Commerce Ministry

Showing of 1 - 20 from 166 results
Commerce Ministry - Total results - 166
Coronavirus Lockdown: Decision to open shops in malls soon after taking into account health ministry's guidelines
Business

Coronavirus Lockdown: Decision to open shops in malls soon after taking into account health ministry's guidelines

The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday

Exports plunge 34.6% in March to $21.4 bn, steepest fall since FY09; imports down 28.7%
Business

Exports plunge 34.6% in March to $21.4 bn, steepest fall since FY09; imports down 28.7%

India's exports plunged by a record 34.57 per cent in March due to a steep decline in shipments of leather, gems and jewellery and petroleum products, dragging the total exports in 2019-20 down to $314.31 billion, official data showed on Wednesday

Coronavirus Outbreak: Commerce ministry lists steps to support exporters as industry expresses fears of huge job losses
Business

Coronavirus Outbreak: Commerce ministry lists steps to support exporters as industry expresses fears of huge job losses

The commerce ministry said that it has provided several relaxations/extensions of various compliance deadlines to address Corona pandemic related hardships of exporters.

Commerce ministry creates online platform for issuance of 'certificate of origin' for exporters
Business

Commerce ministry creates online platform for issuance of 'certificate of origin' for exporters

The commerce ministry has designed an online platform for the issuance of a key document required for exports to those countries with which India has trade agreements, with a view to facilitate shipments during the COVID-19 crisis

Exports post first rise in seven months, grow by 2.91% to $27.65 bn in February; imports up 2.48%
Business

Exports post first rise in seven months, grow by 2.91% to $27.65 bn in February; imports up 2.48%

India's exports rose for the first time in seven months in February growing by 2.91 percent to $27.65 billion, according to the commerce ministry data released on Friday

India probes alleged increase in subsidised import of soda ash from Turkey following complaints by domestic players
Business

India probes alleged increase in subsidised import of soda ash from Turkey following complaints by domestic players

India has initiated a probe into an alleged increase in subsidised imports of soda ash, used in making detergents and soaps, from Turkey following complaints by domestic players

Govt issues import licences for 1.1 mn tonnes of refined palmolein from Indonesia; DGFT move draws commerce ministry’s flak
Business

Govt issues import licences for 1.1 mn tonnes of refined palmolein from Indonesia; DGFT move draws commerce ministry’s flak

A resumption in refined palmolein buying by India, the world’s biggest palm oil importer, could lift its total palm oil imports and support Malaysian palm oil futures.

Wholesale inflation spikes to nine-month high of 3.1%; impact of rise in fuel cost, manufactured food products
Business

Wholesale inflation spikes to nine-month high of 3.1%; impact of rise in fuel cost, manufactured food products

Wholesale inflation has spiked to 3.1 percent in January from 2.59 percent in the previous month on higher fuel cost and price rise in manufactured products, as per government data released on Friday

Govt mulling imposition of import restrictions on TV sets; move aim to cut inbound shipments of non-essential items
Business

Govt mulling imposition of import restrictions on TV sets; move aim to cut inbound shipments of non-essential items

The government is mulling imposing import restrictions on television sets with an aim to cut inbound shipments of non-essential items, sources said

Govt clocks Rs 40,000 cr in public procurement transactions through online marketplace GeM; eyes to increase turnover to Rs 3 lakh cr
Business

Govt clocks Rs 40,000 cr in public procurement transactions through online marketplace GeM; eyes to increase turnover to Rs 3 lakh cr

Public procurement worth Rs 40,000 crore has taken place through the government's online marketplace GeM, Expenditure Secretary T V Somanathan said on Monday

Bharti Airtel says Directorate General of Foreign Trade removed  its name from blacklist
Business

Bharti Airtel says Directorate General of Foreign Trade removed its name from blacklist

Bharti Airtel on Friday said its name has now been removed from the denied entry list for non-fulfilment of export obligation under an export promotion scheme

Bharti Airtel says working with foreign trade regulator to remove name from 'Denied Entry List'
Business

Bharti Airtel says working with foreign trade regulator to remove name from 'Denied Entry List'

Bharti Airtel on Wednesday said it is working to get the company's name removed from 'Denied Entry List', but added that DGFT's latest action does not limit its ability to undertake future imports or exports

Commerce ministry puts Bharti Airtel in denied entry list for non-fulfilment of export obligation
Business

Commerce ministry puts Bharti Airtel in denied entry list for non-fulfilment of export obligation

The commerce ministry has put Bharti Airtel in denied entry list for non-fulfilment of export obligation under an export promotion scheme, sources said

Budget 2020 recommendations from Commerce Ministry: Restrict purchase of alcohol to 1 bottle at duty-free shops
Business

Budget 2020 recommendations from Commerce Ministry: Restrict purchase of alcohol to 1 bottle at duty-free shops

Currently, inbound international passengers are allowed to buy two litres of alcohol and a carton of cigarettes from these shops

Kashmir row: India plans to cut some imports from Turkey; likely to widen curbs on more products from Malaysia
Business

Kashmir row: India plans to cut some imports from Turkey; likely to widen curbs on more products from Malaysia

The government is also planning to cut imports of oil and steel products from Turkey.

Gold imports dip 7% in April-November to $20.57 bn; trade deficit narrows to $106.84 bn
Business

Gold imports dip 7% in April-November to $20.57 bn; trade deficit narrows to $106.84 bn

India's gold imports, which have a bearing on the current account deficit (CAD), fell about 7 percent to $20.57 billion during April-November period of the ongoing financial year, according to the commerce ministry data

Exports decline 1.1% in October, imports contract 16.3%; trade deficit narrows to $11 bn
Business

Exports decline 1.1% in October, imports contract 16.3%; trade deficit narrows to $11 bn

The country's exports dipped by 1.11 percent to $26.38 billion in October on account of contraction in sectors like petroleum and leather

India starts probe into alleged exports subsidisation of rubber by South Korea
Business

India starts probe into alleged exports subsidisation of rubber by South Korea

The government has initiated a probe into alleged exports subsidisation on a particular kind of rubber by South Korea, which is impacting the domestic industry, according to a notification

India needs fresh reforms to be in top 50 nations with ease of doing business: World Bank official
Business

India needs fresh reforms to be in top 50 nations with ease of doing business: World Bank official

India needs a fresh set of "bold reforms" in the next three to four years if it wants to be among the top 50 countries with ease of doing business, a top World Bank official said on Thursday

India at 63 in World Bank's Ease of Doing Business: Nirmala Sitharaman promises further GST simplification to improve ranking
Business

India at 63 in World Bank's Ease of Doing Business: Nirmala Sitharaman promises further GST simplification to improve ranking

Finance Minister Nirmala Sitharaman on Thursday said efforts will be made to further simplify Goods and Services Tax, and expressed hope that it will help in further improving India's ranking in the World Bank's ease of doing business index