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The GST 2.0 rationalisation has reduced rates across textiles and logistics, easing structural anomalies, cutting costs, and boosting demand. The reforms will make garments more affordable, lower freight costs, strengthen SMEs, and enhance India’s export competitiveness, particularly in textile
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Trade talks on the India-US bilateral agreement continues, with the sixth negotiation round scheduled for August 24 in India
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India has expanded its ban on Bangladeshi imports via land ports to include more jute products, routing them only through Nhava Sheva seaport. The move, amid worsening ties, follows earlier restrictions on garments and processed foods, impacting $770 million in trade
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The government has pledged to safeguard farmers, exporters, entrepreneurs, and MSMEs as new US tariffs threaten over half of India’s merchandise exports. Calling the move “unfair,” New Delhi vowed to take all necessary steps to protect national interests
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For the first time, smartphones have become India’s top export in FY25, overtaking traditional leaders like petroleum products and diamonds. The shift signals a major transformation driven by domestic manufacturing push and global demand for India-assembled mobile device
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Focus on ‘rolling back regulation significantly’ by ‘getting out of the way’ is the second version of deregulation
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The country's trade performance demonstrated stability and moderate growth during the first quarter of the current financial year, according to a NITI Aayog Trade Watch report
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China's exports and imports both fell in September from a year earlier, though they contracted at a slower pace
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The Foreign Trade Policy 2023 has mandated to handhold and conduct outreach programmes to promote e-commerce exports
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The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice
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India's imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil
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India's exports contracted by 15.88 per cent to USD 32.25 billion in July this year due to global demand slowdown
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India's exports contracted by 22 per cent, the steepest decline in the last three years, to USD 32.97 billion in June
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India recently overtook China in population. Can it repeat the feat in exports?
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Commerce Minister Piyush Goyal unveiled the foreign trade policy in the presence of industry representatives and top officials of the ministry
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In a representation to the Finance Minister Niramala Sitharaman and Commerce Minister Piyush Goyal, FTCCI President Anil Agarwal said the blanket imposition of 20 percent duty irrespective of the variety, quality, standard, demand and price of rice would cripple non-basmati exports from India.
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New Delhi: The Centre has placed a cap on the export of sugar under the “restricted” category which will be effective from June 1. The latest move comes days after banning the export of wheat in order to control rising inflation and to ensure availability in the domestic market. India’s retail inflation has been above […]
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New Delhi: India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification. However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) […]
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Hyderabad: The cooking oil prices are likely to rise as Indonesia has decided to stop export of palm oil. Indonesia is the biggest producer of palm oil. The high inflation locally there forced the Government to stop exports to ensure there are adequate stocks for domestic consumption. “Indonesia made a statement stopping exports from April […]
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Hyderabad: The Union government set a target of $400 billion exports for 2021-22 and nearly 50 per cent of it has been achieved by September end, said Dr Srikar K Reddy, Commerce Joint Secretary. The government is taking measures to increase exports to 1$ trillion by 2027-28 and is working to provide more market access […]