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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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China posts worst export fall since 2009 as fears of US trade war loom

China posts worst export fall since 2009 as fears of US trade war loom

Fri, Jan 13, 2017

China`s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States (US) that is clouding the outlook for 2017.

GJEPC expects FM Arun Jaitley to reduce import duty on gold to 5% in Budget 2017

GJEPC expects FM Arun Jaitley to reduce import duty on gold to 5% in Budget 2017

Thu, Jan 12, 2017

To curb grey market and boost the organised players, the Gem and Jewellery Export Promotion Council (GJEPC) is expecting Finance Minister Arun Jaitley to reduce the import duty on gold to around 5%in the upcoming Union Budget.

India to suffer damage due to US-China trade war: Assocham

India to suffer damage due to US-China trade war: Assocham

Sun, Jan 08, 2017

India may suffer collateral damage to its economy if it finds itself in the crossfire in the escalating trade war triggered by US President-elect Donald Trump with Mexico and China, industry chamber Assocham said on Sunday.

OPEC oil output falls from record high ahead of planned cuts: Reuters survey

OPEC oil output falls from record high ahead of planned cuts: Reuters survey

Thu, Jan 05, 2017

OPEC`s oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria`s oil industry and top exporter Saudi Arabia trimming exports.

After Mexico plant, will Ford cancel plans to export India-made EcoSport to the US?

After Mexico plant, will Ford cancel plans to export India-made EcoSport to the US?

Thu, Jan 05, 2017

Ford recently cancelled its plans to invest in building a new manufacturing plant in Mexico after criticism from Donald Trump.

Nasscom meets GST Council on concerns over implementation

Nasscom meets GST Council on concerns over implementation

Tue, Jan 03, 2017

Cautioning that current form of GST implementation could pose serious challenges for IT sector, industry body Nasscom on Tuesday met the GST Council to express concern on tax treatment of software and make a case for 'single registration' under the new regime.

Tata Motors sales grew 2%, commercial vehicles drop 9% in December

Tata Motors sales grew 2%, commercial vehicles drop 9% in December

Mon, Jan 02, 2017

Indian automotive manufacturing company, Tata Motors on Monday posted sales growth of 2% in December. The company said that it sold 40,944 units of commercial and passenger vehicles in December as compared to 39,973 the previous year.

Royal Enfield sales rise 42% to 57,398 units in December

Royal Enfield sales rise 42% to 57,398 units in December

Sun, Jan 01, 2017

Royal Enfield, the two-wheeler division of Eicher Motors, on Sunday reported a 42% jump in total sales at 57,398 units in December 2016. The two-wheeler manufacturer had sold 40,453 units in December 2015, Eicher Motors said in a BSE filing.

South Korea December exports rise on semiconductors, machinery amid nascent recovery

South Korea December exports rise on semiconductors, machinery amid nascent recovery

Sun, Jan 01, 2017

South Korean exports in December rose for a second straight month, data showed on Sunday, adding to hopes for a firm turnaround in shipments that have fallen for most of the past two years.

Indian economy on track, government proves how

Indian economy on track, government proves how

Fri, Dec 30, 2016

WPI inflation declined to (-) 2.5% in 2015-16 from 2% in 2014-15.

Gems, jewellery exports up 10% in April to November period of FY17

Gems, jewellery exports up 10% in April to November period of FY17

Wed, Dec 21, 2016

Exports of gems and jewellery grew by about 10% to $23.5 billion (nearly Rs 1,56,339.63 crore) during April-November period of the current fiscal, driven largely by rising demand in India's major export markets like the US and Europe.

Trade deficit in November rises to Rs 88,000 crore

Trade deficit in November rises to Rs 88,000 crore

Thu, Dec 15, 2016

Oil imports during November, 2016 were valued at $6837.76 million which was 5.89% higher than oil imports valued at $6457.37 million in November 2015.

China faces battle over market economy status

China faces battle over market economy status

Sun, Dec 11, 2016

China`s battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing`s deal to join the World Trade Organisation (WTO) expires on Sunday.

China November data to show steady growth, but yuan, capital controls a worry: Reuters poll

China November data to show steady growth, but yuan, capital controls a worry: Reuters poll

Tue, Dec 06, 2016

A flood of data from China in coming weeks is expected to show the economy continued to grow at a steady pace in November, with inflation quickening and credit expanding at a faster pace despite concerns about rising debt, a Reuters poll showed.

Consumers, exports give US economy muscle in the third-quarter

Consumers, exports give US economy muscle in the third-quarter

Wed, Nov 30, 2016

The US economy grew faster than initially estimated in the third quarter (Q3), notching its best performance in two years, buoyed by strong consumer spending and a surge in soybean exports.

India tanks 5 spots on Global Connectedness Index

India tanks 5 spots on Global Connectedness Index

Tue, Nov 29, 2016

India has tanked 5 spots to reach 78th position out of 140 countries in Global Connectedness Index for the year 2015. The country ranked at 73rd position in the year 2013.

China alone accounts for 44% of India's trade deficit

China alone accounts for 44% of India's trade deficit

Mon, Nov 28, 2016

Indian exporters are encouraged to participate in major trade fairs in China and other countries to show-case Indian products.

Cash crunch puts brake on India's cotton exports; rivals to gain

Cash crunch puts brake on India's cotton exports; rivals to gain

Mon, Nov 21, 2016

Exports of 1 million bales of cotton from top producer India have been delayed after a government move to ban high-value currency notes prompted farmers, who prefer cash payments, to postpone sales, industry officials told Reuters.

After Suzuki, now Ford to make cars in India and sell in its home market

After Suzuki, now Ford to make cars in India and sell in its home market

Mon, Nov 21, 2016

It is not only Ford and Maruti Suzuki, but several automakers in India have taken to making India as an export hub for their cars.

Exports rises by nearly 10%; trade deficit widens in October

Exports rises by nearly 10%; trade deficit widens in October

Tue, Nov 15, 2016

On cumulative basis, the value of exports for the period April-October 2016-17 was $154913.20 million.

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