Wednesday, October 27, 2021
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Imports

Gold imports slip 3.3 per cent to USD 26.11 billion in Apr-Feb

The decline in gold imports has helped in narrowing the country's trade deficit to USD 84.62 billion during the 11-month of the current fiscal, as against USD 151.37 billion a year ago.

Exports up 10.3 per cent during Feb 1-8: Official

Imports too increased by a marginal 0.7 per cent to USD 72.5 million during the week, the official added.

Exports show signs of revival, up 16.22 pc during Jan 1-7: Official

The exports during the first week of January last year were at USD 5.34 billion.

Paper industry seeks increase in import duty

According to AS Mehta, President of IPMA, high cost of raw material coupled with significant increase in fuel cost and other inputs has resulted in a substantial increase in the cost of manufacture of paper and paperboard.

India’s crude oil production slips 5 per cent in Nov

Crude oil production in November stood at 2.48 million tonnes was lower than 2.61 million tonnes produced in the same month a year back

Gold imports dip 40% in Apr-Nov

The decline in gold and silver imports has helped in narrowing the country's trade deficit, difference between imports and exports, to $42 billion during April-November 2020-21 as against $113.42 billion in the year-ago period.

China slaps more taxes on Australian wine amid tension

China's foreign ministry has demanded Australia take unspecified steps to repair relations.

Gold imports down 57% to USD 6.8 bn in H1 FY21

Silver imports during April-September 2020 too dipped 63.4 per cent to USD 733.57 million (about Rs 5,543 crore).

Nitin Gadkari asks auto and components industry to discourage imports

"I request you, don't encourage imports. Try to take the initiative to find out the alternative, or how can we make import substitutes in India," he said.

Centre issues ‘rules of origin’ guidelines for imports under trade pacts

Section 28DA of the Customs Act, 1962 makes it incumbent upon an importer to possess sufficient information as regards the manner in which country of origin criteria.

Balance of payments to be ‘very, very strong’ this year: Piyush Goyal

He said that "good" green shoots are visible in the economy and exports have shown a "good" turnaround.

Gadkari exhorts industry to identify sectors to boost exports

"There is an urgent need to create employment, and focussing on rural, agriculture, tribal and village areas including 115 aspirational districts could be beneficial."

Canada to impose $2.7bn tariffs on US goods as countermeasure

Addressing reporters in Ottawa on Friday, Deputy Prime Minister Chrystia Freeland said that the countermeasure tariffs will take effect in 30 days after the government will spend a month in consultations with Canadians

TTK Prestige announces plans to stop imports from China

According to a press release, TTK Prestige has been working on a 'Make in India' program for more than three years now and has moved most of its China based finished product sourcing to India manufacturing/sourcing

Solar gear imports face double taxation

The DGTR is scheduled to do oral hearing on extension of SGD on July 3 through video conferencing

Pharma sector seeks clearance of imported APIs, medical devices

Pharmaceutical Export Promotion Council of India said that it has been inundated with distress calls from companies over an acute disruption in manufacturing of pharmaceutical products over the last three days

Thermal coal imports at major ports decline 36%

The ports had handled 19.19 MT of thermal coal and 9.84 MT of coking coal, respectively, in the April-May period of the previous financial year

US trade deficit widens to $44.4 billion in March on falling exports

Imports also fell, but only by 6.2 percent, as transportation and shipping began to close down worldwide.

China trade slumps as anti-virus controls close factories

Exports to the United States plunged 27.7% in January and February to $43 billion, worsening from December's 12.5% decline.

After onions, cooking oil gets costlier

Palm oil prices have shot up by Rs 20 a litre (more than 35 per cent) in the last two months. Palm oil's meteoric rally has led to a sharp rise in the prices of other edible oils.

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