Photo: Republic World
Exports In India Increases By 45.76% In August, Says Report
The new export-import data released by the commerce ministry on September 14 showed that exports increased by 45.76% from USD 22.83 to 33.28 billion in August. The cumulative figure of exports between April-August 2021 also expanded by 67.33% from the previous year's USD 98.06 billion to USD 164.10 billion. However, imports rose by 51.72% to USD 47.09 billion in August, resulting in a trade deficit of USD 13.81 billion.
Tags: Exports, Imports, Commerce ministry, Trade defecit
Courtesy: Business Standard
Photo: News18
Centre Directs ED, RBI To Take Action Against Etailers
Based on the complaints made by Confederation of All India Traders (CAIT), the Commerce Ministry has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against e-commerce websites. The websites include renowned etailers like Amazon and Flipkart, that are alleged to have violated several rules of FDI like policy deal, manufacturing, and Foreign Exchange Management Act, 1999 (FEMA). Besides, it accused the… read-more
Tags: Commerce ministry, Amazon, Flipkart, Traders
Courtesy: The Times of India
Photo: The Financial Express
Central Government Bans Export of All Varieties of Onions
The Union government on September 14 prohibited the export of all varieties of onions with immediate effect. The decision comes amid surge in the prices of onion due to its less availability in the domestic retail market. Reportedly, this year' heavy rains have hit the onion production badly. The Directorate General of Foreign Trade (DGFT) informed, "The export of all varieties of onions… read-more
Tags: Onion, Domestic Market, Central Government, Commerce ministry
Courtesy: The Indian Express
