To control the imports that were soaring high, import duty on gold was made three times in the year 2013. However, in the last seven years, in 2016 the demand has been seen falling down to a lowest. The second largest amount of gold in the world is consumed by India. Mainly to cut down […]
Author Archive | DSundry
After An Interval Of Three Years, India To Resume Curry Leaf Exports To EU
To the European Union after a gap of three years, India is re-starting the sale of curry leaves. The shipments have to go through quality checks as per EU’s demand that will be laboratory testing and Agmark certification. In 2013, from India, the EU had stopped the import of curry leaves. Because of high pesticide […]
From April 2017 India Will Start Local Screening Of Imported Telecom Gear
From the 1st of April 2017, the centre has decided to locally test the telecom gear that has been imported. By the government, the quality control agency which will be controlled which will do Standardisation Testing & Quality Certification (STQC) in its laboratories and will screen mobile network elements, feature phones, and smartphones that have […]
For exporting final goods to EU Self-registration of firms
Self-registration of companies that want to export manufactured goods to the EU is the idea of the commerce ministry. Previously for exporters under the generalised system of preferences, the Export Inspection Council was issuing the certificates which were always leading to delays. Time and money will be saved by this type of self-certification. As it […]
Pepper imports increase by 18% and exports fall due to higher prices
In between January¬ and October this year, from Kochi port, the exports of Pepper have seen a fall of 43.54 per cent while by 18.25 percent the inward shipments have increased. Between January and October this year, the pepper export from Kochi Port was low at 10792 tonnes which were 19,116 tonnes last year. This […]
To EU Worth $3 Billion Gems And Jewellery Exports May Take A Hit
8% of India’s annual gems and jewellery shipments have been bought by the European Union. To EU the Indian gems and jewellery shipments are worth $39 billion. The exports worth more than $ 3 billion from the Indian industry may take a hit as India is not included in the latest GSP (Generalized System of Preferences) […]
In Odisha Government sanctions to provide a boost to spices
As due to the various health benefits and organic quality of the spices like turmeric and ginger, the people foreign countries use them more and so the demand is rising from India. As the government has decided to give 2.46 crore to Kandhamal Apex Spices Association for Marketing, and for putting new processing machines so […]
Indian farmers and soybean industry are impacted by African Soybean Imports
The Indian soybeans industry and farmers are affected by the Soybean imports from Africa. About 40,000 tonnes in last six months has been shipped in India which was 20,000 tonnes last year. With a production of about 114 lakh tonnes in this year, India has a very good Soybean crop this year and because the […]
Minimum export price of potato has been removed by Government
In the fiscal year 2015-¬16, Indian potato exports have been to the tune of 0.18 mt. On 28th December 2016, the minimum export price of potato (MEP) has been removed by the government of India. To increase the exports of potato from India, this was earlier imposed in the month of July 2016. “Export of […]
Spinners’ profitability will cut into due to Falling exports and high cotton prices
As per a report made by ICRA, the profits of the local cotton spinning mills will be eaten due to the weak global demand for cotton paired with high cotton prices. The cotton prices this year in the beginning of cotton harvest have started melting. But when compared with last year prices, still they soar […]
