Friday, 21 January, 2022
TopicCommerce ministry

Topic: Commerce ministry

India-China trade deficit soars to $47 bn as business ignores Ladakh crisis, ‘Atmanirbhar’ push

Trade deficit between India and China ballooned to almost $47 billion in just the first nine months of 2021. It stood at $44.02 billion in 2020-21.

Exports rise 45% to $33.14 billion in August, imports up 51.47% to $47.01 billion

The trade deficit was $13.87 billion in August this year, compared to $8.2 billion in the corresponding month of 2020.

Govt notifies RoDTEP rates for exporters, to cover 8,555 items including marine goods, yarn

Under the RoDTEP, various central and state duties, taxes, and levies imposed on input products would be refunded to exporters and govt has set aside Rs 12,454 crore for refunds.

India’s exports rise by 49.85% to $35.43 billion in July, trade deficit at $10.97 billion

India's imports in July grew by 63% to $46.40 billion with oil imports soaring by 97.45% to $12.89 billion, according to commerce ministry data.

India’s exports rise by 47.34% to $32.46 billion in June, trade deficit at $9.4 billion

The commerce ministry said that India's imports in June 2021 grew by 96.33% to $41.86 billion from $21.32 billion last year and thus India is currently a net importer.

India’s exports rise by 46.43% to $14.06 billion crore during first half of June

Exports of sectors such as engineering, gems and jewellery and petroleum products recorded healthy growth rates. During the same period, imports too rose by 98.33% to $19.59 billion.

Commerce ministry exempts public procurement of Covid supplies from Make in India preference

The order issued by the Department for Promotion of Industry and Internal Trade said the exemption shall be applicable till 30 September.

‘Bangalore Rose’ onion growers hit hard by Modi govt ban on export, say will affect income

Karnataka BJP MP Tejasvi Surya appealed to the Centre to exempt ‘Bangalore Rose’ from the ban as this special variety is grown for export to Southeast Asian countries.

Commerce ministry planning financial package for tea industry

The tea industry has been reeling under a crisis, with production hit badly after tea gardens across the country closed due to the nationwide lockdown.

Commerce ministry recommends sale of only one bottle of alcohol & ban on cigarettes at duty free

These recommendations come just before the upcoming Budget. Currently, a passenger can buy two litres of alcohol and a carton of cigarettes at airport duty-free.

On Camera

YourTurn

The BBC Broadcasting House in London

BBC is Britain’s only imperial legacy with purpose, UK must value it to remain in soft-power war

It’s deeply worrying that the Johnson govt, filled with defenders of the country’s imperial past, seems intent on rendering this last great British asset valueless.

Mahindra expects strong recovery in auto sales as supply chain constraints ease

According to Mahindra, the auto industry is poised for a very strong rebound because it has been buffeted by a number of factors over the last 2-3 years.

Defence

File image of German Ambassador to India Walter J. Lindner | Twitter | @AmbLindnerIndia

Won’t be silent if rules-based order challenged, envoy Lindner says as German warship visits

In an exclusive interview, the German ambassador to India said port call of the German warship Bayern in Mumbai shows the significance of the Indo-Pacific region.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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