Commerce Ministry

The govt has exempted customs duty and agriculture infrastructure development cess on 20 lakh metric tonnes yearly import of crude soyabean oil and crude sunflower oil each, to ease domestic prices

Speaking at the World Economic Forum in Davos, Goyal also said that India was producing enough wheat for domestic consumption

WEF 2022: With the war in Ukraine, world is grappling with economic uncertainty, but India finds itself in a sweet spot at the World Economic Forum in Davos

As India assumes the presidency of the G20 in 2023, the initiative will boost India's position at WEF 2022 meet as an important stakeholder in shaping global narrative

Announcement comes days after DGFT banned all wheat exports to bolster falling stocks and manage food security; govt also allows wheat already being loaded at Kandla to head to Egypt

Wholesale price inflation rate is now in double digits for 13 consecutive months.

The commerce ministry has convened an inter-ministerial meeting on May 18 to hold consultations on issues that are likely to figure prominently in the forthcoming meeting of the WTO

Here are the top headlines on Tuesday

Commodity prices will push up trade deficit

The commerce ministry will soon come out with detailed FAQs on the recently implemented free trade agreement between India and the UAE to help the domestic industry understand benefits of the pact

The exports in 2021-22 sustained a positive growth despite the global trade disruptions and drop in demand for COVID related medicines

Indian American Arun Venkataraman was sworn in as the Assistant Secretary of Commerce for Global Markets and Director Gen of the US and Foreign Commercial Service

On the occasion of this World IP day, the ministry will be organising a conference on 'Leveraging India's Demographic Dividend through IP' here tomorrow

The Department of Commerce charted out a plan to address these issues and 'for the first time reached out to not just the States but also at the district and village level farmers'

These programmes are planned to be conducted in cities, including Hyderabad, Chennai, Bengaluru, Mumbai, Surat, Ahmedabad, Delhi and Agra

The issue was raised by FIEO Chairman A Sakthivel during a meeting, chaired by Commerce and Industry Minister Piyush Goyal, on April 20

He also said it is important for India to expand exports significantly and encourage investments to increase foreign exchange inflows into the country

Bangladesh's service exports grew faster; Asia's growth averaged 16.9% compared to India's 16.6% growth in service exports

Under the scheme, imports of capital goods are allowed duty free, subject to an export obligation

Total of 19,796 patent applications filed, 10,706 54% were filed by Indian applicants as compared to 9,090 by non-Indian applicants