Exports plunge record 60.28% to $10.36 bn in April, pandemic hits imports too; trade deficit narrows to $6.7 bn
The country's exports had contracted by 34.57 percent in March 2020.
Delhi Customs officials seize PPE kits, sanitisers and lakhs of masks; consignments were being smuggled to US, UAE and Europe
Large quantities of sanitiser, PPE kits, masks and its raw materials being sent abroad illegally have been seized by customs officials at the cargo terminal in New Delhi, officials said
Coronavirus Outbreak: Garment exporters body expresses inability to pay workers' pay for April, May; seeks govt help
The garment exporters somehow managed to pay full wages in March, but cannot afford to pay the wages for the month of April.
Coronavirus: Govt asks major ports to defer rentals, waive charges, penalty in view of export-import cargo drop
Noting a drop in export-import (EXIM) cargo due to supply chain disruptions on account of the COVID-19 pandemic, the government has asked India's all 12 major ports to defer the lease rentals and licence fees-related charges for April, May and June
SEZ industry seeks relief package to boost exports, jobs; attracting investments to be a challenge in absence of special policy
In a letter to the prime minister, Export Promotion Council for SEZs and EOUs vice chairman Bhuvnesh Seth said the pandemic has severely impacted the sector with more than 50 percent loss of export orders.
In its Global Economic Outlook 2020, Fitch said the number of people affected by coronavirus will keep rising in the coming weeks but that the outbreak will remain contained. However, there are downside risks to this scenario.
Coronavirus outbreak: India bans export of all kind of respiratory masks; toll due to virus tops 200 in China
India on Friday banned exports of all kinds of personal protection equipment, including clothing and masks used to protect people from airborne particles as there could be a spurt in demand for such products due to outbreak of deadly coronavirus
Dharmendra Pradhan expresses concern over closure, merger of Odisha’s DGFT office, says it will have 'drastic impact on production and export'
Union minister Dharmendra Pradhan on Wednesday expressed concerns over the closure and merger of Odisha's Directorate General of Foreign Trade (DGFT) with the east zone office in Kolkata, asserting that it will have a 'drastic impact on production and export'
Exports to hit $330 bn in 2018-19; nine sectors identified to achieve 16% growth this financial year: Suresh Prabhu
He said the country's merchandise exports have seen high growth in the past six years through sector-specific interventions, focused export promotion initiatives, and quick resolution of issues.
IDBI Bank receives nod to handle import, exports transactions with Iran; move to promote two-way trade
The IDBI Bank has received government nod to handle import and export transactions with Iran, a move which would help in promoting two-way trade amid US sanctions on the Persian Gulf nation
India hopes to sign free trade pact with European Union in 'foreseeable future'; exports likely to reach peak level this year
In 2013-14, the country's merchandise exports touched $314.4 billion level. After that, exports came under immense pressure again due to global slowdown.
Exporters are likely to get incentives based on parameters like research and development, product-specific clusters and production pattern under a five-year foreign trade policy (FTP) to be released later this year
Schindler wants to make India its manufacturing and R&D hub; plans to invest in digitisation, data analytics
Schindler, which is present in the country since the past 20 years, also plans to invest significantly in digitisation and data analytics.
Govt to provide Rs 600 cr subsidy sops to merchant exporters; move likely to boost outbound shipments
The proposal will entail benefits of around Rs 600 crore to exporters on interest equalisation for the remaining period of the scheme, an official release said.
India should align its innate economic strengths to its export-services.
After trading within a narrowing wedge, the rupee bounced back to sharply and ended at the session's high of 68.54, showing a sharp gain of 13 paise, or 0.19 percent
Political and military ties between the countries have expanded significantly in recent years.
After hitting historic high of $84.44 billion last year, China's trade with India saw a robust growth in the first quarter this year, with bilateral trade netting $22.1 billion, up 15.4 percent year-on-year, a top Chinese official said on Thursday
Defence Planning Committee right step for national security, but expectations should be rooted in reality
Seeing the busy schedule of the members of the Defence Planning Committee, especially the National Security Advisor, it's possible that a critical subject like defence planning and national security strategy, with its numerous nuances, may not get the time and attention it deserves
India's trade deficit with China has marginally dipped to $51 billion in 2016-17 from $52.69 billion in the previous fiscal