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Trade and Commerce

TREND | 04 Aug 2024

India seeks duty concession on cars, machinery in FTA with Sri Lanka

Business Standard

India is seeking customs duty concession on a number of goods including cars, commercial vehicles and machinery from Sri Lanka under a comprehensive free trade agreement (FTA), talks for which are underway, an official said. India has also sought easier visa norms to further facilitate entry of professionals from here, the official said. The 14th round of talks between senior officials of India and Sri Lanka was concluded recently in Colombo. Issues which came up for the talks included rules of origin, goods, services, and technical barriers for trade. On the other hand, Sri Lanka has sought removal of a quota on apparel exports to India. The island nation is also asking for duty concessions on tea and certain agricultural commodities. The official said that as elections are announced in Sri Lanka, the next round of negotiations between the two countries will be held after that. The two nations have already implemented a free trade agreement in goods and now they are negotiating

Trade and Commerce

TREND | 04 Aug 2024

New office bearers for All India Spices Exporters Forum

Business Line

The All India Spices Exporters Forum, established in the year 1987, works towards protecting the interests of the spice exporters in the country

Trade and Commerce

TREND | 03 Aug 2024

Rajasthan Cabinet approves setting up four joint ventures in energy sector

Business Standard

The Rajasthan Cabinet on Saturday approved a proposal for the setting up of four joint venture companies in the energy sector, which will work on projects related to renewable and thermal power generation and transmission. The state Cabinet chaired by Chief Minister Bhajanlal Sharma also approved the development of metro rail projects in the state. Apart from setting up joint ventures for renewable and thermal power projects and power transmission projects, the Cabinet also cleared the formation of an infrastructure investment trust, according to an official statement. Deputy Chief Minister Premchand Bairwa, Industry and Commerce Minister Rajyavardhan Singh Rathore and Parliamentary Affairs Minister Jogaram Patel informed about the decisions, the statement said. Bairwa said that as per the Metro Rail Policy 2017, the proposal for the formation of a joint venture company between the central government and the state was approved. This joint venture will be for the development, operat

Next round of India-Asean trade agreement review talks in November

Business Standard | 03 Aug 2024

Trade and Commerce

TREND | 01 Aug 2024

Self Sufficiency,Technology,To Aid India To Become 35 Trillion Economy: Commerce Minister

NDTV Profit

Goyal added that EV focus, and reduction in imports of goods, oil seeds, rubber and pulses would help further strengthen the domestic curren

Trade and Commerce

TREND | 31 Jul 2024

India Imported 11.32 Lakh Tonnes Of Pulses In April-May In FY25

NDTV Profit

The country had imported 47.39 lakh tonnes of pulses in fiscal 2024.

Trade and Commerce

TREND | 31 Jul 2024

Government plans 12 new industrial parks and multiple mega textile parks: Piyush Goyal

Economic Times

Commerce Minister Piyush Goyal revealed plans for 12 new industrial parks and mega textile parks, urging private sector participation. Highlighting notable economic progress, he spoke on reducing compliance issues and emphasizing youth and skill development. Minister Jayant Chaudhary echoed a focus on forward-thinking initiatives in the Union Budget for entrepreneurship and education.

Trade and Commerce

TREND | 30 Jul 2024

FTA Negotiations With Japan, Korea, And ASEAN Lagging Amid Industry Concerns: Goyal

NDTV Profit

These pacts are hurting the domestic industry and almost all firms stated that they are 'unfair' agreements, Goyal said.

FTA talks with Japan, Korea, Asean moving slow, India still pursuing: Goyal

Business Standard | 30 Jul 2024

Trade and Commerce

TREND | 29 Jul 2024

Negotiating teams to restart FTA talks with India as soon as possible: UK

Business Standard

The process of getting negotiating teams back in the room will kick-start soon to deliver a Free Trade Agreement (FTA) with India, the UK's newly elected Labour government announced on Monday as it set out its trading priorities. Business and Trade Secretary Jonathan Reynolds spelt out his department's approach to international trade deals, which he said will put economic growth at the heart of the negotiations to achieve high-quality pacts that give British businesses access to international markets and boost jobs. The Department for Business and Trade (DBT) said it also plans to publish a trade strategy which aligns with the government's industrial strategy, enhances economic security and supports net zero ambitions. Boosting trade abroad is essential to deliver a strong economy at home. That's why I've wasted no time taking stock of progress and getting ready to press on with trade talks with our international partners, said Reynolds. From the Gulf to India, our trade programme

Trade and Commerce

TREND | 28 Jul 2024

WTO accepts India's request to delay import duty dispute ruling till Oct

Business Standard

The WTO's dispute settlement body has accepted a request from India and Chinese Taipei not to adopt the ruling against New Delhi's import duties on certain information and technology products till October-end, as both sides are engaged in resolving the matter mutually, an official said. The issue came up during a meeting of the dispute settlement body (DSB) in Geneva on July 26. "The DSB agreed to the latest requests from Chinese Taipei and India," the Geneva-based official said. At the July 26 meeting, India and Chinese Taipei once again requested additional time from the DSB to consider the adoption of the panel rulings in the case initiated by Chinese Taipei regarding India's tariffs on certain high-tech goods. The two sides had asked that the DSB further delay consideration of the panel reports until October 28, 2024, to help facilitate the resolution of the disputes. The dispute body had earlier agreed to four previous such requests from India and Chinese Taipei to delay...

Trade and Commerce

TREND | 27 Jul 2024

Hike in capital gains taxes won't adversely impact market sentiment: Goyal

Business Standard

The Commerce minister termed the criticisms against the hike in capital gains tax and securities transaction tax in derivatives trading as fear-mongering