Export

  • India will not back WTO protocol unless concerns addressed: Sources 6 days ago

    New Delhi: India will not support a trade protocol ahead of a July 31 deadline unless concerns about its food subsidies are met, two senior government officials said on Wednesday, a position that threatens to derail a landmark global trade deal. The determination to link its food subsidy programme, aimed at...
  • India to lose top rice exporter spot to Thailand after poor monsoon July 21, 2014

    Mumbai/Bangkok: Thailand is set to reclaim its status as the world's top rice exporter as weak monsoon rains curb India's crop, helping the Southeast Asian country's new military government offload bulging stockpiles. Fewer Indian exports would allow Bangkok to win better prices for the grain that it has been selling at...
  • No plans for exporting LCA, missiles for now July 18, 2014

    New Delhi: There is no proposal at present to export the indigenous Light Combat Aircraft (LCA) or BrahMos missile, parliament was told on Friday. "There are no proposals at present to export the Light Combat Aircraft (LCA) Tejas and BrahMos supersonic cruise missile," Jaitley told the Lok Sabha in a written...
  • June trade deficit touches 11-month high at $11.76 billion July 16, 2014

    New Delhi: The June trade deficit touched 11-month high to $ 11.76 billion against $ 11.23 billion (MoM) and $ 11.28 billion (Y-o-Y). Though the imports dipped slightly to $ 38.24 billion against $ 39.23 billion on a month on month basis, it grew 8.3 per cent on a year...
  • Government scraps incentive on milk powder exports to check prices July 9, 2014

    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 (CCEA)...
  • Agricultural exports up 5.1% to US dollar 37.29 billion in 2013-14: Survey July 9, 2014

    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, says...
  • Government raises minimum export price of onions to $ 500 per tonne July 2, 2014

    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 June 25, 2014

    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 lactating...
  • Atomic export group to discuss ties with nuclear-armed India June 24, 2014

    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 nuclear-armed...
  • India can export fighter planes, missiles: DRDO chief June 22, 2014

    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 Avinash Chander...
  • India's exports grow at fastest pace in 7 months in May June 11, 2014

    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 fell...
  • India-UK trade grows by 6.6 pc in 2013 May 13, 2014

    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 May 11, 2014

    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 has...
  • US senators against export of natural gas to India, China May 10, 2014

    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 Asia...
  • Government, industry ask EU to lift ban on India mango exports April 30, 2014

    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 Karel...
  • Gold jewellery exports climb, set to keep rising April 30, 2014

    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 duty...
  • EU ban on Indian mangoes: Good for domestic buyers, bad for growers April 29, 2014

    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 April 11, 2014

    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. However, in...
  • Government bans onion export, removes minimum export price March 5, 2014

    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 USD 150...
  • US challenges India's solar export restrictions February 11, 2014

    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 have...
  • Infosys struggles to retain talent as top level executives quit January 10, 2014

    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 by...
  • Gold comes off all-time high, silver declines during 2013 December 22, 2013

    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 had...
  • Despite economic slowdown, India's exports to US, Europe rise December 18, 2013

    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 period...
  • Gold jewellery exports fall 6.9 per cent in October November 25, 2013

    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 November 1, 2013

    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 month...
  • CBI team steps up probe into illegal iron ore export scam October 27, 2013

    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 stay here...
  • No need to ban onion exports, says Prithviraj Chavan October 24, 2013

    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 October 22, 2013

    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 being...
  • Trade deficit dips to $6.76 bn in September 2013 October 9, 2013

    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 $34.4...
  • US shutdown to hit exports; pharma, IT see no immediate impact October 2, 2013

    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 will...