Page 5 - Trade Exports

Gems, jewellery exports grow 5.76% to $29 billion in Apr-Dec 2021

Gems and jewellery exports in the April-December 2021 period grew by 5.76 per cent to USD 29.08 billion on account of healthy demand in major countries including the US, Hong Kong and Thailand

DPIIT holds meeting with various stakeholders on proposed e-commerce policy

The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday held a meeting with different stakeholders, including domestic and foreign companies, on the proposed e-commerce policy, an official said. The meeting was attended by domestic and foreign e-commerce firms besides domestic traders body CAIT (Confederation of All India Traders) and associations related to the MSME sector, the official added. CAIT in a statement said the meeting was attended by All India Consumer Products Distributors Federation (AICPDF), Retailers Association of India, Laghu Udyog Bharti, and Federation of Indian Micro and Small & Medium Enterprises (FISME). Representatives of e-commerce firms, including Amazon and Flipkart, also attended the virtual meeting, which was chaired by DPIIT Additional Secretary Anil Agarwal, along with other senior officials of the ministry. Confirming his participation in the meeting, CAIT Secretary General Praveen Khandelwal said the e-commerce policy should

Tax hike on components to make mobile PLI uncompetitive for exports: ICEA

ICEA has said that increase in taxes on components will make the products manufactured in India under the PLI scheme globally uncompetitive.

India-China trade grows to record $125 billion in 2021 despite tensions

The India-China bilateral trade touched a record high of over USD 125 billion in 2021, crossing the USD 100 billion-mark in a year when the relations hit a new low due to the prolonged standoff

Exports rise 39% to $38 bn in Dec; trade deficit widens to $21.68 bn: Govt

Imports in December 2021 increased 38.55% to $59.48 billion

Exports rise 33% to $7.63 billion during Jan 1-7 period: Govt data

The country's exports grew 33.16 per cent to USD 7.63 billion during January 1-7 period on account of healthy performance by various sectors, including engineering, petroleum and gems and jewellery

India's sea cargo tonnage near pre-pandemic levels

Reaching the pre-pandemic levels in exports and imports, even in volume ter­ms, is no mean achievem­ent

RIL, HDFC, TCS power 673-pts rally in Sensex; Nifty tops 17,800; banks soar

The broader markets underperformed the benchmarks by a wide margin. The BSE MidCap and SmallCap indices ended with meagre gains of 0.05 per cent and 0.4 per cent, respectively.

Covid-19 variant Omicron may put India's export growth in slow lane

With the US and parts of Europe witnessing more than 100,000 Covid-19 cases a day, exporters expect some disruption

India's wheat exports rise to $872 million in April-October period

In volume terms, wheat exports during the said period rose by more than 527 per cent to 3.2 Million Tonnes (MT)

Exporters across sectors are flushed with orders for next fiscal: FIEO

Additional exports will come from some of the PLI (production-linked incentive) sectors in the next fiscal, it said

Re-import of steel cylinders should be exempted from SIMS registration

See no reason to cover re-imports of such Indian origin goods under SIMS

US considers banning key exports to Chinese chipmaker SMIC: Report

US officials are considering discussing a Defense Department proposal this month to close regulatory loopholes that have allowed Chinese chipmaker SMIC to buy critical technology

India unseats Brazil as No.1 food supplier to Arab nations after 15 years

The Arab world is among Brazil's most important trade partners, but its distance from those markets took its toll as the pandemic rattled global logistics

United States trade deficit narrows in October as exports rebound

The October deficit was 17.6per cent below the all-time peak in September of $81.4 billion

WTO negotiations on services regulations conclude

Many service providers complained that the processes for applying and obtaining the licenses are not clear in many countries

Slow exports growth takes trade deficit to record high of $23 billion

The current account balance is widely expected to turn into a deficit at around one per cent of GDP during 2021-22

Draft agreement on fisheries subsidies submitted to ministers: WTO

The chair of the fisheries subsidies negotiations at WTO has submitted a draft agreement -- aimed at banning subsidies for illegal, unreported and unregulated fishing

Centre allows Bharat Biotech to begin commercial exports of Covaxin

Bharat Biotech made 55 million doses of Covaxin in October, and aims to make 80 million doses in December.

Domestic exporters may soon start shipments of mangoes to US: Official

Domestic exporters may soon start shipments of mangoes, such as 'Dasheri' and 'Langda', to the US as America will start accepting testing certificates of specified agencies of India