Govt plans to double edible oil production by 2022 to cut import dependence
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 ...
Category Archives: International Trade News
We’ll test new ideas in India, and export them to other geographies: Liam Condon, president, Bayer Crop Science – Business Today
We'll test new ideas in India, and export them to other geographies: Liam Condon, president, Bayer Crop Science
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 ...
Govt readies list of commodities for import tariff
... 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
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
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.
Fish import from Bangladesh to Tripura stopped for 20 days
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 ...
India likely to raise import curbs on various items, gold to be spared: Government source – Moneycontrol.com
India likely to raise import curbs on various items, gold to be spared: Government source
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 spared
India eyes higher import duties on key items, but will spare gold: official
India may raise import curbs on various items, gold to be spared: Report
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/$, says DEA Secretary Garg
QBiz: 5G Spectrum Auction in 2019; Import Curbs to Bring Rupee Up
Govt draws up ₹ 1500 crore plan to boost agri exports
New Delhi: The commerce ministry is planning to invest ₹ 1,500 crore to develop 40 export-oriented clusters under the proposed agriculture export policy. The move is part of the government's short- and long-term initiatives to boost exports and curb ...
Sagging rupee may spur price hike by Toyota, Merc
Times of India
New Delhi, Sep 23 () Japanese automaker Toyota and German luxury carmaker Mercedes-Benz are considering price hike in India in the wake of the weakening rupee. The value of rupee, hovering over 72 against the US dollar, has sparked ... When asked if ...
Sagging rupee may spur price hike by Toyota, Mercedes
FEMA regulates, prohibits and restricts acceptance of deposits by Person Resident in India from a Person Resident outside India (PROI) and prescribes maintenance of accounts in India by PROI. This article provides an insight to the same.
Rupee approaching inflection point, likely to recover with key hurdle at 74/$
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 ...
Slip sliding on the rupee
This week in Auto: Govt eases vehicle import norms, Tata Motors m-cap below two-wheeler companies – Moneycontrol.com
This week in Auto: Govt eases vehicle import norms, Tata Motors m-cap below two-wheeler companies
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 ...
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 revival
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.
Relaxed import norms divide auto cos
Times of India
NEW DELHI: The government's decision to allow auto makers to import 2,500 units of vehicles without any homologation (road worthiness certificate) has divided the companies, with industry body Siam objecting to the relaxation, saying it creates “unfair ...
9 easy charts: Tell India's rising import/export deficit story
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
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
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 categories
India urges China to drop meal import ban
“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 war