Cargo ships at port.

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.

Wed, 15 Sep 2021 - 07:00 PM / by Brijesh Goswami

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

Fri, 01 Jan 2021 - 09:15 AM / by Bhavyata Kagrana

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

Tue, 15 Sep 2020 - 04:37 AM / by Tania Mukhopadhyay

Tags: Onion, Domestic Market, Central Government, Commerce ministry

Courtesy: The Indian Express