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Commerce Ministry

Government revises wastage, input-output norms for gold, silver jewellery exports

Government revises wastage, input-output norms for gold, silver jewellery exports

Sat, Nov 02, 2024

After their concerns, the Commerce Ministry deferred the implementation of those rules till December 2024.

DGFT rolls out Faceless Automation system to fix Input-Output Norms for exporters

DGFT rolls out Faceless Automation system to fix Input-Output Norms for exporters

Thu, Jun 20, 2024

The DGFT administers the Advance Authorisation Scheme of the Foreign Trade Policy, facilitating duty-free import of inputs for export production, which includes replenishment of inputs or duty remission.

India's seafood exports up in volume terms; dip in value in 2023-24: Commerce min

India's seafood exports up in volume terms; dip in value in 2023-24: Commerce min

Wed, Jun 19, 2024

Exports in volume terms have increased to 17,81,602 MT (tonnes) worth $7.38 billion during 2023-24 as against 17,35,286 MT ($8.0 billion) in 2022-23.

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India's textile exports surge by 9.6% despite global headwinds CITI report commerce ministry Federation of Indian Export Organisations

India's textile exports surge by 9.6% despite global headwinds CITI report commerce ministry Federation of Indian Export Organisations

Sun, Jun 16, 2024

CITI's report highlighted that the combined exports of textiles and apparel in May 2024 registered a 9.70 per cent growth over May last year.

Exports up 9% at $38.13 billion in May; trade deficit widens to 7-month high at $23.78 billion

Exports up 9% at $38.13 billion in May; trade deficit widens to 7-month high at $23.78 billion

Sat, Jun 15, 2024

Healthy growth in sectors, such as engineering, electronics, pharmaceuticals, textiles and plastics helped register growth in exports despite global economic uncertainties.

Commerce Ministry may seek 5-year extension of interest equalisation scheme for exporters

Commerce Ministry may seek 5-year extension of interest equalisation scheme for exporters

Thu, Apr 11, 2024

"The ministry will do revamping of some schemes like interest equalisation scheme. We would propose an extension of the scheme for five years. The scheme is doing good, and it is helping the exporters," the official said.

Exports venturing into uncharted territories of Africa, Central Asia, European regions: Commerce Ministry

Exports venturing into uncharted territories of Africa, Central Asia, European regions: Commerce Ministry

Sun, Feb 25, 2024

The "absolutely new markets" refer to areas where India did see any export during April-December 2022, but healthy growth of certain principal commodities like motor vehicles, two- and three-wheelers, petroleum products, sugar, gold and other precious jewellery were recorded in April-December 2023.

Government e-marketplace service procurement touches Rs 1.82 lakh crore so far in FY24

Government e-marketplace service procurement touches Rs 1.82 lakh crore so far in FY24

Fri, Feb 23, 2024

The trade ministry said that the total value of procurement of services now exceeds the total value of products procurement in a Financial Year which is an important milestone that indicates the faster acceptability of services by various buyers.

Mango exports up 19% to $47.98 million during April-August; US top destination

Mango exports up 19% to $47.98 million during April-August; US top destination

Fri, Oct 27, 2023

The other major destinations include Japan (43 tonnes), New Zealand (111 tonnes), Australia (58.42 tonnes), South Africa (4.44 tonnes), and Iran, Mauritius, Czech Republic, and Nigeria.

Commerce ministry to organise workshops on promoting exports through e-commerce

Commerce ministry to organise workshops on promoting exports through e-commerce

Fri, Sep 01, 2023

In addition to increasing awareness about e-commerce-related rules and processes, actions for capacity building and skill development for the promotion of exports through online medium is also mandated.

Commerce ministry issues guidelines for tyre makers

Commerce ministry issues guidelines for tyre makers

Tue, Aug 01, 2023

The commerce and industry ministry on Tuesday said it has proposed fresh guidelines for tyre makers that are committing to invest in India in new or existing projects for manufacturing tyres, imports of which are under restricted category.

Exports decline by 22% to USD 32.97 billion in June, steepest monthly fall in 3 years

Exports decline by 22% to USD 32.97 billion in June, steepest monthly fall in 3 years

Fri, Jul 14, 2023

India's exports contracted by 22 per cent, the steepest decline in the last three years, to USD 32.97 billion in June on account of global demand slowdown, especially in the Western markets like the US and Europe.

Commerce ministry authorises EPCMD to issue RCMC for exporters

Commerce ministry authorises EPCMD to issue RCMC for exporters

Fri, Jun 30, 2023

The commerce ministry has authorised the newly-established Export Promotion Council for Medical Devices (EPCMD) to issue registration-cum-membership certificates for exporters of specific items such as bandages and first-aid boxes.

Commerce Ministry asks export promotion councils to work on targets for 2023-24

Commerce Ministry asks export promotion councils to work on targets for 2023-24

Sun, Apr 30, 2023

India's goods and services exports together touched an all-time high of $770 billion last fiscal year.While merchandise exports touched $447 billion, services exports are estimated at about $322 billion.

US emerges as India's biggest trading partner in FY23 at $128.55 billion; China at second position

US emerges as India's biggest trading partner in FY23 at $128.55 billion; China at second position

Sun, Apr 16, 2023

According to the provisional data of the commerce ministry, the bilateral trade between India and the US has increased by 7.65 per cent to USD 128.55 in 2022-23 as against USD 119.5 billion in 2021-22. It was USD 80.51 billion in 2020-21.

Finance Ministry Sends Back 'DESH' Bill For SEZ To Commerce Ministry For Consideration: Source

Finance Ministry Sends Back 'DESH' Bill For SEZ To Commerce Ministry For Consideration: Source

Mon, Apr 03, 2023

According to the news quoting sources, the Finance Ministry has sent back the 'DESH' bill for SEZ to the Commerce Ministry for consideration. Know full news from Tarun Sharma.

Manmeet K Nanda appointed new MD & CEO of Invest India

Manmeet K Nanda appointed new MD & CEO of Invest India

Tue, Mar 21, 2023

In its meeting held on Monday, the board approved the appointment of Nanda, an IAS officer of the West Bengal Cadre of 2000 Batch, as the new MD and CEO, the Commerce Ministry said.

Sustainable growth needs collective effort: Piyush Goyal

Sustainable growth needs collective effort: Piyush Goyal

Thu, Mar 02, 2023

Addressing the India-Europe Business and Sustainability Conclave organised by industry body CII, Goyal said that the partnership between India and the European nations was important for ensuring sustainability and inclusive growth and making the world a better and safer place.

Closely monitoring imports of non-essential items: Commerce ministry

Closely monitoring imports of non-essential items: Commerce ministry

Fri, Dec 16, 2022

The line ministries would nominate nodal officers to coordinate with the department of commerce on the issue.

Commerce ministry shares Russia's list of goods for import from India with exporters

Commerce ministry shares Russia's list of goods for import from India with exporters

Wed, Dec 07, 2022

Russia, on which sanctions have been imposed by western countries due to its invasion of Ukraine, has shared a list of hundreds of items from sectors including pharmaceuticals, textiles, auto components, and chemicals.

Commerce ministry to release trade data once a month to provide clear picture of India's trade

Commerce ministry to release trade data once a month to provide clear picture of India's trade

Fri, Nov 04, 2022

The decision assumes significance as stark contrast between the preliminary and final export growth rate numbers was witnessed in the data for the month of September this year.

India's exports dip by 3.52% to $32.62 billion in September; trade deficit widens to $27.72 billion

India's exports dip by 3.52% to $32.62 billion in September; trade deficit widens to $27.72 billion

Tue, Oct 04, 2022

In August, the outbound shipments rose marginally by 1.62 per cent to USD 33.92 billion, while the trade deficit more than doubled to USD 27.98 billion due to increased crude oil imports.

India's trade deficit widens 139% to $27.98 billion in August

India's trade deficit widens 139% to $27.98 billion in August

Thu, Sep 15, 2022

According to Commerce Ministry data, India's merchandise exports went up by 1.62 per cent to $33.92 billion in August 2022 against $33.38 billion recorded in the corresponding period of last year.

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