Category Archives: International Trade News

India Put up 55 Blocks on Auction for Oil, Gas Exploration – News18


News18

India Put up 55 Blocks on Auction for Oil, Gas Exploration
News18
Prime Minister Narendra Modi has set a target of cutting oil import bill by 10 per cent to 67 per cent by 2022 and to half by 2030. PTI. Updated:January 18, 2018, 11:25 PM IST. facebook · Twitter · google skype whatsapp. India Put up 55 Blocks on ...
India Starts Biggest Oilfield Auction In Eight YearsBloombergQuint
India To Auction 55 Oil, Gas Exploration BlocksE&P

all 14 news articles »

US, EU, Japan object to India raising Duty on electronics – Economic Times


Economic Times

US, EU, Japan object to India raising Duty on electronics
Economic Times
The EU, Japan and the US have objected to India's move of raising import duties on mobile phones, TVs and projectors. They have sought an explanation from India at the World Trade Organization (WTO) as under the Information Technology Agreement (ITA ...

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‘Govt. to help diversify export basket further’ – The Hindu


United News of India

'Govt. to help diversify export basket further'
The Hindu
The government is working on a marketing strategy to further diversify India's overall export basket, Commerce Minister Suresh Prabhu said on Thursday. He also said that the government was planning to introduce specific measures to ensure that India ...
New marketing strategy to diversify export basket on anvil, reasons PrabhuDaily Pioneer
Govt working on strategy to diversify export basket: PrabhuUnited News of India
Working on strategy to diversify export basket: Suresh PrabhuEconomic Times
BW Businessworld -Deccan Herald -News18
all 31 news articles »

Government to consider hike in sugar import duty, cut export duty – Moneycontrol.com


Moneycontrol.com

Government to consider hike in sugar import duty, cut export duty
Moneycontrol.com
India's sugar production has been revised upward by 4 percent to Rs 26.1 million tonnes for the 2017-18 season. PTI @moneycontrolcom. The government today said it will take appropriate steps to curb sugar imports and facilitate surplus exports in order ...

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Government to consider hike in sugar import duty, cut export duty – Economic Times


Economic Times

Government to consider hike in sugar import duty, cut export duty
Economic Times
NEW DELHI: The government today said it will take appropriate steps to curb sugar imports and facilitate surplus exports in order to check falling wholesale prices of sweetener and ensure timely payment to cane farmers. Sugar industry bodies ISMA and ...

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Govt working on strategy to diversify export basket: Prabhu – United News of India


Economic Times

Govt working on strategy to diversify export basket: Prabhu
United News of India
Govt working on strategy to diversify export basket: Prabhu. New Delhi, Jan 18 (UNI) Union Minister for Commerce and Industry Suresh Prabhu said on Thursday that the government is working on a strategy on the diversification of India's export basket in ...
Indian Food Market Expected To Cross USD 540 Billion By 2020- Suresh Prabhu, Union Minister For Commerce ...BW Businessworld
Working on strategy to diversify export basket: Suresh PrabhuEconomic Times
At Davos, We Expect Investments to Come to India in a Big Way: Suresh PrabhuNews18

all 23 news articles »

Sugar production to be up by 4%; exports possible, says ISMA – Economic Times


Economic Times

Sugar production to be up by 4%; exports possible, says ISMA
Economic Times
Therefore, as per the revised estimates of 261 lac tons of sugar production, India can export some of the additional stocks within the current season itself. Considering the additional sugar availability expected in the current season of around 10-11 ...
Sugar output revised upward by 4%; ISMA seeks import duty hikeOutlook India
ISMA raises sugar output estimate by 4% to 26 mn tonnes due to good monsoonBusiness Standard
Millers seeks 100 per cent duty on imported sugarUnited News of India

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High export duty of 30% deny Indian players edge in chrome ore trade – Business Standard


Business Standard

High export duty of 30% deny Indian players edge in chrome ore trade
Business Standard
A steep export duty of 30 per cent has made exports of low-grade chrome ore and chrome concentrates from the country unviable. This has led to African countries such as South Africa and Gabon stealing a march over India in seaborne chrome trade. Until ...

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India Steel Ministry Seeks Abolition of Met Coal Import Tax – Bloomberg


India Steel Ministry Seeks Abolition of Met Coal Import Tax
Bloomberg
India's steel ministry is seeking to remove import tax on coking coal to soften the impact of rising costs on users of the key steel-making fuel and promote production of the alloy that's crucial for Prime Minister Narendra Modi's plan to boost ...

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Export Promotion Council for EOUs and SEZs Celebrated its 15th – BW Businessworld


Export Promotion Council for EOUs and SEZs Celebrated its 15th
BW Businessworld
Export Promotion Council for EOUs & SEZs (EPCES) has been set up to service the export promotional needs of 100% Export Oriented Units (EOUs), Special Economic Zone (SEZ) Units and Special Economic Zone Developers in the country. Recognized by the ...

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Indian Oil planning to enhance fuel trade with Bangladesh, Myanmar – Economic Times


Economic Times

Indian Oil planning to enhance fuel trade with Bangladesh, Myanmar
Economic Times
The first thing that may materialise in a month or so is a deal for liquefied petroleum gas (LPG), or cooking gas, under which Bangladesh would export LPG to India's northeastern states. "We are working on concepts that their trucks can come to India ...

SIAM Seeks R&D Incentive in Budget, Support For EV Parts Import – The Quint


The Quint

SIAM Seeks R&D Incentive in Budget, Support For EV Parts Import
The Quint
On electric vehicles, he said the industry has said that imported systems and components that are not made in India must be put under the preferential import tariff list. "Already there is a list and we have added more components to it," Sen said. SIAM ...
What the auto sector expects from the 2018 budgetEconomic Times

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EU curbs on fungicide use threaten basmati exports – Hindu Business Line


Hindu Business Line

EU curbs on fungicide use threaten basmati exports
Hindu Business Line
In the April-November 2017 period, India's total export of basmati was to the tune of $2.61 billion. Of this about $331 million of the aromatic rice was shipped to the EU, while the US bought basmati rice worth $120 million. The problems for Indian ...

India’s MoD approves import of assault rifles and carbines – IHS Jane’s 360


India's MoD approves import of assault rifles and carbines
IHS Jane's 360
India's Ministry of Defence (MoD) has approved the long-delayed procurement of 72,400 assault rifles and 93,895 close-quarter-battle (CQB) carbines for the Indian Army (IA) in a deal worth INR35.47 billion (USD553.33 million). The MoD's Defence ...