Page 8 - India Imports

Top headlines: Govt bans local lockdowns, HDFC Bank m-cap hits Rs 8-trn

HDFC Bank became the first bank in the Indian history to cross the Rs 8-trillion, Union Cabinet nod to LVB merger with DBS, and more top headlines of the day

Banks can consider extending time limit for settling import dues: Expert

Weekly advice on managing small businesses. This time SME chatroom talks about a RBI directive on import of goods and services.

India's exports dip 5.12% in Oct; trade deficit narrows to $8.71 billion

Imports also fell 11.53 per cent to $33.6 billion (year-on-year) in October 2020

Uneven recovery? Trade deficit widens in October, exports dip 5.4%

Decline in imports indicates weak demand; recovery may be uneven

Global energy majors line up plans, appear bullish on India's prospects

India imports around 8.5 million tonnes per annum of liquefied natural gas from Qatar under two long-term contracts.

Govt decides to extend validity of licence for tur import till Dec 31

The government on Monday said it has decided to extend the validity of licence for import of tur till December 31 this year.

No more scotch? India moves to ban imported goods at military shops

The order did not specify which products would be targeted. However, industry sources said they believed imported liquor could be on the list

Indian entities can give guarantees on behalf of WOS abroad: Expert

Provided that the terms and conditions stipulated in Foreign Exchange Management Regulations, 2000, for promoting or setting up such company or subsidiary are continued to be complied with

Double-digit rise in exports helps India nearly halve trade gap with China

Exports to China saw sustained double-digit growth for the fourth straight month in August, led by eightfold rise in iron and steel shipments

India invites Israeli companies to meet $130 billion weapons need

Defence ministry sets target of 70 per cent self-reliance in weaponry by 2027

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

Covid-19 crisis: Port cargo picking up, but still lower than last year's

The fall in cargo at 12 major ports - administered by the central government - was 10 per cent in August compared to the same month in 2019

August exports shrink 12.6%, trade deficit hits 4-month high of $6.77 bn

Import contraction restricted to 26 per cent in August due to surge in gold purchases from abroad

Customs to raise vigil on electronic items from FTA countries from 21 Sept

Finance ministry sources said misuse of the FTA route has been on the rise for the last few years to escape customs duty on imports

Customs to roll out pan-India faceless assessment for all imports by Oct 31

The CBIC has constituted 11 National Assessment Centres (NACs), consisting of the Principal Commissioners/ Commissioners of Customs.

Exports, imports are showing positive trends, says Piyush Goyal

He added that the trade deficit is reducing drastically and India's share in the global trade is improving due to resilient supply chains

GSFC restarts methanol plant after six years to aid import substitution

The 525-metric-tonnes-per-day unit was commissioned in 2013 and operated for 11 months before shutting down in April 2014 due to non-viability

Onerous obligations on importers under new Customs rules

It is meant to strengthen the provisions for checking misuse of exemptions for imports under various trade agreements

July exports shrink 10.2%, trade deficit hits three-month high of $4.83 bn

Imports contraction falls steeply to 28% as trade deficit rises to three-month high of $ 4.83 billion

India can be great place for a country wanting import alternative: Gadkari

The Minister said China's 70 per cent of exports pertained to ten sectors and asked industry players to research on various sectors