The Union Commerce and Industry minister, Nirmala Sitharaman, spoke in the backdrop of India International Fair (IITF). The growth of exports in September is 4.62%, which is “really significant growth”; the depressed exporters who are fighting with the weak global demand will improve the sentiments with this. Before September a two ¬month fall in exports […]
Author Archive | DSundry
In First Half Of FY16-17 Agricultural Exports See Slight Fall
When compared with first half of last fiscal, The export shipments of Indian farming and processed food products saw a slight in the beginning half of this fiscal. when the buffalo meat and fruits and vegetable exports have increased, This trend is also seen. Also n Basmati rice exports, A substantial fall was seen. According […]
In October By 55% Indian Soybean Meal Export Goes Up
In October from the month of September, The exports of Soybean meal saw a rise of over 55%. According to SOPA (Soybean Processors Association of India), as the prices have come down and demand has increased in the South-east Asian grocery store, so this has gone on. Nevertheless, the soybean meal exports and the value-added […]
In Apr-Sep, Iron Ore Production Increases 25%, Exports Surge To 7.5 MT
Between April and August 2016, exports of The iron ore of the country have increased to 7.5 million tonnes (MT) that are three times from last year. This happens only due to China’s increased demand. As the domestic steel industry is low, so The iron ore imports have fallen down to 1/3rd of last year […]
Import Duty On Wheat Has Been Reduced By Food Ministry
The import duty on wheat need to reduce from current 25% to 15%, supported by the Food Ministry with an objective to increase the availability in the rural area. As even local flour mill owners are pushing for removal of duty completely, so the govt is thinking about the food ministry’s suggestion of reduction of duty, […]
Export Concerns Raised As Current Account Sees A Surplus
India’s current account saw a surplus, In the first quarter of this fiscal year, said by a Finance Ministry official. Showing the unsure attitude to investment pushing the account, imports have reduced- he said. The current account was last seen in surplus In 2007,the month of January-March. It was that time. In this month for […]
Remove Agri export subsidies as India asks BRICS to grow pulses
The government seeks the help of the BRICS nations as there is a shortage of pulses which keeps on recurring in India. The member nations can cultivate the pulse crops and hence these crops would help in better soil fertility and reducing malnutrition. Agriculture Minister Radha Mohan Singh said that to meet our production shortfall […]
Indian Domestic Refineries Are Affected Due To Rising Imports Of Refined Edible Oil Import
Indian domestic refineries are affected due to rising imports of refined edible oil import. India gets more profit by importing refined edible oil than crude oil import and local refining. Solely for this reason, the prices of India’s refined edible oil imports are growing steadily and it will double up to be the highest ever […]
For Import Of Marble In India With New Policy Will Cutdown Monopoly
For import of various varieties of marble and travertine blocks will cut down methods of monopolistic and restrictive trade, said by Delhi Marble Dealers Association as its the rule by Government’s latest policy. The raw material also accessible to factories by this policy, it assures. Starting from October 1, 2016, the restriction on the quantity […]
On wheat, palm oil, refined oils India reduces import duty
On wheat, crude palm oil, and refined vegetable oil India has reduced import duty to control the rising price. Mentioning these facts the Finance Ministry passed an order on Friday. From 25% to 10% tax has been cut down on wheat import. The center has also slimmed down by 5%, the tariff on import of […]
