To allow the pulse export from the country again, India Pulses and Grain Association (IPGA) have asked the government. The country’s body of pulse and grain traders is IPGA. On export of pulses from the country, IPGA has asked the government for removal of the ban. The farmers’ incomes would be impacted by this request […]
Electronics imports rise by 26% Rs 26,757 Cr, exports fall by 10% in January
In the month of January, India’s electronics imports rose by 26% and reached Rs 26,757.59 crore and reaching Rs 3,162.73 crore, the exports fell by 10%, said by an estimation made by the ministry of Commerce. In January 2016, the electronics exports were at Rs 3,526.13 and imports were at Rs 21,220 crore. Because the […]
From China India’s imports fall by 2.3%
From China India’s imports between April-December 2016 were at $45.629 million. The Minister of State for Commerce & Industry, Nirmala Sitharaman in a reply to Lok Sabha gave these figures. By 2.3% from the same period in 2015, the imports from China had fallen and she also said about this. By 2% from $ 46,015.02 […]
6% By This Year Indian Agriculture Exports Fall
According to a data provided by Agricultural and Processed Food Products Export Development Authority, during April-November 2016 the agricultural exports of India fell by almost 6% to $10.20 billion from $10.81 billion during April-November 2015. Some of the major reasons for the downfall in export rate is demonetization, higher export prices and cut down of […]
This Valentine’s Day Indian rose exports to be record high
This year for the Valentine’s Day, Indian rose shipments are anticipated be highest. a week before Valentine’s Day to Europe, West Asia, and Australia and more, The rose exporters have already begun shipping of rose stems and more will be shipped this week. Friday was the last day for the rose shipments for Valentine’s Day […]
The import of Indian Basmati rice allowed by Iran
As a trade delegation of twenty members had been to the country, Iran is expected to soon declare the resumption of Indian Basmati rice imports. About resumption of issuance of permits for import of rice, the notification about the resumption of issuance of permits for import of rice said by the commerce and Industry minister. […]
On 19 Products No MIP Extension- Steel Secretary
Aruna Sharma who is the Steel Secretary said that on nineteen products, the MIP (minimum import price) will not be extended. On 19 items we had announced minimum import price before Two months. Under minimum import price, 19 items were kept and we intervened so that traders do not bring these to India and resort […]
For Gems & Jewellery sector High gold import duty is a restraint
For the gems and jewellery sector, Gold attracts a 10% import duty which is a restraint. In import duty, The Union Budget did not show any reduction even after the industry’s requests. Mr Pravin Shanker Pandya who is the Chairman of Gems and Jewellery Export Promotion Council (GJEPC) says that for reducing import duty on […]
In 2017-18 Government To Launch New Scheme To Fund Export Infrastructure
For developing infrastructure for benefiting exports in 2017-18, a new scheme is going to launch by the government by helping in cutting down the trading costs for traders. Finance minister Mr Arun Jaitley, On 1st February 2017, in his budget speech, told that “A new and restructured central scheme with a focus on export infrastructure, […]
During this financial year, Indian Onion exports anticipated being the highest
When compared with the corresponding period in the previous year, in between April-October 2016, the export of Onion from the country has increased three times. Due to the removal of minimum export price (MEP) on Onions, there is a rise in export. Another reason for the increase in export is that under Merchandise Exports from […]
