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Nov 26

Govt should cut import tax on goods to lessen need for export schemes: GTRI

Reducing import duties on inputs and capital goods could help the government cut down the need for many of the existing export schemes, think tank GTRI said on Friday.This would be an important step as India continues to face challenges in managing these incentives within the framework of international trade laws, it said. The Global Trade Research Initiative (GTRI) said that many countries, including major trade partners of India like the European Union (EU) and the US continue to declare Read Full Details…

Government imposes minimum export price on Onion

Oct 29

Government imposes minimum export price of $800 per tonne on onion till December 31

The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a view to increase the availability of the vegetables in the domestic market and contain prices. nd other vegetables at a local market, in New Delhi. File | Photo Credit: Sushil Kumar Verma The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a Read Full Details…

Oct 24

Recent Top Countries With the Highest Demand for Gold Jewelry

Gold has long been a symbol of wealth, luxury, and beauty. For centuries, it has been treasured by cultures around the world for its enduring value and exquisite craftsmanship. In recent times, the demand for gold jewelry has seen significant fluctuations, influenced by economic, cultural, and societal factors. This article explores the recent top countries with the highest demand for gold jewelry and delves into the reasons behind their unwavering affinity for this precious metal. IndiaIndia has always had a Read Full Details…

Oct 24

India’s trade deficit widens to 10-month high of $24.16 billion in August

If seen on month, the trade deficit was up almost 17 percent over July’s $20.67 billion gap between goods imports and exports. India’s merchandise trade deficit widened to a 10-month high of $24.16 billion in August, as imports surged due on account of festive buying in India. If seen on month, the trade deficit was up almost 17 percent over July’s $20.67 billion gap between goods imports and exports. Imports of the country were recorded at an 8-month high, with Read Full Details…

Oct 24

Diplomatic tensions: Trade relations, and India’s agri imports from Canada

Diplomatic tensions between New Delhi and Ottawa continued to escalate on Thursday (September 21), with India stopping visa services in Canada and Canada “adjusting its staff presence in India”. Amid the ongoing standoff, we take a look at India and Canada’s trade ties. India-Canada tradeIndia’s total trade with Canada in the last (2022-23) financial year was $8 billion — that’s 0.7% of India’s total trade ($1.1 trillion) with the world. The share has remained this way at least for the Read Full Details…

Oct 22

Indian govt extends restriction on sugar exports beyond Oct 31

Directorate General of Foreign Trade (DGFT) on Wednesday announced that the restriction on export of all varieties of sugar has been extended beyond October 31, according to the notification. “This restriction is not applicable to sugar being exported to EU and USA under CXL and TRQ quota as per prescribed procedure in the respective public notices,” said the notification. India, the world’s second-largest sugar exporter last year had placed sugar in a restricted category until October 31, 2023 ‘to prevent Read Full Details…

Oct 02

Why Exports Might Not Always Be in Favor of India?

India is often hailed as an emerging economic powerhouse, and its exports play a crucial role in shaping its economic landscape. Exporting goods and services can undoubtedly bring numerous benefits to a country’s economy, including increased revenue, job creation, and economic growth. However, it is essential to examine the nuanced aspects of exports and consider whether they are always in favor of India. In this blog post, we will delve into the reasons why exports might not always be in Read Full Details…

The G-20 Summit's Crucial Focus on Addressing Economic Crises, Environmental Challenges, and Intergovernmental Conflicts

Sep 10

The G-20 Summit’s top priority is to address economic crises, environmental challenges, and intergovernmental conflicts

The G-20 Summit’s Crucial Focus on Addressing Economic Crises, Environmental Challenges, and Intergovernmental Conflicts

Sep 10

The G-20 Summit: A Crucial Forum for Addressing Future Economic Crises, Environmental Challenges, and Intergovernmental Conflicts

The Group of Twenty, or G-20, is a prominent international forum that convenes leaders from the world’s largest economies to discuss and collaborate on pressing global issues. While the G-20’s agenda encompasses a wide range of topics, it has increasingly become a vital platform for addressing future economic crises, environmental challenges, and intergovernmental conflicts. In this article, we will explore how the G-20 summit serves as a critical mechanism for addressing these pressing global concerns. 1. Economic Crises and Financial Read Full Details…

Sep 10

G20 Summit in India: Future Economic Goals and Mutual Benefits for Participating Countries

The G20 Summit, which brings together leaders from the world’s largest economies, plays a pivotal role in shaping global economic policies and fostering international cooperation. In the coming years, as India gears up to host the G20 Summit, the world is looking forward to a summit that promises to address pressing global challenges and set the stage for a future characterized by mutual benefits for participating countries. India’s Stature in the Global Economy India’s hosting of the G20 Summit signifies Read Full Details…