APL INDIALINX

NEW DELHI: Pakistan's textile ministry has demanded that homegrown producers be given wider access to the Indian market before allowing goods from across the border. But India is not ready to grant special concession to Pakistani textiles until...

The Federation of Indian Chambers of Commerce and Industry (FICCI) has prepared a pre-budget memorandum eliciting demands for the food processing and agriculture sectors in view of the presentation of the Union Budget 2012-13. The Budget will be...

NEW DELHI, Feb. 19 (Xinhua) -- The Indian government will impose up to 19 percent tariff on imported power equipment with a clear aim to benefit domestic manufacturers, reported local daily Indian Express Sunday. A mandatory domestic procurement...

The value of foreign investments sought in December 2011 dropped to a fourth of those in November 2011. That's quite a contrast with the continuous increase in the value of FDI proposals reaching the Foreign Investment Promotion Board (FIPB) in the...

The value of foreign investments sought in December 2011 dropped to a fourth of those in November 2011. That's quite a contrast with the continuous increase in the value of FDI proposals reaching the Foreign Investment Promotion Board (FIPB) in the...

The government is all set to roll out the estimated Rs 1 lakh crore Food Security Bill in the next fiscal year, which is likely to be a vote-winner for the UPA in the next general election in 2014, similar to what happened in 2009 when the NREGA...

BEIJING/NEW DELHI: India, China and Japan are planning cuts of at least 10 per cent in Iranian crude imports as tightening US sanctions make it difficult for the top Asian buyers to keep doing business with the OPEC producer. The countries...

NEW DELHI: India may impose an anti-dumping duty of up to USD 194.5 per tonne on a chemical, used in beverages and pharmaceutical industry, imported from Israel and Taiwan, to protect domestic players against damages from cheap rivals. The...

India is poised to surpass China as the world’s biggest thermal coal importer as the government seeks supplies for power producers that have halted plans for $36 billion of new plants because of a fuel shortage. Purchases from abroad may exceed...

Brian Clancey of STAT, which also tracks global pulses prices and forecasts global production levels, said that India’s pulses production apparently is up this year. But whether India will be able to sustain the high level of production is a...

Washington, Feb 15 (PTI) India is expected to replace China as the world''s largest soybean oil importer, the US Department of Agriculture said and projected India can become the third largest rice exporter by 2012. "India is projected to replace...

Exporters must sell value-added products if India's exports should hit $ 300 billion-mark by the end of this financial year and $ 500 billion in two years, said Anup K. Pujari, Director General Foreign Trade (DGFT), Union Ministry of Commerce, here...

With the upcoming Budget round the corner, Som Mittal, president of India’s IT and BPO services industry body, Nasscom says removal of Minimum Alternate Tax on Special Economic Zones and simplification of tax strategies top the list of his Budget...

Growing at a compound annual growth rate (CAGR) of about 15 percent, the Indian footwear industry is likely to reach approximately Rs 38,700 crore by 2015 from the current level of around Rs 22,000 crore, according to a study titled ‘Indian Footwear...

NEW DELHI: Prime Minister Manmohan Singh has directed Coal India Ltd (CIL) to import coal to ensure supplies for 20 years to 50,000-mw power plants that are proposed to be commissioned by March 2015, a government statement said, cheering...

Moscow—According to a report released by Novosti Press, Russia has ranked 2nd biggest global arms exporter. The report quoted head of the Federal Service for Military-Technical Cooperation Mikhail Dmitriyev as saying that Russia sold $13.2 billion...

India is likely to import 2.75-2.80 million tonnes of pulses in the current financial year, slightly higher compared with last year's 2.6 million tonnes, Mr Rajiv Agarwal, Secretary, Ministry of Consumer Affairs, Food and Public Distribution, said...

Coal India Ltd. (COAL), the world’s biggest producer of the commodity, may revive plans to import the fuel to comply with Prime Minister Manmohan Singh’s order to increase supplies to utilities and avoid paying penalties. “Coal India will have to...

According to officials in the commerce and industry ministry, the finance ministry will certainly discuss the issue with the home ministry before taking a final decision. “It will not require an amendment to the Act. A notification will suffice...

NEW DELHI: FICCI in its pre-budget memorandum has given the following recommendations for the Biotechnology industry Large scale Monoclonal Anti bodies (mAb) plants such as 5000 L or more in scale are expensive to setup as most equipments that go...

NEW DELHI: The government on Tuesday decided to allow the export of more sugar and non-basmati rice, and lower the floor price of basmati exports to boost farm trade. The panel of Empowered Group of Ministers (EGoM) on food agreed to allow export...

INDORE: The decision of the garment traders to import garments from Bangladesh, has left them in jittery situation. Imports will badly affect the garment industry in the state as the cost of production and labour costs here are much higher as...

The bilateral goods and services trade between India and the US is expected to cross a record $100 billion this year, the US Ambassador-designate to India Nancy Powell has said. Testifying before the Senate Foreign Relations Committee yesterday,...

As part of confidence building measure between the industry and the government, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) recently organised a high level interactive session in Mumbai for the benefit of the industry. It...

Apex industry associations have opposed the possible imposition of a commodities transaction tax (CTT) in the forthcoming budget for fiscal 2012-13. There is speculation that the government is planning to cut securities transaction tax (STT) to...

NEW DELHI: The government is scrutinizing the foreign trade policy to weed out provisions that give discretion to the authorities or are ambiguously framed. "The policy is inadvertently worded in a way that it is open to interpretation of...

Since 2007, India and the European Union have been negotiating a comprehensive free trade agreement — officially known as Bilateral Trade and Investment Agreement (BTIA) — covering trade in goods and services besides rules pertaining to cross-border...

The Empowered Group of Ministers (EGoM) on food on Tuesday decided to allow an additional export of one million tonnes of sugar. Under pressure to reduce the minimum export price (MEP) of onion to allow more exports, the EGoM has decided to set up...

India’s merchandise trade has started to show signs of improvement in the last quarter with slow recovery in US. However, merchandise exports like engineering goods and apparels meant largely for European markets continue to see slowing...

New Delhi: India plans to raise exports to Iran as Europe and the US shun the West Asian country after imposing sanctions against the Islamic nation for its controversial nuclear programme, according to a senior commerce ministry official. The...

09 February 2012 India and China have set a bilateral trade target of $100 billion by 2015, against last year's record figure of $74 billion, even as the two countries pledged to carry forward the momentum of bilateral trade. India will...

India’s exports for the month of January 2012 have registered a growth of 10.1%, at US$ 25.4 billion. Imports for the January 2012 were US $ 40.1 billion with a growth of 20.3%. Balance of Trade stood at US $ (-) 14.7 billion during January 2012....

NEW DELHI: Pakistan is unhappy with India for "not addressing'' its concerns on removing non-tariff barriers ahead of a crucial ministerial next week, but New Delhi said the delay was purely procedural. Commerce minister Anand Sharma is scheduled...

India’s merchandise exports returned to double-digit growth in January after two months, raising hopes that the government may be able to achieve the $300 billion (Rs.14.8 trillion) export target for the current financial year. However, commerce...

  NEW DELHI (Reuters) - India's iron ore exports will recover from this year's depressed levels but will not rise above 100 million tonnes, the country's mining secretary said, as a crackdown on illegal sales pays...

India's New Manufacturing Policy aims to create 100 million jobs in 15 years; grow manufacturing about 3% faster than GDP so that its contribution to GDP can increase from 16% to 25%; and increase technological depth and value addition in India's...

NEW DELHI: Against the backdrop of Commerce Ministry preparing the India's Foreign Trade Policy, CII has suggested measures that would aid in achieving the USD 500-billion exports target by 2014-15. The industry body has demanded for inclusion of...

New Delhi, Feb 12: India's handicrafts exports grew by 24 per cent year-on-year to USD 178 million in January on account of rising demand from markets like the US. In January last year, these exports stood at USD 143 million, according to the...

NEW DELHI: Bicycle makers have asked the government to exclude the product from proposed Goods and Services Tax (GST) and has demanded withdrawal of all current duties, which stands at around 12 per cent, to promote the 'common man's'...

Thai rice exporters are starting to suffer from an inability to export to the global market and some may cease operating if sales don't improve in the next six months, say industry executives. The Thai industry is facing a severe challenge from...

The Association of Biotechnology Led Entrepreneurs (ABLE) has sought several fiscal and tax incentives from the Union Budget, which is to be presented by finance minister Pranab Mukherjee in mid-March, as the budgetary support from the government is...

MUMBAI: Alstom Group plans to ramp up exports from its Indian manufacturing units to deal with the slowdown in the local market, the company's global chief executive said. In the last few years, the France-based infrastructure solutions provider...

NEW DELHI: The government has run up fiscal deficit of 92.3% of its budget estimates in the first nine months of the current year, primarily due to lukewarm tax collections. The figures indicate that the government will not be able to meet its...

NEW DELHI: Policymakers have begun talks on raising indirect taxes and withdrawing the last remnants of the 2008 stimulus, as the government comes under fire for not tackling the rising fiscal deficit. "There is a thinking within some sections in...

General Electric, the $147-billion US multinational, has opposed the government’s plan to impose duty on power equipment imports, stating this would jeopardise its prospects in India vis-a-vis other European companies. In a letter to Nirupama...

India's largest power generation company NTPC today said it is not in favour of ramping up its coal imports as this would escalate the cost of electricity. "What happens is that mixing of imported coal increases the price of power. Unless there...

New Delhi, Jan 31: Get ready to pay more for goods and services, as general excise duty and service tax may be hiked to the 2008-level in the Budget. Also, the fiscal deficit target for 2012-13 expected to be kept around 5 per cent. “The...

KOLKATA: Faced with the economic slowdown in the US and Europe, and stiff competition from cheaper Chinese products, Indian silk exporters are looking at new markets in Southeast Asia, South Africa and the Scandinavian countries. And they are...

The investment by Indian companies in Bangladesh garment sector is bound to surge as Indian firms try to take advantage of the lower production cost in the neighbouring country. It is estimated that Indian textile and garment companies have...

NEW DELHI: India’s exports grew by 6.71 per cent to $25.01 billion in December, while imports surged to $37.75 billion, leaving a monthly trade deficit of $12.74 billion, official data showed on Wednesday. Although the growth in exports in...

The charter of the proposed National Food Security Bill (NFSB) is reminiscent of the socialistic era from the 1960s through the 1980s where the state decided how much a person needed and at what price that should be made available, irrespective of...

The one-day Indian Exporters’ conclave, to be held in Mangalore on February 13, under the aegis of the Federation of Indian Exporters’ Organisation (FIEO), will demand its share of empowerment and policy-backing. Exporters claim that if FIEO’s...

Coir exports are likely to grow by 24 per cent to Rs 1,000 crore in the current fiscal on growing demand from new markets like Russia and Latin America, Kerala's Minister for Coir Adoor Prakash said today. "We expect coir exports to touch Rs...

Siliguri, Feb 4 (ANI): India’s import and export business with Bangladesh is flourishing due to the favourable and strategic geographical location of both the countries, strengthening the process, economic ties between the two countries. Traders...

After growing 24 per cent in November, India's apparel exports entered the negative zone by registering a decline of about 2 per cent to $1.14 billion in December due to fall in demand in western markets like the EU and the US. The exports stood...

AHMEDABAD: Indian textile industry is estimated to reach USD 115 billion by the year end with an annual growth projection of 16 per cent, Assocham said today. The growth will trigger corresponding demand in ancillary industry, including machinery...

AHMEDABAD/KOLKATA: Exporters have begun marketing potatoes, India's largest vegetable crop by volume, in the Middle East and Southeast Asia on the back of a second consecutive bumper crop of 37 million tonne this year. The Punjab government,...

DUBAI: Indian authorities are likely to approve a further 1 million tonnes of sugar exports at a meeting on Tuesday, traders attending a sugar industry conference in Dubai said. "The trade here, the gossip is that people are expecting 1 million...

NEW DELHI: Lowering of the minimum export price for onions to USD 150 a tonne recently has marginally increased India's outbound shipments of the kitchen staple, but traders feel the government should do away with the MEP completely to help the...

Bhutan has expressed happiness over acceptance of its request of exemption from application of any export bans on essential commodities. Anand Sharma, minister of commerce, industry and textiles, during his meeting with Lyonpo Khandu Wangchuk,...

KOLKATA (miningweekly.com) - India’s Union Cabinet of Ministers were poised to take a call on canalising all high-grade iron-ore exports through a single government owned agency, at a meeting scheduled for next month. The proposal to canalise the...

Apparel exports from India fell a marginal two percent from a year earlier in December 2011 after posting a gain of 24 percent in November. Following a fall in demand from two major markets – US & EU, December garment exports touched US $1.14...

New Delhi: Reeling under the impact of global slowdown and a high interest rate regime, India Inc on Monday demanded that tax rates be retained at existing levels even as finance minister Pranab Mukherjee expressed concerns about challenges facing...

CENTRE may set a target of $ 360 billion for merchandise exports in next financial year with an estimated 20 - 22 per cent growth. This comes close on heels of continued uncertainty in EU and US, two largest markets of Indian exports and would be...

A United Nations report has pegged India's economic growth at 7.7 per cent in 2012 and 7.9 per cent in 2013, against the Indian government's own estimate of an even low 7.0 per cent growth in the 2012-13 financial year. The Indian economy will...

Considering the expanding trade gap with China, India has decided to further continue levying of anti-dumping duty on import of silk fabrics for another five years. The duty is meant to safeguard the domestic industry against invasion of...

NEW DELHI: India's handicraft exports growth slowed to 9 per cent in December, 2011, after witnessing a peak of 32 per cent in October, with overseas shipments totalling just USD 338 million on account of less demand from US and European...

Traders are already making inquiries from the Pakistan Industrial Development Corporation (PIDC), which has now an area of 32,213.48 acres on lease from the government for coal-mining. Their estimated reserves total 37.64 million tons and the...

NEW DELHI: With granaries overflowing, the government today said it can continue exports of wheat and non-basmati rice for some more time. In September 2011, the government had lifted a four-year -old ban on wheat exports and freed non-basmati...

WASHINGTON: Global prices of farm commodities like wheat and rice may decline by 11 per cent in 2012 due to a slowdown in demand and improved supply prospects, in part because high prices have led to greater investment, according to the World...

Appreciation of rupee coupled with other factors has reduced the margins in sugar exports. Yet the mills are happy as the exports help them keep a cash flow to make cane payments and reduce the carrying costs of surplus sugar. The industry wants the...

New Delhi, Jan. 19: The Commerce, Industry and Textiles Minister, Mr Anand Sharma, on Thursday said the Government may provide an additional package to small weavers. Referring to the recent initiatives for small weavers such as loan waiver and...

NEW DELHI: India's merchandise trade is on way to touch USD 750 billion in the current fiscal, accounting for 68 per cent of the country's USD 1.1 trillion economy which is fast integrating with the rest of the world. "We are on course, when it...

With another global slowdown affecting imports to the US and EU, Indian apparel exporters are an unhappy lot. But since business has to go on, they decided to look for newer destinations and Russia has appeared as the much awaited breather for the...

  Objections from India and Bangladesh have been removed while those by South American countries will also be removed soon, said Puri while addressing textile exporters at Pakistan Textile Exporters Association on Thursday. Tariq...

Shri Anand Sharma the Union Minister of Commerce, Industry & Textiles inaugurated the Tex Trends India 2012, here today. Tex Trends India 2012, aims to provide the biggest platform in Asia to the exporters and the buyers, to bring together the best...

India Coal Market Watch said that India’s coal imports rose an estimated 7.6% last year to 118.4 million tones. The coal newsletter citing calculations based on vessel positions at 25 major and minor ports in India said that overseas purchases of...

India's foreign trade may cross $760 billion in the financial year ending Mar 31, 2012, Commerce and Industry Minister Anand Sharma said Thursday. "The two-way trade crossed $600 billion last year and must cross as per my assessment $750-760...

Panchabuta has reported that the Indian government has made it clear that it has no objections to imports of low-priced Chinese solar cells, so long as they meet predetermined quality standards. The news has made ripples in the domestic...

NEW DELHI: Students enrolling in courses like software, retail and fashion may pay lesser fee as the government plans to waive service tax levied on skill development providers in the budget for 2012-13. The demand to do away with service tax on...

Mumbai, Jan. 24: Textile companies are fast shifting production base to Bangladesh to take advantage of lower production cost it provides. The process has already begun with units in West Bengal finding it easier to relocate to the neighbouring...

In a letter to Union Finance Minister Pranab Mukherjee, Karnataka Hosiery &Garment Association and Taxation Committee Chairman Sajjan Raj Mehta has sought its withdrawal. Earlier, the levy was 4 per cent and optional for garment makers who wanted...

New Delhi, Jan 24: India needs to open up more and cut bureaucracy to attract foreign investments, a top official of German foreign trade and investment promotion said here. “India is too reluctant still. India is very competitive, it has cost...

New Delhi, Jan. 23:After over a year of gruelling meetings, New Delhi is understood to have thrashed out a payment settlement mechanism with Tehran regarding India's non-oil exports to Iran. Iran has agreed to settle all the dues to Indian...

NEW DELHI: The government is ready with a plan to act against countries that provide subsidy to local producers and make exports more competitive. Although anti-subsidy action is a trade defence measure, permitted by the World Trade Organisation...

There is a big difference in the cost of production of Basmati rice in both countries. India subsidises its agriculture to the tune of $30 billion, while in Pakistan there is 16 per cent general sales tax (GST) on all inputs along with the recently...

Indian exporters have asked the government to revisit viability of Section 195 of the Income Tax Act under which exporters are asked to pay tax deducted at source (TDS) on payments made for foreign agency commissions, royalties and offshore...

Thailand is seeking a strategic partnership with India and is ready to develop bilateral cooperation between the two nations at all levels while seeking ways to foster the relationship between the Association of Southeast Asian Nations (ASEAN) and...

The petroleum ministry has requested the finance ministry to waive the customs duty and slash sales tax levies on natural gas in the forthcoming Budget as it is a green fuel being sold to priority sectors, such as transport, domestic kitchens, power...

“These agreements are expected to be signed during an upcoming visit by the Indian commerce minister next month,” Arvind Mehta, Indian joint secretary for commerce, said at the Lahore Chamber of Commerce and Industry on Thursday. The agreements...

With the RBI Credit Policy released, Chairman Apparel Export Promotion Council, Dr. A. Sakthivel, said that the policy has been disappointing as it has not given any relief to the garment exporters who are paying interest above 12% for packing and...

KARACHI: Rice exports from India, world’s second largest producer may go up by 32 percent to five million tonnes this year, according to International Grains Council (IGC). Shipments from Pakistan too are expected to see a jump of 32 percent to...

NEW DELHI India is setting up a company with initial capital of 20 billion rupees ($405.6 million) to build federal solar projects and help the country reach a target of 20 gigawatts of solar energy capacity by 2022, a top government official...

With about 18 per cent growth during the first three quarters of 2011-12, aircraft exports including component parts stood at about 1.31 billion dollars against 1.11 billion dollars in the corresponding period of previous fiscal, according to The...

Intensifying efforts to reach at a consensus to conclude India-EU Free Trade Agreement (FTA), Union minister for commerce and industries, Anand Sharma Wednesday expressed his hope that the FTA may be signed next month. "There is hard work on both...

India-China bilateral trade hit a record $73.9 billion last year, but the ballooning trade deficit in Beijing's favour rose to over $27 billion, raising concern among Indian authorities. The bilateral trade registered a $12.2 billion increase in...

The industry, led by Germany’s powerful VDA carmakers’ association, says the agreement as discussed would grant Indian-built cars immediate duty-free access to the EU but would only reduce the tariff barrier to European vehicle exports to a level of...

NEW DELHI: An embarrassed government is likely to lower exports numbers for 2010-11 as part of a clean-up drive, following a $9.7-billion over-estimation of shipments in the first seven months of the current fiscal. A senior government official...

NEW DELHI: India is unlikely to meet the $300 billion export target set for the current financial year due to a slowdown of demand in the US and European markets, the Federation of Indian Export Organisations (FIEO) said Monday. Talking to...

NEW DELHI: The government may allow an additional one million tonnes of sugar exports in the 2011-12 marketing year, which started in October, to improve cash flows for mills and enable timely payment to cane farmers. With estimates of sugar...

Chennai, Jan. 30: China has suspended imports of rapeseed meal from India from January 1 since some consignments were found contaminated with malachite green. But trade sources feel there could be more than contamination. According to documents...

Kolkata, Expressing concern over the proposed restrictions on export of certain grades of coal by the Indonesian government, India Saturday said it would try to find a solution through bilateral talks. "We have taken up it with the external...

India's exports growth remained subdued at 6.7 per cent year-on-year in December on account of poor demand in Europe and the US, but the government is hopeful of achieving its $300 billion target for the current fiscal. Though growth during the...

The Indian media is full of stories about imminent doom and gloom caused by a worsening Euro Zone debt crisis and continuing economic slowdown in the US. Every day, one hears about a lower GDP growth for India, though most forecasts give it a growth...

MADURAI: Union minister for chemicals and fertilisers, M K Alagiri said that measures would be taken to import raw materials from South Africa, which would bring some respite to the fertiliser shortage in the country. Addressing media persons on...

NEW DELHI (MarketWatch) Indian sugar mills Monday asked the government to allow more sugar exports this marketing year and to loosen controls over distribution and supplies in the tightly regulated sector. Industry representatives met Finance...

NEW DELHI: India's export growth may face difficulties in the calendar year 2012, Trade Secretary Rahul Khullar said on Monday. India's December exports rose an estimated annual 6.7 percent to $25 billion, while the full year 2011-12 exports are...

New Delhi: The government Wednesday lowered the minimum export price of onion by USD 100 a tonne to USD 150 per tonne to boost outbound shipments which have declined. "The minimum export price (MEP) of all varieties of onions except Bangalore...

Indian oilseed processors warned on Jan 4 that a poor rapeseed crop was likely in 2012. The extent of crop damage is unclear but larger edible oil imports are expected. `Indian rapeseed production may decline by 1 to 2 million tons from a year...

Exporters, hitherto withholding their dollar earnings overseas hoping for better returns vis-à-vis the rupee, are now bringing their foreign currency earnings in a hurry. The turnaround has been triggered by widespread expectations that the...

The government today permitted the export of 18,300 tonnes of sugar to the US and the European Union (EU) to meet India''s obligations under an arrangement in which preferential access was given to Indian exporters in these markets. The export...

MUMBAI: Participation by foreign pension, hedge funds, private equity funds and brokers in commodity futures trading may not fructify if the government accepts a recommendation of the Parliamentary Standing Committee (PSC) on Consumer Affairs, which...

When times are hard, doomsayers are aplenty. The problem is that if you listen to them too carefully, you tend to overlook the most obvious signs of change. 2011 was a bad year. Can 2012 be any worse? Doomsday forecasts are the easiest thing to make...

  MUMBAI: India's decision to remove foreign-ownership limits on part of the retail sector is likely to result in more foreign companies entering the market or expanding their presence, says rating agency Fitch. However, it feels...

Rice exports from India, the world’s second-largest producer, may more than double this year on a record crop and as importers seek alternative to expensive supplies from Thailand, a shippers’ group said. Shipments, including aromatic basmati...

Onion exports from India declined by nearly 23% in the first nine months of the current financial year as compared to last year mainly due to high price of shipment at $250 per tonne. China and Egypt are dominating the international market by...

MUMBAI: India's exports of services like software, construction, and transportation slipped marginally to USD 11.28 billion in November over the previous month, the Reserve Bank said today. The services exports totalled USD 11.45 billion in...

PANAJI: The Union Mines Ministry has expressed its reservation over Finance Ministry's decision to increase export duty on the low grade iron ore in the country, a senior official said today. "The Mines Ministry is not favourably inclined towards...

India plans to offer Iranian central bank BMJI the facility to use its rupee accounts with UCO Bank not just to offset Indian exports but to fund Iranian imports from third countries. New Delhi’s plan B (as proposed to the Cabinet Committee on...

NEW DELHI: When the rupee tumbled 20% against the dollar in four months, between August 9 and December 15, fingers were pointed at foreign institutional investors (FIIs), who were big sellers of Indian stocks. But data for the period shows that FIIs...

Mumbai: At least 15 ships of Indian firms, including Oil and Natural Gas Corp. Ltd (ONGC), Great Offshore Ltd, Hind Offshore Pvt. Ltd and Samson Maritime Ltd, have been detained by Indian customs for alleged evasion of duties. Following this, these...

NEW DELHI: The government is considering bringing out a white paper on what went wrong with the exports numbers that were revised down $9 billion for the first seven months of the fiscal. A panel, which includes chief economic advisor Kaushik...

NEW DELHI: The government plans to raise prices of urea, the most widely consumed fertiliser in the country, by a steep 40%. The move, necessitated by the government's mounting subsidy burden, is a test of its political courage as it comes just...

  The Directorate General of Foreign Trade (DGFT) has agreed to allow domestic airlines to directly import jet fuel, a move set to help loss-making carriers like Kingfisher Airlines and Air India save on...

View: Dharmendra Kumar, director, India FDI Watch, Delhi There has been a sort of political consensus on FDI for almost all sectors but for likes of multi-brand retail, defence, aviation, banking and insurance. The political consensus has been...

Lahore—Collector Customs Ali Sulman Abbassi on Wednesday said that a fresh round of talks with Indian Custom Authorities over the issue of cement export to India by trucks is going to be held in the mid of January this year and hopefully the issue...

India's economy may grow by 6% in 2012, according to report by Moody's Analystics, the research arm of ratings firm Moody's. 'India's economy faces trouble heading into 2012, and Indian policymakers bear much of the responsibility.' said the...

Along with the changing global scenario, India apparel exporters may not have to face competition from China, but from three other countries – Bangladesh, Vietnam and Indonesia, according to experts. The three Asian countries are more efficient...

NEW DELHI: Mundra Port and Special Economic Zone, a multi-port operator and a subsidiary of Adani Enterprises Ltd has changed the company name to 'Adani Ports and Special Economic Zone Ltd'. The company has received the certificate from the...

Thermal coal import through Paradip port rose four fold in December compared with the year-ago period due to domestic supply problem and higher demand for low-ash coal. Total non-coking coal imports in December 2011 stood at 420,459 tonnes...

Onion exports from India declined by nearly 23% in the first nine months of the current financial year as compared to last year mainly due to high price of shipment at $250 per tonne. China and Egypt are dominating the international market by...

NEW DELHI – JSW Steel Ltd. will buy coking coal for the January-March period at a 20% discount to last quarter's rates but a weaker rupee will offset those cost savings, its managing director said. Seshagiri Rao said recently that the Indian...

India, the world’s second-largest cotton grower, is unlikely to achieve cotton production of 35.6 million bales of 170 kg each, forecasted by the Cotton Advisory Board (CAB) for the current season that began on October 1, 2011. Cotton yields have...

(MENAFN) The All India Rice Exporters Association's president, Vijay Setia, said that in the year ending March 31, the country's rice exports might grow to reach 6 million metric tons, from 2.2 million tons in the previous year, reported Gulf...

White sugar’s premium over the raw variety is holding steady because exports of the sweetener from India have been smaller than initially estimated, according to Swiss Sugar Brokers. White, or refined, sugar on the NYSE Liffe exchange in London...

Inadequate supply of coal to power stations in India could well be a thing of the past with Coal India setting up a joint venture with the Limpopo government in South Africa to acquire coal mines in the province. Coal India accounts for more than...

New Delhi: The Mines Ministry has disagreed with the Justice Shah committee suggestion of banning exports of iron ore and manganese ore to check illegal mining, saying that the export of minerals is guided by policy, and it has referred the...

NEW DELHI: Amid the political heat over Lokpal, foreign direct investment in retail and the industrial slowdown are going to dominate the agenda of the Prime Minister's Council on Trade & Industry that is slated to meet on Thursday. Just two days...

New Delhi: India has initiated 149 anti-dumping cases against China, which accounted for over half of such actions taken by the country against foreign nations, Parliament was informed Wednesday. The Directorate General of Anti-Dumping and...

MUMBAI: A private equity fund, based in Mauritius and promoted by an Indian, has shown interest in investing in a power exchange in India, sparking off a debate on whether the government needs to clarify rules on foreign investment in such...

Dr Farooq Abdullah minister of new and renewable energy informed the Lok Sabha that government is already providing Central Financial Assistance / Incentives ranging between 30% to 100% of costs of deployment/ purchase of various types of renewable...

Even as the euro zone crisis may result in decline in orders next year, Indian leather exporters are hoping that the likely diversion of some exports from China to India will partly compensate the drop in orders from Europe. “The European Union...

New Delhi, Dec 22 (PTI) Amid fiscal deficit slippages due to additional subsidy burden on fertiliser and oil, the government today ruled out fiscal incentives to exporters and asked them to look for new markets to boost shipments. On account of...

NEW DELHI: The government today attributed the increasing trade deficit, which touched USD 117 billion in the first eight months of 2011-12, to increasing prices of imported commodities, like crude oil. "The prices of petroleum, fertilisers,...

Indian exporters of a range of goods from apparel to handicraft are having to surrender to their overseas buyers, a part of the additional profits accrued to them in the wake of the 15 per cent depreciation of rupee since August. The overseas...

NEW DELHI: Apparel Export Promotion Council (AEPC) and the textiles ministry on Wednesday launched a common code of conduct for the garment industry to encourage members to follow better social and labour practices and counter claims against the...

FAISALABAD: Pakistani rice exporters may eventually lose ground to more competitive Indian neighbours who have begun to edge out Pakistan in the international market. “Pakistani exporters are facing stiff competition from their Indian...

New Delhi, Apparel exports grew about 23 per cent year-on-year to USD 913 million in October, thanks to the growing demand from markets like Japan and Latin America. These exports stood at USD 744 million in the same period last year, according...

India commerce secretary Mr Rahul Khullar asked Indian exporters to get the first mover advantage in new markets like Africa and Latin America as global economic environment is unlikely to improve in the near future. Mr Khuller said that it is...

Asian refiners will boost their imports of West African crude for January loading to 55 cargoes, the most in at least six months after an 80 percent jump in Indian purchases, a survey of seven traders showed. Shipments totaling 52.1 million...

Despite the slowdown in exports growth and an adverse external environment, the Union commerce ministry still believes it can achieve its target of doubling India’s exports to $450 billion by the end of fiscal 2013-14. “With a bit of luck we can...

ISLAMABAD: Secretary Commerce Zafar Mehmood here on Thursday announced that India has no Pakistan specific tariff and non-tariff barriers, however, for removal of general tariff and non-tariff barriers faced by our exporters, Pakistan has demanded...

Trade between India and Bangladesh resumed on Saturday after the end of a week-long shut down, called by Indian exporters and importers demanding upgradation of infrastructure along the border, officials said here. "After the withdrawal of the...

KOLKATA: Pakistan's dependence on Indian tea is gradually increasing. This year, Pakistan has imported 20 million kg of CTC teas from India, which is one of the highest in recent years. A drop in Kenyan production has also helped India to strengthen...

NEW DELHI (Commodity Online): India's pulse imports during April to October 2011 is seen at 1.66 million tons against 1.63 million tons same period last year, acording to Rajiv Agarwal, Secretay, consumer affairs. The country's import may...

NEW DELHI: India has not completely shelved the plan to allow foreign supermarket chains to set up shop in the country and is committed to push forward economic reforms that face stiff political resistance from opposition parties as well as...

Engineering exporters from Gujarat are exploring newer export destinations in Latin American and South East Asian countries as conventional export destinations like US and Europe leave less business opportunity amid current gloomy economic...

NEW DELHI: India has extended ban on import of milk and its products from China for another six months, according to the foreign trade office. The ban was in effect till December 24. "Prohibition on import of milk and milk products (including...

KOLKATA: NTPC will invite expressions of interest next month for importing coal on a 10-15 years contract from foreign coal producers, chairman Arup Roy Choudhury said. The largest power generator hopes to start imports within the next financial...

Companies queued up for SEZs. Today, one-third have changed their minds and the rest are unhappy campers. Even as SEZs lose appeal, the department of commerce is bracing for one last push. Three years is a long time in business. This affirmation...

Lowering of onion export prices to $250 a tonne has failed to boost its outbound shipment with China and Egypt continuing to dominate the international market by selling it at less than $200 a tonne. Onion exports from India dropped by nearly 37...

New Delhi: Led by edible oils, import of sensitive items shot up 39.9% to Rs48,274 crore in the April-September period of this fiscal, reports PTI. India’s imports of sensitive items stood at Rs34,516 crore in the year-ago period. In particular,...

In its first major audit of spending on food by the UPA government, the Comptroller and Auditor General (CAG) in a report to Parliament cited Rs 1,201-crore loss in the import of pulses under two schemes since 2006, both failing to stabilise prices...

Coonoor: The tea import bill fell by 9.12 per cent year-on-year in the first 10 months of current calendar as suppliers raised prices, an analysis of latest data available with importers' organisations and the Tea Board revealed. Between January...

Dec. 26 – Iron ore exports from India to China are declining sharply, according to statistics by the Indian Ports Association. In an attempt to supply the domestic market, China is likely to search for new sources, Indian media reported. In...

GANDHINAGAR: In what is being described as major boon the state's farmers, cotton export from Gujarat this year is likely to break all past records. Well-placed Sachivalaya sources said that the latest information from the fields suggest that the...

New Delhi: Even though India performed better than most emerging economies despite the global economic slowdown and the Eurozone crisis, 2011 for it was largely marked by a phenomenon which no country desires -- slowing growth with high...

New Delhi, Amidst the controversy surrounding the overstatement of engineering exports, it has emerged that the shipments from the sector have shrunk every month since September this fiscal over the corresponding period in the last financial...

New Delhi-Approval to the Export-Import Bank of India Amendment Bill, 2011, as the Rajya Sabha adopted it . The Bill was passed by the Lok Sabha earlier. It aims at promoting international trade by raising the capital funds of overseas trading...

India's external debt has risen by 6.6% to $326.6 billion at the end of September 2011 from $306.40 billion at end-March 2011. The rise in external debt is largely attributed to increase in external commercial borrowings, export credits and...

Indian cotton exporters have increased their buying tempo and are making brisk purchases as prices have weakened to around Rs. 35,500 a candy of 356 kg each on December 29 compared to Rs. 39,000-39,500 in first week of November 2011. Speaking to...

NEW DELHI: Coffee exports rose by 22% to an estimated 3.50 lakh tonnes in 2011. The country exported 2.88 lakh tonnes of the brew in 2010, the Coffee Board data said. "Coffee exports in the calender year 2011 are expected at about 3.50 lakh...

Foreign direct investment in India surged by 36 per cent to $ 23.68 billion during the January-October period this year, notwithstanding uncertain global economic environment. During January-October 201O, the country had attracted Foreign Direct...

New Delhi, Dec 30 (PTI) The government has initiated a probe to ascertain the merits of imposing anti-dumping duty on imports of choline chloride, a chemical used mainly for animal feed, from China. Countries initiate anti-dumping probes to check...

This is a report card of how lifting the embargo on export of Indian non-basmati rice from private inventories in September 2011 has rattled competing Asian origins. Policymakers dithered for over three years, and later, judicial intervention in the...

This is a report card of how lifting the embargo on export of Indian non-basmati rice from private inventories in September 2011 has rattled competing Asian origins. Policymakers dithered for over three years, and later, judicial intervention in the...

This is a report card of how lifting the embargo on export of Indian non-basmati rice from private inventories in September 2011 has rattled competing Asian origins. Policymakers dithered for over three years, and later, judicial intervention in...

India`s exports during November, 2011 were valued at USD 22,321.64 million which was 3.87% higher in Dollar terms (17.34% higher in Rupee terms) than the level of USD 21,489.49 million (Rs. 96,742.01) during November, 2010. Cumulative value of...

NEW DELHI: India's trade with Latin America could go up to $50 billion by 2014 on the back of projected high economic growth in both the regions, said a senior government official. "The region (Latin America) is going to be a regular source of...

NEW DELHI -- India has raised the export tax on iron ore, likely increasing local prices and also deepening a slump in shipments of the steelmaking material from the world's third-largest supplier. The government increased the tax to 30%,...

New Delhi: A nationwide survey has found that two-thirds of domestic electronic components demand is met through imports, the bulk of which are from South-East Asian countries. The survey was conducted by the Department of Information...