From India after stopping for some days, Pakistan has commenced buying cotton. For Pakistan, India is the top cotton supplier. By this process, Pakistan in getting economically priced cotton and will help India in selling the surplus cotton stock. In a year, to Pakistan, India sells about $822 million worth of cotton. As Pakistan had […]
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As demonetisation cuts the demand December gold imports to fall by 50%
As from November, the retail demand has seen a huge fall, the December gold imports may go below 50 tonnes. The high-value currency notes will cease to be legal on November 8th, declared by the government, this has happened after that. World’s second largest consumer of gold is India and the already low international gold […]
On 19 steel products until February 4 Centre has extended MIP
On 19 iron and steel products until February 4th, the Centre has extended MIP (Minimum Import Price). From cheap imports, to safeguard the domestic steel industry this has been done. The Directorate General of Foreign Trade, in a notice, told that till February 4, 2017, the applicability of MIP beyond December 4 for two months […]
Pulses import at 27.48 lakh tonnes in April-October
For meeting the local demand from April-October this fiscal India’s import of pulses was at 27.48 lakh tones. The Minister of state for Food and Consumer affairs C R Chaudhary wrote to Lok Sabha that by private and public sector the total pulse by import is 2748473 tonnes. In the last fiscal year, India had […]
Import duty on wheat removed 10 percent as domestic prices rise
There is a rise in local wheat prices, so the government has removed the 10 percent import duty. Continuously for two years, there has been drought. So there is also a fear that buffer stocks will fall down. If the quantity of import will pick up, the prices will rise by 35%, expected by the […]
Import tariffs to enhance exports as World Bank suggests India cuts subsidies
To increase the exports, the World Bank has recommended the Indian government to edit down the subsidies and import levies. The suggestion was on policies of especially the apparel, factory farm, automotive and electronics sectors. India can see growth through the sectors by increasing the competitiveness and thereby increasing the exports, as per the bank. […]
Traders got tension due to rumour of ban on gold import
By sending them a text message, Indian Bullion & Jewellers Association (IBJA) has created a panic among its customers that till the current fiscal year ends, the centre may put a stop on country’s gold imports. for depositing the old notes, the government may also pre-pone the last date for jewellers to November 15. The […]
To impact the power sector imported coal become High priced: Report
Covered in a survey by the IndRa rating agency, The coal that has been imported with high monetary values will cause an impingement on the value chain of power sector as the greater rates will get “mass and profitability pressures” on the power companies that will not be exiting the fuel price to consumers because […]
Significant in September exports, Growth of 4.62%: Nirmala Sitharaman
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 […]
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 […]
