The merchandise trade deficit was $12.49 billion in December 2019. The merchandise exports rose 0.14% in December from a year earlier to $27.15 billion, the data showed. Imports grew 7.56 per cent to $42.59 billion in December, against $39.59 billion a year ago. India’s trade deficit in goods widened to $15.44 billion Read More…
Tag: trade
Trade relations sore during Trump Modi era : Congressional report
Under the Trump administration, US-India tensions have increased over each side’s tariff policies, a Congressional report has said, noting that the two sides have also held concerted negotiations to address these trade frictions. The bipartisan Congressional Research Service (CRS), in its latest report, pointed out that India’s recent tariff hikes on cell phones and other Read More…
UK and Singapore inks FTA benefits £17 billion trade and services
Singapore signed a free trade agreement (FTA) with the United Kingdom on Thursday Dec 10 to ensure that companies from both countries continue to enjoy the same benefits that they are receiving under the Republic’s FTA with the European Union. The agreement will cover more than £17 billion (S$30.4 billion) of current bilateral trade Read More…
India’s Imports Exports declined in November 2020 also
India’s exports fell 9% in Nov, in second straight month of decline Exports shipments from india in November 2020 stood at $23.43 billion, against $25.77 billion in the same month a year earlier India’s exports reduced by 9.07 per cent in November, in a second straight month of decline. In October, the Read More…
One day Flash All india Strike stoped Rs 18000 Crores worth transaction : Trade Union
Banking operations across the country were affected on Thursday with about 4.5 lakh bank employees joining the nationwide strike called by the central trade unions, said a top official of the All India Bank Employees’ Association (AIBEA). He also said about 20 lakh cheques worth about Rs 18,000 crore could not be sent for Read More…
Ten Trade unions to go on flash strike on Nov 26 against BJP anti labour polices
To protest against various policies of the central government, central trade unions in Indian will go on a nationwide strike on Thursday (November 26). Various independent federations and associations are also part of the joint platform. The strike is to protest against the new farm and labour laws, among others, as well as Read More…
SaudiArabia Iraq open trade border at Arar after a period of three decades
For the first time in 30 years, Iraq and Saudi Arabia have opened the Arar border crossing for trade the Iraqi border ports commission has said in a statement, Al-Jazeera reported. Top officials, including Iraqi interior minister and the Saudi ambassador to Iraq, travelled from Baghdad to formally open Arar, where a line of Read More…
China imports 29% and become highest finished steel Consumer from India
China bought 1.9 million tonnes, cornering 29% of India’s finished steel exports, which hit their highest in at least six years at 6.5 million tonnes, the provisional data analysed by Reuters. During April-September, India’s overseas shipments of steel were primarily hot-rolled coils, a flat steel product used to make pipes, automobile parts, engineering and Read More…
September 2020 GST collections increase confirms Lockdown relaxations yields Sales
Though corona virus spread has increased and India become the world fastest cases per day in the global touching 6.4 million and ranks 2nd in the global list next to USA . But thanks to relax of lockdown and gross GST revenue collected in the month of September rose sequentially to Rs 95,480 crore from Read More…
Q1 2020 : Exports fall drastically by 25.42% says Union Minister Piyush
India’s overall export (merchandise plus services) has declined by 25.42% during the period April-June, 2020 as compared to the corresponding period of the previous year, the ministry of commerce and industry said in a statement on Wednesday. “The quick estimate of the Index of Industrial Production (IIP), released by the Ministry of Statistics and Read More…