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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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Growth in gold, crude oil imports sees three-fold rise in India's trade deficit

Growth in gold, crude oil imports sees three-fold rise in India's trade deficit

Mon, May 15, 2017

While gold imports in India rose three-fold during April, crude oil imports further grew by 30% putting more pressure on out trade deficit.

India's strong export growth continues with 20% rise in April

India's strong export growth continues with 20% rise in April

Mon, May 15, 2017

Exports from India grew to $24.63 billion in Apri 2017 growing by nearly 20% in comparison the same month last year.

GST will have a macro economic impact, says RBI

GST will have a macro economic impact, says RBI

Fri, May 12, 2017

It said the GST is expected to reduce administrative costs for collection of tax revenue and improve revenue efficiency while uniformity in tax rates and procedures will lead to economy in compliance cost.

Hyundai records marginal 3.6% growth in car sales in April

Hyundai records marginal 3.6% growth in car sales in April

Mon, May 01, 2017

The carmaker, however, said its exports during the month declined by 3.8 per cent to 11,610 units as compared to 12,069.

Here's how Ashok Leyland is one step ahead of competitors in the BS-IV race

Here's how Ashok Leyland is one step ahead of competitors in the BS-IV race

Sat, Apr 29, 2017

Ashok Leyland expects the these three segments to contribute 50% of its revenues, up from 30% currently

Saudi Arabia's crude exports to US to fall by 300,000 barrels per day in March: Official

Saudi Arabia's crude exports to US to fall by 300,000 barrels per day in March: Official

Fri, Mar 24, 2017

An Energy Ministry official from Saudi Arabia has said on Thursday that the country`s crude exports to the United States (US) in March will fall by around 300,000 barrels per day from February, in line with OPEC`s agreement to reduce supply.

India's current account deficit widens in October-December: RBI

India's current account deficit widens in October-December: RBI

Thu, Mar 23, 2017

India`s current account deficit widened to $7.9 billion, or 1.4 % of gross domestic product, in the October-December quarter from the same period a year earlier, the Reserve Bank of India (RBI) said in a statement on Thursday.

Engineering exports likely to reach over $60 billion this fiscal: Nirmala Sitharaman

Engineering exports likely to reach over $60 billion this fiscal: Nirmala Sitharaman

Thu, Mar 16, 2017

During Sitharaman's meeting with Russian Industry and Trade Minister Denis Manturov, both the sides deliberated upon ways to further boost the two-way commerce which stands at $6.62 billion currently.

India’s exports rise over 17%, first double digit growth in two years

India’s exports rise over 17%, first double digit growth in two years

Wed, Mar 15, 2017

Ministry of Commerce and Industry on Wednesday put out India’s foreign trade numbers wherein the country’s exports had grown in double digits for the first time since 2014, as analyst Firat Unlu from The Economist Intelligence Unit pointed out.

China's economy gets off to strong start in 2017 as investment rebounds

China's economy gets off to strong start in 2017 as investment rebounds

Tue, Mar 14, 2017

China issued a raft of upbeat data on Tuesday showing the economy got off to a strong start to 2017, supported by strong bank lending, a government infrastructure spree and a much-needed resurgence in private investment.

China's imports surge almost 40% year-on-year in February on higher commodity prices, strong domestic demand

China's imports surge almost 40% year-on-year in February on higher commodity prices, strong domestic demand

Wed, Mar 08, 2017

China's imports have surged almost 40% in February this year fuelled by higher commodity prices and strong domestic demand which bolstered hopes that the world`s number two economy is getting back on track.

Tata Steel's hot metal output at Kalinganagar plant crosses 2 million tonnes

Tata Steel's hot metal output at Kalinganagar plant crosses 2 million tonnes

Tue, Feb 21, 2017

Tata Steel's Kalinganagar plant at Odisha`s has crossed two million tonnes of hot metal production at its blast furnace on February 19 this year.

We have a wide trade deficit with China, says Shaktikanta Das

We have a wide trade deficit with China, says Shaktikanta Das

Mon, Feb 13, 2017

Shaktikanta Das said that they are working to increase their exports in China and to decrease the trade deficit.

India attracted $32.5 billion foreign direct investment during April-November

India attracted $32.5 billion foreign direct investment during April-November

Mon, Feb 06, 2017

India attracted $32.49 billion (nearly Rs 2,16,214.4 crore) foreign direct investment (FDI) in April-November of 2016-17, Parliament was informed on Monday.

H1-B visa proposed minimum wage hike negative for Indian IT industry: ICRA

H1-B visa proposed minimum wage hike negative for Indian IT industry: ICRA

Wed, Feb 01, 2017

With the US President Donald Trump is expected to sign a new executive order aimed at killing work-visa programmes including the H1-B and L1 visas as part of a larger immigration reform, the order if passed is projected to be negative in the medium to long term for the Indian IT Services sector,

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

Mon, Jan 30, 2017

Ficci in its latest survey has projected India's economy to grow 6.8% for the year 2016-17.

Trade deficit may be in range of $100-110 billion by March-end: Report

Trade deficit may be in range of $100-110 billion by March-end: Report

Thu, Jan 26, 2017

Care Ratings has projected India's trade deficit in the range of $100-110 billion by the end of March this year.

FMCG companies expect Budget 2017 to be growth oriented to boost demand

FMCG companies expect Budget 2017 to be growth oriented to boost demand

Thu, Jan 26, 2017

After taking a demonetisation hit, fast moving consumer goods (FMCG) companies are pinning hopes on a growth oriented Budget to see a revival in consumer confidence and create demand both in urban and rural markets.

Danone to double India business by 2020, lines up 10 new products

Danone to double India business by 2020, lines up 10 new products

Mon, Jan 16, 2017

French nutrition and dairy major Danone plans to double its business in India by 2020 for which it will bring in more global brands into the country and has lined up ten new launches for this year.

India's trade deficit narrows to $10.37 billion in December

India's trade deficit narrows to $10.37 billion in December

Fri, Jan 13, 2017

India`s trade deficit narrowed to $10.37 billion (nearly Rs 68,989.02 crore) in December from provisional $13 billion (nearly Rs 86,485.8 crore) a month ago, government data showed on Friday.

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