| 1 |
Indian biscuits, shampoos & poha go global: FMCG exports outpace domestic sales for HUL, Dabur and others |
06-07-2025 |
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| 2 |
Not just child’s play: How India’s toy industry quietly became a global exporter |
05-07-2025 |
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| 3 |
SBI Opens New Global Trade Finance Centres in Kolkata and Hyderabad |
04-07-2025 |
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| 4 |
India initiates anti-dumping probe into import of polyethylene from 6 countries |
04-07-2025 |
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| 5 |
"DGFT Extends Import Restrictions on Low Ash Metallurgical Coke |
03-07-2025 |
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| 6 |
CBIC Tightens Customs Scrutiny on Plastic Imports Under New EPR Norms |
03-07-2025 |
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| 7 |
Bengal jute industry frets over import ban through land ports | Kolkata News - Times of India |
29-06-2025 |
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| 8 |
India Has Set $1 Billion Turmeric Export Target by 2030: Union Minister Amit Shah |
29-06-2025 |
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| 9 |
Over 82% of MSMEs eye digital sales; offline marketplaces still preferred |
29-06-2025 |
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| 10 |
India bans specific jute, textile items from Bangladesh: Imports permitted only through Nhava Sheva seaport - new trade restrictions explained | India News - Times of India |
27-06-2025 |
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| 11 |
"DGFT Renames Silk & Rayon Council to MATEXIL
" |
27-06-2025 |
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| 12 |
India bans import of jute, other items via land routes amid strained Bangladesh ties: Details here |
27-06-2025 |
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| 13 |
India-UK deal to boost bilateral trade by £25.5 billion: UK Trade Strategy report |
26-06-2025 |
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| 14 |
"DGFT Prohibits Export of Raw Human Hair Below $65/kg to Curb Misuse
" |
26-06-2003 |
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| 15 |
India imposes anti-dumping duties on plastic processing machines imported from China, Taiwan |
26-06-2025 |
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| 16 |
"India Imposes Anti-Dumping Duty on Imports of These Key Industrial Chemicals from China and USA
" |
25-06-2025 |
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| 17 |
Farm goods exports rise 8% to $ 4.2 billion in April-May |
23-06-2025 |
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| 18 |
"Duty reduction on crude edible oils beneficial for both refiners, consumers: CareEdge
" |
22-06-2025 |
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| 19 |
India imposes Anti-Dumping Duty on Pretilachlor Imports from China to Protect Domestic Industry |
20-06-2025 |
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| 20 |
India Fresh Jamun Export: From local to global: India exports fresh Jamun for the first time to London; boosts farmer's income - Times of India |
20-06-2025 |
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| 21 |
More Indian exporters availing benefits of free trade pacts with Australia, UAE |
20-06-2025 |
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| 22 |
Hike in global rates of edible oils to negate India’s import duty cut |
19-06-2025 |
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| 23 |
India slaps five-year anti-dumping duties on aluminium foil, Pretilachlor & Acetonitrile from China, Taiwan and Russia - The Economic Times |
19-06-2025 |
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| 24 |
A new China shock ripples across the globe as exports surge outside the US |
18-06-2025 |
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| 25 |
India’s trade deficit narrowed to $6.6 bn in May on low oil prices, strong services exports - The Hindu |
16-06-2025 |
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| 26 |
"Electronic Goods Exports Surge 54.10% in May 2025: Commerce Ministry Releases Trade Data
" |
16-06-2025 |
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| 27 |
India’s trade deficit narrowed to $6.6 bn in May on low oil prices, strong services exports - The Hindu |
16-06-2025 |
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| 28 |
New credit cover for MSME exporters by September |
15-06-2025 |
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| 29 |
India Likely to Suspend Rare Earth Exports Deal with Japan in Bid to Counter China’s Dominance, Eyes Self-Reliance |
14-06-2025 |
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| 30 |
India’s ethanol industry under threat from US trade pressure - The Hindu BusinessLine |
14-06-2025 |
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| 31 |
New Customs Tariffs for Oil, Gold, Silver In Effect |
14-06-2025 |
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| 32 |
India in anti-dumping crosshairs: US, Pakistan target Indian exports at WTO |
14-06-2025 |
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| 33 |
"Exporters' logistics costs may jump 20%
" |
14-06-2025 |
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| 34 |
"Exporters' logistics costs may jump 20%
" |
14-06-2025 |
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| 35 |
Finance Ministry Revises Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts |
13-06-2025 |
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| 36 |
Israel-Iran conflict to impact oil supply to India, increase export costs by 40-50% - The Hindu |
13-06-2025 |
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| 37 |
DGFT Amends Name and Contact Details of Export Promotion Council for RCMC under FTP 2023 |
13-06-2025 |
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| 38 |
DGFT Amends Name and Contact Details of Export Promotion Council for RCMC under FTP 2023 |
13-06-2025 |
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| 39 |
Just managing': US tariffs leave Indian shrimp farmers struggling - The Economic Times |
11-06-2025 |
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| 40 |
Centre slashes import duty on crude edible oils to curb inflation |
11-06-2025 |
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| 41 |
India’s tea exports rise nearly 10% in 2024; production sees robust growth |
11-06-2025 |
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| 42 |
Tea exports from India rise by 9.92% at 254.67 million kg in CY2024 |
11-06-2025 |
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| 43 |
India Sugar Exports: 5.16 Lakh Tonnes Till June 6: Rediff Moneynews |
10-06-2025 |
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| 44 |
India’s spice exports hit a new high of $4.72 billion in FY25 on strong demand - The Hindu BusinessLine |
10-06-2025 |
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| 45 |
India-EFTA trade pact to be implemented from September: Piyush Goyal |
09-06-2025 |
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| 46 |
India slaps anti-dumping duties on key chemical imports from China, EU, Japan, and Switzerland |
07-06-2025 |
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| 47 |
" US FDA 'toxic' tag to areca foodware hits exporters
" |
28-05-2025 |
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| 48 |
India mulls registration of non-Basmati rice with APEDA before exports |
20-05-2025 |
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| 49 |
India has proposed retaliatory duties on specific American products under the WTO in response to US tariffs on steel and aluminum, impacting $7.6 billion in imports. New Delhi asserts that the US measures are inconsistent with international trade agreements and seeks consultations. |
12-05-2025 |
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| 50 |
A temporary tariff truce between the US and China presents India with both opportunities and challenges. While increased US-China trade may intensify competition in some markets, India can leverage its strengths in sectors like pharmaceuticals and IT. Experts suggest India should proactively seek preferential trade access with the US and encourage domestic manufacturing to mitigate potential risks. |
12-05-2025 |
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| 51 |
India and the UK have finalized a free trade agreement. It aims to double commerce by 2030. The deal lowers tariffs on Indian exports. British firms will find it easier to export to India. Duty reductions on cars will occur over 10-15 years. Quotas will limit petrol, diesel, and electric vehicle imports. The FTA offers opportunities for India's services sector. |
08-05-2025 |
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| 52 |
India and the UK have finalized a trade agreement. It excludes minimum import prices on British liquor. Import duties on Scotch whisky will decrease gradually over ten years. This move aims to boost Indian exports to the UK. It will also attract foreign investment in the liquor sector. The agreement anticipates increased revenue and better quality exports. |
08-05-2025 |
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| 53 |
India expands trade opportunities for British firms. The move follows a free trade agreement. British companies can now bid on Indian government contracts. This access applies to central-level entities. State and local government contracts are excluded. The agreement includes provisions for 'Make in India' and supports small businesses. Concerns arise about competition with Indian MSMEs. |
07-05-2025 |
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| 54 |
India and UK's Free Trade Agreement is set to boost bilateral trade. Indian exporters can expand their presence in the UK market. The agreement aims to achieve a trade target of USD 100 billion by 2030. Sectors like FMCG and healthcare will gain momentum. TVS Motor Company anticipates new opportunities for growth and market access. |
07-05-2025 |
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| 55 |
India and the UK have finalized a landmark trade agreement aimed at doubling trade to USD 120 billion by 2030. The deal eliminates tariffs on a significant number of Indian goods entering the UK, including labor-intensive products, while reducing tariffs on UK exports like whisky and cars to India. |
07-05-2025 |
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| 56 |
The Indian Institute of Foreign Trade (IIFT) received approval from the Ministry of Education to open an off-campus centre at the GIFT Tower-II at GIFT city in Gandhinagar. |
06-05-2025 |
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| 57 |
India has proposed eliminating tariffs on steel, auto components, and pharmaceuticals for a specific import quantity in trade negotiations with the US. Beyond that threshold, standard duties would apply. This offer aims to expedite a bilateral trade deal expected by fall, prioritizing certain sectors before the end of the US tariff pause. |
05-05-2025 |
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| 58 |
India has banned all direct and indirect imports from Pakistan, effectively halting bilateral trade, following a recent terror attack. This move, though largely symbolic due to existing high tariffs, will reduce India's already minimal imports from Pakistan to zero. While India's economy will be negligibly affected, Pakistan relies on Indian goods, potentially leading to increased third-country trade routes. |
03-05-2025 |
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| 59 |
"Huge blow to Pakistan as India now bans all imports after Pahalgam attack.
Centre has formally inserted a new provision under the heading “Prohibition on Import from Pakistan” in the Foreign Trade Policy (FTP)." |
03-05-2025 |
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| 60 |
India urges WTO members to promptly address pending ministerial mandates. Delaying decisions on public stockholding and special safeguard mechanisms could worsen global hunger. India highlights the need for fair agricultural support. Current rules favor developed nations. Developing countries struggle to provide minimal support. The 14th Ministerial Conference will be held in Cameroon in 2026. |
30-04-2025 |
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| 61 |
India and the Netherlands discussed deepening strategic economic ties during Commerce Secretary Sunil Barthwal’s visit to the Netherlands from April 24–26. Talks focused on policy alignment, trade barrier reduction, and setting up a Joint Trade and Investment Committee. |
29-04-2025 |
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| 62 |
India's engineering goods exports hit a record high of USD 116.67 billion in fiscal year 2024-25. This represents a 6.74 percent increase. The United States was the top destination. There was growth in exports to the UAE, Singapore, and Nepal. Engineering exports outperformed overall merchandise exports. Concerns remain about global trade dynamics and potential impacts from US tariffs. |
27-04-2025 |
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| 63 |
Following a terror attack in Pahalgam, India faced trade suspension from Pakistan. This includes routes through third countries. The Federation of Indian Export Organisations (FIEO) says bilateral trade was already minimal. India's exports to Pakistan included organic chemicals and pharmaceuticals. Imports were meagre. Trade relations soured after the Pulwama attack. India had withdrawn Most Favoured Nation status. |
25-04-2025 |
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| 64 |
Rice prices in eastern Bangladesh have decreased by 16% in ten days. This is due to Bangladesh sealing land ports with India and increased local harvests. The price of miniket rice has fallen from Rs 62 to Rs 53 per kg. Private rice exports to Bangladesh have stopped. West Bengal's rice production is 11.52 million tonnes. |
22-04-2025 |
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| 65 |
The U.S. remained India’s largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at $131.84 billion, while the country’s trade deficit with China widened to $99.2 billion during the same period, government data showed. |
16-04-2025 |
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| 66 |
China now faces tariffs of up to 245% on its exports to the United States, the White House said. The move, detailed in a fact sheet released late Tuesday, came in retaliation to a series of aggressive actions by Beijing, including a ban on new Boeing jet orders by Chinese airlines. |
16-04-2025 |
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| 67 |
India exported $437.42 billion worth of goods in 2024-25, a tad higher than $437.07 billion the previous year. Merchandise imports during the year were to the tune of $720.24 billion, 6.2 per cent higher than $678.21 billion registered during the previous year. |
15-04-2025 |
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| 68 |
Facing escalating trade tensions with the US under President Trump, the European Union is actively pursuing trade diversification by forging new agreements with countries worldwide. While lobbying for tariff reductions in Washington, the EU is accelerating trade talks with nations in Asia and South America, aiming to offset potential losses from strained transatlantic relations. |
12-04-2025 |
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| 69 |
"Centre launches Global Tariff and Trade Helpdesk to assist stakeholders
The commerce ministry is actively tracking developments in global trade, particularly in relation to tariff changes, import surges, and export-related challenges, an official statement said on Friday." |
11-04-2025 |
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| 70 |
India has achieved a historic milestone in foreign trade, with goods and services exports reaching a record $820 billion in the financial year 2024–25, reflecting a 6% increase over the previous year’s total of $778 billion, according to data from the Commerce Ministry. |
10-04-2025 |
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| 71 |
India's goods and services exports exceeded USD 820 billion in 2024-25, marking a nearly 6% growth over the previous year, despite global uncertainties. The commerce ministry highlighted the strong performance during a meeting with export bodies, addressing challenges like high US tariffs. Merchandise exports for April-February 2024-25 stood at USD 395.63 billion, while service exports reached USD 354.90 billion. |
09-04-2025 |
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| 72 |
RBI proposes new regulations for Export, Import transactions under FEMA |
07-04-2025 |
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| 73 |
US President Donald Trump has imposed a 26 percent tariff on Indian imports, significantly impacting sectors like textiles, engineering goods, electronics, and gems and jewellery. The move is expected to erode margins for Indian exporters and prompt investors to shift funds to safer assets given the economic uncertainty. |
04-04-2025 |
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| 74 |
President Trump has signed an executive order imposing a 'discounted' 26% tariff on Indian imports, addressing the high tariffs that India places on U.S. goods. This move aims to rectify unbalanced trade relationships and stimulate American industry by enforcing reciprocal tariffs on countries with which the U.S. has substantial trade deficits. |
03-04-2025 |
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| 75 |
Trump announces 27% tariffs on imports from India in 'kind reciprocal' move |
03-04-2025 |
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| 76 |
India permits export of 67,719 tonnes of sugar to Maldives under bilateral trade agreement for FY 2025-26 |
02-04-2025 |
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| 77 |
Ahead of the April 2 rollout of its reciprocal tariff plan, the United States Trade Representative (USTR) has raised concerns over barriers to medical device exports to India in its 2025 National Trade Estimate (NTE) Report on foreign trade barriers. |
01-04-2025 |
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| 78 |
"India on Tuesday notified exports of specified quantities of commodities like eggs, potatoes, onions, rice, wheat flour, sugar, and dal for the Maldives in the current fiscal year.
The Directorate General of Foreign Trade (DGFT) in a notification said these exports have been permitted to the Maldives under the bilateral trade agreement between the countries in 2025-26." |
01-04-2025 |
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| 79 |
India is set to expand its preferential trade agreement (PTA) with Chile into a Comprehensive Economic Partnership Agreement (CEPA) during President Gabriel Boric Font’s visit. The goal is to double bilateral trade to $100 billion, focusing on sectors like automobiles, medical devices, and pharmaceuticals. |
30-03-2025 |
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| 80 |
India's fruit exports have surged by 47.5 per cent over the last five years, significantly benefiting from free trade agreements with the UAE and Australia. The government is focused on quality assurance and exploring new markets while developing cold chain infrastructure to boost these exports. |
28-03-2025 |
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| 81 |
Despite global uncertainties, India's exports are set to surge, said Director General of Foreign Trade (DGFT), Santosh Kumar Sarangi, adding that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. |
27-03-2025 |
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| 82 |
India will not impose restrictions on exporting 1 million metric tons of sugar this season despite lower output estimates. With ample stocks to meet domestic needs and surplus supply, the government sees no reason for export curbs. Mills will produce 26.4 million tons of sugar against a demand of 28 million tons, with adequate carryover stocks. |
26-03-2025 |
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| 83 |
The textile and apparel industry has set a target of $100 billion in exports by 2030 and proposed a five-point plan. Key measures include removing the 10% import duty on cotton fibers, launching an incentivization scheme, fast-tracking PM MITRA parks, expediting FTAs with the EU and USA, and not increasing GST rates for ready-made garments. |
25-03-2025 |
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| 84 |
India is estimated to contribute 6 per cent to global trade growth over the next five years, according to the 'DHL Trade Atlas 2025' report, jointly published by New York University’s Stern School of Business and German logistics brand DHL. |
24-03-2025 |
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| 85 |
India has imposed anti-dumping duties on four Chinese goods—Soft Ferrite Cores, vacuum insulated flasks, aluminium foil, and Trichloro Isocyanuric Acid—to protect domestic industries from cheap imports. These duties range from USD 276 to USD 1,732 per tonne and are set for five years, with aluminium foil subject to a provisional six-month duty. |
23-03-2025 |
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| 86 |
The government has decided to lift the 20 per cent export duty on onions from April 1 to protect farmers' interests. This move comes as onion prices have dropped due to the expected arrival of the rabi crop. The export duty was initially imposed in September 2024. |
22-03-2025 |
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| 87 |
India has requested consultations with the EU at the WTO regarding the EU's planned changes to safeguard measures on certain steel imports, which could affect India's steel industry. The EU's adjustments, set to begin in two phases, include a 25% out-of-quota duty until 2026 and alterations to residual quotas and quota caps. |
20-03-2025 |
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| 88 |
Exports of auto components and medical instruments from India have shown strong growth over the past three years. Auto parts exports rose significantly to $7.7 billion in FY24, while medical instruments exports reached $2.43 billion, highlighting India's increasing global market presence and reduced dependence on imports. |
19-03-2025 |
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| 89 |
"
Egypt and India have set an ambitious target to increase bilateral trade from $4.2bn in 2024 to $12bn over the next five years. This goal was outlined during a meeting between Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, and India’s Minister of Commerce and Industry, Piyush Goyal, as part of El-Khatib’s official visit to India." |
18-03-2025 |
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| 90 |
India has imposed a provisional anti-dumping duty ranging from $619 to $873 per metric tonne on aluminium foil imports from China. This measure will be in effect for six months to mitigate the pressure on domestic producers caused by cheaper Chinese imports, following preliminary findings of material injury. |
18-03-2025 |
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| 91 |
India's trade deficit narrowed to $14.05 billion in February, down from $22.9 billion in January, beating economists' expectations of a $21.65 billion deficit. However, India's exports were affected by concerns over the looming impact of proposed US tariffs, set to begin on April 2. |
17-03-2025 |
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| 92 |
Two ships from India and Vietnam have arrived at Bangladesh's Chittagong port, transporting 35,000 tonnes of parboiled rice. The shipments are part of agreements with both countries, including a Government-to-Government deal with Vietnam for 100,000 tonnes. Nearly 50,000 tonnes of rice were also recently imported from Pakistan. |
17-03-2025 |
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| 93 |
India and New Zealand will resume talks for a proposed Free Trade Agreement (FTA), Prime Minister Narendra Modi announced on Monday. The FTA negotiations had stalled in 2015 due to disagreements over sensitive areas like dairy and agriculture. |
17-03-2025 |
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| 94 |
India is in talks with the Democratic Republic of Congo (DRC) to sign an agreement securing critical minerals like cobalt and copper. These minerals are vital for India's energy transition and growing industrial demands. India is looking to secure such supplies from resource-rich countries like Congo, Mongolia, and Zambia. The Indian mines ministry plans to send a team of geologists to Congo for further exploration. |
12-03-2025 |
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| 95 |
The US has strongly criticised high tariffs imposed by India, Canada, and Japan on American goods. White House Press Secretary Karoline Leavitt cited India's 150% tariff on American alcohol and 100% on agricultural products, saying the US seeks fair trade. President Donald Trump also suggested further tariff hikes, accusing nations of exploiting the US for decades. Meanwhile, he claimed India had agreed to lower tariffs following increased scrutiny. Tensions over trade policies remain high as di .. |
12-03-2025 |
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| 96 |
India's cotton imports in 2024/25 may double compared to the previous year due to reduced production and adverse weather. This could lead to higher global prices, as India, the second-largest cotton producer, is expected to import 3 million bales. Meanwhile, cotton production may fall by 10% to 29.53 million bales. |
11-03-2025 |
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| 97 |
Mauritius is negotiating amendments to its trade and taxation agreements with India to restore its position as a preferred investment conduit. Since the 2016 treaty revision, FDI inflows from Mauritius to India have sharply declined. The country seeks parity with Singapore and positions itself as a gateway for Indian investors targeting African markets. |
11-03-2025 |
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| 98 |
India may lower or eliminate import duties on American walnuts, almonds, apples, and cranberries to enhance trade relations with the US. Talks are ongoing with negotiators in Washington. India aims for a bilateral trade deal by the end of the year with a target of $500 billion in bilateral trade by 2030. |
07-03-2025 |
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| 99 |
India has moved platinum alloy imports, except for 99% pure platinum alloys, to the restricted category, as announced in a government notification on Wednesday. This decision was made after some importers were disguising gold imports as platinum to bypass higher import duties. |
05-03-2025 |
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| 100 |
The Indian Institute of Foreign Trade (IIFT) has officially signed a Memorandum of Understanding (MoU) with the APEC – Antwerp/Flanders Port Training Center, Belgium, marking a significant milestone in advancing academic cooperation in the fields of international trade, logistics, and supply chain management. This partnership aims to enhance knowledge exchange and foster joint research and training programs between India and Belgium, benefitting students, faculty, and industry professionals alike. |
04-03-2025 |
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| 101 |
India and Japan have renewed their USD 75 billion bilateral currency swap agreement, as announced by the Reserve Bank of India (RBI). The Bilateral Swap Arrangement (BSA) allows both countries to exchange their local currencies for US dollars. The agreement was signed by the Bank of Japan and the RBI, and it remains effective as of February 28, 2025. |
28-02-2025 |
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| 102 |
Indian officials are considering lowering tariffs on imports such as cars and chemicals to avoid US President Trump's reciprocal levies. The aim is to finalize a trade deal with the US by fall, with the goal to bolster trade to $500 billion by 2030, addressing Trump's demand for fair trade practices. |
27-02-2025 |
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| 103 |
Australia unveils ambitious roadmap to boost trade & investment ties with India |
26-02-2025 |
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| 104 |
India is set to raise import taxes on vegetable oils again within six months to assist oilseed farmers affected by plummeting domestic prices. This move may increase local oil prices, reduce demand, and lower imports of palm, soyoil, and sunflower oil. |
21-02-2025 |
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| 105 |
Trade between India and Russia via the INSTC has doubled in the past year, significantly reducing delivery times and costs. Bilateral trade reached a record USD 66 billion in 2024, with plans to achieve USD 100 billion by 2030. Pharmaceuticals are among the key sectors for further trade diversification. |
20-02-2025 |
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| 106 |
Qatar has committed to investing $10 billion in India, enhancing bilateral economic ties. The announcement came after high-level talks between PM Modi and Qatar's Amir, highlighting India's efforts toward creating a conducive environment for Foreign Direct Investment in various sectors such as infrastructure and technology. |
19-02-2025 |
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| 107 |
India and Qatar have elevated their relationship to a strategic partnership, aiming to double their trade from $14 billion in the next five years. They signed multiple agreements, focusing on trade, investment, energy cooperation, and counterterrorism efforts, while also discussing the Middle East situation. |
19-02-2025 |
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| 108 |
India and the UAE's bilateral trade increased by 21.35 per cent to USD 80.51 billion during April-January. India's exports rose to USD 30 billion, while imports increased to USD 50.51 billion. The free trade agreement implemented in May 2022 boosted the trade significantly. Non-oil trade accounted for more than half of the total trade. |
18-02-2025 |
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| 109 |
India has a surplus of 100% broken rice, urging exporters to request the government to lift the ban on its export. This could help reduce excessive stock, provide low-cost grain to African nations, and support Asian animal feed and ethanol producers. The REA emphasised that with ample supply, the ban should be removed. |
18-02-2025 |
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| 110 |
India has initiated its first commercial sea route shipments of pomegranates to Australia, following the initial air shipment to assess market demand. The first sea shipment departed in December 2024 and arrived in Sydney in January 2025, with subsequent shipments continuing to optimize cost efficiency. |
17-02-2025 |
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| 111 |
India's exports to the US increased by 39% year-on-year to USD 8.44 billion in January, while imports rose by 33.46% to USD 3.57 billion. The US remained India's largest trading partner during April-January, with significant trade surplus and bilateral trade reaching USD 119.71 billion in 2023-24. |
17-02-2025 |
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| 112 |
India's merchandise exports for 2024-25 are projected to reach $446.5 billion, reflecting a 2.2% increase over the previous fiscal year, according to the Export-Import Bank of India. Positive factors include a strong agricultural harvest, a revival in manufacturing, and improving demand from trading partners, despite potential risks from trade policy uncertainty and geopolitical tensions. |
15-02-2025 |
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| 113 |
India and the United States aim to finalize the first phase of a Bilateral Trade Agreement by fall, focusing on increased market access and reducing trade barriers. This agreement, part of 'Mission 500', seeks to double bilateral trade to $500 billion annually by 2030 while enhancing supply chain integration and investment opportunities. |
15-02-2025 |
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| 114 |
US President Donald Trump announced plans for "reciprocal tariffs" targeting both allies and competitors, escalating global trade tensions. He criticized allies as being "worse than enemies" on trade and stated that the tariffs would be tailored to each trading partner, factoring in elements like value-added tax (VAT). |
14-02-2025 |
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| 115 |
Donald Trump on Brics: US President Donald Trump has threatened a 100% tariff on all imports from BRICS nations if they launch a common currency. Dismissing BRICS' relevance, Trump emphasized the US's leverage over the bloc, warning against attempts to undermine the US dollar. These comments highlight escalating global trade tensions, particularly with China, India, and Russia. |
14-02-2025 |
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| 116 |
The Directorate General of Trade Remedies (DGTR) has ended its anti-dumping investigation into Chinese fasteners. The probe was discontinued due to insufficient evidence of dumping and harm to Indian producers. The DGTR initiated the investigation on its own in September 2023. The decision aims to protect MSME producers against dumped goods from China. |
12-02-2025 |
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| 117 |
India has exported up to 500,000 metric tons of sugar this season, focusing on countries like Sri Lanka, Bangladesh, and Nepal. The pace is slowing due to mill closures and poor harvest conditions. Experts doubt the one million-ton quota will be met by September 2025. |
12-02-2025 |
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| 118 |
The Indian government has outlined the procedure for filing applications to import gold bullion at a reduced tariff rate under the Comprehensive Economic Partnership Agreement (CEPA) with the UAE for 2025-26. India can import up to 200 metric tonnes of gold annually with a 1 per cent tariff concession. Applications must be submitted by February 28, 2025. |
12-02-2025 |
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| 119 |
American almonds constitute 93% of India's almond imports, valued over $1 billion last year, and American pistachios 84%. Demand for dry fruits has grown due to health focus and higher incomes. The US almond market in India has grown due to strong marketing. Australia and Chile also contribute, while US seeks more trade concessions. |
12-02-2025 |
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| 120 |
Economists at Morgan Stanley and Nomura Holdings have pinpointed India and Thailand as the nations most vulnerable to President Trump's proposed reciprocal tariffs, given the significantly higher tariffs they impose on US imports. These emerging Asian markets might accelerate negotiations with the US to mitigate potential trade conflicts. |
11-02-2025 |
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| 121 |
India is considering reducing tariffs on more than 30 items and increasing purchases of US defence and energy products to avoid higher reciprocal tariffs from the United States. Prime Minister Narendra Modi's meeting with President Trump is expected to discuss these issues to maintain smooth trade relations. |
11-02-2025 |
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| 122 |
"India's Chief Economic Adviser V. Anantha Nageswaran stated that the country is not likely to lift the ban on Chinese investments soon. Both countries need to understand mutual dependence and benefits. India tightened its scrutiny on Chinese investments after the 2020 clash at the Himalayan frontier. Discussions are ongoing to address the growing trade deficit with China.
" |
11-02-2025 |
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| 123 |
India aims to activate its Trade and Economic Partnership Agreement with the European Free Trade Association by late 2025. This agreement promises a significant $100 billion investment in India, alongside tariff reductions on various European products, boosting trade and investment between India and EFTA. |
10-02-2025 |
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| 124 |
The Indian government has banned the export of raw human hair priced below USD 65 per kg due to concerns over smuggling affecting local industries. Major hubs like West Bengal, Andhra Pradesh, Telangana, and Tamil Nadu supply most of the raw human hair collected from households and temples for the global beauty market. |
10-02-2025 |
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| 125 |
India aims to reduce tariffs and phase out extra levies on imports as domestic manufacturing advances. Stakeholder consultations will be conducted to minimise custom duties without harming local industries. Recent budget changes included cutting import tariffs on various products, signaling India's efforts to overcome the 'tariff king' label. |
07-02-2025 |
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| 126 |
Commerce and Industry Minister Piyush Goyal addressed the Rajya Sabha, stating that India is negotiating with the European Union to resolve issues arising from new EU trade regulations, including the deforestation Act. The discussions aim for mutual resolutions that do not harm Indian industries. Goyal emphasized reciprocity in quality certification and strong actions against unfair trade barriers. |
07-02-2025 |
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| 127 |
India is reviewing import tariffs on over 30 items, including luxury cars and solar cells, to potentially increase imports from the US. This move aims to reduce average tariffs and improve trade ties amid global trade tensions. Consultations with local industry and various govt departments will determine the potential tariff reductions. |
05-02-2025 |
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| 128 |
The government has extended the ban on exports of de-oiled rice bran till September 30, 2025, to help control domestic prices and ensure availability for cattle feed. Additionally, DGFT has updated norms regarding wastage and standard input-output for the export of jewellery to align with duty-free metal imports. |
05-02-2025 |
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| 129 |
"India's merchandise foreign trade data for October 2024 came
packed with a pleasant surprise. The export value of 10 key products was
the highest ever in India’s trade history. Non-petroleum product exports
were also at a record $34.61 billion." |
26-01-2025 |
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| 130 |
India introduced the Diamond Imprest Authorization (DIA) Scheme that allows duty free import of natural cut and polished diamonds, thereby promoting value addition and boosting exports. |
22-01-2025 |
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| 131 |
The Government has extended the free import policy for tur (arhar/red gram) by another year to March 31, 2026. The Directorate General of Foreign Trade has issued a notification in this regard |
21-01-2025 |
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| 132 |
"The Commerce Ministry's arm DGFT on Monday updated the export policy for all products, specifying detailed conditions for each item to enhance the ease of doing business in the country.
Earlier specific policy conditions were only outlined for goods which were subject to certain restrictions or fell under some norms.
The updated schedule contains the current export policy of all ITC (HS) codes, along with specific policy conditions (if any) to be fulfilled." |
13-01-2025 |
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| 133 |
Diversifying export markets: How Indian rice brands are reaching new global destinations |
12-01-2025 |
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| 134 |
"To propel the growth of micro, small and medium enterprises (MSMEs), and enhance their competitiveness, the Uttar Pradesh (UP) government is planning to interconnect 155 industrial clusters with a dedicated e-commerce (e-com) platform.
This strategic move is expected to benefit over 50,000 industrial and manufacturing units of these clusters, administered by the UP State Industrial Development Authority (UPSIDA). The dedicated e-com portal is being developed by the UPSIDA, and will connect raw material suppliers, manufacturers, and finished goods vendors operating out of these 155 clusters." |
09-01-2025 |
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| 135 |
"The government is working on an export strategy to further accelerate the country's goods and services shipments, Commerce and Industry Minister Piyush Goyal has said.
He said the ministry is working on a ""very"" targeted manner to take the exports to $2 trillion by 2030 by addressing concerns of exporters and identifying areas of India's competitive advantages and strengths." |
05-01-2025 |
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| 136 |
Highlighting that the overall quality of the toys available in the Indian markets have developed, a study has revealed that the Indian toy industry has witnessed 52 per cent decline in imports and 239 per cent increase in exports in the financial year 2022-23 (FY23) in comparison to FY15. |
04-01-2025 |
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| 137 |
"Revolutionizing Digital Commerce: The ONDC Initiative
Digital commerce reimagined for inclusivity and innovation" |
04-01-2025 |
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| 138 |
"Commerce and Industry Minister Piyush Goyal on Friday said despite global economic uncertainties, India's exports of goods and services are expected to cross USD 800 billion, which will be a record.
Last fiscal year, the exports stood at USD 778 billion.
He said though there will be stresses in the global system, but India's exports basket is large.
He added share in services exports is also growing at a rapid pace." |
03-01-2025 |
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| 139 |
India is diversifying its export basket, focusing on products like banana, ghee, solar PV modules, and alcoholic beverages. The goal is to increase the global share of these products, targeting markets such as the US, EU, China, Japan, and more. Export revenues are expected to surge due to government incentives and global demand. |
02-01-2025 |
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| 140 |
India has the option to retaliate against any tariff measure by the US during the Donald Trump administration in sectors such as mineral fuels, iron, and steel products. However, it should also take proactive measures to engage directly with consumers and diversify markets to mitigate any adverse impacts, the Research and Information System (RIS) for Developing Countries stated on Tuesday. |
01-01-2025 |
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| 141 |
"State-run oil marketing companies (OMCs) have announced a price reduction for 19-kg commercial liquefied petroleum gas (LPG) cylinders, effective January 1, 2025. The revised prices bring slight relief to commercial establishments. In Delhi, the price has dropped by Rs 14.50, making the new cost Rs 1,804 compared to Rs 1,818.50 in December 2024.
Similar reductions have been implemented across other major metros. In Kolkata, the price now stands at Rs 1,911, down by Rs 16 from Rs 1,927 last month. Mumbai recorded a reduction of Rs 15, bringing the price to Rs 1,756 from Rs 1,771. In Chennai, the price has been cut by Rs 14.50, making the new cost Rs 1,966 compared to Rs 1,980.50 earlier." |
01-01-2025 |
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| 142 |
In 2024, India received an estimated $129.1 billion worth of remittances, the highest ever for a country in any year. Moreover, India’s share in global remittances was 14.3% this year, the highest such share since the turn of the millennium for any country. The conclusions are based on a blog article published last week by the World Bank. |
31-12-2024 |
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| 143 |
India's exports of goods and services are expected to surpass USD 814 billion in 2024, a 5.58 per cent increase from 2023. While machinery and electronics exports are growing, traditional sectors such as textiles and garments are declining, highlighting both opportunities and challenges amid sluggish global trade and geopolitical tensions. |
31-12-2024 |
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| 144 |
The government has extended the minimum export price (MEP) of $2,000 per tonne on natural honey until December 31, 2025. This measure, originally imposed in March 2023, applies to exports below this value, with major destinations being the US and UAE. |
30-12-2024 |
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| 145 |
"The commerce ministry has recommended imposition of an anti-dumping duty of up to $707 per tonne on imports of PVC paste resin, used to make artificial leather and other technical textiles' products, from six countries, including China, for five years, with an aim to guard domestic producers.
In its findings, the Directorate General of Trade Remedies (DGTR), a wing of the ministry, has concluded that 'Poly Vinyl Chloride Paste Resin' has been exported to India at a price below the normal value from certain players of the six nations -- China, Korea, Malaysia, Norway, Taiwan, and Thailand." |
29-12-2024 |
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| 146 |
"The proposed comprehensive trade agreement talks between India and Australia may get delayed despite making substantial progress as Canberra moves closer to the federal election scheduled for May next year, people aware of the matter said.
India and Australia began negotiations on the Comprehensive Economic Cooperation Agreement (CECA) in February 2023." |
29-12-2024 |
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| 147 |
The India- Australia free trade agreement has been a “landmark” pact that enabled growth in exports by over 14% in 2023-24 and increased market access for Indian exporters, commerce minister Piyush Goyal said on the second anniversary of the India-Australia Economic Cooperation and Trade Agreement (ECTA). |
29-12-2024 |
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| 148 |
India's exports to Australia surged by 64.4% year-on-year in November, driven by growth in textiles, chemicals, and agricultural products. Despite a 5.21% decline in overall merchandise exports, the Economic Cooperation and Trade Agreement (ECTA) has expanded market access and employment opportunities, enabling India to aim for AUD 100 billion trade by 2030. |
29-12-2024 |
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| 149 |
India's foreign exchange reserves dipped by $8.4 billion to $644.39 billion as of December 20, according to data shared by the Reserve Bank of India (RBI) on Friday. For the previous week, India's foreign exchange reserves dropped by $1.98 billion during the week ending December 13, 2024, settling at $652.87 billion. |
27-12-2024 |
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| 150 |
The Indian rupee's 2.34% depreciation against the US dollar from December 2023 to December 2024 is expected to increase India's import bill by about USD 15 billion. Gold and industrial goods imports from China, priced in USD, will be significantly affected, while a 5% drop in Brent crude prices mitigates some of the impact on oil imports. |
27-12-2024 |
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| 151 |
"The government has imposed import restrictions on low ash metallurgical coke for six months from January 1 to June 30, 2025, according to a notification.
The government has also imposed quantitative restrictions (QR) on the imports from certain countries, including Australia, China, Colombia, Indonesia, Japan, Poland, Qatar, Russia, Singapore, Switzerland, and the UK." |
26-12-2024 |
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| 152 |
Exporters: Know when you can claim duty drawback and Rodtep benefits |
24-12-2024 |
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| 153 |
India extends duty-free import timeline for yellow peas until February 2025 to cool pulse prices. The duty on yellow peas was first implemented in 2017. India imports pulses primarily from Canada, Russia, Myanmar, Australia, and some African countries. Despite increased production, India's demand surpasses domestic supply. |
24-12-2024 |
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| 154 |
India prepares for trade talks with the returning Trump administration. The government consults with industry to identify key export priorities. Potential tariffs and the mini-trade deal are under consideration. India also explores strategies like IT export diversification and domestic manufacturing growth. The Indo-Pacific Economic Framework trade pillar remains a point of contention. |
23-12-2024 |
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| 155 |
US Ambassador Eric Garcetti advocated for stronger US-India trade ties, emphasizing the need for lower tariffs and increased fairness. He lauded India's workforce and called for combining American resources with Indian ingenuity to achieve mutual ambitions. |
20-12-2024 |
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| 156 |
India is staring at upcoming trade challenges, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said. The EU carbon tax and US policies may create barriers. These include non-tariff measures and potential tariff hikes. Reciprocity in trade will likely be a key factor, he added. |
18-12-2024 |
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| 157 |
India is poised to levy a temporary 25% tax on steel imports to counter inexpensive imports, primarily from China. Small manufacturers' initial opposition subsided after assurances of reduced steel prices from larger domestic producers. A government investigation into the impact of cheap imports is expected to conclude within a month, paving the way for the safeguard duty's implementation. |
17-12-2024 |
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| 158 |
"India's merchandise trade deficit in November surged to a record $37.84 billion, up from $27.1 billion in October, according to government data. Exports grew by 2.17% year-on-year from April to November, but imports rose at a higher rate of 8.35%, contributing to the widening deficit.
" |
16-12-2024 |
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| 159 |
India's November imports of Russian crude oil plummeted to their lowest point since June 2022, despite Russia remaining India's primary supplier. This 55% drop coincided with a widening discount on Russian Urals crude. While Russia's overall fossil fuel revenues from India declined, China emerged as the largest buyer of Russian coal and crude. |
15-12-2024 |
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| 160 |
India and Britain will resume their talks on a free trade agreement by the end of January, Indian government sources told Reuters on Thursday |
12-12-2024 |
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| 161 |
India, EU Aiming For Balanced, Comprehensive And Mutually Beneficial Free Trade Agreement: Piyush Goyal |
12-12-2024 |
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| 162 |
Foreign Affairs Minister Winston Peters has hinted that New Zealand may soon announce the start of long-anticipated trade deal negotiations with India. |
06-12-2024 |
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| 163 |
Sophie Primas, Minister Delegate for Foreign Trade and French Nationals Abroad, attached to the Minister for Europe and Foreign Affairs of France is scheduled to undertake a three-day visit to India starting on November 27, seeking to enhance ease of doing business and investment flows between both nations. |
26-11-2024 |
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| 164 |
India and the UK are set to resume negotiations for a free trade agreement early next year. The talks, stalled due to elections in both countries, aim to address remaining issues in goods and services trade. Both sides seek greater market access, with India focusing on skilled professionals and the UK targeting reduced tariffs on specific goods. |
20-11-2024 |
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| 165 |
Despite continuing wars and the Red Sea issue and India not taking any meaningful slice of the Bangladesh’s market, India’s garment exports are rising. Exporters attribute this to mainly to the depletion of stocks with the buyers and many economies doing better. |
18-11-2024 |
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| 166 |
Tariffs on India will lead to trade war: US Congressman-elect Subramanyam |
18-11-2024 |
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| 167 |
"A new report by GTRI supports India's decision to opt out of RCEP, citing concerns over widening trade deficits, particularly with China. The study argues that RCEP could harm domestic industries, especially MSMEs, and offers limited export gains, outweighing potential benefits like GVC integration.
" |
17-11-2024 |
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| 168 |
"India and Germany have a strategic partnership, with both nations maintaining close bilateral and trade ties since 2001. In 2023, the two nations signed the Work Plan 2023, focusing on global harmonization and sector-specific cooperation in artificial intelligence, cybersecurity, circular economy, and smart farming.
A recent survey reveals that nearly 60 percent of German businesses plan to increase investment in India in FY 2024–25, with 78 percent intending to boost investments over the next five years. Additionally, it has been reported that Germany plans to increase visa availability for skilled workers from India in the coming year." |
14-11-2024 |
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| 169 |
Indian and Kazakh business leaders convened at the India-Kazakhstan Business Conference in Astana to explore partnerships in electronics and engineering. Ambassador Prasad highlighted India's potential in these sectors, emphasizing opportunities in digital transformation, infrastructure development, and manufacturing. The conference aimed to boost bilateral trade and foster joint ventures between companies from both nations. |
13-11-2024 |
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| 170 |
UK businesses are making a big impact in India, generating over Rs 5 trillion in revenue and employing over half a million people. The India-UK Free Trade Agreement is expected to further boost this growth, particularly in sectors like renewable energy and technology. British investments are supporting India's economic development and sustainability goals. |
13-11-2024 |
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| 171 |
Indian automobile and consumer goods companies witnessed growth in exports. Overseas sales increased for companies like Maruti Suzuki, Bajaj Auto and ITC. The Society of Indian Automobile Manufacturers reported a 12% rise in passenger vehicle exports. Industry leaders are optimistic about the future of exports. Some companies are expanding manufacturing capacity to meet growing global demand. |
07-11-2024 |
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| 172 |
India's merchandise and service exports are predicted to exceed USD 800 billion this fiscal year, driven by government support and competitive products. Government initiatives like new industrial cities and the production-linked incentive scheme are boosting domestic manufacturing. Despite geopolitical challenges, Indian exporters are securing orders globally, with the government actively mitigating issues like the Red Sea crisis. |
07-11-2024 |
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| 173 |
India's export competitiveness has seen significant gains in multiple sectors over the past five years. Key sectors such as petroleum, gemstones, agrochemicals, and sugar have notably increased their share in global trade, with India becoming a leading exporter in several of these categories, according to commerce ministry data. |
03-11-2024 |
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| 174 |
"India scraps export tax on parboiled rice to boost exports
Bigger rice shipments from India would beef up overall global supplies and soften international prices" |
23-10-2024 |
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| 175 |
India removes minimum export price on non-basmati white rice |
23-10-2024 |
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| 176 |
Indian exports recorded good growth of 4.86 per cent in the first half of 2024-2025, as per quick estimates released on October 16, with total exports (merchandise and services) rising from $375 billion in April-September 2023-2024 to $393.2 billion ... |
22-10-2024 |
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| 177 |
India’s finished steel imports surged 41.3 per cent to 4.7 million tonnes (mt) in the first half of this financial year compared to the same period last year. Country-wise data for the first five months show China continues to lead the pack with the largest share in total finished steel imports with 30.5 per cent. |
20-10-2024 |
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| 178 |
In the first six months of the current fiscal year, India's automobile exports increased by 14 per cent year-on-year. This growth was driven by higher shipments of passenger vehicles and two-wheelers. Key markets like Latin America and Africa have contributed to the rebound. Passenger vehicle exports rose 12 per cent, while two-wheeler exports increased 16 per cent. |
20-10-2024 |
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| 179 |
The vehicle exports from India bounced back in the first six month of the current financial year (FY25) compared to the same period last fiscal, with more than 2.52 million automobiles shipped abroad. The auto exports stood at 25,28,248 units in H1 FY25 (compared to 22,11,457 units in H1 FY24) — a 14 per cent jump. |
20-10-2024 |
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| 180 |
India’s import of lentils from key supplier Canada has been steady so far despite deepening diplomatic tensions between the two countries but traders are increasingly turning to Australia to diversify away from the north American producer. |
18-10-2024 |
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| 181 |
India mulls MEP removal on white rice exports amid stiff competition from Pakistan |
18-10-2024 |
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| 182 |
India's pharmaceutical and meditech exports continue to grow despite global economic slowdown, with robust double-digit growth. Government-backed drug development initiatives have 16 blockbuster molecules in the pipeline for cancer, diabetes, HIV, and more. The industry is also expanding in imaging devices, body implants, and diagnostics. |
09-10-2024 |
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| 183 |
Finance Minister Nirmala Sitharaman criticizes the EU's Carbon Border Adjustment Mechanism (CBAM), calling it unilateral and arbitrary. CBAM, set to start in 2026, may harm India's exports in key sectors like steel and cement. Despite this, talks on an FTA with the EU are expected to continue. |
09-10-2024 |
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| 184 |
LDB has tracked over 75 million EXIM containers, signifying the impact of digitalization on India's logistics. Created by NLDS, it offers container visibility across various logistics nodes. This initiative has improved India's LPI ranking and receives over 45 lakh searches monthly, indicating its effectiveness. |
03-10-2024 |
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| 185 |
The NITI Aayog has embarked on a significant revamp of various Centrally Sponsored Schemes (CSSs) focused on law, order, and justice delivery, according to a report from The Financial Express. The Development Monitoring and Evaluation Office (DMEO) of NITI Aayog has sought proposals from consultancy firms to support the evaluation of these schemes. |
30-09-2024 |
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| 186 |
The government has exempted non-basmati white rice from export duty and reduced the levy on parboiled rice to 10 per cent. The export duty on husked and paddy rice has also been lowered to 10 per cent. These changes, effective from September 27, 2024, aim to boost exports and enhance farmers' income |
28-09-2024 |
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| 187 |
"The government imposed countervailing duties of 12-30 percent on steel imports from China and Vietnam last week, heeding steelmaker’s pleas to protect domestic producers from cheap imports.
The move comes as Chinese steel imports to India surged 200 percent in the six months to June 30 from a year earlier, while Vietnamese shipments doubled, straining local producers of the alloy. Cheap imports have also undermined India’s steel export prospects." |
17-09-2024 |
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| 188 |
For a country like India which is a huge and diverse economy with different sectors and States at different stages of development, there can’t be a strict prescription for growth, says World Bank Chief Economist Indermit Gill. But the ‘infusion’ stage should not be generally skipped. |
17-09-2024 |
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| 189 |
"The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is set to launch a groundbreaking digital platform aimed at strengthening India’s startup ecosystem. The Bharat Startup Knowledge Access Registry (BHASKAR) initiative, under the Startup India program, is a platform designed to centralize, streamline, and enhance collaboration among key stakeholders within the entrepreneurial ecosystem, including startups, investors, mentors, service providers, and government bodies.
This initiative aligns with the Government of India’s vision to transform India into a global leader in innovation and entrepreneurship, reinforcing the country’s commitment to the startup movement." |
15-09-2024 |
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| 190 |
India is revising FTAs with South Korea, Malaysia and various other Asean countries to benefit the domestic industries, Union Minister of State for Ministry of Commerce and Industry Jitin Prasada said |
10-09-2024 |
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| 191 |
"A push by India to make more corn-based ethanol has turned Asia's top corn exporter into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains.
The jump in import demand comes after India in January hiked the procurement price of ethanol made from corn to drive a shift away from sugarcane-based ethanol for blending in gasoline." |
04-09-2024 |
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| 192 |
Think tank GTRI has criticized the World Bank's suggestion for India to reconsider joining the RCEP, calling it based on flawed assumptions and outdated projections. GTRI argues that India's decision to stay out of RCEP was strategically sound, emphasizing the need for data-based analysis tailored to developing countries' specific challenges. |
04-09-2024 |
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| 193 |
The World Bank has raised its growth forecast for India's economy to 7 per cent for the current financial year (FY25), up from an earlier projection of 6.6 per cent, according to a statement released on Tuesday. This revision comes amid expectations of stronger economic performance, driven by key factors such as private consumption and investment. |
03-09-2024 |
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| 194 |
The deadline for reviewing the import management system for laptops and IT products is approaching. Companies have imported over USD 4 billion worth of these products this fiscal, primarily from China. The government issued authorisations last year to monitor imports without affecting supply, with the validity extending until September 30, 2024. |
03-09-2024 |
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| 195 |
India's trade ministry has advised imposing an anti-dumping duty on aluminium foil imports from China. This recommendation follows a surge in Chinese shipments, which have claimed nearly a third of India's market despite sufficient local production. The proposed duty targets foil up to 80 microns thick, aiming to protect domestic manufacturers. |
02-09-2024 |
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| 196 |
The GTRI data analysis stated that China supplies 95.8 per cent of India's umbrellas and sun umbrellas (USD 31 million) and 91.9 per cent of artificial flowers and human hair articles (USD 14 million). Additionally, glassware (USD 521.7 million, 59.7 per cent), leather articles including saddlery and handbags (USD 120.9 million, 54.3 per cent), and toys (USD 120.2 million, 52.5 per cent) are seeing a similar trend, severely impacting domestic manufacturers |
01-09-2024 |
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| 197 |
India is considering raising import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices |
29-08-2024 |
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| 198 |
Provisional LNG vessel tracking data from commodity market analytics firm Kpler shows that India imported 2.60 million tonnes (mt) of LNG in June, the highest in as many as 44 months. |
27-08-2024 |
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| 199 |
"GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network (GSTN) has said in an advisory.
As per GST Rule 10A, a taxpayer is required to furnish details of a valid bank account within a period of 30 days from the date of grant of registration, or before furnishing the details of outward supplies of goods or services or both in Form GSTR-1or using Invoice Furnishing Facility (IFF), whichever is earlier.GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network (GSTN) has said in an advisory.
As per GST Rule 10A, a taxpayer is required to furnish details of a valid bank account within a period of 30 days from the date of grant of registration, or before furnishing the details of outward supplies of goods or services or both in Form GSTR-1or using Invoice Furnishing Facility (IFF), whichever is earlier." |
27-08-2024 |
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| 200 |
India and Australia engaged in their tenth round of negotiations for a Comprehensive Economic Cooperation Agreement from August 19-22 in Sydney. Discussions focused on goods, services, digital trade, and other areas, with the aim of narrowing differences. The next round of talks will be held in November, according to the commerce ministry. |
27-08-2024 |
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| 201 |
India's textile industry was expected to reach USD 65 billion in exports by FY26, with the domestic market projected to grow to USD 350 billion by 2030. Government incentives and a robust FDI outlined the growth plan. The industry provided jobs to millions and became a key player in technical textiles and PPE manufacturing. Competitive production costs and skilled labor further bolstered the sector. |
24-08-2024 |
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| 202 |
At the CII India Africa Business Conclave, Commerce secretary Sunil Barthwal said that the African Continental Free Trade Area (AfCFTA) has identified four potential sectors - automobiles, agriculture and agro-processing, pharmaceutical and transportation and logistics- where the two sides can collaborate. |
23-08-2024 |
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| 203 |
India, Malaysia to trade in local currencies, elevate ties to comprehensive strategic partnership |
22-08-2024 |
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| 204 |
India's Commerce and Industry Minister, highlighted potential to double India-Africa trade to USD 200 billion in seven years. Key collaboration areas Goyal mentioned include agriculture, pharmaceuticals, mining, and renewable energy. He urged increased participation in India's duty-free scheme and emphasized partnerships in IT, entertainment, and critical minerals, especially for the EV sector. |
22-08-2024 |
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| 205 |
the Union minister of new and renewable energy Pralhad Joshi, chaired the signing ceremony of the first-ever agreement for the export of Green Ammonia from India to Japan. |
21-08-2024 |
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| 206 |
Food Safety and Standards Authority of India has given four more months till Dec. to food business operators to exhaust all pre-printed packaging materials claiming "100% fruit juices" in their packaged juice products. The decision to extend the current deadline of Aug. 31 has been taken following consultations with stakeholders. |
21-08-2024 |
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| 207 |
India has allowed the export of 200,000 tonnes of non-basmati white rice to Malaysia as per an August 20 notification, coinciding with the Malaysian Prime Minister's visit. Initially banned in July 2023, exports have now started to various countries under set conditions to address their food security needs. |
21-08-2024 |
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| 208 |
West Bengal Government approved the export of potatoes up to 2 lakh tonnes to other states in a week |
20-08-2024 |
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| 209 |
India has extended restrictions on exports of deoiled rice bran until Jan. 31. |
19-08-2024 |
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| 210 |
Indian exporters are worried about the Monkeypox outbreak in Africa, a key trading partner. Although the situation is currently under control, they fear possible disruptions. The WHO has renewed its declaration of the virus as a public health emergency. India and Africa aim to expand their bilateral trade to USD 200 billion by 2030. |
19-08-2024 |
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| 211 |
The government is reviewing the proposal for extending the interest equalisation scheme and a decision on it could be announced within a month or two |
16-08-2024 |
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| 212 |
"Indian rice export prices declined further this week due to subdued demand and expectations of higher production in the new season as cultivation areas expanded.
Top exporter India's 5 per cent broken parboiled variety was quoted at $536-$540 per metric ton, down from last week's $539-$545. India's discount to Thailand and Vietnam's prices has narrowed, leading to lower exports, said a New Delhi-based dealer with a global trade house." |
16-08-2024 |
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| 213 |
India's exports of medicines have gained significant market share in the US, standing as the third-largest import source in 2023. With exports worth USD 9 billion, India's share rose to 13.1 per cent. The country also saw notable growth in antibiotics exports to Italy and MRI apparatus exports to Germany, reflecting efforts in boosting domestic manufacturing. |
16-08-2024 |
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| 214 |
India's electronic goods exports surged by 37.31 per cent in July, reaching USD 2.8 billion, reflecting growing global demand. From April to July 2024, electronic goods exports totaled USD 11.24 billion. Meat, dairy, and poultry exports also saw a substantial increase of 56.18 per cent. India's total exports in July were USD 62.42 billion, up 2.81% from last year. The government aims to achieve a full-year export target of USD 800 billion. |
16-08-2024 |
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| 215 |
"India’s merchandise trade deficit widened to $23.5 billion in July compared with $21 billion in the previous month, according to data released by the ministry of commerce on August 14.
Country’s merchandise exports declined by 1.5 percent, and imports rose by 7.5 percent during July. The country exported $33.98 billion worth of goods, while it imported $57.48 billion." |
14-08-2024 |
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| 216 |
India has agreed to New Zealand’s request to reduce the 30% import duty on Kiwi fruit. New Zealand has also opened its market to fresh pomegranate seeds, bananas, and Indian mangoes. |
14-08-2024 |
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| 217 |
India’s onion exports fell over 50 percent in June, hindered by a minimum export price of $550 per tonne and a 40 percent export duty, making Indian onions costlier than competitors. Exporters are pushing for the removal of these policies, arguing that domestic supply is ample. Up to July 2024, 2. |
12-08-2024 |
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| 218 |
Last year, the 14 IPEF nations inked a supply chain resilience agreement to reduce dependence on China and shift production of critical sectors and key goods to member countries. The IPEF includes India, Australia, the US, Japan, Fiji, South Korea, New Zealand, Singapore and Thailand, representing 40% of global gross domestic product and 28% of the global trade in goods and services. |
12-08-2024 |
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| 219 |
Germany’s new Low Emission Steel Standard (LESS) may add to the difficulties faced by India's steel industry. Categorizing steel by emission levels, LESS could damage exports and create negative perceptions. GTRI advised Indian firms to adopt low-carbon technologies and obtain LESS certification to improve sustainability and market access. |
12-08-2024 |
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| 220 |
Commerce and Industry Minister Piyush Goyal on Wednesday suggested the seven member countries of the Bimstec bloc to relook at the progress of Free Trade Agreement talks which are moving at a very slow pace. |
08-08-2024 |
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| 221 |
India's garment sector could see a 10-20% rise in export orders in the next 18 months amid Bangladesh's political unrest. This could bolster apparel exports by $2-3 billion annually. Exporters emphasize preparedness for potential trade shifts, especially with Bangladesh's expected LDC status change by 2027. Tiruppur anticipates a 10% order increase. |
08-08-2024 |
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| 222 |
S&P Global Ratings, Director, Sovereign and International Public Finance Ratings (Asia-Pacific), Andrew Wood said that S&P expects domestic demand conditions in Bangladesh in this period of time to be weak and probably going to entail less support for exports from other countries, including India, into Bangladesh. |
07-08-2024 |
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| 223 |
"The government on Tuesday said it is developing a trade connect e-platform to connect exporters, MSMEs and entrepreneurs with various stakeholders including Indian missions abroad, export promotion councils, and other partner government agencies.
Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha that the platform will provide information on trade events taking place in different parts of the world, benefits available due to India's free trade agreements (FTAs) and other international trade-related information and data." |
07-08-2024 |
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| 224 |
"April-June 2024-25 (FY25) was the fifth quarter when India’s import of electronic goods topped $20 billion.
Electronic components and computer hardware accounted for more than half the electronic goods import in the June quarter as against 46 per cent before the pandemic." |
07-08-2024 |
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| 225 |
"Ministry of Ports, Shipping and Waterways (MoPSW) is working on a new shipbuilding scheme, which would incentivise Indian shipyards till 2035 by various measures, a senior government official has said.
Ports, Shipping and Waterways Secretary T K Ramachandran further said with the new policy, India will endeavour to be among the top 10 shipbuilding nations by 2030 and the top five by 2047, from 22nd in the world at present." |
06-08-2024 |
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| 226 |
"As India's organic food exports reached approximately $495 million in FY24, the stakeholders need to work on five key areas to further boost the country's share in the organic export market, according to Commerce Secretary Sunil Barthwal.
These five important areas are: Certification and testing, labelling, packaging, branding and logistics." |
06-08-2024 |
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| 227 |
The Ministry of Food Processing Industries (MoFPI) had organized a Startup Conclave titled SUFALAM (Startup Forum for Aspiring Leaders and Mentors) on 13-14 February, 2024 at New Delhi to promote Startups in the food processing sector. The event had knowledge session, panel discussion, networking & pitching session along with exhibition showcasing novel products from the startups. |
06-08-2024 |
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| 228 |
Agriculture is at the centre of economic policymaking, says PM Modi at Global Agri Economists Meet |
06-08-2024 |
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| 229 |
Reforms in customs and banking rules, access to credit, and incentives at par with China are essential for India to boost its e-commerce exports to USD 350 billion by 2030, according to a report by the think tank GTRI. The Global Trade Research Initiative (GTRI) emphasized the need for separate regulations and ecosystems to support two types of e-commerce exports: direct export and overseas warehouse models. |
05-08-2024 |
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| 230 |
Indo-Bangladesh trade has effectively halted due to unrest in Bangladesh following Prime Minister Sheikh Hasina's resignation on Monday. A three-day trade holiday, excluding essential services, was announced by the Bangladesh government, disrupting export and import activities at land ports. |
05-08-2024 |
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| 231 |
India is seeking customs duty concessions on goods such as cars, commercial vehicles, and machinery from Sri Lanka under a comprehensive free trade agreement (FTA). The 14th round of talks between senior officials of India and Sri Lanka concluded in Colombo, focusing on rules of origin, goods, services, and technical barriers for trade. Sri Lanka has also requested removal of a quota on apparel exports to India, duty concessions on tea, and certain agricultural commodities. |
05-08-2024 |
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| 232 |
The Central Board of Indirect Taxes and Customs (CBIC) has restored a concessional 10% import duty on chemicals imported for lab use by modifying a duty hike announced in the Union budget for FY25 to prevent tax evasion, an official order showed. |
02-08-2024 |
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| 233 |
"India has announced two additional ports for the export of essential commodities from India to the Maldives for the financial year of 2024-25.
The two new ports announced are namely: Kandla Sea (INIXY1) and Vishakhapatnam Sea (INYTZ1)." |
02-08-2024 |
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| 234 |
"Kempegowda International Airport Bengaluru on Wednesday announced the successful conclusion of another exceptional mango export season, solidifying its reputation as a key player in the agricultural export industry.
The Bengaluru airport shipped a staggering 822 metric tonnes (MT) of mangoes in 2024, marking a phenomenal 20 percent year-on-year growth." |
02-08-2024 |
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| 235 |
"Self-sufficiency, stronger currency, fundamentals would help India become $55-trillion economy by 2047: Piyush Goyal
" |
01-08-2024 |
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| 236 |
"Vietnamese Prime Minister Pham Minh Chinh called for exploring a free trade agreement with India during his visit to New Delhi. Speaking at the Vietnam-India Business Forum, he emphasized the goal of increasing bilateral trade to USD 20 billion and urged Indian businesses to invest more in Vietnam, particularly in strategic infrastructure areas.
" |
01-08-2024 |
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| 237 |
"Comprehensive Economic Partnership Agreement helped trade between UAE, India increase by 15%
" |
01-08-2024 |
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| 238 |
The Supreme Court requested responses on a plea by Rika Global Impex Ltd. challenging bans on exporting non-basmati white rice. The court will examine claims that notifying restrictions opposed public interest and breached Foreign Trade Policy. The petitioner seeks to annul the notifications and gain export approval for previously acquired rice stock. |
01-08-2024 |
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| 239 |
To make it easier for exporters to do business, the government has simplified the Export Promotion Capital Goods (EPCG) scheme which allows import of capital goods at zero customs duty against an obligation to export. |
30-07-2024 |
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| 240 |
he government on Monday allowed the export of 1,000 metric tonnes of non-basmati white rice to Namibia. In a notification, the Directorate General of Foreign Trade (DGFT) said that exports are allowed through National Cooperative Exports Limited (NCEL). |
29-07-2024 |
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| 241 |
"
Indian textile exports have increased 4.15% in the first quarter of the current fiscal year, driven by rising demand from Commonwealth of Independent States (CIS) and South Asian markets.
According to the latest data from the commerce ministry, textile exports grew to $8.78 billion in the first quarter of FY25 compared to $8.43 billion in the same period last year." |
27-07-2024 |
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| 242 |
"
India has revamped customs duties to support domestic manufacturing and align with global value chains. Changes include adjustments for mobile phones, electronics, precious metals, critical minerals, and more. The aim is to promote local value addition and boost export competitiveness." |
25-07-2024 |
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| 243 |
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The decision to cut ""too high"" import duty on gold will help in containing smuggling and boost the country's exports of gems and jewellery, CBIC Chairman Sanjay Kumar Agarwal said on Wednesday. In the last financial year, seizures of gold made by Customs formation and the DRI together were around 4.8 tonnes, up from 3.5 tonnes in 2022-23." |
25-07-2024 |
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| 244 |
"
Various inputs used in the manufacture of shrimp and fish feed will now enjoy customs duty exemptions, MPEDA said, adding a number of feed inputs such as mineral and vitamin pre-mixes, krill meal, fish lipid oil, crude fish oil, algal prime, algal oil are fully exempted from any import duty." |
25-07-2024 |
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| 245 |
"
India has ended its silver and platinum imports from the UAE due to removal of concessionary duties, as per a recent trade agreement. The cessation follows New Delhi's decision to reduce import taxes, diminishing the duty arbitrage bullion dealers had been exploiting. On Tuesday, the world's second-largest bullion consumer cut import duties on gold and silver from 15% to 6%." |
25-07-2024 |
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| 246 |
"
India-Bangladesh trade via land ports halted due to protests, a two-day holiday, and unrest. BSF evacuated students. Over 700 trucks with general merchandise wait in Petrapole, South Asia's largest port, impacted by unrest in North 24 Parganas. Mahadipur, Gojadanga, Fulbari affected. Economic factors and monsoon also impacted trade." |
23-07-2024 |
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| 247 |
"
India’s economy is shifting with global supply chains favoring it. Mobile phone exports rose 40.5% in FY24. PLI schemes boosted toys and footwear. Toy exports turned India from net importer to surplus, reducing imports. Footwear, smartphone, and defence exports grew. Economic Survey 2023-24 data confirms these changes." |
23-07-2024 |
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| 248 |
"
Indian exporters are adding more geographies to promote their outbound shipments and tide over the problems emerging due to global uncertainties caused by geopolitical tensions, the Economic Survey 2023-24 said. Amidst the prevailing geopolitical dynamics, India is expected to benefit from its strong trade relations across countries, it said." |
23-07-2024 |
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| 249 |
"
India is seeking significant duty cuts in a large swathe of its exports to South Korea as it launches into a review of its free trade agreement with the Asian economic powerhouse.
India wants tariff cuts in agricultural products, textile & apparel, pharmaceuticals, electronics and petrochemicals goods, among others, while South Korea has demanded better mobility access for its professionals." |
19-07-2024 |
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| 250 |
"
India and the EU will hold the next round of talks for a free trade agreement in September." |
19-07-2024 |
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| 251 |
"
Commerce and Industry Minister Piyush Goyal has called for increased collaborations among trusted partner countries to ensure smooth supply of critical minerals, semiconductors, pharmaceuticals, and green energy. He stressed the importance of analyzing global supply chains' resilience during crises like the pandemic, Ukraine-Russia conflict, and Red Sea crisis." |
19-07-2024 |
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| 252 |
"
India is considering reducing the floor price for basmati rice exports and replacing the 20% export tax on parboiled rice with a fixed duty to address record-high rice inventories. This move aims to boost shipments and compete with Pakistan, the other leading basmati rice exporter. The government may also introduce a minimum export tax to prevent under-invoicing and review the ban on non-basmati white rice exports, depending on rice planting progress." |
19-07-2024 |
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| 253 |
"
Malaysia has urged India to ease export restrictions on key farm goods such as rice and sugar. Malaysia's Minister for Plantation and Commodities, Johari Bin Abdul Ghani, highlighted the negative impact of India's abrupt export curbs on Malaysia during an industry conference in New Delhi." |
19-07-2024 |
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| 254 |
"
Steps recommended by the think tank GTRI to boost trade between India and Russia include increasing exports, implementing local currency trading, and pursuing a free trade agreement with the Eurasian Economic Union. Despite a growing trade deficit, India benefits from favorable crude oil deals with Russia. The impact of the Ukraine war and US sanctions has reshaped the trade relationship, prompting a push for a bilateral trade target of USD 100 billion by 2030." |
19-07-2024 |
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| 255 |
"
Union Commerce and Industry Minister Piyush Goyal met with Italian Deputy PM Antonio Tajon at the G7 Trade Ministers' Meeting in Italy. They discussed enhancing bilateral cooperation in investments, start-ups, and energy. Minister Goyal also met with UK Secretary of State for Business and Trade and German Minister for Economic Affairs & Climate Action to strengthen economic relations. The visit aims to showcase India's trade and investment opportunities to the world." |
18-07-2024 |
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| 256 |
"
The central government has extended the exemption of a particular kind of inspection certificate that was needed for rice exports, both basmati and non-basmati, to certain European nations by another six months.
India banned the export of rice in July 2023 to control inflation and secure food security. However, some exports, in limited quantities, were allowed later, subject to laid-out conditions." |
17-07-2024 |
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| 257 |
"
India will review the tariff concessions granted to ASEAN countries, including Vietnam, which allow zero-tariff imports of mobile phone components, the first first person said. By reviewing these tariff concessions, India can potentially protect and encourage the growth of its domestic industries." |
10-07-2024 |
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| 258 |
"
FSSAI has approved a proposal to display nutritional information regarding total sugar, salt and saturated fat in bold letters and relatively increased font size on labels of packaged food items.
" |
09-07-2024 |
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| 259 |
"
150-Day Duty-Free Import Window for Food Commodities, suspension of duties, tariffs and taxes for the importation of certain food commodities (through land and sea borders). These commodities include maize, husked brown rice, wheat and cowpeas.
Under this arrangement, imported food commodities will be subjected to a Recommended Retail Price (RRP): Ministry of Agriculture" |
09-07-2024 |
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| 260 |
"
A 10-member delegation from the Ministry of Shipping, and the Ministry of Home Affairs, Bangladesh, led by S.M. Mostafa Kamal, Joint Secretary (Shipping), and Sheikh Saleh Ahammed, Joint Secretary (Home Affairs), visited Visakhapatnam Port Authority (VPA) on Monday, July 8.
The visit is part of Bangladesh’s efforts to explore export-import (EXIM) trade opportunities with India, particularly along the Eastern Coast. The delegation focussed on evaluating the commercial and technical viability of the eastern ports to enhance trade benefits for both countries." |
09-07-2024 |
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| 261 |
Proposal to set up banana cluster in Jalgaon for export: APEDA |
09-07-2024 |
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| 262 |
"
Exports of mangoes from West Bengal's Malda district have been hit this year as exporters have failed to secure remunerative prices from overseas buyers, while sellers are getting lucrative prices in the domestic market, officials said on Saturday. Importers from the UK and the UAE had initially shown interest, which could not materialise in shipments due to price disagreements, they said." |
09-07-2024 |
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| 263 |
"
Prime Minister Narendra Modi on Saturday spoke to newly elected British Prime Minister Keir Starmer as the two leaders agreed to work towards an early conclusion of a mutually beneficial India-UK free trade agreement, a statement said. Modi congratulated him on assuming charge and a remarkable victory of his Labour Party in the election." |
09-07-2024 |
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| 264 |
"
India's coal imports increased by 5.3% to 52.29 million tonnes in April-May FY24, compared to the previous year. However, May imports dropped slightly to 26.19 MT from 26.57 MT last year. Despite potential import demand slowing due to monsoons and rising coking coal prices, domestic production remains robust." |
09-07-2024 |
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| 265 |
"
Senior officials of India and the UK will hold talks this month to finalise the proposed free trade agreement, as the new government in Britain aims to resolve pending issues and conclude negotiations. The talks, which began in January 2022, were stalled during the countries' general election cycles. Both sides are working towards a mutually beneficial FTA, addressing issues in goods, services, investments, and intellectual property rights." |
09-07-2024 |
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| 266 |
"
India, top rice exporter, might ease export limits before October's crop. Plans include fixed duties on white rice and removing the 20% tax on parboiled rice to reduce Asian prices, aiding West Africa and Middle East. Monsoon rains boosted sowing recovery, increasing acreage. Data indicate increased sowing for the main rice crop since 2023." |
09-07-2024 |
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| 267 |
"
""Indian meat exporters have a significant opportunity to increase their share in overall meat export to Egypt, even to 100 per cent from the current 75-80 per cent, the ambassador of Egypt to India""" |
06-07-2024 |
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| 268 |
"Bangladesh To Use More Indian Ports For Third Country Exports
The focus will be on ports of Chennai in Tamil Nadu, Visakhapatnam and Krishnapatnam in Andhra Pradesh, and Haldia and Kolkata in West Bengal.
" |
04-07-2024 |
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| 269 |
"IMF chief economist Pierre-Olivier Gourinchas stated that India could benefit from global tariff actions against China, noting India's significant FDI inflows since 2020.
" |
04-07-2024 |
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| 270 |
"India aims to clock $2 trillion goods and services exports by 2030 amid the Red Sea crisis and two ongoing wars. Ecommerce exports are growing rapidly and those done through the postal and courier routes are pegged at $1.5 billion.
" |
04-07-2024 |
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| 271 |
"India has launched an anti-dumping probe into Chinese lift guide rails. The move comes after a complaint from a domestic company, and aims to safeguard local industry from low-cost imports.
" |
03-07-2024 |
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| 272 |
India and Australia are looking at ways to increase cooperation in critical minerals and their processing besides battery production. |
01-07-2024 |
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| 273 |
"The commerce ministry is developing a platform for registering non-tariff barriers (NTBs) faced by exporters and taking up with the concerned countries for their resolution.
" |
01-07-2024 |
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| 274 |
"India has capped wheat stock limits for retailers and processors and may reduce or eliminate import taxes to stabilize prices, said Food Secretary Sanjeev Chopra. This move aims to curb inflation and manage supply, as the government explores various measures to ensure wheat price stability in the market.
" |
26-06-2024 |
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| 275 |
"The Philippines, one of the world's largest rice buyers and biggest importers of the Vietnamese grain, officially announced a reduction in rice import taxes from 35% to 15%, effective in early August this year and lasting until 2028.SC) certificate to the local clam farming sector.
" |
26-06-2024 |
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| 276 |
"After launching fresh milk in the US, Amul will soon spread its wings to neighbouring Canada.
" |
26-06-2024 |
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| 277 |
"Exporters are set to discuss fiscal support measures with Finance Minister Nirmala Sitharaman on Tuesday aiming to boost India's exports to USD 2 trillion by 2030. This goal encompasses both goods and services, reflecting a marked increase from the current USD 778 billion in 2023-24.
" |
26-06-2024 |
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| 278 |
"India has supported a crucial proposal made by the African Group at the WTO for recalibration of multilateral rules, such as those on subsidies and investments, to allow developing countries to have the policy space to pursue green industrialisation.
" |
26-06-2024 |
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| 279 |
"New bagging technique boosts mango production in Prayagraj; fruits now meet international standards, sold in UAE and Oman, increasing farmers' earnings.
" |
26-06-2024 |
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| 280 |
"The talks between India and Korea on the review of the Comprehensive Economic Partnership Agreement (CEPA) have made significant headway, with both sides exchanging the list of ‘requests’ where they want further opening up of trade.
From the Korean side the demand has come in regard to sectors like automobiles, textiles, chemicals and petrochemicals while India is seeking greater access to the Korean markets for steel, rice, shrimp and clothing.
" |
26-06-2024 |
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| 281 |
"India, UAE discuss collaboration on trans-regional trade routes.
" |
26-06-2024 |
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| 282 |
"The Directorate General of Trade Remedies (DGTR) has recommended the extension of countervailing duties on welded stainless steel pipes and tubes from China and Vietnam to protect domestic players, citing the risk of harm to the local industry if the duty is lifted, proposing a duty of up to 29.88%.
" |
26-06-2024 |
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| 283 |
"Indian buyers purchased a record 500,000 metric tons of sunflower oil in June due to competitive pricing against soyoil and palm oil from leading suppliers Russia and Ukraine. The war has lead to reduced inventories in the Black Sea region. The lower prices for sunflower oil were attributed to aggressive competition from Russia, Ukraine, and Argentina, with sunflower oil trading at a discount to soyoil and palm oil, prompting Indian buyers to pivot towards sunflower oil amidst robust demand in southern states.
" |
26-06-2024 |
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| 284 |
"Australian Deputy High Commissioner Nicholas McCaffrey on Tuesday said his country is currently engaged in discussions with the Indian government to establish a comprehensive free trade agreement between the two nations. Speaking at an interactive session organised by the Confederation of Indian Industry, McCaffrey highlighted that while there is an existing Economic Cooperation and Trade Agreement (ECTA) with India, signed in 2022, Australia aims to upgrade this pact to enhance its scope and impact.
" |
24-06-2024 |
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| 285 |
"The Indian government has approved the export of 2,000 tonnes of non-basmati white rice to Malawi and Zimbabwe through the National Cooperative Exports Limited, despite a ban on such exports since July 2023 to boost domestic supply. The move aims to meet the food security needs of the two African nations.
" |
24-06-2024 |
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| 286 |
"The Directorate General of Foreign Trade (DGFT) has introduced a new automated system to establish adhoc input-output norms, aimed at facilitating foreign trade procedures. This initiative allows exporters to import duty-free raw materials for manufacturing goods meant for export under advance authorisation. Exporters can now apply for customized adhoc norms through a rule-based, automated process if standard norms do not meet their specific requirements.
" |
24-06-2024 |
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| 287 |
"India's oil imports from Russia hit a record high of 2.1 million bpd in May as discounts widened due to lower demand from China. Some European nations avoided Russian oil after the Ukraine invasion, making Russian oil cheaper than similar grades from the Middle East.
" |
24-06-2024 |
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| 288 |
"India's e-commerce exports are set to receive a boost with the establishment of designated e-commerce hubs by DGFT and the Department of Revenue to streamline the export process.
" |
24-06-2024 |
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| 289 |
"India and Korea are progressing with talks to upgrade their existing free trade agreement (FTA), known as the Comprehensive Economic Partnership Agreement (CEPA). The Department of Commerce is collaborating with various ministries such as heavy industries, steel, and chemicals to prepare the offer list for the negotiations
" |
24-06-2024 |
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| 290 |
"Kolkata port-Shanghai direct cargo service begins.
" |
11-06-2024 |
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| 291 |
"Much of international diplomacy involves walking on eggshells. Major differences, especially on trade and commerce, are often allowed to hibernate while countries focus on the big picture of bilateral ties. Bold leaps of statecraft are sometimes needed to help industry on both sides to settle such trade frictions. Quite remarkably, India and the U.S. have managed to do exactly that in just under a year, burying differences in the seven-long outstanding trade disputes at the World Trade Organization (WTO).
" |
11-06-2024 |
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| 292 |
"The US and 13 nations in Asia signed agreements on the Indo-Pacific Economic Framework, part of Biden's strategy to counter China's influence. The pact includes major economies like Japan, India, and South Korea, focusing on renewable energy, climate change, taxation, corruption, and supply-chain management.
" |
11-06-2024 |
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| 293 |
"Indian traders have been engaging in border trade with China through the Lipulekh pass in Pithoragarh district since 1992. They are now urging the central government to address the closure of the trade route due to the Covid-19 pandemic in 2019. The traders are concerned about their stored goods in Tibet and seek the resumption of trade.
" |
11-06-2024 |
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| 294 |
"The BRICS ministers of Foreign Affairs met in Russia's Nizhny Novgorod on Monday and held a plethora of discussions, including an important one on the enhanced use of local currencies in trade and financial transactions between the BRICS countries.
" |
11-06-2024 |
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| 295 |
"The Food Safety and Standards Authority of India (FSSAI) has ordered beverage companies to remove claims of “100 per cent fruit juice” from labels as well as advertisements of reconstituted fruit juice products from immediate effect.
" |
05-06-2024 |
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| 296 |
"India's May palm oil imports reach 4-month high on price drop-dealers.
" |
05-06-2024 |
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| 297 |
"Treasury opens gates for duty-free imports of rice in Kenya
" |
05-06-2024 |
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| 298 |
"The Food Safety and Standards Authority of India (FSSAI), recently introduced its new logo for organic foods. This move by FSSAI will help consumers to correctly identify authentic food. This new logo has been designed to specify the standards of organic and non-organic foods. Now, organic food products cannot be sold without this new logo.
" |
03-06-2024 |
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| 299 |
"Netherlands emerges as India's 3rd largest export destination in 2023-24
" |
03-06-2024 |
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| 300 |
"The FSSAI has started works for integration of all food related regulations in India aiming at strengthening of 'ease of doing business'.
The process was started with packaged drinking water.
" |
03-06-2024 |
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| 301 |
"The DGFT has sought information from various export bodies on the trade finance eco system in India and related challenges to assess if the government’s interest equalisation scheme for exporters is yielding results and how trade finance can be improved.
" |
03-06-2024 |
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| 302 |
" The trade pacts with Australia and the UAE seem to be working in India’s favour as the trade deficit with both countries in FY24 declined vis-à-vis previous year. With Australia, the trade deficit fell to $8 billion from $12 billion in the previous year. With the UAE, India’s trade deficit fell to $12.4 billion from $21 billion in last year.
" |
03-06-2024 |
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| 303 |
"Food safety watchdog FSSAI is planning to set new quality standards for ice-cream and flavoured milk besides tightening the existing safety norms for milk and other dairy products.
The proposal comes after ban on import of Chinese milk and milk products last month due to presence of melamine for one year till June, 2016, following a recommendation from FSSAI." |
31-05-2024 |
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| 304 |
"India is set to resume wheat imports after a six-year hiatus to replenish dwindling reserves and stabilize soaring prices caused by poor harvests. The government is expected to scrap the 40% import tax post-election, allowing private traders to source from top exporter Russia.
" |
31-05-2024 |
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| 305 |
"India’s exports of 266 million dollars in 2023-24 to the remote Honduras in Central America are more than the exports of 185 m to nearby Cambodia and 237 m to Kazakhstan. " |
31-05-2024 |
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| 306 |
"The commerce ministry recently conducted a 'Chintan Shivir' in Rajasthan's Neemrana to discuss issues related to Free Trade Agreements (FTAs)" |
31-05-2024 |
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| 307 |
Exports of Ashwagandha (Indian Ginseng) have risen by eight times in the last six years with the herb reaching overseas markets like the United States, Czech Republic and Canada.
Rajasthan and Madhya Pradesh have emerged leading producers |
16-04-2024 |
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| 308 |
Heightened tensions between Iran and Israel are expected to increase freight charges and insurance premiums for shipping vessels on global routes.
Ships bound for western European countries and the US are particularly at risk.
Freight rates have already risen by about $100 per container for ships going through the Red Sea due to disruptions and capacity constraints. |
24-04-2024 |
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| 309 |
Spices Board of India is looking into the ban imposed by Hong Kong and Singapore on the sale of four spices-mix products of Indian brands MDH and Everest, which allegedly contain pesticide 'ethylene oxide' beyond permissible limits. |
24-04-2024 |
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| 310 |
Centre is preparing a five-year action plan to grab 10% of the $405 billion exports market of 20 farm produce |
24-04-2024 |
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| 311 |
India sees no major impact of Iran-Israel conflict on its exports, official says |
24-04-2024 |
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| 312 |
Noting a year-on-year growth in exports of Indian alcoholic beverages, the Union Commerce Ministry has said that high-end Indian alcohol brands are witnessing good sales as well as winning awards globally despite facing issues of definition and nomenclature. |
24-04-2024 |
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| 313 |
U.S. Department of Agriculture (USDA) Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor and representatives from the poultry, feed and grain industries are in New Delhi, India, to launch a USDA-sponsored agribusiness trade mission. |
24-04-2024 |
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| 314 |
Kazakhstan, Turkmenistan, and Afghanistan aim to bolster transit infrastructure, connecting with India via Iran's Chabahar Port. |
30-04-2024 |
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| 315 |
FIEO warns of geopolitical tension impact on 2024-25 exports due to global demand. Outbound shipments fell by 3.11% in 2023-24, imports over 8% to USD 677.24 billion. Key factors include freight rates, inflation, and interest rates. |
30-04-2024 |
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| 316 |
The government of India has permitted the export of 99,150 metric tons of onions to six neighboring countries, including Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision follows the imposition of restrictions on onion exports to maintain sufficient domestic supply, given projections of reduced Kharif and Rabi crops for 2023-24 and heightened international demand. |
30-04-2024 |
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| 317 |
Delegates from Bhutan, Bangladesh, and Nepal Explore Millet Innovations at ICAR-NAARM's a-IDEA |
30-04-2024 |
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| 318 |
India's imports of electronics, telecom, and electrical products surged to USD 89.8 billion in 2023-24, with over half of these imports coming from China and Hong Kong, according to the Global Trade Research Initiative (GTRI). |
02-05-2024 |
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| 319 |
India aims to boost exports through e-commerce hubs. Collaboration with ministries and industry experts to enhance export opportunities. E-commerce expected to drive India's merchandise exports to USD 1 trillion by 2030. |
02-05-2024 |
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| 320 |
India and Nigeria have agreed to conclude a local currency settlement system agreement to strengthen economic ties.
The agreement, signed during a joint session of the India-Nigeria Joint Trade Committee, aims to promote the use of the Indian Rupee and Nigerian Naira for cross-border transactions.
The agreement will enhance bilateral trade and mutually beneficial investments in sectors such as crude oil, natural gas, pharmaceuticals, power, renewable energy, agriculture, education, transport, ra .. |
02-05-2024 |
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| 321 |
India Maldives hold talks to enhance trade cooperation |
02-05-2024 |
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| 322 |
The government is developing a verification system for exporters under the RODTEP scheme to ensure compliance with countervailing duties. This system will involve a joint mechanism with DGFT, DGTR, and DoR officials to check subsidy allegations on Indian products. |
14-05-2024 |
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| 323 |
According to data from the Global Trade Research Initiative (GTRI), India's imports from countries with which it has free trade agreements (FTAs), such as the UAE, South Korea, and Australia, increased by about 38% during the fiscal years 2019-24, reaching USD 187.92 billion.
In contrast, exports to FTA partners rose by 14.48% to USD 122.72 billion in the fiscal year 2023-24 from USD 107.20 billion in 2018-19. |
14-05-2024 |
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| 324 |
India-EU FTA 'most difficult, complex' due to non-trade issues: EAM Jaishankar |
14-05-2024 |
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| 325 |
The next round of talks for a free trade agreement (FTA) with the 10-nation bloc of Southeast Asian nations—Asean—is scheduled to be held in July to review the existing deal with India |
14-05-2024 |
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| 326 |
India will remain a leading player in the world rice market despite restrictions, according to a recent projection by the United States Department of Agriculture (USDA).
It accounts for almost 18 million tonnes of rice exports in 2024-25, which is around two million tonnes more than the previous year. |
14-05-2024 |
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| 327 |
Exports of soyabean meal has picked up on higher demand from countries such as Bangladesh and Iran among others. Shipments were up by around 8.8 per cent during the October-April period of oil year 2023-24 at around 15.23 lakh tonnes over same period last year’s 14 lakh tonnes, as per the latest estimates by the Soyabean Processors Association of India (SOPA). |
14-05-2024 |
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| 328 |
Avocados Australia Limited, the representative body for the Australian avocado industry, announced its much-anticipated entry into the Indian market, accompanied by cricket icon Brett Lee as the brand ambassador.
This exciting collaboration marks a significant milestone for both Australian avocados and the Indian fresh fruit market. |
14-05-2024 |
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| 329 |
Exports of marine products contracted by 8.74 per cent to USD 7.37 billion during 2023-24 due to demand slowdown in key markets of the US and Europe, according to the commerce ministry data. |
28-05-2024 |
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| 330 |
Russia's ongoing conflict with Ukraine and the resulting international sanctions have significantly impacted India's export landscape. Over the past financial year, India saw a substantial increase in the export of engineering goods, machinery, machine parts, and aircraft spares to Russia, while traditional exports such as pharmaceuticals, tea, coffee, and tobacco either stagnated or declined |
28-05-2024 |
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| 331 |
India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24 |
28-05-2024 |
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| 332 |
A group of WTO member countries, including Brazil, Canada and the European Union, have urged India to submit timely notifications on sugar subsidies in the World Trade Organisation |
28-05-2024 |
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| 333 |
India's coffee exports increased by 12.22% to USD 1.28 billion in 2023-24 due to higher demand for Robusta coffee in global markets. The country, Asia's third-largest coffee producer, exports Arabica and Robusta varieties. Coffee shipments increased by 13.35% to 1,25,631 tonnes during January-March 2023-24 |
28-05-2024 |
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| 334 |
India’s concerns on the EU’s new Regulation on Deforestation-Free Products (EUDR), that would restrict exports of several items to the bloc from this year-end (December 30 2024), have been shared by a number of other WTO members who all asked for its postponement at a recent meeting in Geneva, sources said. |
28-05-2024 |
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| 335 |
The United Arab Emirates is looking to expand the scope of trade and services covered under the Comprehensive Economic Partnership Agreement (CEPA) with India to further accelerate bilateral trading volume, a senior UAE official said. India and the UAE signed the historic CEPA on February 18, 2022, to further boost bilateral trade and economic ties. |
31-05-2024 |
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| 336 |
India's silver imports in the first four months of 2024 have surpassed the total for all of 2023, driven by rising solar panel demand and investor interest. The country imported a record 4,172 metric tons, up from 455 tons a year ago. This surge supports global prices and outperforms gold. |
31-05-2024 |
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