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Modi government will make India leader in seafood exports: Minister of State for Commerce and Industry Som Parkash

Modi government will make India leader in seafood exports: Minister of State for Commerce and Industry Som Parkash

Sun, Feb 09, 2020

The Central government will help the seafood sector in all possible ways to make India the number one exporter, Union Minister of State for Commerce and Industry, Som Parkash, said on Saturday.

BIG BOOST for defence exports! Modi government takes this important decision - Know why it's a shot in Indian economy's arm

BIG BOOST for defence exports! Modi government takes this important decision - Know why it's a shot in Indian economy's arm

Fri, Oct 25, 2019

In a major decision, Modi government has approved the issuance of two open general export licences (OGELs) for export of certain parts and components as well as intra-company transfer of technology to select countries.

Knitwear exports from Tirupur to clock Rs 30,000 crore in FY20

Knitwear exports from Tirupur to clock Rs 30,000 crore in FY20

Thu, May 09, 2019

Exports of knitwear products from Tirupur is likely to cross Rs 30,000 crore during this fiscal from Rs 26,300 crore registered in 2018-19.

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US raises tariffs on Chinese import for goods worth $200 Bn

US raises tariffs on Chinese import for goods worth $200 Bn

Wed, May 08, 2019

US raises tariffs on Chinese import for goods worth $200 Bn. Watch this video for complete details.

Govt hikes duty incentives for exports of 28 milk products

Govt hikes duty incentives for exports of 28 milk products

Sat, Sep 29, 2018

The government has again hiked duty benefits for exports of as many as 28 milk related products such as cheese and yoghurt under a scheme to boost their overseas shipments.

Why India's basket of exports to the US could look different

Why India's basket of exports to the US could look different

Mon, Jul 30, 2018

As US intensifies its trade war and the rupee value against dollar slips, Indo-US trade experts say India's basket of exports to the US could look different even as it diversifies its import base of many products. Experts believe US tariff restrictions may not dent overall export growth in a major way but could see a shift in export dynamics.

India's exports up 17.57 pct at $27.7 bn in June; trade deficit widens to 43-month high

India's exports up 17.57 pct at $27.7 bn in June; trade deficit widens to 43-month high

Fri, Jul 13, 2018

The trade deficit in June 2018 is the highest since November 2014 when the gap was USD 16.86 billion. The deficit in June 2017 stood at USD 12.96 billion. During April-June this fiscal, exports rose by 14.21 per cent to USD 82.47 billion.

How Narendra Modi govt will power up exports; check 12 'Champion Services' of change

How Narendra Modi govt will power up exports; check 12 'Champion Services' of change

Thu, Mar 22, 2018

Commerce and industry minister Suresh Prabhu said that the government has already approved a Rs 5,000 crore to promote 12 champion services sectors such as IT, tourism and hospitality. The decision, he said, will drive growth of the services economy in India. We have prepared an action plan for each of these sectors to promote them domestically as well as globally, the minister said.

Exports up 9% in Jan; trade deficit widens to over 3-year high

Exports up 9% in Jan; trade deficit widens to over 3-year high

Thu, Feb 15, 2018

India's exports grew by 9 per cent to USD 24.38 billion in January, helped by a healthy growth in shipments of chemicals, engineering goods and petroleum products, even as the trade deficit widened to an over three-year high.

Mauritius largest source of FDI in India, says RBI

Mauritius largest source of FDI in India, says RBI

Fri, Jan 19, 2018

Singapore and Japan were the next two sources of foreign direct investment (FDI), said the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, released by RBI.

India's trade deficit widens to over three-year high in December

India's trade deficit widens to over three-year high in December

Mon, Jan 15, 2018

The trade deficit widened to $14.88 billion last month from $13.83 billion in November

Centre, states, industry to discuss export situation on Jan 8

Centre, states, industry to discuss export situation on Jan 8

Mon, Jan 01, 2018

In its previous meeting in January last year, issues deliberated upon included improving export competitiveness and creating an environment conducive for promoting exports. They had also discussed about quality and standards of products.

After a blip, exports jump 30.55% to over $26 billion in November

After a blip, exports jump 30.55% to over $26 billion in November

Sat, Dec 16, 2017

After a brief pause, exports rose 30.55 per cent to USD 26.19 billion in November on account of improved global demand, government incentives and simplification of GST refund process.

UK keeps top financial sector global ranking, Brexit seen as risk

UK keeps top financial sector global ranking, Brexit seen as risk

Fri, Dec 15, 2017

Britain is sending a trade delegation to China this weekend that will include financial services firms such as the London Stock Exchange to drum up business to help plug any gap in business lost due to Brexit.

Mid-term review of Foreign Trade Policy announced; key highlights

Mid-term review of Foreign Trade Policy announced; key highlights

Tue, Dec 05, 2017

It was to be announced together with the implementation of the GST regime, but was postponed to take into account feedback from the export sector regarding the GST-related issues.

Govt says tech glitches led to piling up of export refunds, assures steps

Govt says tech glitches led to piling up of export refunds, assures steps

Thu, Nov 30, 2017

The government said that technical glitches have led to export refunds piling up and assured exporters that steps are being taken to fix the problem, EEPC said in a statement today.

Exports body hails govt decision for exemption of bank guarantee

Exports body hails govt decision for exemption of bank guarantee

Sat, Sep 30, 2017

FIEO in a statement said micro and small exporters will be immensely benefited from this decision as they were struggling to get bank guarantee

Bajaj Auto Q1 results are one off; exports, three-wheelers to revive growth soon

Bajaj Auto Q1 results are one off; exports, three-wheelers to revive growth soon

Mon, Jul 24, 2017

While domestic sales are expected to bounce back in the following quarters this year, the three-wheeler sales and exports are expected to push Bajaj Auto's growth.

India stares at losing Rs 1700 crore worth of EU basmati exports to Pakistan

India stares at losing Rs 1700 crore worth of EU basmati exports to Pakistan

Wed, Jul 05, 2017

Ahead of the visit of an Indian delegation to the EU to resolve the basmati rice issue, grain exporters body AIREA today said tough norms by the European Commission will hit the exports badly as the trade worth over Rs 1,700 crore could shift to Pakistan.

India GDP growth to remain flat at 7.1% in FY18: HSBC

India GDP growth to remain flat at 7.1% in FY18: HSBC

Sun, Jun 04, 2017

India's economic growth is expected to remain flat at 7.1 % in current fiscal as investment is still weak and government spending might not be as high given the fiscal consolidation, says an HSBC report.

Cow slaughter ban: India may import American hides to meet leather demand

Cow slaughter ban: India may import American hides to meet leather demand

Sun, Jun 04, 2017

The ban on sale of cattle for slaughter, which has cast a shadow on the leather industry and created concern among importers, could pave the way for American cattle hide to India in the long run, Calcutta Leather Complex Tanners Association president Ramesh Juneja said.

Canada lentil exporter AGT says expects India trade snag solution

Canada lentil exporter AGT says expects India trade snag solution

Thu, May 18, 2017

AGT has shipped minimal volumes to those markets, but expects sales to gradually increase shipments leading into Canada`s harvest period starting in August, Al-Katib said.

India's service exports rises 3.4% in FY17: RBI

India's service exports rises 3.4% in FY17: RBI

Mon, May 15, 2017

Service exports of India grew to $160.68 billion last fiscal and maintained India's position as one of the major economies contributing to world services export industry.

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