In April-August of 2016-17 financial year, Coffee exports from India have gone to 1,63,615 tonnes. As per Coffee board, even when rates are lower it is an increase of 18.15%. In the first five months of the last financial year, India had exported 1,38,479 tonnes of coffee. In April-August of 2016-17, Coffee Board shows a […]
Gold Leads To Malpractices Due To High Import Duty
By few petty jewellers, Illegal practices have been started because of high import duty on bullion. If they export the entire content of gold, these jewellers get no duty charges. Trade associations of India asking for revaluation of the 10% levy have taken this subject to the finance ministry. At zero levies the dishonest jewellers […]
For Automobile Exports From India Mexico Is Top Destination
For automobile exports from India Mexico is the top destination. A massive growth of 110 percent has seen Exports to Mexico. The increase in Nepal Imports was even more at 120 percent for the interval and the exports to the UK saw an increase of 22 percent. At Expo National Ferretera 2016 in Guadalajara (Mexico), […]
On Aluminium Import In India Finance Ministry May Impose MIP
To put a minimum import price on aluminium import in India, Government is thinking to decide. By this on rising import of cheaper aluminium from the global market can be checked. This is cutting into domestic manufacturer’s market. on the case of domestic manufacturers, Revenue Department, Ministry of Finance is working. for levying a minimum […]
To Increase Agricultural Exports To Russia India In Discussion With Russia
In last few years, there is the decrease in Indian agricultural exports to Russia and Indian government is discussing this with Russia. in a meeting with delegates of Rosselkhoznadzor, Russia’s phytosanitary (quality monitoring) body, the government asked for an increase in the allowed number of products and exporters. Now Govt more concentrates on increasing export […]
Due To Drought And Lower Global Prices India Ready To Double Cotton Imports
Due to falling production, this year India is ready to double its cotton imports, when the global prices are low, by purchasing up to 2 million bales (1Indian Bale = 374 pounds) at a time. In this year till now India has already bought around 1.5 million bales of cotton. The traders and government officials […]
Due To Lower Consumption & High Local Production LNG, Import In India Decreased
This year in July, LNG import in India (liquefied natural gas) has reduced first time, putting an end to the sudden surge in growth since January. The main reason behind this is consumption not rising as much and the increase in local production. In July 2015 India imported 2037 mmscm of gas and about 4 […]
On cold-rolled flat steel products Govt puts anti-dumping duty
On cold-rolled flat steel products, The Finance Ministry has extended an anti dumping duty for 6 months. On hot-rolled flat steel products, Anti-dumping duty was slapped, just 15 days back. The administration desires to give shelter the domestic steel industry. Hence, comes the temporary anti dumping levy on cold-rolled flat products of steel imported from […]
Subsidy supply will be founded upon actual sugar export
Subsidy supply to sugar mills will be now based on real sugar export data and ethanol supply, as decided by Cabinet. By doing this, it will assist the mills to pay the farmers on time, said by government. This move also simplifies the procedure of getting jute bags for food texture by giving the Jute Commissioner […]
In April-May Meat Exports From India Stood At $568 Million
During April-May 2016 the meat exports from India was estimated to be $568 million; a report presented in Lok Sabha by Nirmala Sitharaman who is the Commerce and Industry Minister this data. For Indian meat industry Vietnam, Malaysia, Egypt, Saudi Arabia and Iraq are the major importers. Processed meat and meat of buffalo, sheep and […]
