Thursday, Jun 30, 2022
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Current Account Slips Into Deficit, At 1.2% In FY22 On Wider Trade Gap

Current Account Slips Into Deficit, At 1.2% In FY22 On Wider Trade Gap

In absolute terms, the deficit for FY22 came at $38.7 billion as against a surplus of $24 billion in the year-ago period, data released by the RBI showed

23 June 2022
Duty On Solar Modules, Cells To Continue; Don't Want Imports: Power Minister

Duty On Solar Modules, Cells To Continue; Don't Want Imports: Power Minister

Last year, the government had announced imposing 40 per cent BCD on solar modules and 25 per cent on solar cells with effect from April 1, 2022

10 June 2022

Exports Up 24.18% to $9.4 Billion During June 1-7

Gems and jewellery, engineering, petroleum products, and electronic goods' exports increased by 84.3 per cent, 25.7 per cent, 20.4 per cent and 73.5 per cent,...

Centre Exempts Customs Duty, Agri Cess On Edible Oil Import To Ease Inflation's Effect

Centre Exempts Customs Duty, Agri Cess On Edible Oil Import To Ease Inflation's Effect

In April, the edible oil inflation remained in double digits for the 29th consecutive month, as per a report.

24 May 2022

Exports Surge 21% to $23.7 Billion In May So Far

During the second week of this month (May 15-21), the exports grew by about 24 per cent to $8.03 billion, the official added.

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04 May 2022
Indian Services Exports At Record High $254.4 Billion In FY2021-22

Indian Services Exports At Record High $254.4 Billion In FY2021-22

Telecommunications, computer, and information services, other business services, and transport are the top contributors to the exports.


04 May 2022
Amazon Doubles Cumulative Export Target From India To $20 Billion By 2025

Amazon Doubles Cumulative Export Target From India To $20 Billion By 2025

In January 2020, the company had set a target to facilitate export worth $10 billion by 2025. 


24 April 2022
60% Of Indian Exporters Received Payments Of Shipments From Russia: Official

60% Of Indian Exporters Received Payments Of Shipments From Russia: Official

Federation of Indian Export Organisations (FIEO) had shared with the Directorate General of Foreign Trade (DGFT) in March that Indian exporters have payments...


20 April 2022
Japan Logs Trade Deficit In March In Weak Yen, Costly Oil

Japan Logs Trade Deficit In March In Weak Yen, Costly Oil

The weaker yen helps make Japanese exports more competitive overseas and fattens profits when they are converted from dollars to yen, but it also raises costs...


12 April 2022
Steel Ministry Seeks Duty-Free Import Of Ferronickel

Steel Ministry Seeks Duty-Free Import Of Ferronickel

The domestic stainless steel manufacturing industry meets the bulk of its nickel requirements through ferronickel and stainless steel scrap.


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06 April 2022
IEX's Trade Volume Jumps 38% In Fiscal FY2021-22

IEX's Trade Volume Jumps 38% In Fiscal FY2021-22

The Term-Ahead Market, comprising intra-day, contingency, daily and weekly contracts, traded 823 MUs in March, which is a Y-o-Y growth of 251 per cent. 


06 April 2022
India, Australia Should Look At $100 Billion Bilateral Trade By 2030, Says Piyush Goyal

India, Australia Should Look At $100 Billion Bilateral Trade By 2030, Says Piyush Goyal

Goyal, who is in Australia on a three-day visit, said that both the countries are already at an advanced stage of entering into an agreement for greater...


04 April 2022
India's Trade Deficit Rises 88% In FY22: Govt Data

India's Trade Deficit Rises 88% In FY22: Govt Data

While total exports during last fiscal year increased to a record high of $417.81 billion, imports too soared to $610.22 billion, leaving a trade gap of...


31 March 2022
Centre's Fiscal Deficit Touched 82.7% Of Full Year Target At End Of February

Centre's Fiscal Deficit Touched 82.7% Of Full Year Target At End Of February

In the last financial year, the fiscal deficit or gap between the expenditure and revenue was 76 per cent of the Revised Estiamate (RE) of 2020-21.


27 March 2022
GAIL Continues To Pay For Russian LNG Imports In US Dollar

GAIL Continues To Pay For Russian LNG Imports In US Dollar

GAIL has a deal to receive 2.5 million tonnes of liquefied natural gas (LNG) annually on a delivered basis from Russia's Gazprom.


24 March 2022
$400 Billion Merchandise Exports Is A Great Achievement, But Can India Sustain This Growth?

$400 Billion Merchandise Exports Is A Great Achievement, But Can India Sustain This Growth?

Even before the pandemic (FY15-FY20) India’s export competitiveness was being questioned as merchandise shipments from the country grew at a meagre 0.19 per...


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16 March 2022
India Likely To Buy 'Discounted' Russian Oil Soon: Sources

India Likely To Buy 'Discounted' Russian Oil Soon: Sources

As a part of the deal, Russia will also take care of shipping and insurance for delivering the crude to India


14 March 2022
Exports Up 25.1% To $34.57 Billion; Trade Deficit Widens To $20.88 Billion In February

Exports Up 25.1% To $34.57 Billion; Trade Deficit Widens To $20.88 Billion In February

Imports during the month too jumped 36 per cent to $55.45 billion, with inbound shipments of petroleum and crude oil surging 69 per cent to $15.28 billion.


12 March 2022
Exports Cross $380 Billion This Fiscal So Far; Likely To Hit $410 Billion In FY22: Piyush Goyal

Exports Cross $380 Billion This Fiscal So Far; Likely To Hit $410 Billion In FY22: Piyush Goyal

Talking about the India-Canada relationship, he said this economic partnership will strengthen efforts to take economic ties to the next level


11 March 2022
Coal Imports From Russia Could Be Highest In Over Two Years In March: Report

Coal Imports From Russia Could Be Highest In Over Two Years In March: Report

About 8,70,000 tonnes of coking coal are either already delivered or are expected to get delivered in India by March 20. This will be the highest since April...


06 March 2022
India Suggests Holding Discussions At WTO On Role Of E-commerce During Covid-19 Pandemic

India Suggests Holding Discussions At WTO On Role Of E-commerce During Covid-19 Pandemic

WTO is a 164-member multilateral body that formulates rules for global exports and imports and adjudicates disputes between two or more than two countries on...


02 March 2022
Ukraine Crisis: India's Defence Dependence On Russia Complicates Calls For Realignment

Ukraine Crisis: India's Defence Dependence On Russia Complicates Calls For Realignment

Several nations are realigning their foreign policies vis-a-vis Russia, but up to 70 per cent of India's defence equipment is Russian. This complicates calls...


01 March 2022
How The Russia-Ukraine War Could Impact India's Export Import Sectors

How The Russia-Ukraine War Could Impact India's Export Import Sectors

The ongoing war has caused the Indian rupee to depreciate further against the US dollar. Exporters will benefit but the import bill will increase.


27 February 2022
India's Oil Import Bill To Top $100 Billion In FY2021-22, Says Report

India's Oil Import Bill To Top $100 Billion In FY2021-22, Says Report

India spent $94.3 billion in the first 10 months (April-January) of the ongoing financial year that started April 1, 2021.


25 February 2022
India Halts Sunflower Oil Imports As Russia-Ukraine Conflict Escalates: Report

India Halts Sunflower Oil Imports As Russia-Ukraine Conflict Escalates: Report

Ukraine and Russia are the major suppliers of sunflower oil, with India importing approximately 90 per cent of sunflower oil from Russia and Ukraine.


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