Foreign Trade Policy brings India’s ‘strategic interests’ into trade transit ties

Foreign Trade Policy brings India’s ‘strategic interests’ into trade transit ties

Commerce and Industry Minister, Piyush Goyal with Ministers of State Anupriya Patel and Commerce Secretary Sunil Barthwal releasing ‘Foreign Trade Policy 2023’, in New Delhi on March 31, 2023. | Photo Credit: KAMAL NARANG Marking a significant shift in the country’s stance on allowing transit of goods in and out of neighbouring countries, the new […]

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Foreign Trade Policy brings India’s ‘strategic interests’ into trade transit ties

Foreign Trade Policy brings India’s ‘strategic and economic interests’ into trade transit ties

Commerce and Industry Minister, Piyush Goyal with Ministers of State Anupriya Patel and Commerce Secretary Sunil Barthwal releasing ‘Foreign Trade Policy 2023’, in New Delhi on March 31, 2023. | Photo Credit: KAMAL NARANG Marking a significant shift in the country’s stance on allowing transit of goods in and out of neighbouring countries, the new […]

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Government vows swifter nod for exporters

Government vows swifter nod for exporters

Union Commerce, Industry and Textiles Minister Piyush Goyal on Friday unveiled a new Foreign Trade Policy that moves away from providing incentives to exporters, but lowers a few costs for smaller firms and promises swifter clearances, along with a one-time amnesty scheme for export obligation defaults. Replacing the extant policy that had been in place […]

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Commerce Ministry for imposing anti-dumping duty on Chinese ofloxacin medicine

Commerce Ministry for imposing anti-dumping duty on Chinese ofloxacin medicine

Ofloxacin is used to treat certain infections including bronchitis, pneumonia and infection of skin, bladder, urinary tract and prostate Ofloxacin is used to treat certain infections including bronchitis, pneumonia and infection of skin, bladder, urinary tract and prostate The Commerce Ministry has recommended the imposition of anti-dumping duty on Chinese ofloxacin – a medicine used […]

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Commerce Ministry for imposing anti-dumping duty on Chinese ofloxacin medicine

New law for SEZs | Commerce Ministry proposes host of incentives to revamp Special Economic Zones

The official said the Commerce Ministry has sought views of different Ministries, including Finance, on the new Bill The official said the Commerce Ministry has sought views of different Ministries, including Finance, on the new Bill The Commerce Ministry is proposing a host of direct and indirect incentives such as deferral of import duties and […]

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Manufacturing sector gets bn foreign direct investment in FY22

Manufacturing sector gets $21bn foreign direct investment in FY22

PTI New Delhi July 28, 2022 13:42 IST Updated: July 28, 2022 13:42 IST PTI New Delhi July 28, 2022 13:42 IST Updated: July 28, 2022 13:42 IST Commerce Ministry said the government has implemented several reforms under the FDI policy regime across sectors such as insurance, defence, telecom, financial services, pharmaceuticals, retail trading, and […]

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Union Cabinet allows procurement by cooperatives through GeM portal

Union Cabinet allows procurement by cooperatives through GeM portal

The move will help over 8.54 lakh registered cooperatives and their 27 crore members The move will help over 8.54 lakh registered cooperatives and their 27 crore members The Union Cabinet on Wednesday approved a proposal to expand the mandate of Government e-Marketplace (GeM) by allowing procurement by cooperatives. Presently, the registration of cooperatives as […]

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Commerce Ministry for imposing anti-dumping duty on Chinese ofloxacin medicine

Exports rose 21% to $23.7 billion during May 1-21

Petroleum products, engineering, and electronic goods’ exports during May 1-21 expanded by 81.1%, about 17% and about 44%, respectively Petroleum products, engineering, and electronic goods’ exports during May 1-21 expanded by 81.1%, about 17% and about 44%, respectively The country’s exports rose by 21.1% to $23.7 billion during May 1-21, on account of healthy growth […]

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Exports up 30.7% in April to .2 billion

Exports up 30.7% in April to $40.2 billion

India’s merchandise exports in April grew 30.7% year-on-year to $40.19 billion, two billion dollars higher than estimates released earlier this month, the Commerce Ministry said on Friday. Goods imports during the month were also two billion dollars more than earlier estimates at $60.3 billion, reflecting a 31% growth. The trade deficit in April is marginally […]

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