India's Export, Import Fell In May, Trade Deficit Rises To 5-Month High
As a result, the trade deficit rose to a five-month high of $22.1 billion. India has been consistently witnessing a trade deficit for many years now.
Jun 15, 2023, 20:56 PM IST
Commerce ministry issues draft guidelines for certification of halal meat products
With an objective to streamline the certification of meat and meat products as halal from the country, a scheme titled 'India Conformity Assessment Scheme (i-CAS)' has been developed.
Jan 18, 2023, 19:53 PM IST
Guava export rises to USD 2.09 million in Apr-Jan
The export of curd (yogurt) and paneer (Indian cottage cheese) has also increased from USD 10 million in April-January 2013-14 to USD 30 million in April-January 2021-22.
Feb 27, 2022, 22:37 PM IST
Revamping of commerce dept on anvil for more coherent trade promotion strategy
Under the plan, there is a proposal to set up a dedicated trade promotion body and a trade remedies review committee.
Feb 20, 2022, 21:06 PM IST
Exports of marine products jump 35% to USD 6.1 billion during Apr-Dec 2021
In December 2021, the exports grew 28 per cent to USD 720.51 million.
Jan 30, 2022, 20:48 PM IST
India will achieve $400 billion export target this year: Commerce Minister Piyush Goyal
Commerce Minister Piyush Goyal asserted that in FY22 India will achieve $400 billion export target.
Dec 19, 2021, 08:29 AM IST
Centre will support establishing semiconductor industry in India: Piyush Goyal
Goyal said creating the semiconductor industry and strengthening the shipping industry will help push the 'Aatmanirbhar' or self-reliance initiative of the government.
Aug 19, 2021, 20:10 PM IST
PMO seeks suggestions from Commerce Ministry on curbing Chinese imports amid LAC tension
Amidst the ongoing LAC standoff and the diplomatic tensions with China, the Prime Minister’s Office (PMO) has sought suggestions from the Commerce Ministry to curb imports from the hostile neighbouring country.
Jul 07, 2020, 15:09 PM IST
Piyush Goyal takes charge as new commerce and industry minister
Speaking on this occasion, Piyush Goyal said that he is extremely humbled by stepping into the shoes of a visionary like Suresh Prabhu and will try to do his best to take the work of the Ministry forward.
May 31, 2019, 17:14 PM IST
How toys are doing more harm than good to our children
Toys are among a child's first possessions. But do you know that the chemicals used in the manufacturing of these toys can adversely affect your child’s health? According to a new study, these contaminated toys can prove dangerous to children with serious health implications.
Dec 22, 2018, 11:46 AM IST
Commerce ministry recommends continuation of anti-dumping duty on chemical from EU, US
The move is aimed at guarding domestic manufacturers of 'Methylene Chloride' from cheap imports from the European Union (EU) and the US.
Nov 27, 2018, 10:51 AM IST
Wholesale inflation shoots up to 5.77% in June from 4.43% in May
According to the Commerce Ministry data, the WPI inflation in June 2017 was at 0.90 per cent.
Jul 16, 2018, 12:42 PM IST
Government to form Steering Committee to push growth at district level to 3%
The initiative will begin with 6 districts, including Sindhudurg and Ratnagiri in Maharashtra, Varanasi in Uttar Pradesh, Muzaffarpur in Bihar, Vishakapatnam in Andhra Pradesh and Solan in Himachal Pradesh.
Apr 18, 2018, 14:33 PM IST
China blames US of releasing negative information about trade relations
China`s Commerce Ministry expressed concern on Thursday that the United States has been spreading negative information about the trade relationship between the world`s two largest economies.
Dec 07, 2017, 11:10 AM IST
Suresh Prabhu calls for global financial architecture
Prabhu also said he would soon visit Washington DC to meet the US Commerce Secretary and the trade representatives in the US to hold discussions on trade and commerce related issues.
Sep 29, 2017, 17:34 PM IST
Wholesale inflation rises to four-month high of 3.24% in August
Inflation based on the wholesale price index (WPI) was 1.88 percent in July 2017 and 1.09 percent in August 2016.
Sep 14, 2017, 12:39 PM IST
'Commerce Ministry identifying select service segments to boost exports'
GES, organised by the ministry, provides a platform to explore market opportunities across the world and meet global counterparts.
Sep 03, 2017, 15:29 PM IST
Reform labour laws to enhance ease of doing business: NITI Aayog
The survey covers more than 3,000 enterprises across India and makes an effort to assess ease of doing business from their perspective as opposed to the perspective of policy makers.
Aug 28, 2017, 16:29 PM IST
Commerce Ministry sets up task force on artificial intelligence
The panel comprised experts, academics, researchers and industry leaders. They will explore possibilities to leverage AI for development across various fields.
Aug 25, 2017, 17:52 PM IST
Nepal officials to hold talks with India on GST
The delegation will discuss issues concerning Goods and Services Tax (GST) recently imposed in India in relation to the bilateral Trade and Transit Treaty between the two countries, officials said here.
Jul 10, 2017, 20:28 PM IST
