Page 8 - India Trade

India's exports during March 1-14 increase 17% to $14 billion

Exports are showing healthy signs of revival

Trade deficit narrows to $12 bn in February, exports at $27.93 bn

Exports of items such as iron-ore, rice, cereal preparations meat, dairy and poultry products, spices, drugs and pharmaceuticals, handloom products, coal and other ores continued to rise

Logistics policy to go to Cabinet for approval, aims to ease goods movement

Indian industry pays a high logistics cost, hurting the competitiveness of domestic goods in the international market.

Import tariff needs to be halved to for competitiveness: Montek Ahluwalia

Bringing down import tariffs by at least 50 per cent holds the key to achieve competitiveness in India, Ahluwalia said

India exports 87,000 tons of onion in Jan-Feb after ban lifted

India has exported 87,000 tonnes of onion in the January-February period after the ban was lifted in view of good kharif crop estimates

Merchants almost halt exports to Iran as its rupee reserves fall: Report

Iran's rupee reserves in India's UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly

Non-basmati rice exports increase to Rs 26,058 cr during April-Jan

This compares to Rs 11,543 crore in the same period last fiscal

India, Mauritius ink landmark economic cooperation agreement

India on Monday signed a landmark Comprehensive Economic Cooperation and Partnership Agreement (CECPA) with Mauritius

Paradip Port achieves 100 MT-mark in cargo handling for 4th year in a row

Paradip Port is one of the 12 major ports in the country

Traders' bodies divided on call for Bharat bandh over GST provisions

A national-level organisation of small businessmen on Friday said it is opposed to the move

Cabinet okays trade deal with Mauritius, the first with an African nation

Agreement is limited in scope, covers 310 export items from India and 615 imported products from Mauritius

Cabinet approves economic cooperation pact between India, Mauritius

The pact is aimed at liberalising norms to boost two-way commerce

India's crude palm oil import surges 45% in January: Trade body

India's crude palm oil imports in January jumped 44.99 per cent, the Solvent Extractors' Association of India (SEA) said on Friday

Committed to achieving $500 bn in US bilateral trade: Ambassador Sandhu

India and the US are committed to achieving the ambitious goal of a bilateral trade of $500 billion, India's top envoy said

Sugar exports may drop 24% this year due to logistics issues: Trade body

The drop was due to logistics constraints and less chances of shipments to Iran, trade body All India Sugar Trade Association (AISTA) said

Exports continue to register positive growth, up 10.3% during February 1-8

The rise was helped by strong performance by key sectors such as engineering and chemicals

DGFT introduces online system for importers to seek tariff rate quota

The commerce ministry's arm DGFT has introduced an online system for traders who seek tariff rate quota for imports

India, UK hold discussions to promote bilateral trade, investments

India and the UK have held discussions on promoting bilateral trade and investments between the two countries

India, EU hold high-level dialogue, discuss ways to promote trade

India and the European Union (EU) have held the first high level dialogue (HLD) and discussed ways to promote bilateral trade and investments

TPCI urges govt for flat 5% GST on all processed food items to spur growth

The Trade Promotion Council of India (TPCI) on Friday urged the government for a flat 5 per cent Goods and Services Tax (GST) on all food processed items to spur the growth of the sector. The council also pushed for input tax credit on food sales; tax holiday for five years for companies investing in infrastructure, including digital infrastructure; special incentives to food processing through interest subvention, and lower taxes; and competitive import tariffs over five years, with lowest or nil slab on inputs or raw materials. TPCI Founder Chairman Mohit Singla said non-tariff barriers in the food sector are impacting the industry and trade. "The new standards such as Alimentrus Codex Standard of EU require a lot of investment to meet. Therefore, TPCI demands a separate fund/ incentives for R&D and testing labs for meeting the global standards," he added. Chairman, Food and Beverages Committee, Vivek Agarwal said some of the items like molasses, white chocolate, cocoa butter, ..