Page 10 - Commerce Ministry

July exports recovered to 91 per cent of July 2019 levels : Piyush Goyal

Non-gems & jewellery, petroleum exports also rose, picking up significantly towards month-end

Govt to look into concerns of Japanese investors, says Piyush Goyal

Inter-minister group will hear out challenges to investments, and hand hold 50 Japanese companies

PLI scheme to be expanded to furniture, leather sectors as MEIS wounds up

The new scheme would replace the existing Merchandise Exports India Scheme (MEIS), introduced in April 2015

All PPE export applications rejected as Commerce Ministry revises criteria

After all the export applications for PPE coveralls for rejected, the Commerce Ministry has issued revised procedure and criteria

US remains India's top trading partner for 2nd consecutive year in 2019-20

The bilateral trade between India and China has dipped to $81.87 billion in 2019-20 from $87.08 billion in 2018-19

Govt lifts ban on PPE exports, sets a monthly quota of 5 million units

Industry hails move, wants Government to allow N95 masks too

RBI's one-time restructuring scheme may be limited to Covid-hit sectors

Firms from the aviation, hospitality, and retail sectors are expected to be allowed to avail of the new scheme

Power sector hopes for reforms at state level as Centre curbs imports

Given the federal structure in the power sector, most states float tenders different from the Centre and adopt separate selection criteria, mostly tilting towards low cost.

External affairs, commerce ministries differ on invitation by RCEP nations

External affairs ministry opposes India joining it, but commerce dept open to studying new proposal

Goyal expects better exports performance in May, contraction to be lower

There was a huge decline in exports in April but "my sense is that in May, it will improve significantly", he said while speaking at CII's Export Summit

Centre looks to nudge more MSMEs into manufacturing to reduce imports

Sources across ministries confirmed that Narendra Modi's call to "go vocal for local" will be achieved through a host of measures, running into the dozens, and will focus on long-term goals.

Market Ahead, May 13: Top Factors That Could Guide Markets Today

Today, a total of 10 companies, including Maruti Suzuki India, MPhasis, and ABB are scheduled to announce their results

Govt mulls tax holiday for companies making new investments in India

The finance ministry is considering a commerce ministry proposal on this, according to a Bloomberg report

Coronavirus: Exporters seek duty reduction, logistics support from Centre

Meanwhile, Irdai was asked to review existing insurance products to ensure risk cover against loss because of abnormal delay in delivery of shipments

Govt to meet exporters on Mar 3 to discuss opportunities amid coronavirus

The meeting will be chaired by Commerce and Industry Minister Piyush Goyal

Govt considers making registration compulsory for paper importers

The Directorate General of Foreign Trade, under the Commerce Ministry, is looking at the matter

Commerce ministry preparing district export plan to boost shipments

Budgetary support will be provided to make outreach at the district level and prepare this plan, the ministry said

Facility centres for jewellery sector to help workers improve quality: Govt

Gems and jewellery exports account for more than $40 billion (about Rs 2.84 trillion) annually, employing more than 5 million people across the country

Budget 2020: Govt looks to increase turnover of GeM portal to Rs 3 trillion

The minister also proposed to provide about Rs 27,300 crore for development and promotion of industry and commerce for 2020-21

Duty incentives for apparel export withdrawn as tax rebate scheme launched

The directorate has also laid out a detailed procedure for availing benefits under the RoSCTL scheme