ministry of commerce and industry

Policy amended, international trade can now be settled in Rupee

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Policy amended, international trade can now be settled in Rupee

The government has amended the Foreign Trade Policy to allow international trade invoicing, payment and settlement in the Indian rupee, activating the mechanism announced by the Reserve Bank of India (RBI) to facilitate trade in the domestic currency. The Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry on Friday notified … Read more

India looks at Africa as partner in progress, says Piyush Goyal at CII-EXIM Bank conclave

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India looks at Africa as partner in progress, says Piyush Goyal at CII-EXIM Bank conclave

Emphasising that India looks at African countries as partners in progress, Union Commerce and Industry minister Piyush Goyal underlined that the India-Africa partnership will play an important role over the next 25 years to fulfill the aspirations of India and Africa. Goyal made the remarks while addressing the Confederation of Indian Industry-Exim Bank Conclave on … Read more