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Mid-term review of Foreign Trade Policy announced; key highlights
Tue, Dec 05, 2017
It was to be announced together with the implementation of the GST regime, but was postponed to take into account feedback from the export sector regarding the GST-related issues.
Govt says tech glitches led to piling up of export refunds, assures steps
Thu, Nov 30, 2017
The government said that technical glitches have led to export refunds piling up and assured exporters that steps are being taken to fix the problem, EEPC said in a statement today.
Exports body hails govt decision for exemption of bank guarantee
Sat, Sep 30, 2017
FIEO in a statement said micro and small exporters will be immensely benefited from this decision as they were struggling to get bank guarantee
Bajaj Auto Q1 results are one off; exports, three-wheelers to revive growth soon
Mon, Jul 24, 2017
While domestic sales are expected to bounce back in the following quarters this year, the three-wheeler sales and exports are expected to push Bajaj Auto's growth.
India stares at losing Rs 1700 crore worth of EU basmati exports to Pakistan
Wed, Jul 05, 2017
Ahead of the visit of an Indian delegation to the EU to resolve the basmati rice issue, grain exporters body AIREA today said tough norms by the European Commission will hit the exports badly as the trade worth over Rs 1,700 crore could shift to Pakistan.
India GDP growth to remain flat at 7.1% in FY18: HSBC
Sun, Jun 04, 2017
India's economic growth is expected to remain flat at 7.1 % in current fiscal as investment is still weak and government spending might not be as high given the fiscal consolidation, says an HSBC report.
Cow slaughter ban: India may import American hides to meet leather demand
Sun, Jun 04, 2017
The ban on sale of cattle for slaughter, which has cast a shadow on the leather industry and created concern among importers, could pave the way for American cattle hide to India in the long run, Calcutta Leather Complex Tanners Association president Ramesh Juneja said.
Canada lentil exporter AGT says expects India trade snag solution
Thu, May 18, 2017
AGT has shipped minimal volumes to those markets, but expects sales to gradually increase shipments leading into Canada`s harvest period starting in August, Al-Katib said.
India's service exports rises 3.4% in FY17: RBI
Mon, May 15, 2017
Service exports of India grew to $160.68 billion last fiscal and maintained India's position as one of the major economies contributing to world services export industry.
Growth in gold, crude oil imports sees three-fold rise in India's trade deficit
Mon, May 15, 2017
While gold imports in India rose three-fold during April, crude oil imports further grew by 30% putting more pressure on out trade deficit.
India's strong export growth continues with 20% rise in April
Mon, May 15, 2017
Exports from India grew to $24.63 billion in Apri 2017 growing by nearly 20% in comparison the same month last year.
GST will have a macro economic impact, says RBI
Fri, May 12, 2017
It said the GST is expected to reduce administrative costs for collection of tax revenue and improve revenue efficiency while uniformity in tax rates and procedures will lead to economy in compliance cost.
Hyundai records marginal 3.6% growth in car sales in April
Mon, May 01, 2017
The carmaker, however, said its exports during the month declined by 3.8 per cent to 11,610 units as compared to 12,069.
Here's how Ashok Leyland is one step ahead of competitors in the BS-IV race
Sat, Apr 29, 2017
Ashok Leyland expects the these three segments to contribute 50% of its revenues, up from 30% currently
Saudi Arabia's crude exports to US to fall by 300,000 barrels per day in March: Official
Fri, Mar 24, 2017
An Energy Ministry official from Saudi Arabia has said on Thursday that the country`s crude exports to the United States (US) in March will fall by around 300,000 barrels per day from February, in line with OPEC`s agreement to reduce supply.
India's current account deficit widens in October-December: RBI
Thu, Mar 23, 2017
India`s current account deficit widened to $7.9 billion, or 1.4 % of gross domestic product, in the October-December quarter from the same period a year earlier, the Reserve Bank of India (RBI) said in a statement on Thursday.
Engineering exports likely to reach over $60 billion this fiscal: Nirmala Sitharaman
Thu, Mar 16, 2017
During Sitharaman's meeting with Russian Industry and Trade Minister Denis Manturov, both the sides deliberated upon ways to further boost the two-way commerce which stands at $6.62 billion currently.
India’s exports rise over 17%, first double digit growth in two years
Wed, Mar 15, 2017
Ministry of Commerce and Industry on Wednesday put out India’s foreign trade numbers wherein the country’s exports had grown in double digits for the first time since 2014, as analyst Firat Unlu from The Economist Intelligence Unit pointed out.
China's economy gets off to strong start in 2017 as investment rebounds
Tue, Mar 14, 2017
China issued a raft of upbeat data on Tuesday showing the economy got off to a strong start to 2017, supported by strong bank lending, a government infrastructure spree and a much-needed resurgence in private investment.
China's imports surge almost 40% year-on-year in February on higher commodity prices, strong domestic demand
Wed, Mar 08, 2017
China's imports have surged almost 40% in February this year fuelled by higher commodity prices and strong domestic demand which bolstered hopes that the world`s number two economy is getting back on track.