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  • Government scraps incentive on milk powder exports to check prices 09-07-2014 10:04 PM

    New Delhi: With milk prices shooting up, the government on Wednesday decided to scrap the incentive on export of skimmed milk powder (SMP) to boost domestic supply and cool prices. With possibility of shortage of fodder in view of deficient monsoon affecting milk production, the Cabinet Committee on Economic Affairs...
  • Agricultural exports up 5.1% to US dollar 37.29 billion in 2013-14: Survey 09-07-2014 05:11 PM

    New Delhi: Agricultural exports, including marine, increased by 5.1 per cent to US dollar 37.29 billion in 2013-14, on account of jump in exports of rice. Exports of agriculture and allied products in 2011-12 accounted for 9.08 per cent of India's total exports as against 6.9 per cent in 2010-11,...
  • Government raises minimum export price of onions to $ 500 per tonne 02-07-2014 01:50 PM

    New Delhi: With onion prices soaring in several parts of the country, the government has got cracking. The minimum export price of onions has been raised to $ 500 per tonne. This is the second raise in two weeks. The Centre had imposed a minimum export price of $ 300...
  • Azam Khan tells UP BJP to ask Centre to ban meat export 25-06-2014 06:36 PM

    UP Minister Azam Khan on Wednesday said problem of illegal slaughtering of lactating animals can be solved if the Centre brings a policy banning meat export. Khan, while replying to an adjournment notice moved by BJP legislators Laxmikant Bajpai and Radha Mohan Das in the state Assembly on slaughtering of...
  • Atomic export group to discuss ties with nuclear-armed India 24-06-2014 09:21 PM

    Vienna: An influential world body that controls nuclear exports will address the sensitive issue of closer ties with India - which is outside the nuclear Non-Proliferation Treaty - at an annual meeting this week, a draft agenda obtained by Reuters showed. The United States, Britain and others have argued that...
  • India can export fighter planes, missiles: DRDO chief 22-06-2014 02:02 PM

    New Delhi: With Prime Minister Narendra Modi stressing on the need for increasing arms exports, DRDO has said India can sell combat aircraft and missiles whose production cost would be "much lower" than some of the weapons sold by countries such as China. Defence Research and Development Organisation (DRDO) chief...
  • India's exports grow at fastest pace in 7 months in May 11-06-2014 10:39 PM

    New Delhi: India's exports grew by a double-digit pace for the first time in seven months in May, narrowing the trade deficit and setting the ground for easing of restrictions on gold imports. Exports last month rose 12.4 per cent to USD 28 billion from a year earlier, while imports...
  • India-UK trade grows by 6.6 pc in 2013 13-05-2014 10:49 PM

    London: Trade between India and the UK has registered a 6.6 per cent growth in 2013 touching 16.4 billion pounds, according to latest figures released. The UK's Office of National Statistics (ONS) data shows that the total value of two-way trade of goods and services between the UK and India...
  • BJP could curb beef exports if voted to power 11-05-2014 07:54 AM

    Nw Delhi/Mumbai: The Bharatiya Janata Party says it plans to clamp down on beef exports if it takes power after general elections that end on Monday, threatening supplies from one of the world's biggest shippers of the meat. Surprisingly in a country where so many view cows as sacred, India...
  • US senators against export of natural gas to India, China 10-05-2014 08:37 AM

    Washington: A bi-partisan group of 22 American senators have expressed reservation on the export of natural gas to Asian countries such as India and China, arguing that such a move by Obama Administration would result in an increase in cost for consumers and businesses at home. "Natural gas prices in...
  • Government, industry ask EU to lift ban on India mango exports 30-04-2014 06:43 PM

    New Delhi: The government and exporter body FIEO have asked the European Union to lift a ban on mangoes shipped from India, saying concerns raised by the 28-nation bloc about the quality of the fruit have been addressed. Commerce and Industry Minister Anand Sharma has written to EU Trade Commissioner...
  • Gold jewellery exports climb, set to keep rising 30-04-2014 02:22 PM

    Gold jewellery exports from India rose for a second straight month in March as raw material supply improved after the RBI allowed more banks to import bullion, with industry officials saying the upward trend looks set to continue. Struggling with a ballooning trade deficit, India last year imposed a record...
  • EU ban on Indian mangoes: Good for domestic buyers, bad for growers 29-04-2014 01:13 PM

    New Delhi: The European Union (EU) banning the import of Indian mangoes is good news for domestic consumers and really a shock for the mango growers and exporters. The price of the top quality Alphonso mango price has come down by Rs 100-150 per kilo in major markets like Delhi,...
  • Exports up 3.98 per cent to $312.35 billion in 2013-14 11-04-2014 03:25 PM

    New Delhi: India's exports grew by 3.98 per cent to $312.35 billion in FY 2013-14 while imports dipped by 8.11 per cent during the period. Imports declined to $450.94 billion, narrowing the trade deficit to $138.59 billion in the last fiscal. In FY 2012-13, trade deficit stood at $190.33 billion....
  • Government bans onion export, removes minimum export price 05-03-2014 12:30 AM

    Government on Tuesday removed restrictions on onion exports by doing away with the minimum export price (MEP), a move aimed at boosting shipments. "Requirement of MEP on export of onions stands removed," Directorate General of Foreign Trade (DGFT) said in a notification. In December 2013, the MEP was reduced to...
  • US challenges India's solar export restrictions 11-02-2014 07:20 AM

    Washington: The US on Monday challenged the domestic content requirement of India's solar mission, which it alleged is discriminatory and against international norms, including WTO laws, and badly affects the American domestic solar panel manufacturing industry. As the US Trade Representative, Mike Froman, announced his decision, officials argued that they...
  • Infosys struggles to retain talent as top level executives quit 10-01-2014 03:03 PM

    Already facing an exodus of top management, Infosys is also struggling to retain talent at mid and junior levels, with 1,823 people leaving the firm in the October-December quarter. The country's second-largest software exporter added 6,682 employees on gross level in the reported quarter, but the total headcount was lower...
  • Gold comes off all-time high, silver declines during 2013 22-12-2013 01:43 PM

    Gold slipped from its peak level and was poised to end 2013 below last year's closing price after the government increased customs duty to 10 per cent and imposed import restrictions to contain increasing demand for the precious metal. As of December 21, the price of 10 grams of gold...
  • Despite economic slowdown, India's exports to US, Europe rise 18-12-2013 03:58 PM

    Despite global economic slowdown, India's exports to the US and Europe have grown in the first seven months of the current fiscal year, government data showed Wednesday. "In the first seven months of current fiscal year, 2013-14 exports to Europe and the US have increased in comparison to the corresponding...
  • Gold jewellery exports fall 6.9 per cent in October 25-11-2013 01:36 PM

    Exports of gold jewellery from India fell 6.9 per cent on month in October to $608.95 million, an industry body said on Monday. India, which is fighting hard to reduce its current account deficit, has brought in measures to restrict imports of gold -- its second-biggest import item after oil...
  • Maruti Suzuki October sales up 2 per cent 01-11-2013 03:03 PM

    Maruti Suzuki on Friday reported a rise of 1.9 per cent in its October sales which stood at 105,087 units from 103,108 units sold in last year's corresponding month. Exports during the month under review were up 27 per cent, 9,025 units from 7,106 units shipped overseas during the same...
  • CBI team steps up probe into illegal iron ore export scam 27-10-2013 07:30 AM

    Hospet: Intensifying its probe into illegal iron ore export scam, a 10-member team of CBI officials today began grilling several persons from mining firms and transport companies in connection with the case. The members also visited stockyards and mining areas in the mine-rich Bellary district, officials said. The team would...
  • No need to ban onion exports, says Prithviraj Chavan 24-10-2013 07:17 PM

    Maharashtra Chief Minister Prithviraj Chavan on Thursday said that he doesn't think it was necessary to put a ban on export of onions. "Fresh arrivals of onions, plenty of arrivals, new crops will come in another 15 days, so there will be no shortage at all," asserted Chavan. He added...
  • Government may ban onion exports to check price rise 22-10-2013 03:42 PM

    The government is mulling banning onion exports to contain prices, which have risen back to the Rs 80-90/kg level in the national capital owing to supply crunch. Not only in Delhi, consumers in other parts of the country are affected by rise in onion prices. In major cities, onion is...
  • Trade deficit dips to $6.76 bn in September 2013 09-10-2013 12:30 PM

    New Delhi: India's exports grew 11.15 per cent in September 2013 and imports declined 18.1 per cent amid a sharp fall in inward shipments of gold and silver, taking the trade deficit to the lowest level in 30 months. Exports last month climbed to $27.68 billion, while imports stood at...
  • US shutdown to hit exports; pharma, IT see no immediate impact 01-10-2013 10:17 PM

    New Delhi: Indian exports face additional costs due to delays at ports and airports in the US in the wake of government shutdown, but sectors like IT and pharma are likely to remain unscathed as their business is not directly linked to federal spending. "The shutdown of the US government...
  • Karnataka MLA arrested in illegal ore export case 19-09-2013 09:32 PM

    Bangalore: The Central Bureau of Investigation (CBI) Thursday arrested Karnataka lawmaker T.S. Suresh Babu for his alleged involvement in the illegal export of iron ore from Belekeri port on the state's west coast. "Babu has been taken into custody at Bellary and brought to Bangalore for investigation into the case,...
  • CBI arrests Bellary Reddys' party MLA 19-09-2013 04:51 PM

    Bangalore: The CBI has arrested another MLA of the jailed G Janardhan Reddy group in Karnataka in the Belekeri illegal iron ore export case. The MLA, Suresh Babu of the BSR Congress party, is also a nephew of infamous Reddys' close aide B Sriramulu. He represents Kampli Assembly segment in...
  • CBI arrests Reddy's aide in Belekeri ore export scam 04-09-2013 11:23 PM

    Bellary: A close associate of former Karnataka Minister and mining baron G Janardhana Reddy was arrested on Wednesday by CBI in connection with an alleged iron ore export scam. K S Somashekhar, who is also the owner of a transport company, was picked up and questioned for his alleged role...
  • Russia denies delivering new weapons to Syria 31-08-2013 02:51 AM

    Moscow has not supplied Syria with new weapons since 2011 unless those envisaged by contracts signed before, state arms export agency Rosoboronexport said on Friday. "Currently Russia executes the contracts signed prior to 2011. They are 100 per cent defensive, like anti-aircraft and coastal defence systems," RIA Novosti news agency...