Tuesday, 9 August, 2022
TopicCommerce ministry

Topic: Commerce ministry

India relaxes wheat ban, allows export of consignments registered till 13 May

India put wheat under prohibited category last week to ‘manage the overall food security of the country’.

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.

On Camera

YourTurn

Representational image | Indian Navy/Facebook

Tale of two ships – How Delhi is asserting Indianness of the Indian Ocean to China

A US Navy ship docked in an Indian port for the first time. And a Chinese ship couldn’t in Sri Lanka. New Delhi is finally pulling strings.
Representational image | Rupixen/Unsplash

‘We are cracking down’— how Modi govt plans to make it tougher for states to fund freebies

The Narendra Modi government is looking at ways to check states’ spending on handouts like free electricity and rations. The first step is to tighten the noose on state borrowings.

Defence

Representational image | Indian Army soldiers during the Army Day Parade at Cariappa Parade Ground in New Delhi | ANI Photo

Army looks to reduce troops by 2 lakh, deployment in Kashmir could be rejigged

The Army, which faces a shortage of about 1.35 lakh personnel, is aiming to reduce its strength from 12.8 lakh to around 10.8 lakh.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
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