Page 2 - Commerce Ministry

Number of patent filings rises to 66,440 in FY22: Commerce ministry

The number of patent filings increased from 42,763 in 2014-15 to 66,440 in 2021-22 due to steps taken by the government to strengthen intellectual property rights regime of the country

India, Australia working in Quad to ensure peace in Indo-pacific: Goyal

Goyal noted that India and Australia working closely together in Quad to ensure peace and stability and order in the Indo-pacific region especially geopolitical alignment.

India's exports rise by 37.57% to $9.32 bn in 1st week of 2022-23

Export excluding Petroleum, has increased in this period by 24.32% over same period of 2020-21 and up by 392.46% over same period of 2019-20

'Better late than never', says Piyush Goyal on India-Australia trade deal

Goyal underlined the importance of the India-Australia Economic Cooperation and Trade Agreement, saying even though the agreement was signed a bit late but its "better late than never."

'Commerce Ministry unaware EOUs are not bonded warehouses'

Apparently, the Commerce Ministry is not yet aware of these changes, and so, the SEZ Rules, 2006, remain unchanged.

India is open for biz; to expand global footprint, says Piyush Goyal

PM Modi's government looks at a trade deal very seriously, examining its potential for the next 50 years, says Goyal

India, Australia trade pact to boost engineering goods exports

India has signed a trade deal with Australia less than a week after inking a Comprehensive Economic Partnership Agreement with the United Arab Emirates

PNB acquires 5.97% stake in ONDC in first tranche

ONDC is an initiative of the Ministry of Commerce and Industry to promote open networks for all aspects of the exchange of goods and services over digital networks

Commerce ministry to extend foreign trade policy for some more months

Last year in September, the government extended the Foreign Trade Policy 2015-20 till March 31, 2022, due to the COVID-19 pandemic. The present policy came into force on April 1, 2015.

Centre deliberating on e-commerce policy draft, says CAIT

According to CAIT, Goyal advised the officials to explore the possibilities of formation of a regulator for e-commerce trade so that laws and rules are followed in both letter and spirit

Govt recommends continuation of anti-dumping duty on Chinese Aluminium foil

The commerce ministry has recommended the continuation of anti-dumping duty on Chinese aluminium foil, used in food and pharma sectors, for five years to guard domestic players from cheap imports.

Piyush Goyal asks auto cos to cut import dependence, increase innovation

Commerce and Industry Minister Piyush Goyal expressed disappointment over certain auto companies continuing to import even those components which can be qualitatively manufactured in India.

Exports up 25.1% to $34.57 bn in Feb; trade deficit widens to $20.88 bn

According to the data, gold imports in February dipped by 9.65 per cent to USD 4.8 billion

Exports cross $380 bn this fiscal so far; likely to hit $410 bn: Goyal

The country's merchandise exports have reached over $380 billion so far this fiscal till March 7 and are expected to reach $410 billion in 2021-22, Commerce and Industry Minister Piyush Goyal said

Rs 745 cr collected from coal, other minerals in last 3 years: Minister

Over Rs 754 crore was collected as revenue from coal and other major minerals during the last three years, Meghalaya Commerce and Industry Minister Sniawbhalang Dhar told the state Assembly

Comm Min extends deadline for exporters to submit applications for dues

Exporters can claim pending refunds under the Merchandise Exports from India Scheme (MEIS), RoSCTL (Rebate of State and Central Levies and Taxes) scheme and Rebate of State Levies (RoSL) scheme

Goyal urges investors to focus on entrepreneurs in small cities, towns

Commerce and Industry Minister Piyush Goyal on Wednesday urged investors to focus on entrepreneurs in small cities, foster innovation and facilitate mobilisation of domestic capital.

India's exports may reach $410 billion this fiscal, says Piyush Goyal

The country's merchandise exports during April-February 2022 stood at USD 374.05 billion, an increase of 45.80 per cent over USD 256.55 billion in the year-ago period

Feb exports rise 22% YoY to $33.8 bn; trade deficit widens to $21.19 bn

Remain above $30-bn mark but pace of growth slows for 2nd month in a row

LIC IPO to be delayed or not? GoM likely to take a call tomorrow

Merchant bankers say situation not ripe for IPO of this size