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Commerce Ministry News

15 Jun 2023

India's Export, Import Fell In May, Trade Deficit Rises To 5-Month High

As a result, the trade deficit rose to a five-month high of $22.1 billion. India has been consistently witnessing a trade deficit for many years now.

18 Jan 2023

Commerce ministry issues draft guidelines for certification of halal meat

Commerce ministry draft guidelines on halal meat products. Ministry drafts for the export of meat and meat products from India. Now the meat can be exported as halal certified if it follows the proper guidelines.

27 Feb 2022

Guava export rises to USD 2.09 million in Apr-Jan

India's export of fresh fruits has also witnessed considerable growth. Major exporting destinations of fresh fruits include Bangladesh, the Netherlands, the UAE, the UK, Nepal, Iran, Russia, Saudi Arabia, Oman and Qatar.

Commerce Ministry

20 Feb 2022

Revamping of commerce dept on anvil for more coherent trade promotion strategy

Under the plan, there is a proposal to set up a dedicated trade promotion body and a trade remedies review committee. It added that the revamping is aimed at further building on its strategic direction and aspirations for the next decade. For this, a project was undertaken to design a future ready department of commerce.

marine products

30 Jan 2022

Exports of marine products jump 35% to USD 6.1 billion during Apr-Dec 2021

In December 2021, the exports grew 28 per cent to USD 720.51 million. It said the five-top export destinations include the US, China, Japan, Vietnam and Thailand. Other major items include Frozen Fish (7 per cent) and Frozen Squid (5 per cent).

19 Dec 2021

India will achieve $400 billion export target this year: Goyal

He said, "The United Arab Emirates will become a gateway for Indian trade to the Middle East and Africa." "We may set up a huge India mart to tap that market," he added. Goyal made the following comments on Saturday.

Commerce Ministry

19 Aug 2021

Centre will support establishing semiconductor industry in India: Piyush Goyal

Goyal also hoped that "large corporates" will be taking interest in the shipping industry. There is a worldwide shortage of semiconductors. The government is very much focused on bringing the semiconductor industry to India.

07 Jul 2020

Now, PMO seeks inputs from Commerce Ministry on curbing Chinese imports

Amidst the ongoing LAC standoff and the diplomatic tensions with China, the Prime Minister’s Office (PMO) has sought suggestions from the Commerce Ministry to curb imports from the hostile neighbouring country.

31 May 2019

Piyush Goyal takes charge as new commerce and industry minister

Speaking on this occasion, Piyush Goyal said that he is extremely humbled by stepping into the shoes of a visionary like Suresh Prabhu and will try to do his best to take the work of the Ministry forward.

22 Dec 2018

How toys are doing more harm than good to our children

Toys are among a child's first possessions. But do you know that the chemicals used in the manufacturing of these toys can adversely affect your child’s health? According to a new study, these contaminated toys can prove dangerous to children with serious health implications.

Commerce Ministry

27 Nov 2018

Commerce ministry recommends continuation of anti-dumping duty on chemical

The move is aimed at guarding domestic manufacturers of 'Methylene Chloride' from cheap imports from the European Union (EU) and the US.

Wholesale inflation

16 Jul 2018

Wholesale inflation shoots up to 5.77% in June from 4.43% in May

According to the Commerce Ministry data, the WPI inflation in June 2017 was at 0.90 per cent.

Steering committee

18 Apr 2018

Government to form Steering Committee to push growth at district level to 3%

The initiative will begin with 6 districts, including Sindhudurg and Ratnagiri in Maharashtra, Varanasi in Uttar Pradesh, Muzaffarpur in Bihar, Vishakapatnam in Andhra Pradesh and Solan in Himachal Pradesh.

07 Dec 2017

China blames US of releasing negative information about trade relations

China`s Commerce Ministry expressed concern on Thursday that the United States has been spreading negative information about the trade relationship between the world`s two largest economies.

29 Sep 2017

Suresh Prabhu calls for global financial architecture

Prabhu also said he would soon visit Washington DC to meet the US Commerce Secretary and the trade representatives in the US to hold discussions on trade and commerce related issues.

India WPI inflation

14 Sep 2017

Wholesale inflation rises to four-month high of 3.24% in August

Inflation based on the wholesale price index (WPI) was 1.88 percent in July 2017 and 1.09 percent in August 2016.

Global Exhibition on Services

03 Sep 2017

'Commerce Ministry identifying select service segments to boost exports'

GES, organised by the ministry, provides a platform to explore market opportunities across the world and meet global counterparts.

28 Aug 2017

Reform labour laws to enhance ease of doing business: NITI Aayog

The survey covers more than 3,000 enterprises across India and makes an effort to assess ease of doing business from their perspective as opposed to the perspective of policy makers.

Commerce Ministry

25 Aug 2017

Commerce Ministry sets up task force on artificial intelligence

The panel comprised experts, academics, researchers and industry leaders. They will explore possibilities to leverage AI for development across various fields.

10 Jul 2017

Nepal officials to hold talks with India on GST

The delegation will discuss issues concerning Goods and Services Tax (GST) recently imposed in India in relation to the bilateral Trade and Transit Treaty between the two countries, officials said here.

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