Duty concession on gold will be major concern for India under proposed FTA with Peru: GTRI

India and Peru are negotiating a free trade agreement to promote bilateral trade and investments between the two countries. The Global Trade Research Initiative (GTRI) has highlighted the challenge of duty concessions on gold, which accounts for 80% of India’s imports from Peru. Gold, a high-value product with low volume, attracts a 10% basic customs […]

Uttar Pradesh has transformed from a BIMARU state to a most-favoured state through honest governance. The fight against corruption has seen notable successes in states like Telangana and Andhra Pradesh. The government aims to build an inclusive society and empower the less privileged.

Working capital cycle refers to the period between payments made to suppliers and revenue received from sales. The report also said that pressures on cash flow, although moderate for large entities, will further increase borrowings, especially for sectors such as iron and steel, auto and auto ancillaries, chemicals and textiles, which have seen a year-on-year […]

The text circulated on January 29 includes all elements, but the divergent views of the US and EU need to be considered. The US wants market access reforms, while the EU opposes any changes in market access.

The Prime Minister’s Office (PMO) is expected to conduct a review of the potential impact of the Red Sea crisis on trade, as exporters anticipate that trade in March and April may be affected. According to an official, there hasn’t been any adverse impact on exports thus far due to the crisis. However, traders foresee […]

As per the ministry, the government has made concerted efforts to control the high external sector vulnerability inherited from the UPA government. The average current account deficit to gross domestic product has come down significantly to 1.1% between FY15-33, relative to an average of 2.3% of GDP between FY05-14. The ministry highlighted that India was […]

The Standing Committee on Commerce also recommended that a robust mechanism to support and equip MSMEs to counter the adverse effects of CBAM must be implemented on priority basis.

The Indo-Canada Chamber of Commerce (ICCC) highlighted the progress of its India Mission 2024, led by President Murarilal Thapliyal, in enhancing trade relations between India and Canada. The delegation initiated discussions in Delhi, engaging with policymakers and business leaders at various forums.

China has extended anti-dumping duties on imports of o-chloro-p-nitroaniline originating in India for another five years. China first imposed the duties for five years as of February 12, 2018 at rates of 31.4-49.9 per cent. According to the MOFCOM website, from 1995 to 2023, India initiated 336 anti-dumping investigations against China.

The oil exports are likely to remain subdued during the year, contracting by USD 12.5 billion compared to FY23, the bank said. The outlook is subject to risks of uncertain prospects for advanced economies, geopolitical shocks, and the Middle East crisis, leading to the intensification of the Red Sea crisis and deepening geo-economic fragmentation, among […]