India’s Food Secretary on Friday said that the nation is considering to cut import tax on wheat. He said that the government is committed to control inflation in India.
India considering cutting import tax on wheat, says Food Secy Sanjeev Chopra
At the CII India-Latin America & Caribbean (LAC) Region Conclave, Piyush Goyal said that at the last WTO ministerial, many countries were trying to divide such countries through “small sops”.
Review exporter caution-listing: RBI Panel
3 years ago
The age-old mechanism of placing exporters who fail to bring in foreign exchange in time on the ‘caution list’ may be examined. An internal working group of the Reserve Bank of India (RBI) has recommended rationalisation of the caution-listing process, two persons told ET.
Ahead of a key ministerial conference of the World Trade Organization (WTO) early next year, commerce and industry minister Piyush Goyal cautioned emerging markets, developing countries and the least developed countries of the developed countries’ “game of dividing” them to get agreements on fisheries and e-commerce moratorium that address the needs of a few countries […]
The Indian high commission in Maputo has issued a press release to inform all exporters of tur/arhar dal in Mozambique that they can export it to India under ‘free category’ without any upper limit on quantities and without import duty till March 31, 2024.
India’s July edible oil imports at record high
3 years ago
India’s edible oil imports hit a new record of 1.76 million metric tonnes in July, as refiners stockpiled ahead of upcoming festivals amid concerns over supplies from the Black Sea region. Higher imports could reduce sunflower oil stocks in other countries and also support benchmark futures for palm and soyoil. India’s monthly average edible oil […]
The Reserve Bank of India (RBI) has approved 34 applications from different Russian banks for opening special rupee vostro accounts in 14 Indian commercial lenders as of July 2, Parliament was informed on Wednesday. India’s trade with Russia has been affected by difficulties in payment due to western countries’ sanctions on major Russian banks, Minister […]
Russian wheat may shore up domestic stock
3 years ago
Prices have risen as the government has imposed stockholding limits and sold the grain in the open market to traders amid concerns about a shortfall in domestic production.
India and the UK are close to finalizing a free trade agreement (FTA), with the 12th round of talks set to take place in August. The talks are expected to cover issues such as investment, reduced duties on autos and whiskey, and trade in services. Of the 26 chapters in the proposed FTA, 19 have […]