In the first half of this fiscal year, five percent growth in volume and seven percent growth in value increased in the Spice exports of India as compared with last year with the same time period. The demand of spices such as chilli, nutmeg, mace, garlic and cumin has increased. From 4, 14,780 tonnes in […]
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85-90% fall Jewellers face in locals business, exports unaffected
After demonetisation of higher value currency notes, there has been an 85-90% dip in jewellery business according to many jewellers. There is no effect on export. The domestic business is very low mainly due to a cash crunch, despite the wedding season. The Rs 500 and Rs 1000 note which was made up of 86% […]
To cut Import Duty on Gold there is no proposal from Government
As of now, the centre told that they are not considering any reduction in gold import duty on Friday. The Minister of State for Finance, Santosh Kumar Gangwar wrote in a reply for Finance to Lok Sabha that under consideration at present, there is no such proposal. To decrease the import duty on gold for […]
Issue of connectivity with Afghanistan is important-Arun Jaitley
Arun Jaitley, who is the Indian Finance Minister told at the sixth ministerial Heart of Asia conference which was held in Amritsar to enhance the connectivity with Afghanistan was a core issue for the country. At the Heart of Asia-Istanbul process that the Amritsar Declaration was accepted by all, said Mr Jaitley. The connectivity with […]
ICRA says Gold import will determine India’s current account deficit
In October-November 2016, the gold import bill of is expected to be similar to the first six months, the country’s current account deficit (CAD) for these two months will be greater than the first half of the season as per ICRA. This year for gold, the remaining demand would further impact the deficit size of […]
Yarn export entitlement quota for 1 year, Govt extends garments
To exports to US, Canada, and the European Union, for one year w.e.f January 1st, 2017 to exports, The government has announced to extend the quota for export entitlement for readymade garments and knitwear, yarn and fabrics and made ups. For a further one year with effect from 1 January 2017, the government hereby decided […]
To Export Rice China Permits 14 Indian Firms
By permitting 14 Indian firms to sell basmati rice, China has opened a new prospect for Indian rice exports. For selling rice, 14 companies have been allowed but among them due to a quality standard, five companies were not given permission. Under for phytosanitary certification, these five companies were also registered. Basmati rice was not […]
The Agri-Commodity Exports Affected By Cash Crunch
The export of agricultural products like cotton, groundnut and Soya meal has impacted due to the demonetization of higher currency notes. The orders of November are getting postponed or cancelled and the orders of November are getting postponed or cancelled, the exporters are finding it difficult due to this. The exporters who are selling Groundnut […]
Indian Coal For Imports Is Not Necessary For Bangladesh Right Now: Energy Minister
As per Bangladesh Energy Minister Tawfiqe-Elahi Chowdhury, Bangladesh has not any necessities for coal imports from India. Indian and Bangladesh were in talks about exporting coal to Bangladesh before some days, said by Former coal Secretary of India, Anil Swarup. Also said by the minister that as the country was looking to buy coal from […]
In November Oilmeal Exports Of India Fall By 9.75%
From 120,059 tonnes last November to 108,342 tonnes this November, the export of Indian oil meal has fallen. As an animal Feed, the oil meal is used. As per the data made by Solvent Extractors Association of India (SEA), it reveals that in the same period this fiscal, from 903,624 tonnes during April-November 2015 to […]
