Gold softened on Friday as the dollar and Treasury yields firmed after U.S. inflation data matched expectations, but the bullion is set for weekly and monthly gains as a September interest rate cut by the U.S. Federal Reserve remains in play. Spot gold was down 0.2% at $2,515.99 per ounce, as of 9:52 a.m. ET … Read more
India and New Zealand have discussed measures to reduce trade barriers and promote a more investor-friendly environment to boost economic ties, an official statement said on Wednesday. The issues were discussed during the meeting of Commerce and Industry Minister Piyush Goyal and his counterpart from New Zealand Todd McClay on December 19. Both the ministers … Read more
The basket of India‘s services sector exports has the capacity to expand “dramatically”, contributing in a big way to the Centre’s USD 2-trillion target for shipments by 2030, former Union minister Suresh Prabhu said here on Friday. Prabhu, a former commerce and industry minister, said the nature, spectrum and volume of services exports will change … Read more
Even as many developed nations are witnessing inflation, agencies such as International Monetary Fund have branded India as a Bright Spot, says the Union Minister Even as many developed nations are witnessing inflation, agencies such as International Monetary Fund have branded India as a Bright Spot, says the Union Minister Union Minister of Commerce and Industry Piyush Goyal on … Read more
By Soham Chokshi The most important lesson from quick commerce is that we can get goods available at our disposal when we need them the most. Then why not apply the same model to essential services? If this materialises, it could be of immense value to human lives. Moreover, media reports state that almost 30 … Read more
The Federation of Indian Export Organisations (FIEO) has suggested the commerce ministry to set up a committee to evaluate the country’s import trends and encourage domestic production of such products to reduce the widening trade deficit. The issue was raised by FIEO Chairman A Sakthivel during a meeting, chaired by Commerce and Industry Minister Piyush … Read more
The government told Parliament that India has not received any proposal from Pakistan and it is for Pakistan to review its unilateral measures on trade. “India desires normal relations including on trade with all countries, including Pakistan. Pakistan unilaterally suspended bilateral trade with India in August 2019. It is for Pakistan to review its unilateral … Read more
New Delhi: The country’s exports recorded a positive growth in January and the outbound shipments are fast moving towards pre-COVID-19 levels, a top government official said on Wednesday. Commerce Secretary Anup Wadhawan also said India is well on the way to breaking into new frontiers and exporting goods such as mobile phones and other electronic … Read more
New Delhi: Prime Minister Narendra Modi on Monday chaired a meeting to review the preparations for the national master plan for providing multi-modal connectivity to various economic zones. The prime minister described it as an important endeavour that will boost productivity, infrastructure, economic progress and opportunities for youngsters. “Chaired a meeting to review the preparations … Read more