The minister of state for steel is Vishnu Deo Desai, revealed in the Rajya Sabha that South Korea is dominating in Steel Exporter To India in the first quarter of 2016-2017. In the last two financial years, South Korea was just behind China. According to a report said by the minister , in the first […]
Author Archive | DSundry
Increase in import duty on Soya bean oil proposed by SOPA
To hike the import duty on soya bean oil and crude soyabean oil , proposed by SOPA ( Soybean Processors Association of India) to 45% and 37.5% and these rates are decided by WTO. The association says it will help to export soybean meal to the Indian Industry, and also reduce the import of the […]
On Crude Palm Oil Import In India Edible Oil Refiners Want To Cut Duty
On crude palm oil import in India, to decrease in the import duty The Indian edible oil refiners have requested t the govt. As imports of refined products are increasing exponentially, the domestic industry needs support to compete. For safeguarding of their domestic industry, the countries exporting Palm Oil charge a 12% and 5% on […]
Indian Government to import 1 lakh tonnes of chana, masoor dals additional
The Indian govt has made a decision to import an additional 1 lakh tonnes of chana and masoor dals. As rates of pulses are continuously soaring high and it will rise in supply in the country and arrest the increasing price. There had a meeting to decide on this matter among an inter-ministerial committee with […]
Impossible to Hike in import duty on apples in India: Nirmala Sitharaman
The Commerce & Industry Minister Nirmala Sitharaman replied in writing to the Rajya Sabha that it’s at once impossible to Hike in import duty on apples in India without negotiation under WTO regime in spite to increase the import tariff, she received numerous requests from public representatives. Currently, Import duty for apples is 50 percent; […]
India grown by 8.46% in 2015-16 from Handicraft export: Smriti Irani
Around 8 percent Handicraft export from India has risen in 2015-16 which is nearly about 31,000 crore. According to a provisional report, which shows exports of handicrafts have shown an increase of Rs 2,414.79 crore from Rs 28,524.48 crore to Rs 30,939.27 crore- an addition of 8.46 per cent in rupee term in 2015-16 as […]
Woollen exporters of India focusing on another market
As due to warmer winters and economic slowdown, Export to USA and EUROPE declined, so Woollen exporters of India shifting focus towards countries like Kazakhstan, Germany, China and Australia. The main reason for the decline of woollen exports is constant global warming which results in reducing the severity of winter. As per Sushil Kaura, who […]
Robusta coffee export from India hampering due to Poor Domestic supply
To earn good profit on rising prices of Robusta coffee export from India, Indian coffee exporters putting tremendous efforts as the concerns of lesser output in Brazil, Vietnam and Indonesia, local supplies hampering their hope due to dwindling. For the period of Jan 1 to Aug 5, India coffee exports showing up of 18% increase […]
Govt allowed for another 30,000 tonnes pulses import to control the price
Govt decided to another 30,000 tonnes of pulses import to manage price and over rising costs, which includes 10,000 tonnes of urad and 10,000 tonnes of urad. There is a meeting held to take this decision of pulses import, of Price Stabilization Fund, chaired by Union consumer affairs secretary Hem Pande According to that meeting, […]
Paswan :To fulfil demand, expecting to import pulses from Myanmar and Africa
From Myanmar and Africa nations, Govt is looking to import pulses to bridge demand and fulfill demand – supply gap of 7.6 million tonnes. Retail prices of major consuming pulses like chickpea, has driven by Domestic shortfall to a record high and took inflation to two-year high, stated by Ram Vilas Paswan, Food Minister. Due […]
