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 […]
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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 […]
For Import of Drones in India, License and Clearance Mandatory
Granting to the recent government statements, prior clearance of Directorate General, Civil Aviation and an import permit from the Director General of Foreign Trade will be necessary for import of drones in India and UAVs (Unmanned Aerial Vehicles). The commerce ministry quoted in a notification. Importing Unmanned Aerial Vehicle (UAV)/Unmanned Aircraft System/ remotely piloted aircraft/drones […]
In 2015-16 Seafood exports from India declined by 9% to Rs 30,421 crore
In 2015-16, The seafood export has declined by 10% in quantity and 9% in value from India, as compared to last year. According to research, India has exported 945892 tons valued at Rs 30,420.83 crore. Prices of frozen shrimp slipped to $8.28 per kilogram from $10.38 per kg in 2014-15. Majorly India exported seafood to […]
