Exports rise 23.52% to $40.13 billion in June; trade deficit at record $26.18 billion
India's merchandise exports in June grew by 23.52 per cent to USD 40.13 billion.
Jul 14, 2022, 19:34 PM IST
Big boost for steel industry! Govt hikes export duty on iron ore, waives import tax on some raw materials
The import duty on ferronickel, coking coal, PCI coal has been cut from 2.5 per cent, in a move that will bring cheer to the steel industry.
May 22, 2022, 09:15 AM IST
India looking at tapping new markets for edible oil: FM Nirmala Sitharaman
India valves out to the new markets for import of edible oils, as conflict rises between Ukraine and Russia, Union Finance Minister Nirmala Sitharaman said here on Tuesday.
May 11, 2022, 12:10 PM IST
India exports rise to record high of $418 billion in FY22
Outbound shipments touched an all-time high of USD 40 billion in a month in March 2022, Commerce and Industry Minister Piyush Goyal told reporters here.
Apr 03, 2022, 17:16 PM IST
India can add $20B to GDP if import dependence on China is halved: Report
In FY21, out of the USD 65 billion of imports from China, around USD 39.5 billion were commodities and goods where PLI scheme has been announced.
Feb 15, 2022, 22:53 PM IST
Exports rise by 23.69 pc to USD 34 bn in Jan; trade deficit widens to USD 17.94 bn
Trade deficit widened to USD 17.94 billion during the month as against USD 14.49 billion in the same month last year.
Feb 01, 2022, 20:55 PM IST
India’s exports up 49.85% in July to record high of $35.43 billion
Imports during the month also rose by about 63 per cent to USD 46.40 billion, as per the data released by the commerce ministry.
Aug 13, 2021, 19:02 PM IST
US President Donald Trump threatens tax on EU cars
US President Donald Trump escalated threats of a trade war, saying he would slap a new tax on European cars if the EU retaliated against his proposed steel and aluminium tariffs, the media reported.
Mar 04, 2018, 10:11 AM IST
Exports jumps 27.6% in March; trade deficit swells to $10.4 billion
India's exports grew by 27.6 per cent to USD 29.23 billion in March on account of robust performance by sectors like petroleum, textiles, engineering goods and gems and jewellery.
Apr 13, 2017, 19:20 PM IST
Coal imports likely to decline in December on notes ban, firm prices
Coal imports are likley to decline this month as well due to note ban and soaring oil prices in international market. The imports have already dropped by 16 per cent to 14 million tonnes (MT) in November.
Dec 18, 2016, 11:43 AM IST
Exports up 9.59% at $23.5 bn in October; trade deficit at $10 bn
Exports continued to grow for the second month in a row, expanding by 9.59 percent to USD 23.51 billion in October on healthy growth in shipments of jewellery and engineering products.
Nov 15, 2016, 19:29 PM IST
Gold import dips 55% to $7.88 billion in H1 of 2016-17
Gold imports dipped by about 55 percent to USD 7.88 billion during the first half of 2016-17, which is expected to keep a lid on the current account deficit.
Nov 04, 2016, 21:23 PM IST
STEELIMPORTS:Govt may not extend MIP on steel products beyond Oct 4
New Delhi:Government is unlikely to further extend the minimum import price (MIP) on certain steel products beyond October 4 as these items could be covered under anti-dumping duty, an official today said.
Sep 05, 2016, 17:04 PM IST
Power Series Conclave on 'Make in India' organised by The Dollar Business on Aug 24
Keeping the ‘Make in India’ initiative in the backdrop, The Dollar Business has organised the Power Series Conclave 2016-17 on “Make in India and Make for the World” on August 24.
Aug 26, 2016, 18:00 PM IST
Customs clearances to get paperless from 2017
Imports will become easier from the next year as the CBEC is planning to go paperless and move towards a completely integrated Customs system for facilitating documentation and fast-tracking clearances of consignments.
Jul 17, 2016, 12:17 PM IST
Government eases norm for availing export benefits under MEIS
Exporters have been relieved from submitting the landing certificate of goods to avail benefits under the Merchandise Exports India Scheme (MEIS), a move aimed at facilitating ease of doing business.
May 05, 2016, 16:04 PM IST
17 out of 30 sectors in negative zone in March in terms of exports
Exports of over half of the 30 sectors closely monitored by the Commerce Ministry were in the negative zone in March due to a fall in global commodity prices amid tepid demand.
May 01, 2016, 17:50 PM IST
India's exports unlikely to improve in a hurry, says DBS
India's exports shrank 16 percent in 2015-16, and going ahead, it is unlikely to improve in a hurry due to its close correlation with global imports, a DBS report says.
Apr 19, 2016, 16:39 PM IST
Govt to take steps to expedite clearances for exports, imports
Concerned over procedural delays in exports and imports, the government has decided to initiate a joint exercise by officials from the ministries of finance and shipping for expediting the clearance process.
Mar 22, 2016, 19:10 PM IST
65 lakh tonnes pulses need to be imported this year: Paswan
India needs to import 65 lakh tonnes of pulses this year to meet the domestic shortfall, Food Minister Ram Vilas Paswan said today and assured that the government will not allow prices to rise in any circumstances.
Mar 15, 2016, 23:15 PM IST
