India’s Trade Minister Piyush Goyal will have a one-on-one meeting with his Chinese counterpart on Tuesday at the G-20 summit in Italy, the government said in a statement. Goyal will also meet other trade ministers, including those from the United States, South Korea, Australia, South Africa, Brazil, and Canada, among others, the statement said on … Read more
Details of the long-awaited scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) approved by the Cabinet Committee on Economic Affairs in March 2020, were finally notified on Tuesday. The scheme has the stated objective of ‘refunding, currently un-refunded duties/taxes/levies, at the central, state and local level, borne on exported products including prior … Read more
The government will examine the United States’ proposed retaliatory tariffs on up to 25% on around 40 Indian products in response to India’s equalisation levy on non-resident ecommerce operators and take measures in line with public and commercial interests, officials have said. The United States Trade Representative (USTR) has proposed to impose retaliatory tariffs on … Read more
New Delhi: The government on Tuesday freed up the export of medical goggles and nitrile/NBR gloves. “The export policy of medical goggles and nitrile/NBR gloves is amended from ‘restricted’ to ‘free’ category making all types of medical goggles and nitrile/NBR gloves freely exportable,” Directorate General of Foreign Trade (DGFT) said in a notification. In October, … Read more
Kasturi, the first national brand of Indian cotton, can fetch at least a 5% price premium, industry experts said. With private trade not willing to buy cotton at the minimum support price, the government agency Cotton Corporation of India (CCI) has to step in as the biggest buyer, accounting for a third of the national … Read more