Category Archives: International Trade News

Govt plans to double edible oil production by 2022 to cut import dependence – Business Standard


Business Standard

Govt plans to double edible oil production by 2022 to cut import dependence
Business Standard
The central government has prepared a five-year schedule to double India's edible oil production and reduce import dependence, through expansion in sowing area and yield. At a recent rabi conference, the ministry of agriculture revealed the plan to ...

We’ll test new ideas in India, and export them to other geographies: Liam Condon, president, Bayer Crop Science – Business Today


Business Today

We'll test new ideas in India, and export them to other geographies: Liam Condon, president, Bayer Crop Science
Business Today
On August 21, 2018, Bayer Crop Science, a global crop protection major, kicked off a process to integrate the global seed behemoth Monsanto into its fold across geographies. This integration is some distance away in India and both continue to exist as ...

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Govt readies list of commodities for import tariff – Economic Times


Economic Times

Govt readies list of commodities for import tariff
Economic Times
... the government has drawn up a list of commodities for import tariff restrictions, say official sources. Further import duties on gold seem unlikely because of worries over a jump in smuggling. The move is in line with India's stated position that ...

Import duty on precious stones and Gems to be hiked, Gold to be spared says report – Sify News


Sify News

Import duty on precious stones and Gems to be hiked, Gold to be spared says report
Sify News
Rise in import duty for diamond and gems will also not be taken favourably by the Gem processors, especially the Gems and Export Promotion Council which has marketed India as the world's popular destination for Gems and Diamond Jewelry. Handful ...

Toyota and Mercedes-Benz Considering Price Hike in India in the Wake of Weakening Rupee – News18


News18

Toyota and Mercedes-Benz Considering Price Hike in India in the Wake of Weakening Rupee
News18
Japanese automaker Toyota and German luxury carmaker Mercedes-Benz are considering price hike in India in the wake of the weakening rupee. The value of rupee, hovering over 72 against the US dollar, has sparked concerns among auto companies.

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Fish import from Bangladesh to Tripura stopped for 20 days – Business Standard


Business Standard

Fish import from Bangladesh to Tripura stopped for 20 days
Business Standard
Meanwhile, an official of the Agartala Land Port Authority said that Bangladesh has reportedly lifted a 2012 ban on the export of their national fish hilsa (or Elish), whose key markets include India, to check its smuggling and tap into the growing ...

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India likely to raise import curbs on various items, gold to be spared: Government source – Moneycontrol.com


Moneycontrol.com

India likely to raise import curbs on various items, gold to be spared: Government source
Moneycontrol.com
India is likely to impose higher import duties on precious stones, certain types of steel and electronics but will spare gold to prevent smuggling, a finance ministry official told reporters on Monday. The official, who didn't want to be named, said ...
India likely to raise import curbs on various items, gold to be sparedEconomic Times
India eyes higher import duties on key items, but will spare gold: officialReuters
India may raise import curbs on various items, gold to be spared: ReportTimes Now
Times of India
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Government plans import curbs to check rupee fall – Times of India


Times of India

Government plans import curbs to check rupee fall
Times of India
NEW DELHI: The government will “very soon” implement the second set of measures including curbs on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, economic affairs secretary Subhash Chandra Garg said, terming the ...
Import curbs may cool rupee to 68-70/$, says DEA Secretary GargMoneycontrol.com
QBiz: 5G Spectrum Auction in 2019; Import Curbs to Bring Rupee UpThe Quint

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Sagging rupee may spur price hike by Toyota, Merc – Times of India


Financial Express

Sagging rupee may spur price hike by Toyota, Merc
Times of India
New Delhi, Sep 23 () Japanese automaker Toyota and German luxury carmaker Mercedes-Benz are considering price hike in India in the wake of the weakening rupee. The value of rupee, hovering over 72 against the US dollar, has sparked ... When asked if ...
Sagging rupee may spur price hike by Toyota, MercedesThe New Indian Express

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Rupee approaching inflection point, likely to recover with key hurdle at 74/$ – Moneycontrol.com


Moneycontrol.com

Rupee approaching inflection point, likely to recover with key hurdle at 74/$
Moneycontrol.com
India's current import cover is high (almost at 10 month) versus 2013 reading of 6.7 in August 2013. Also, India has sufficient ... The recent rupee depreciation is unjustifiable as India's surplus is in services export, which is not targeted in the ...
Free fallThe Indian Express
Slip sliding on the rupeeIndia Today

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This week in Auto: Govt eases vehicle import norms, Tata Motors m-cap below two-wheeler companies – Moneycontrol.com


Moneycontrol.com

This week in Auto: Govt eases vehicle import norms, Tata Motors m-cap below two-wheeler companies
Moneycontrol.com
As India continues to mature in formulating buying trends, especially for automobiles, the government too seems to be in sync with the buyers and vehicle-making companies. From stricter emission guidance to pushing electric vehicles and other alternate ...

PM lays foundation stone for Rs 13k cr Talcher fertiliser project – Times of India


Times of India

PM lays foundation stone for Rs 13k cr Talcher fertiliser project
Times of India
Noting that the project will help cut import of natural gas and fertiliser and make India self-reliant, he said, "Our aim is to take India to new heights of growth." Projects like the fertiliser plant here are central to India's growth story, the prime ...
PM Modi in Odisha, begins work on Rs 13000 crore Talcher fertiliser plant revivalLivemint

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RFID: A Disruptive Technology in Asset Identification & Tracking Revolutionizing Supply Chain Functions

Rapid identification technologies have led to a better handling of raw materials / inputs and finished products in the Supply Chain.  In the past few years Radio Frequency Identification (RFID) has grown to be one of the most popular technologies in the area of identification systems and today it’s a disruptive technology in Asset Identification and Tracking.

9 easy charts: Tell India’s rising import/export deficit story – Financial Express


Financial Express

9 easy charts: Tell India's rising import/export deficit story
Financial Express
India's current account deficit (CAD) widened to $15.8 billion, or 2.4% of GDP, in the first quarter of the current financial year, on the back of surging global oil prices, rising non-oil imports and a depreciating rupee. Trade deficit, too, widened ...

How India can become the manufacturing capital of the world – Economic Times


Economic Times

How India can become the manufacturing capital of the world
Economic Times
The government can replicate best practices from these countries to improve India's ranking on competitiveness. Incentives for export of electronic goods will also help. The government's phased manufacturing programme is trying to move electronics ...

Government Eases Import Norms for Certain Categories of Motor Vehicles in India – News18


News18

Government Eases Import Norms for Certain Categories of Motor Vehicles in India
News18
The government has eased norms for import of 2,500 motor vehicles of certain categories annually, according to the Ministry of Road Transport and Highways. The decision has been taken by amending the Central Motor Vehicles Rules 1989 in accordance ...
Govt eases import norms for motor vehicles of certain categoriesTIMESOFINDIA (satire) (press release) (blog)

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India urges China to drop meal import ban – UkrAgroConsult


UkrAgroConsult

India urges China to drop meal import ban
UkrAgroConsult
“Despite a few rounds of negotiations, unfortunately, there is no clarity at all about the procedure that Indian traders have to follow to export rapeseed meal to China,” said B. V. Mehta, executive director of the Solvent Extractors' Association of ...
India's rapeseed, soybean farmers can reap benefits from US-China trade warTimes of India

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