Gems and Jewellery Export Promotion Council (GJEPC) made a report and according to that data, about 25% to Rs.10,000 crore the polished diamond export from the country has increased and by 35% to Rs.6000 crore increased in gold jewellery in the month of December 2016. in December 2015, Rs.8000 crore and Rs.4400 respectively was the […]
Author Archive | DSundry
On Importing Indian Buffalo Meat Agreed By China
There is a demand for buffalo meat in China and from India; China has finally agreed to start buying removing restrictions on the import of Indian beef. From Beijing, A quality inspection team had visited India to examine the buffalo slaughter houses and for sending meat to China have cleared 14 of these butchering facilities. […]
In 2016 Indian Automobile Exports Fell By 5%
From India, the total automobile exports fell by 5 % in 2016 due to the fall in sales of two and three wheelers. In Latin America, Africa, and many other countries, this fall has been seen. The data shared by the Society of Indian Automobile Manufactures (SIAM) which shows that the total automobile exports fell […]
Indian Grapes Export To Europe Starts With Full Swing
To Europe the export of Indian grapes has begun with a full swing and650 tonne of the fruit has already been shipped so far. With an expected increase of 15% in the exports to Europe, The exporters of grapes anticipate a new record this season. 1,200-tonne grapes have been shipped to the Russia, Middle East, […]
On Import Of Indian Vegetables, The European Union Removes 3-Year Ban
On Indian mangoes last January, the European Union had lifted the ban. The European Union had decided to remove its three-year import ban announced by the Agriculture Ministry that it had imposed on some vegetables from India. The Assistant Director of the Agriculture Ministry’s export/import section, R S Arora spoke at a seminar by CIAL […]
On freight for imports on delivered basis India to charge service tax
On freight from coming Sunday India is going to charge a service tax on the imports to send their products and merchandise to India where the overseas exporters are using foreign ships. By a government notification, this statement was made. To the service tax being charged by free on board (FOB) shipments, this tax will […]
Foreign Reserves Rise To 12 Months Covered by Indian Import
India’s import cover of forex reserves has elevated to a robust 12 months shown by a report from Reserve Bank of India (RBI) as the end of September 2016. At the end of March 2016, It was little lower at 10.9 months. The number of months of import equivalent to stock or reserve of foreign […]
Jewellery Exports Will Impact By Hike In Dubai Import Duty
As starting from January, Indian jewellery exports will get impacted in the coming future, from the previous 0.36 % to 5 % the import duty has been hiked in Dubai. As a hub for jewellery business, the jewellery exporters may discontinue using Dubai and to the other countries’ markets start selling straight away. In last […]
At WTO US Forces India To open up USD 1 bn solar market
At the WTO (World Trade Organisation), India’s solar policy with the local content condition was challenged. To open USD 1 billion worth market, Us has forced India by this policy. Mike Froman who is the American Trade representative of the outgoing government has told that the US will not allow this “new form of protectionism” […]
In November India’s oil imports from Iran fall by 19%; the top oil supplier again becomes Saudi
In November 2016, there was a decrease of 19 % in the oil imports of India coming from Iran. Saudi Arabia and Iraq increased their sales to India after this happened and again became the top two oil suppliers. In November, to 620,000 barrels per day the imports from Tehran had gone after the sanctions […]
