Recent Highlights
All Stories for Commerce Minister Suresh Prabhu
Trade deficit widens to four-month high of $14.62 bn in May as oil imports surge 50%: Commerce ministry data
• 7 years agoCommerce Minister Suresh Prabhu said exports in May rose by 20.18 percent to $28.86 billion while imports were up 14.85 percent to $43.48 billion
Flipkart-Walmart deal: CAIT fears predatory pricing by US retailer; writes to commerce minister Suresh Prabhu
• 7 years agoIn its second letter to Suresh Prabhu, CAIT referred to Walmart as "the US version of The East India Company", and also asked for a thorough investigation of the Walmart-Flipkart deal
Walmart-Flipkart deal: Traders' body to move CCI; says acquisition would create uneven playing field, trigger massive job losses
• 7 years agoOpposing the deal, the Confederation of All India Traders (CAIT) on Monday wrote to Commerce Minister Suresh Prabhu and sought to know what steps the government has taken to scrutinise the deal.
Walmart CEO Doug McMillon says Flipkart deal good for India, but RSS' economic wing isn’t convinced
• 7 years agoWorld's largest retailer Walmart Inc on Thursday tried to assuage concerns around its $16 billion takeover of Flipkart, saying the deal is good for the country as it will help create millions of jobs over time and help the economy through local sourcing of goods by the company
Invest more in R&D, develop new markets to boost pharma exports: Commerce minister Suresh Prabhu
• 7 years agoIn 2017-18, the country's pharma exports stood at about $17 billion
Air India's projected net loss for 2017-18 at Rs 3,579 cr against Rs 3,643 cr in 2016-17
• 7 years agoCivil Aviation Minister Ashok Gajapathi Raju said in a written reply that the projected net loss of Air India in the budget estimates for 2017-18 (provisional) stood at Rs 3,579 crore as against Rs 3,643 crore (provisional) for the year 2016-17
Foreign Trade Policy mid-term review: Exporters heave a sigh of relief; now for quicker GST refunds
Sindhub • 7 years agoAccording to industry estimates, in four months since July when GST came into effect, “about Rs 40,000-50,000 crore” has been pending with the government in the form of GST refunds
Trade deficit widens sharply to $14 bn October: Why glitches in GST continue to plague small exporters
Sindhu • 7 years agoIn value terms, these small and micro industries comprise 40-45 percent of India’s total export basket whereas in volume terms, their share is even higher, which is why they have the most to lose from GST glitches