Foreign trade

GST Council Cuts Tax on 40 Items

While air conditioners and dish washers were not removed from the 28 percent slab, three items were moved from 18 percent to 12 percent, one item was shifted from 18 percent to 5 percent along with other changes in tax rates as well. New ...

Indian Premier League 2019 Auction: Yuvraj Singh Enters with Rs 1crore base price

The Indian Premier League 2019 (IPL) auction will happen on December 18 in Jaipur and the momentum has already picked up with some significant names reportedly opting out. As reported by ESPNCricinfo, flamboyant Australian batsmen Glenn Maxwell ...

Cashew exports may fall to 25-year low

India’s cashew exports could drop to an over two-decade low this financial 12 months as traders maintain to head gradual on shipments because of falling prices in overseas markets. Processor exporters—who depend upon imported nuts for over 60% of ...

100% import duty hits walnut exports from California

Even as the nutritional benefits of walnuts are boosting consumer demand, the 100 percent import duty and currency weakness have affected the exports to India, said California Walnuts Commission (CWC). Walnut exports to India are likely to ...

Farm exports to trade-war hit China

India requires more than just import curbs to narrow its current-account deficit. It needs to tap a new crop of measures, literally. Expanding agricultural exports such as soybeans and cotton to China by exploiting opportunities from a global ...

How AI can be a boon for international trade

Mumbai: Across the world, artificial intelligence (AI) generates enormous excitement about its potential but little is known about its economic effects. According to a new study, one area where AI could prove influential is international trade. In a ...

US Oil Exports Fall As India Turns To Iran

U.S. oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 percent from a record high of 347,000 bpd in June, Kpler data showed. India accounted for 12 percent of U.S. crude exports in June. India has been one of the top ...

US-China trade war: Beijing to resume Oil meal imports

China to import 5 lakh tonne of rapeseed meal, may resume soy meal imports too After a gap of six years, China is all set to resume import of oil meal from India, a move that could double India’s exports of rapeseed meal, popular cattle and poultry ...

Govt Waives Import Duty on 35 Capital Goods to Boost Mobile Phone Manufacturing

New Delhi: The government has exempted 35 machine parts used for manufacturing mobile phone components from the basic customs duty to promote handset production in the country, according to an official notification. In a notification dated ...

government hikes duty incentives for export of milk products

NEW DELHI: The government has again hiked duty benefits for exports of as many as 28 milk related products such as cheese and yoghurt under a scheme to boost their overseas shipments.  The duty benefits were enhanced under the Merchandise Export ...

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