Page 4 - Commerce Ministry

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 exports going strong, says commerce ministry official

Joint Secretary in the Department of Commerce Amitabh Kumar stressed on increasing India's share in global exports

Commerce ministry likely to soften stance on 21st century issues at WTO

The commerce secretary said including 21st century issues in bilateral deals would bring both opportunities and challenges for Indian industry

India's exports rose 44% to $16.46 billion during Dec 1-14: Govt data

Imports too grew 42.57 per cent to $27.53 billion during the period under review, the data showed

Centre to brainstorm on reducing compliance burden of citizens, businesses

To improve 'Ease of Living' and 'Ease of doing business, the Centre has decided to further reduce the compliance burden on businesses and citizens, the Ministry of Commerce and Industry informed

Comm Min recommends continuation of anti-dumping duty on Chinese tiles

The commerce ministry has recommended continuation of anti-dumping duty on Chinese tiles, used for covering floors and walls in buildings, for five more years

4 industrial smart cities being developed under DMIC: Commerce Ministry

The government has approved 11 such corridors consisting of 32 projects to be developed in four phases

DPIIT working on national retail policy: Union Minister Som Parkash

The minister said it is imperative to focus on creating an overarching retail policy for the country

Aim to cut imports, Commerce Ministry shares list of items with ministries

The cumulative share of these items is 57.66 per cent in total import during the March-August 2021 period

US Trade Representative to visit Delhi in Nov to expand ties with India

In the past, India had extensive discussions with the US on a limited trade deal, with the regime of Donald Trump

India to push for lower price at CERAWeek as crude oil hits $85 a barrel

India will be anchoring the international meeting, which will be attended by representatives from the world's largest oil producer, Saudi Arabia and Opec

Gold imports jump multi-fold to $24 billion in Apr-Sep due: Commerce min

Gold imports, which have a bearing on the current account deficit, zoomed to about USD 24 billion during April-September 2021 due to higher demand in the country,

Gati Shakti master plan may help cut logistics cost to 8% of GDP

Railways looking at Rs 50K cr of investments under the project

Trying to include education as key sector of cooperation in FTA talk: Goyal

India is trying to include education as a key sector of cooperation in free trade agreements that the country is negotiating with its trading partners, Commerce and Industry Minister Piyush Goyal said

Govt notifies processes for granting RoDTEP duty credits

An exporter must make a claim for RoDTEP in the shipping bill or bill of export by making the prescribed declaration

Proposed e-commerce policy to be balanced, with robust framework: Goyal

Union minister Piyush Goyal on Sunday assured that every stakeholder's interest will be taken into consideration while framing e-commerce policy which would be robust and in interest of every Indian

Amazon clarifies to govt on reported legal fee of Rs 8,546cr during 2018-20

Amazon has clarified to the government on its reported legal fee, saying the expense includes professional fee as well, according to sources

Govt's current foreign trade policy likely to continue till March 31

For this fiscal year, the main target is to accelerate exports and reach the $400-bn aim

Ease of doing business helped create more startups: Piyush Goyal

Simplification, facilitation and ease of doing business has helped India create more startups, Commerce and Industry Minister Piyush Goyal said on Sunday. For promoting startups, the government is creating future global leaders and wants to become the innovation hub of the world, he said during an interaction with the industry representatives in Bengaluru. "India has been able to create the third largest startup ecosystem in the world since its launch.This has been possible by the government's focus on reforms like simplification, facilitation and ease of doing business," he said. He called upon the industries to be self-sufficient in the area of semiconductors. Goyal also suggested the participants to formulate a draft road map for the development of startups.

Businesses should give useful inputs for FTA negotiations

FTAs have to be signed keeping two things in mind - mutually reciprocal terms and focusing on products and services with maximum export potential