imports

New Delhi [India], India's oilmeal exports witnessed a significant decline of 17 per cent in the first two months of the financial year 2024-25, indicating wider issues in the agri trade sector.Recent data from Solvent Extractors Association of India (SEA) showed that India exported 7.67 lakh...

New Delhi, India has the option to propose imposition of retaliatory customs duty under WTO norms on imported goods of a certain value from the EU after the two sides failed to reach a consensus on EU safeguard measures on certain steel products. Have been. , an official has said.The European...

New Delhi: India's gold and silver imports from its free trade agreement (FTA) partner UAE are set to increase by 210 per cent to USD 10.7 billion in 2023-24 and it is looking at concessional customs duty rates under the agreement to reduce this. Possibly needs to be modified. A report Monday...

New Delhi [India], The Indian rupee experienced significant volatility in June, mainly due to the impact of elections, foreign portfolio investor (FPI) outflows and rising oil prices, which collectively weighed against the rupee. Strengthened the US dollar. A report by Bank of Baroda.Despite...

New Delhi: India's coal imports rose 13.2 per cent to 26.10 million tonnes (MT) in April 2024 as buyers made fresh purchases amid the onset of summer.According to data compiled by B2B e-commerce company mJunction Services Ltd, the country had imported 23.05 metric tonnes of coal in the...

Colombo, Sri Lanka has submitted a roadmap to the IMF to ease restrictions on vehicle imports by 2025, which has a direct impact on foreign exchange reserves, Minister of State for Finance Ranjith Siyambalapitiya said on Saturday."Authorities have developed a preliminary roadmap to ease...

New Delhi: India's imports from Iraq rose 58.68 per cent to USD 3.76 billion in May, while the country's imports from the UAE rose nearly 50 per cent in the month, according to commerce ministry data.Similarly, due to oil import from Russia, imports increased by 18 percent to US $ 7.1 billion...

New Delhi: India's merchandise exports rose 9.1 percent to US $ 38.13 billion in May, while trade deficit widened to a seven-month high of US $ 23.78 billion during the month, according to government data.Healthy growth in sectors such as engineering, electronics, pharmaceuticals, textiles and...

"Things are looking optimistic for the trade sector with an increase in exports in May due to increase in outbound shipments of pharmaceutical products, engineering goods and others," Commerce Secretary Sunil Barthwal said."Increased shipments to the US helped goods exports. Inflation in...

New Delhi: India's merchandise exports increased by 9 percent to US $ 38.13 billion in May 2024 from US $ 34.95 billion in the same month a year ago, according to government data released on Friday.Imports also increased by 7.7 percent to US$ 61.91 billion from US$ 57.48 billion in May 2023...

New Delhi, G Kishan Reddy on Thursday took charge as Coal and Mines Minister and said India should increase domestic production of the fossil-fuel and reduce coal imports.In the previous Narendra Modi government, both the ministries were headed by Pralhad Joshi.Joshi, who is the Minister of...

NEW DELHI: India's palm oil imports rose 74 per cent to 7,63,300 tonnes in May this year from 4,39,173 tonnes in the year-ago period, as the world's biggest vegetable oil buyer tapped rising domestic demand, boosting the industry. Commodity was stocked for completion. The body Solvent Extractors...

New Delhi, GTRI on Thursday said implementation of key strategic reforms such as simplification of customs structure, GST and de-incentivising low value-added electric vehicles will help India ensure its sustainable growth and inclusive growth.Economic think tank Global Trade Research...

Washington [US], Electric vehicle maker Tesla has asked the European Union to impose lower tariffs on its cars than other manufacturers shipping from China, Bloomberg reports.Tesla, by and large, imports EVs into the EU from its China factory in Shanghai. The company's Shanghai Gigafactory is...

New Delhi: The government on Tuesday imposed an import ban on certain types of studded gold jewellery, a move that may discourage incoming shipments of these items from Indonesia and Tanzania.However, the Directorate General of Foreign Trade (DGFT) said imports under the valid India-UAE free...

New Delhi [India], India Ratings and Research (Ind-Ra) estimates India's current account balance (CAB) to reach a surplus of about US$6 billion (0.6 per cent of GDP) in Q4FY2024. 4QFY24).This is the first surplus since the first quarter of fiscal year 2022 (1QFY22), a significant turnaround...

Benchmark Brent oil futures for August fell to $77.50 on Wednesday, while July crude futures on WTI (West Texas Intermediate) were at $73.22.For the first time since February 7, oil prices have fallen below $80 per barrel. This bodes well for the Indian economy as the country imports about 85...

New Delhi [India], Taking the latest cue from the US after imposing higher tariffs on various imports from China, CareAge Ratings believes other countries may also follow suit to protect their respective domestic industries " The impact on China's growth will be limited as the tariffs will cover...

New Delhi: India has recorded a trade deficit, the gap between imports and exports, with nine of its top 10 trading partners, including China, Russia Singapore and Korea, in 2023-24, according to official data.The data also showed that the deficit with China, Russia, Korea and Hong Kong...

New Delhi: Imports of paper and paperboard in the country are set to rise by 34 per cent to 19.3 lakh tonnes in 2023-24 due to higher shipments from ASEAN countries, an industry association said on Wednesday.The Indian Paper Manufacturers Association (IPMA) said in a statement that the...