Commerce Ministry | The Asian Age

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Govt has been taking continuous and sustained steps to bridge trade deficit by lowering the trade barriers for Indian exports to China.

India imposed anti-dumping duty on 99 Chinese products: Commerce Ministry

During April-December 20181-19, imports from China stood at USD 53.87 billion as against USD 76.38 billion in 2017-18.

04 Feb 2019 2:21 PM

India is pressing for exemption from high duty imposed by the US on certain steel and aluminium products.

India again defers duty hike on US products till January 31

According to a notification by the finance ministry, the implementation of the duty hike has been postponed until January 31, 2019.

18 Dec 2018 2:41 PM

India can grab a good share of the $10 million US exports of these products. (File Photo)

Agro exports can grow to USD 100 billion by 2022

Trade war between the US and China, direct export by SMEs can back the growth.

21 Nov 2018 10:01 AM

The commerce ministry's Indian Institute of Foreign Trade (IIFT) Wednesday said it has completed summer placements for its 2018-20 batch with an average stipend of Rs 1.48 lakh.

IIFT completes summer placements; average stipend at Rs 1.48 lakh

Summer placement this year has witnessed participation from a large number of companies.

17 Oct 2018 2:46 PM

Institutes providing education to non-resident Indians (NRIs) will be eligible to claim services export incentives under the commerce ministry's SEIS scheme. (Photo: Pixabay)

Institutes providing services to NRI students eligible for export incentives

Providers of eligible services are entitled to duty credit scrips on net foreign exchange earned under the SEIS.

08 Oct 2018 4:29 PM

The Commerce Ministry has given time till April next year to Directorate of Revenue Intelligence (DRI) and governments of Maharashtra and Tamil Nadu to complete the exports process of Red Sanders wood.

Commerce Ministry sets deadline to complete export process of red sanders

It is a valued item in traditional medicines and woodcraft across China, Myanmar, Japan and East Asia.

04 Oct 2018 2:47 PM

China has allowed imports of non-basmati rice from India and the first consignment of 100 tonnes will be shipped tomorrow from Nagpur, the commerce ministry said on Thursday.

India to export first consignment of non-basmati rice to China tomorrow

The consignment will be received by China National Cereals, Oils and Foodstuffs Corporation.

27 Sep 2018 2:28 PM

The finance ministry along with the Prime Minister’s Office (PMO) and the commerce ministry is learnt to have finalised a list of products, which would attract higher import duty under an action-plan by the government, to stem the fall of rupee.

Duty hike on many products soon to support Rupee

The new list is likely to be announced on Wednesday.

24 Sep 2018 2:47 PM

The commerce ministry's foreign trade arm DGFT has simplified the procedure for traders to avail export incentives under the MEIS scheme, a move aimed at promoting ease of doing business for exporters.

Commerce Ministry eases process for export incentives under MEIS scheme

Under Merchandise Exports from India Scheme, the govt provides duty benefits depending on the product and country.

16 Sep 2018 1:28 PM

The commerce ministry will soon seek Cabinet approval for its national logistics policy, which is aimed at promoting seamless movement of goods across the country and reducing high transaction cost of traders, an official said.

Commerce Ministry to seek Cabinet nod for national logistics policy

The proposed policy will also focus on increasing the warehousing capacity.

11 Sep 2018 4:17 PM

The country's buffalo meat exports grew 3.88 per cent to USD 1.18 billion during April-July period of the ongoing financial year, according to the data of APEDA. (Photo: Pixabay)

Buffalo meat exports up 4 per cent in April-July: APEDA

In volume terms, the exports increased to 3,84,096 tonne during the reported period as compared to 3,73,808 tonne in April-July, 2017-18.

29 Aug 2018 6:30 PM

India is eyeing the Chinese market that has been left vacant by the US owing to the trade tensions between the two world's biggest economies.

India capable of replacing US exports to China amid trade dispute

Government has directed its concerned departments to identify goods where it has a clear advantage in exports over US.

28 Aug 2018 2:35 PM

The government on Monday said it has received representations from trade bodies alleging irregularities in various aspects of the proposed acquisition of Flipkart by Walmart and that have been sent to concerned agencies for necessary action.

Depictions against Flipkart-Walmart deal sent to concerned department

In May, the US-based retailer Walmart Inc announced acquisition of 77 per cent stake in Flipkart in its biggest takeover till date.

06 Aug 2018 5:49 PM

A task force has been set up to identify various items and policy interventions for reducing the country's import dependence, the government said on Monday.

Task force set up to evaluate and curb import dependance, says govt

Some countries including Saudi Arabia and Kuwait have imposed ban on import of certain agricultural products.

30 Jul 2018 3:48 PM

The steel ministry said on Friday that India's steel exports to America are very low and hence the import tariff hike by the US will not pose any immediate threat to the domestic industry.

US tariff hike on steel no immediate threat to Indian players, says govt

The import tariff hike by the US will not pose any immediate threat to the domestic industry.

20 Jul 2018 5:07 PM

China announced it filed a World Trade Organisation challenge on Monday to US President Donald Trump's proposal for a tariff hike on USD 200 billion of Chinese goods.

China files WTO challenge to Donald Trump's USD 200 billion tariff hike

The one-sentence Commerce Ministry statement gave no legal grounds for the challenge or other details.

16 Jul 2018 3:36 PM

India looks to revive rupee payment system for Iran oil imports: sources

India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran.

23 Jun 2018 11:43 AM

Prime Minister Narendra Modi on Friday layed the foundation stone of Vanijya Bhawan.

Modi lays foundation stone of paperless office for Commerce Ministry

It will be a completely paperless office with modern facilities such as smart access control, video conferencing.

22 Jun 2018 12:40 PM

Modi to lay foundation stone for commerce ministry complex tomorrow

Narendra Modi will tomorrow lay the foundation stone of Vanijya Bhawan.

21 Jun 2018 4:36 PM

Govt may impose anti-dumping duty on Chinese polyester yarns

The government may impose anti-dumping duty of up to USD 528 per tonne for 5 years on a Chinese polyester yarn.

07 Jun 2018 2:54 PM

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Sunil Gatade