US conducted countervailing probe on certain Indian goods: Anupriya Patel

The US has conducted countervailing investigations on certain Indian goods, including paper file folders and common alloy aluminum sheet, according to Minister of State for Commerce and Industry Anupriya Patel. The European Commission (EC) has also conducted a similar probe on certain graphite electrode systems.

India’s services exports is now just shy of $200 billion so far in this fiscal year that started April 1 and are likely to jump to $400 billion by the end of the financial year, according to SPEC. Sectors such as tourism, hospitality and medical value tourism are now showing revival signs after the Covid-led […]

Union Commerce and Industry Minister Piyush Goyal held a meeting with the European Free Trade Association (EFTA) delegation led by Swiss State Secretary for Economic Affairs, Helene Budliger Artieda, and Norwegian Minister of Trade and Industry, Jan Christian Vestre, on Wednesday.

India deferred the mandatory requirement of a certificate of inspection by export inspection agencies for shipping both basmati and non-basmati rice to certain European countries by six more months. EIC is the official export certification body of India which ensures quality and safety of products exported from India.

The Directorate of Horticulture and Meghalaya State Agricultural Marketing Board orchestrated the flagging off ceremony of 20 metric tons of Khasi Mandarin to Dubai.

India has exported 26.08 lakh tonnes of basmati rice and 73.18 lakh tonnes of non-basmati rice during the April-October period of this fiscal year. In a written reply to Lok Sabha, Agriculture Minister Arjun Munda shared export data of major food grains.

In India, declaring a 4-digit HSN code is mandatory on goods and services tax (GST) invoices by businesses with turnover up to Rs 5 crore and a 6-digit code on invoices by businesses with a turnover of more than Rs 5 crore

India and Oman are in the process of negotiating a Comprehensive Economic Partnership Agreement (CEPA), and a report by think tank Global Trade Reproach Initiative (GTRI) highlights that over 83.5% of Indian goods, worth $3.7 billion, such as gasoline, iron and steel, electronics, and machinery, could receive a significant boost in Oman once the agreement […]

In the fiscal year 2022-23, India spent Rs 27,131 crore on copper imports, an increase from Rs 21,985 crore in the previous year, as per information shared in Parliament. Responding to a query in the Rajya Sabha, Coal and Mines Minister Pralhad Joshi stated that India’s refined copper production in FY2022-23 was 5.55 lakh tonnes, […]

The share of MSME products in India’s exports increased from 43.59% in FY23 to 45.03% in FY22, with a growth from 49.35% in 2020-21 to 49.77% in 2019-20. The share of MSME manufacturing gross value added (GVA) in India’s manufacturing GVA also increased from 40.3% in FY21 to 40.83% in FY22. The number of MSMEs […]