The Centre has formed a high-level committee which is tasked to review tariff relief on imports from the United States. The development comes amid the US plans to impose reciprocal tariffs across trading countries by April 2.
Global headwinds and recessionary trends in India’s biggest export destinations have led to the sequential fall in Indian merchandise exports.
In recent months, Russia has significantly increased its imports of aluminium, the crucial raw material for aluminum production, from India.…
India's current account deficit narrowed sharply in the January-March 2023 quarter, RBI data showed on Tuesday, attributable to a moderation in the trade deficit and robust services exports.
The Central Board of Indirect Taxes and Customs (CBIC) has notified the exemption from Customs duty and Agriculture Infrastructure development Cess for import of cotton.
According to the country's central bank, Nepal Rastra Bank, foreign currency reserves fell by more than 16 per cent to 1.17tn Nepali rupees ($9.59bn) in the seven months to the middle of February.
According to the figures released by the Ministry of Commerce & Industry India’s exports, Merchandise and Services combined in February 2022 are estimated to be USD 57.03 Billion, exhibiting a positive growth of 25.41 per cent over the same period last year and a positive growth of 27.07 per cent over February 2020.
The trade balance marked red ink for the fourth month in a row with imports rising for the 10th consecutive month on growing prices of crude oil from producers such as the United Arab Emirates.
"Non-petroleum and non-gems and jewellery exports in September 2021 were $25.34 billion, as compared to $21.33 billion in September 2020, registering a positive growth of 18.82 per cent,"
There are an estimated 139 million migrants in the country and due to the pandemic and the lockdown, about 400 million workers would be poverty-stricken.
