ...

04

11/2017
Kolkata Port Trust plans 3 terminals at Haldia

The Kolkata Port Trust (KoPT) plans to augment capacity at Haldia port by adding three new terminals at an estimated cost of Rs800 crore.   A total of 9 million ...

03

11/2017
E-Way Bill off to a smooth start in Karnataka

Tasting success in the first phase of the roll out of the E-Way Bill under the Goods and Services Tax (GST) in Karnataka, tax authorities are likely to expand it to more States...

02

11/2017
Doklam, GST to dominate India-Bhutan talks

India and Bhutan will have a plethora of issues to discuss ranging from the Doklam standoff and Chinese influence in the region to export of electricity when Prime Minister Nar...

01

11/2017
India, Italy sign six agreements to boost trade, economy

Overcoming the freeze in ties on the marines issue for over five years, India and Italy on Monday agreed to boost economic ties from the current bilateral trade level of $8.8 b...

31

10/2017
India sends first wheat shipment to Afghanistan via Chabahar port

India today sent its first consignment of wheat to Afghanistan through the Chabahar port in Iran, seen as a landmark move to operationalise the new strategic transit route, byp...

30

10/2017
Rupee to get boost from govt’s PSU bank recap: Report

The rupee is likely to get a boost from the government’s PSU bank recapitalisation programme, which is expected to support private capex recovery and increase foreign inv...

28

10/2017
Extractors’ body seeks hike in import duty on edible oils

Amid lower oilseed prices and the subsequent financial loss to farmers, the Solvent Extractors’ Association of India (SEA) has once again requested the Centre to increase...

27

10/2017
About 40-50% of perishable commodities wasted in India, states study

Despite India being the world’s largest producer of milk and the second-largest producer of fruits and vegetables, about 40 to 50 per cent of the total production, valued...

26

10/2017
Caution advised on Sept's export cheer

Though exports rose 25.7 per cent in September, economists and exporters advise caution in celebrating the return of sustained trade growth.     Despit...

25

10/2017
Exporters can soon claim refund for GST paid in Aug, Sept: GSTN CEO

Exporters can soon start claiming refunds for GST paid in August and September as GSTN will this week launch an online application for processing of refund, its Chief Executive...

24

10/2017
Kandla Port gets green nod to develop Rs 1,176 crore smart city

State-owned Kandla Port Trust has received environment clearance for setting up a Rs 1,176-crore smart industrial port city in KutchBSE 4.96 %, Gujarat, a senior official said....

14

10/2017
Reforms undertaken by India significant: World Bank chief

The reforms undertaken by Prime Minister Narendra Modi have been significant and the results would be reflected in the mid and long-term growth figures, the World Bank chief sa...

13

10/2017
Indo-Bhutan trade infrastructure to have large scale upgradation

To ensure seamless trade of Bhutan with India and other third parties, India is further widening its door for Bhutan.    Development and upgradation of n...

12

10/2017
Govt to focus on setting up mini food processing units

The government is focussing on creating mini food processing units across the country to encourage farmers to produce high-quality farm output, Food Processing Industries Mini...

11

10/2017
GST benefits will have positive impact on exporters, SMEs

The GST relief given to small and medium enterprises (SMEs) and exporters will have a positive impact, industry body SMERA said on Monday.   The GST Council on F...

07

10/2017
India opens bulk export of edible oils

In a major policy shift, the Modi Government on Monday opened up the exports of edible oils such as groundnut oil, soyabean oil, sesame oil and maize oil in bulk quantity. So ...

05

10/2017
Government may hike import duty on wheat to 20-25 per cent

The government is likely to raise import duty on wheat to 20-25 per cent from 10 per cent to curb cheap shipments and give positive price signal to farmers who will start sowin...

03

10/2017
APEDA to organise exclusive programme to boost exports from north-east

Foreign trade plays an important role in any country’s economy. Keeping that in focus, the Agricultural and Processed Food Products Export Development Authority (APEDA) ...

29

09/2017
India is world's 40th most competitive economy: WEF

India has been ranked as the 40th most competitive economy -- slipping one place from last year's ranking -- on the World Economic Forum's global competitiveness index,...

28

09/2017
Tea exports to Sri Lanka rise 150 pc in Jan-Jul 2017

Country's tea exports to Sri Lanka increased by 150 percent to 2.5 million kg in January-July 2017 compared to one million kg exported during the like period last year, ac...

27

09/2017
Modi invites French firms to invest in India

Prime Minister Narendra Modi on Tuesday invited French companies to take advantage of the improving business climate and growing investment opportunities in India. &nbs...

26

09/2017
India and South Korea review progress of CEPA

India and South Korea have reviewed the Comprehensive Economic Partnership Agreement (CEPA) during the visit of Commerce Minister Suresh Prabhu Seoul, official sources said on...

22

09/2017
Tea exports rise 4.58 percent in Jan-Jul

Tea exports rose by 4.58 percent to 121.13 million kg during the first seven months of 2017 compared with 115.83 million kg in the corresponding period last year, Tea Board of...

21

09/2017
Chabahar Port likely to be operational by end-2018

Chabahar Port, located in Sistan-Baluchistan province on the south-eastern coast of Iran, is expected to be operational by 2018-end. Iran will soon be sending an application fo...

18

09/2017
Top cotton buyers flock to India as hurricanes hit US crop

The world's top cotton buyers, all in Asia, are flocking to India to secure supplies after fierce storms in the United States, the biggest exporter of the fibre, affected t...

16

09/2017
Centre allows import of additional 44,000 tonnes of tur dal, with riders

Following the imposition of annual import ceiling on pigeon peas (tur dal) fixed at two lakh tonne last month in response to the glut in the domestic market, the Centre has al...

14

09/2017
Agriculture exports may grow to $100 bn by 2022: Experts

The country's agricultural sector has potential to double farmer income and grow exports to USD 100 billion by 2022 from the present USD 36 billion, according to industry e...

13

09/2017
Govt to import 500,000 tons of rice and wheat

The government has offered international tenders to import half a million tons of rice and wheat. They are set to buy 1,00,000 tons of wheat and 50,000 tons non-basmati rice. ...

12

09/2017
Kochi to host Coastal Shipping and Inland Water Transportation Summit

Kochi will host the fifth edition of the ‘Coastal Shipping and Inland Water Transportation Business Summit 2017’ on September 22 at Hotel Crowne Plaza. The sum...

10

09/2017
TN to invest RS1,000 crore in food-processing industry

Tamil Nadu will invest around RS1,000 crore in food-processing projects in the next one year.   As part of this initiative, supply-chain management units will...

08

09/2017
Govt to promote exports in ‘shortest possible’ time: Prabhu

The government will look at ways to promote exports in the shortest possible time by mitigating GST regime challenges faced by exporters and by providing support that could fac...

07

09/2017
Huge potential for agri export from northeast: Study

In the backdrop of a fall in agricultural export in recent years, the central government has a plan to raise these from the northeast region (NER) to neighbouring countries. ...

05

09/2017
Exports likely to grow at 8-10% in FY'18: CARE

Ratings agency CARE on Thursday said it expects India's exports to grow at 8- 10% and imports to grow at 10-11% in 2017-18. However, it added that with the rupee reining be...

04

09/2017
Export push will help realise goal of doubling farm income

The government should increase agricultural exports to achieve the stated objective of doubling farmers’ income by 2022, according to a recent study conducted by the Cent...

30

08/2017
New 'Industrial Policy' likely in Oct, includes MSMEs in focus areas

The government is working on a 'New Industrial Policy' wherein six thematic focus groups have been used to obtain inputs, informed ministry of Commerce and Industry on ...

29

08/2017
Indian soya oil firms look to gain from US' latest import duty hike

A US decision to hike import duties on soya oil-based biodiesel from major producing economies like Indonesia and Argentina could see Indian soya oil processors and refiners ga...

28

08/2017
Bangladesh issues another tender to buy 50,000 T rice

Bangladesh's state grains buyer has issued another international tender to purchase 50,000 tonnes of rice, traders said on Thursday, stepping up the country's rice impo...

26

08/2017
China agrees to tackle trade imbalance

China has agreed to send a high-level official team led by Commerce Minister Zhong Shan by December-end to address the issue of growing trade imbalance with India. The developm...

25

08/2017
Centre asks states to impose stock limits on onion traders

Concerned over rising onion prices, the Centre today asked state governments to impose stock limits on traders to check hoarding and curb further increase in rates of the kitch...

24

08/2017
After Middle East, state gears up to export vegetables to Europe, America

Buoyed by the overwhelming response in vegetable export to countries of the Middle East, the Mamata Banerjee government is gearing up to export the same to Europe and America. ...

22

08/2017
Oil palm industry welcomes hike in import duties

The Oil Palm Developers and Processors Association (OPDPA), an association of oil palm firms, has welcomed the Union government move to increase the import duties on palm oil. ...

21

08/2017
Trade policy review may look to help exporters with GST blues

The mid-term review of the Foreign Trade Policy (FTP) — likely next month — may provide relief to exporters reeling under the impact of the new Goods and Services T...

19

08/2017
Target to raise tea exports by 22% in 3 yrs might be difficult: Here's why

While the official target is to raise tea exports by 22 per cent in the next three years, to 270 million kg (mkg), producers and exporters face two major challenges.  ...

17

08/2017
Common use items exempt from e-way bill under GST

LPG, kerosene, jewellery and currency are among the common use items that have been exempted from the requirement of obtaining electronic permits for transportation under the G...

16

08/2017
No plans for duty-free sugar imports: Paswan

The country has sufficient stock of sugar available and there are no plans to allow further imports of the sweetener at zero duty, Food Minister Ram Vilas Paswan said today. ...

14

08/2017
Green shoots becoming visible in merchandise trade: Mid year Economic Survey

The first mid-year Economic Survey brought cheer for the export sector as it said that green shoots have started to appear in the trade horizon with world trade growth projecte...

11

08/2017
India and EU discuss rice exports issue

India is in talks with the EU voicing the concerns of Indian rice exporters on the tightening of regulations on the usage of pesticide in Basmati rice that will impact exports ...

10

08/2017
APEDA to focus on fruits, vegetables

With export earnings from basmati and bovine meat — the flagship agricultural and processed export sectors — hitting a plateau, the Agricultural and Processed Food ...

09

08/2017
Tea prices may see some buoyancy on flat output, rising export demand

India’s tea production is likely to remain flat or witness a marginal dip in calendar year 2017 as compared to last year. The country produced 1,267.36 million kg (mkg) o...

08

08/2017
Chabahar Port a gateway to golden opportunities: Nitin Gadkari

Keen on rolling out infrastructure projects in Iran and Afghanistan, Union Minister Nitin Gadkari has said that once Chabahar Port in Iran becomes operational, there will be no...

05

08/2017
MARKET NEWS Guar prices surge on good exports, heavy rain

Guar prices have jumped about 10% in the last one month due to good export demand for guar gum and excessive rain in the guar growing areas of Rajasthan and Gujarat, which have...

03

08/2017
China, BRICS trade ministers vow to fight protectionism

China and the other BRICS nations pledged on Wednesday to fight protectionism and safeguard intellectual property rights, even as U.S. President Donald Trump considers action a...

02

08/2017
Centre to call EoIs for agri, food processing clusters shortly

In a bid to develop the food processing ecosystem, the Union Ministry of Food Processing Industries will soon call for expression of interest (EoI) to set up agro processing cl...

31

07/2017
Onion prices in Maharashtra soar by 118 pct over last 2 weeks, may rise another 20 pct; top 5 points to know

The average wholesale price of onions, in Maharashtra, has seen a leap of 118 pct in the past two weeks. The per quintal rate of onions have risen to Rs. 1,250 on Thursday from...

29

07/2017
New port regulator seen to enjoy wider scope, more ‘teeth’

The oversight body to be set up by the Centre under a new law to manage and administer 11 of the 12 major ports will have wide scope and full teeth, unlike the toothless rate r...

28

07/2017
Adopt best practices to improve banana export

On the second day of the three-day National Banana Festival at the Agricultural College and Research Institute (ACRI) here, which involved presentations from experts, the key t...

26

07/2017
Spices exports all-time high in 2016-17

India's exports of spices and spice products have touched an all-time high during 2016-17, said Commerce and Industry Minister  Nirmala Sitharaman in a written reply i...

25

07/2017
Rules may be eased to help e-commerce companies boost exports

To enable homegrown ecommerce players such Myntra, Snapdeal and a host of handicraft and garment platforms to expand their global footprint, India is looking to revamp the expo...

24

07/2017
Despite record production, Indian wheat imports to continue

India is expected to import up to 4 million tonnes of wheat this fiscal year, despite a bumper harvest, due to the cheaper availability of the commodity in the international ma...

21

07/2017
Share of MSMEs in India's exports near 50 pc in 2015-16: Sitharaman

TThe contribution of Micro, Small and Medium Enterprises (MSMEs) in the exports of the country reached to 49.86 percent in 2015-16, the Commerce and Industry Minister Nirmala S...

20

07/2017
Bill proposing full autonomy for ports approved: Minister

The government has approved a draft bill to empower 12 major ports in India by providing them full autonomy in decision-making for greater efficiency, Union Minister of Stat...

19

07/2017
Ensure all traders are registered under GST by August 15: Modi

Prime Minister Narendra Modi urged all Chief Secretaries to make sure that all traders register under the GST regime by August 15.   In his twentieth interaction throu...

17

07/2017
GST row: MSME ministry fully equipped with policies to guard SMEs

Acreage under kharif crops increased by 39 per cent in the last one week as crop planting picked up pace with adequate rainfall in most parts of the country.  As of F...

15

07/2017
Logistics, warehousing gaining from GST: Official

Logistics and warehousing sectors are already witnessing gains of the Goods and Services Tax (GST) and are set to grow further, according to Somesh Kumar, Principal Secretary, ...

13

07/2017
Amid pending FTA talks, Israel looks to boost exports to India

Israel is eyeing the strong middle class base in India to boost its exports, capitalising on the the momentum generated by the historic visit of Prime Minister Narendra Modi, b...

12

07/2017
India to become largest milk producer in 2026, says UN and OECD report

India, projected to be the most populous country over the next decade, will be the world’s largest milk producer by 2026 and will account for the biggest increase in whea...

11

07/2017
Rice exporters ask PM to intervene to protect Basmati exports to EU

Rice exporters have sought Prime Minister Narendra Modi’s intervention in convincing the European Union to postpone by two years its decision to bring down the tolerance ...

10

07/2017
iiiEM celebrating 10 Years of Achievement

Ten years ago, the launch of iiiEM(International Institute of Import & Export Management) created a new type of export import training center – one that brought toget...

08

07/2017
GST to make MSMEs more efficient and confident

The Goods and Services Tax (GST) would make the micro, small and medium enterprises (MSMEs) more efficient and confident, a study said on Wednesday.   The GST would be...

07

07/2017
Basmati brands seek parity in GST

Seeking all rice brands to be brought under the 5 per cent GST, the registered basmati brands are terming the levy as discriminatory in the current version. The companies claim...

06

07/2017
India’s fruit, vegetables exports to Qatar rise by 15%: report

India’s exports of fresh fruit and vegetables to Qatar have jumped by 15% within a two-week period because of an increase in demand, Indian media reported recently, citin...

05

07/2017
G20 should support open trade to promote economic growth: WTO

The World Trade Organization (WTO) has asked the G20 group of nations including India and the US to take lead in promoting open trade globally for pushing economic growth and d...

04

07/2017
Centre modifies export incentive schemes to align with GST

The Centre has modified existing export incentive schemes removing most exemptions provided on input taxes to align them with the Goods & Services Tax (GST) regime which ha...

03

07/2017
Sri Lanka to purchase rice from three countries to stabilize local market

Sri Lanka has opened immediate talks with three countries to procure a rice tranche to stabilize its domestic markets as the island nation's food production was hit first b...

01

07/2017
GST may have transitional challenges: ADB President

Ahead of the roll out of the goods and services tax (GST) from July 1, the Asian Development Bank (ADB) has said the new levy would create a single national market and spur eco...

30

06/2017
Release of mid-term FTP review in September: Govt

The Ministry of Commerce and Industry, Government of India Thursday said that the reviewed mid-term Foreign Trade Policy (FTP) will be released in September 2017.   Th...

29

06/2017
India, US to review trade relations to increase market access

The United States and India plan to undertake a comprehensive review of trade relations to expedite regulatory processes and increase market access in areas such as agriculture...

28

06/2017
PM invites US business, says GST will ease way

Prime Minister Narendra Modi made his most compelling invitation to American business to invest in India, telling them that the Goods and Services Tax (GST) that will come into...

27

06/2017
Food safety authority’s draft amendments include fatty acids composition in edible oil

In a bid to curb misleading claims and adulteration in edible oils, the Food Safety and Standards Authority (FSSAI) has notified a draft regulation that sets standards for the ...

26

06/2017
Sushma Swaraj bats for RCEP conclusion to boost trade with ASEAN

External Affairs Minister Sushma Swaraj Thursday said that bilateral trade between India-ASEAN has picked up after two years of slow growth even as she batted for concluding th...

24

06/2017
West Bengal eyes 75-100 tonnes mango export in 2017

West Bengal is a leading producer of mangoes but the export of this king of fruits remains negligible due to various infrastructural bottlenecks, Agricultural and Processed Foo...

23

06/2017
Rajasthan may penalise traders buying below MSP

The Rajasthan government is contemplating amending its Agricultural Produce Marketing Committee (APMC) Act to penalise traders who buy agricultural commodities at prices low...

22

06/2017
India witnesses 30% rise in foreign exchange earnings in May

India has witnessed a whopping 30 per cent rise in the foreign exchange earnings from the tourism sector in the month of May, as compared to the same period in the last two yea...

21

06/2017
India’s EXIM container trade volumes growth slowed down in Jan-March

India’s EXIM container trade volumes growth slowed down in Jan-March due to a short-term decline in imports, said a trade report by A.P. Moller-Maersk.    I...

20

06/2017
GST Council gives relaxation of 2 months for filing of GST returns

India’s tryst with its most comprehensive indirect tax reform, the goods and services tax (GST), will begin on July 1. The GST Council, the apex decision body for the new...

19

06/2017
India's exports rise by 8 pc in May'17

India's exports rose by 8.32 percent during May 2017, official data showed on Thursday.   Exports grew by 8.32 percent to $24.01 billion from $22.17 billion worth ...

17

06/2017
India’s exports to take a hit as Qatar crisis deepens

Indian exporters have started facing the heat from Qatar’s recent diplomatic crisis with Arab states — Saudi Arabia, Bahrain, the United Arab Emirates and Egypt. ...

16

06/2017
Bright Future For Export Trade Through GST Feels EX IRS Officials

About 150 countries are having unified tax system like GST and the transition to the GST regime will help our business community to compete in the internal trade with other cou...

15

06/2017
Government nod to India-Cyprus pact on merchant shipping

The Cabinet today gave ex-post facto approval to the agreement signed in April between India and Cyprus on merchant shipping, aimed at enhancing cooperation between the two nat...

14

06/2017
Farmers ask Government to roll back 5% GST on raw tobacco

A farmers' association has asked the government to roll back 5 per cent GST on raw tobacco and exempt it from the tax bracket like any other agricultural crop.  &nbs...

09

06/2017
Government approves initial pact with South Korea for $9 billion export credit

The Cabinet today approved signing of an initial pact with South Korea for export credit facility of USD 9 billion for infrastructural development in India.    Th...

08

06/2017
India's coffee exports up 11.51 per cent in April

India's coffee exports grew by 11.5 per cent year-on-year to USD 92.42 million in April this fiscal on account of strong demand in the global markets.    The ...

07

06/2017
India eyes loopholes in WTO norms to continue with export subsidies

In what could be crucial for ensuring export growth in the coming years, the Centre is exploring certain “grey areas’’ in World Trade Organisation (WTO) rules...

06

06/2017
Odisha registers 114 pc growth in exports in 2016-17

Odisha performed exceptionally well in exports during 2016-17 by transacting business worth Rs 40,872 crore -- a 114 percent increase over the previous financial year.  ...

05

06/2017
Indian exports to China rises sharply in first four months

After years of decline, Indian exports to China rose sharply in the first four months of this year registering a 20 per cent increase to USD 5.57 billion, though the trade defi...

02

06/2017
Adani Ports starts constructing transhipment port in Kerala

Adani Group's ports arm, Adani Ports and Special Economic Zone Ltd (APSEZ), has started construction of the first berth at the country's international transhipment proj...

01

06/2017
Nitin Gadkari lays foundation of Rs 1,117 crore projects at JN Port

NAVI MUMBAI: To boost port infrastructure, Shipping Minister Nitin Gadkari laid foundation stone of eight connectivity projects worth Rs 1,117.03 crore at Jawaharlal Nehru Port...

31

05/2017
JNPT seeks more powers to expedite SEZ development

The Jawaharlal Nehru Port Trust has sought the powers of a Special Planning Authority so that it can fast-track the development of its 277-hectare SEZ.   The port mana...

30

05/2017
No room for revising GST rates: CBEC chief

There is no room for revising Goods and Services Tax (GST) rates fixed on various goods and services,” said Vanaja Sarna, Chairperson, Central Board of Excise and Customs...