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Archive by category "Export News"

July 10, 2018
NEW DELHI: India and South Korea will reduce duties on 11 tariff lines in a bid to expand bilateral trade by updating their existing free-trade agreement, called the comprehensive economic partnership agreement (CEPA). “Both countries have agreed to tariff concessions on 11 lines,” said an official in the know of the details. The revised CEPA […]
India may not be directly affected if a global trade war erupts but of greater impact on its economy may be second-order effects such as surge in commodity prices, McKinsey’s global CEO Kevin Sneader told Vinod Mahanta and Sachin Dave in Mumbai. In his first media interview after taking over at McKinsey on July 1, Sneader also spoke about the consultant’s […]
July 4, 2018
NEW DELHI: Commerce Minister Suresh Prabhu today said he is expecting around 20 per cent growth in exports in June. In May, exports recorded over 20 per cent growth and it looks like June will also be the same, he said. The minister was addressing exporters on preparing strategy to add 100 billion dollar to […]
July 3, 2018
KOCHI: Striking a new high, India’s seafood export at 13, 77,244 tonnes earned Rs 45, 106.89 crore in 2017-18. The quantity was up by 21.35% while the value rose 19.1% over the previous year. In dollar terms the export fetched $ 7.08 billion as against $5.77 billion a year ago with frozen shrimp and fish […]
June 27, 2018
China will cut import tariffs on goods from India and certain Asia-Pacific countries, starting from July 1, China’s central cabinet announced today. China will reduce tariffs on soybean imported from India, South Korea, Bangladesh, Laos, and Sri Lanka from the current three per cent to zero, official media quoted the decision by State Council, China’s […]
June 25, 2018
HIGHLIGHTS The commerce and industry minister hoped that small and medium enterprises would create more economic opportunities and become the driver of a new India The minister’s remarks came a day after India decided to raise customs duty on 29 products NEW DELHI: India is trying to resolve trade disputes with several countries and is […]
The Tamil Nadu government yesterday announced banning use of plastic items, including non-biodegradable bags, from January 2019 in the interest of the environment and to “gift a plastic-free” state to future generations. Chief Minister K. Palaniswami’s announcement in the state assembly coincided with International Environment Day [05-06-2018]. Late chief minister J. Jayalalithaa had earlier constituted […]
June 4, 2018
Shark fins from endangered species including the giant, placid whale shark were found in a Singapore Airlines shipment to Hong Kong in May, highlighting the widespread challenges the Chinese territory faces in regulating the trade. The 980-kilogram  shipment of assorted fins came from Colombo, Sri Lanka, via Singapore.              Singapore […]
May 12, 2018
“Day Zero,” when at least a million homes in the city of Cape Town, South Africa, will no longer have any running water, was originally scheduled for April. It was recently moved to July. The three-year long drought hasn’t ended, but severe water rationing—limiting people to a mere 13 gallons (50 litres) per person per day—has made […]
May 12, 2018
THE pre-Green Revolution diversified agriculture of Punjab has turned into a wheat-paddy cycle. The so-called high yielding variety (HYV) seeds of wheat and paddy are giving high yield because of their high degree of responsiveness to water and chemical fertilisers. The area under paddy in Punjab increased from 2.27 lakh hectares in 1960-61 to 11.83 […]
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