Page 15 - Commerce Ministry

Govt put out update FDI policy, ambiguity on Chinese firms continues

The new edition includes the April 2020 circular that said foreign investment from countries sharing a land border with India requires prior approval of the Indian government

Commerce Ministry releases next edition of consolidated FDI policy document

The Commerce and Industry Ministry on Wednesday released the next edition of its consolidated foreign direct investment (FDI) policy document, incorporating all the changes made over the past year. According to the Department for Promotion of Industry and Internal Trade (DPIIT), the new circular has come into effect from October 15. The consolidated policy is a compilation of various decisions taken by the government with regard to FDI in different sectors. DPIIT, which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand. Investors would otherwise have to go through various press notes issued by the department, and the RBI regulations to understand the policy. The whole exercise is aimed at providing an investor-friendly climate to foreign players and, in turn, attract more FDI to boost economic growth and create jobs. The government has liberalised FDI policy in .

Working with states to make licences for biz easier, says Piyush Goyal

Goyal said the world has now realised that it needs trusted partners and a fair and transparent trading system, equal and equitable market access

Comm Min recommends import duty hike on Korean synthetic rubber for 2 yrs

Commerce ministry has recommended an increase in import duty on a Korean synthetic rubber for two years in order to guard domestic industry from significant jump in inbound shipments of the product

Govt suggests continuation of anti-dumping duty on Chinese Synthetic Rubber

The commerce ministry has recommended for continuation of anti-dumping duty on a Chinese synthetic rubber for five more years with a view to guard domestic players from cheap imports

Direct selling should be governed by commerce ministry: CAIT to Goyal

Traders' body CAIT said direct selling business, which is currently governed by the consumer affairs ministry, should be brought under the domain of the commerce and industry ministry

No change in export policy of iron ore pellets; opinion under review: Govt

According to the clarification, India exported 1,48,76,270 tonnes of these pellets during 2004-2014

India has capability to be global player in many sectors: Piyush Goyal

Commerce and Industry Minister Piyush Goyal said on Saturday that India has the capability to become a global player in many sectors and needs to scale up its manufacturing activities

India's imports from China fall by 27.63% during Apr-Aug this fiscal: Goyal

Value of imports from China stood at $4.98 billion in August and $5.58 in July, according to the data provided by Commerce and Industry Minister Piyush Goyal

Govt working on setting up single window system for clearances: Goyal

The government is working on setting up a single window system for clearances and approvals of industry, Parliament was informed on Wednesday

Centre working with states for 'One District One Product' plan: Goyal

Goyal said his government is confident of adding manufacturing output worth at least Rs 20 trillion in next five years

FIEO concerned over freezing of exporters' bank accounts, seeks govt's help

In a letter, FIEO President Sharad Kumar Saraf said freezing of bank accounts without any investigation is against the principles of natural justice and is causing irreparable damage to exporters

Impose anti-dumping duty on chemical from China, Malaysia, Vietnam: DGTR

DGTR has recommended imposition of anti-dumping duty for five years on 'choline chloride', a chemical imported from China, Malaysia and Vietnam, to guard domestic players from cheap inbound shipments.

India waits for US response on mini trade deal of the kind signed with EU

New Delhi continues to push an early-harvest deal, to be followed up with detailed negotiations on a comprehensive Free Trade Agreement

Commerce Min reviews extension of anti-dumping duty on Chinese products

Bharat Forge Ltd lodged a complaint with ministry's investigation arm Directorate General of Trade Remedies for review of the duties on imports of front axle beam and steering knuckles from China

July WPI at -0.58%, in negative zone for fourth month on the trot

The steep fall in deflation from June to July slightly reduced the gap between WPI and Consumer Price Index-based inflation

WPI inflation falls 0.58% in July, food prices spike: Govt data

Inflation in food articles during July stood at 4.08 per cent, as against 2.04 per cent in June

China extends anti-dumping tariff on Indian fibre optic product for 5 years

China previously slapped an anti-dumping tariff on the same Indian product for five years until mid-August of 2019 and then had a review of the case

Gadkari to write Commerce Ministry, PM regarding export of PPE kits, masks

Nitin Gadkari said that he will write to Commerce Ministry and Prime Minister Narendra Modi regarding the export of PPE kits, facial masks and sanitisers

Accreditation scheme launched for prospecting, mining plan consultancies

An accreditation scheme has been launched for prospecting and mining plan preparation agencies, the Commerce and Industry Ministry said on Tuesday.