Commerce Ministry

Commerce Ministry News

Union Budget 2023: Commerce Ministry seeks cut in gold import duty to push jewellery exports

In July this year, the centre hiked gold import duty to 15 per cent from 10.75 per cent to check…

Updated: December 30, 2022 14:34 IST

commerce, commerce ministry, niti aayog, tobacco, tea, rubber, coffee, spices

Commerce ministry may engage with Niti Aayog to rework draft bills on tea, coffee, 3 others

Earlier this year, the ministry proposed the repeal and updation of decades-old laws on these sectors and to introduce new…

December 18, 2022 14:18 IST

Finance ministry, commerce ministry seized of issue of duty structure: Niti Aayog Vice Chairperson

Finance minister Nirmala Sitharaman will announce the tax proposals in the Union Budget 2023-24 which is scheduled to be presented…

Updated: December 9, 2022 18:40 IST

Working on law to promote ease of doing biz; may bring bill in winter session: Piyush Goyal

The minister urged the industry to “quickly” give feedback on reducing compliances and decriminalising unnecessary sections.

September 30, 2022 15:52 IST

dpiit, commerce, industry, government of india, laws

DPIIT working on law to decriminalise different provisions related to minor offences

Citing some examples, the official said at present there are jail terms for small offences like not doing whitewash in…

September 18, 2022 15:30 IST

Trade deficit eases a tad in August from July peak

Still high for comfort; exports drop marginally.

September 4, 2022 06:15 IST

Commerce department rejig to make it future-ready: Piyush Goyal

This is part of the broader efforts to make the ministry “future ready” and put in place an ecosystem to…

August 24, 2022 07:47 IST

Commerce ministry to push for direct tax sops under DESH Bill

In the past, the revenue department often flagged losses of potential revenue due to support being extended to SEZs.

Updated: August 10, 2022 13:21 IST

Exports rise to $37.94 bn in June; trade deficit at record $25.63 billion

According to the preliminary data released by the commerce ministry on Monday, exports hit $37.94 billion in June, a record…

July 5, 2022 08:22 IST

Commerce ministry to conduct outreach programmes to promote UAE, Australia trade pacts

“The main objective of these programmes is to inform Indian exporters about the export opportunities which these trade agreements will…

April 21, 2022 14:51 IST

India’s sugar exports rise to $4.6 billion in 2021-22

India exported sugar to 121 countries across the globe, the commerce ministry said.

April 18, 2022 21:00 IST

Commerce and Industry Minister Piyush Goyal

Commerce ministry relooking at processes to rejig way of working, says Piyush Goyal

The government is planning to revamp the commerce department which will have a more coherent trade promotion strategy with clear…

Updated: March 29, 2022 21:30 IST

Govt deliberating on e-commerce policy draft: CAIT

A delegation of the Confederation of All India Traders (CAIT) met the minister and presented a white paper on e-commerce.…

March 21, 2022 18:47 IST

Commerce ministry to start online module for filing registration for interest equalisation scheme

The interest rates under the scheme have been revised downwards to 2 per cent and 3 per cent for specified…

March 15, 2022 21:20 IST

Commerce Ministry extends deadline for exporters to submit applications for pending dues

Exporters can claim pending refunds under the Merchandise Exports from India Scheme (MEIS), RoSCTL (Rebate of State and Central Levies…

March 9, 2022 13:10 IST

India, US in dialogue to boost economic ties

Commerce and Industry Minister Piyush Goyal said that both countries are working on many things to further boost economic ties.

February 20, 2022 23:07 IST

DGTR had conducted the probe following a complaint from Alkali Manufacturers Association of India (AMAI), which had requested for a probe. (File)

Commerce Ministry proposes anti-dumping duty on a chemical from four nations

The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers…

December 24, 2021 16:23 IST

In February, oil imports declined 16.63 per cent to USD USD 8.99 billion. It was down 40.18 per cent to USD 72.08 billion during the 11-month period of the current fiscal.

January exports growth hits 22-month high: Commerce ministry data

Imports, too, recorded a second successive month of growth (2% year-on-year) in January but the pace of rise slowed from…

February 16, 2021 06:00 IST

RCEP, India Asean, Asean plus six, Narendra Modi, Agriculture, New Zealand, Australia

RCEP: Experts warn of adverse impact on agriculture, dairy sector ahead of PM Modi’s Bangkok visit

RCEP: Farmers have called for a nationwide protest on November 4 when PM Modi will be meeting with the leaders…

November 1, 2019 19:22 IST

India Asean trade, RCEP, Narendra Modi, RCEP News, Jairam Ramesh, Protest

RCEP: ‘India doesn’t have quality research or information to negotiate a good trade deal’

Farmers groups and the Congress have criticised the government for not sharing the details of proposed agreement with ASEAN and…

October 28, 2019 21:28 IST

startups, SME, narendra modi, mobile app, web portal

Helping hand: Govt launches mobile app, portal for startups to protect their intellectual property rights

Startup: The Modi govt has launched a dedicated mobile application and portal to help Indian startups and SMEs with IPR…

October 14, 2019 22:46 IST

FDI Commerce & Industry Ministry releases annual FDI compendium

With a view to provide a ready reckoner to foreign investors, the Commerce and Industry Ministry today came out with…

June 8, 2016 14:23 IST

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