Page 2 of Commerce Ministry

Govt extends interest equalisation scheme till Sept 30 only for MSME exporters

The scheme was earlier extended till August-end for MSME exporters from June this year while the claims of non-MSME exporters…

September 4, 2024 13:04 IST

The exporters from Micro Small and Medium Enterprises exporters got a rebate of 3% on loans under the scheme.

Commerce ministry seeks 5-year interest subsidy extension for exporters

Till June the interest equalisation scheme provided upfront reduction in interest rates on per-shipment and post shipment export credit by…

August 31, 2024 00:30 IST

Growth of e-commerce through predatory prices is a concern for small retailers: Piyush Goyal

He said that the growth of e-commerce doesn’t attack every corner of the retail store but it is a matter…

August 21, 2024 17:13 IST

commerce ministry, commerce minister, india inc, opinion

Protectionist India Inc?

Commerce minister’s strong words point to important stakeholder resistance to FTAs.

August 3, 2024 03:15 IST

India permits 64,400 tonnes of onion exports to UAE, Bangladesh

“Export of 14,400 tonnes of onions, with a quantity ceiling of 3,600 MT (metric tonnes) quarterly, to UAE through NCEL…

Updated: March 4, 2024 12:34 IST

piyush goyal, commerce minister, export, msme exports, trade connect eplatform, startups, bharat mandapam, free trade agreements, exports, merchandise and services, dgft, rodtep, ecommerce exports

New ‘Trade Connect’ platform in the works to help new exporters, MSMEs boost exports

The platform is likely to be ready in three to four months, according to the Commerce Ministry.

January 17, 2024 11:58 IST

startup india, commerce ministry, fund of funds, ffs scheme, startup fund, layoffs, paytm, byju's ola, startup jobs

Average 11 jobs created by each startup; Rs 17,272 crore invested in 915 startups: Startup India review

“Several programs have been implemented over the years under the Startup India initiative to support entrepreneurs, build a robust startup…

December 26, 2023 18:34 IST

msmes, startups, cheap goods, chinese imports, wto, anti dumping duty

DGTR suo-motu initiates probe into dumping of 4 Chinese goods to guard MSMEs against cheap imports

Directorate General of Trade Remedies Anant Swarup said that these products are mainly manufactured by MSMEs. He said that the…

November 16, 2023 11:53 IST

Copper manufacturers, DPIIT, BIS, quality control order, Commerce ministry, small businesses, msme, business news

Commerce ministry provides relaxation to micro, small enterprises in implementation of Quality Control Orders

With the implementation of the QCOs, manufacturing, storing and sale of non-BIS certified products will be prohibited as per the…

October 23, 2023 18:45 IST

Chinese glass, Chinese glass import, anti dumping duty on Chinese glass,

Commerce ministry recommends anti-dumping duty on imports of Chinese glass for 5 years

Federation of Safety Glass, an association of safety/speciality glass processors, had filed an application to initiate the anti-dumping investigation.

September 2, 2023 13:17 IST

Gem, Government e-marketplace news, MSME, MSME news, ministry of commerce news

Govt’s GeM portal hits Rs 1 lakh crore GMV in 145 days this fiscal vis-a-vis 243 days in FY23

At the time of filing this report, GeM had a GMV of Rs 1.04 lakh crore in the current FY.…

August 25, 2023 12:05 IST

msme news, IPMA, e-commerce, piyush goyal, small business, business news india, e-commerce laws, e-commerce policy, foreign e-commerce companies, indian traders, india, india news, GeM platform, small business

Pipe manufacturers’ body IPMA signs MoU with GeM portal to sell directly to govt

The partnership aims to promote a healthy and diverse business ecosystem through the onboarding of all member sellers under the…

August 23, 2023 11:57 IST

msme news, BIS, Quality control order, ceiling fans, electric ceiling fans, busness news, bis mark, india, india news, dpiit, ministry of commerce, small business

Govt issues quality norms for MSMEs, others making electric ceiling fans

The order has mandated compulsory use of Standard Mark under a Bureau License except for goods manufactured for export and…

August 17, 2023 11:13 IST

free trade pacts, FTA, free trade agreement, trade,

Commerce ministry looking at ways to increase its bandwidth to negotiate free trade pacts

Trade negotiations with partner countries is a dynamic and continuous process for obtaining better market access for India’s exports and…

July 16, 2023 13:28 IST

Robust trade finance ecosystem important to achieve $2 trillion exports target by 2030: DGFT official

Additional Director General of Foreign Trade (DGFT) S C Aggarwal said easy availability of affordable trade finance helps promote export…

Updated: June 8, 2023 15:08 IST

India, EU for expediting ongoing talks for trade agreement

The issue came up for discussion during a meeting between Commerce and Industry Minister Piyush Goyal and Executive Vice-President of…

Updated: May 16, 2023 16:15 IST

GeM, msme, ecommerce, government tender, trade, small business, ease of doing business, gem portal, cashless economy

GeM: Amazon of public procurement surpasses 1 crore transactions

Ease of doing business for MSMEs: As of Tuesday, the total number of transactions or orders processed on GeM stood…

May 9, 2023 14:04 IST

commerce industry, china, korea, indonesia, optical fibre

Commerce ministry recommends anti-dumping duty on optical fibre imported from China, Korea, Indonesia

The Directorate General of Trade Remedies (DGTR) has recommended the duty after conducting an investigation on the dumped imports of…

Updated: May 9, 2023 14:12 IST

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Expect loan, deposit growth at 18-20% in FY26: DCB Bank MD

Business3 hr ago

DCB Bank is targeting a growth of 18-20% in loans and deposits this year, with a reported loan growth of 19.14% and deposit growth of 18.8%. The recent GST reforms and repo rate cut have boosted expectations and impacted consumer behavior. The bank’s focus is on secured, small-ticket lending to SMEs and becoming a full-fledged financial partner. They also aim to reduce slippages.

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