India on Monday deferred the mandatory requirement of a certificate of inspection by export inspection agencies for shipping both basmati and non-basmati rice to certain European countries by six months. The Directorate General of Foreign Trade (DGFT) said that it is amending a notification dated August 17, 2022, to the extent that export of rice […]
India’s exports contracted by 12.7 per cent, third month in a row, to USD 34.66 billion in April even as the trade deficit reduced to a 20-month low of USD 15.24 billion, the government data showed on Monday. The decline in exports is mainly on account of poor demand in India’s key destinations — the […]
The country’s exports are likely to register a “reasonable level” of growth in the current financial year despite the global uncertainties on the trade front, Commerce and Industry Minister Piyush Goyal has said. Clearly, there are signs of a global slowdown in international trade and India is keeping a “watchful” eye on the developments by […]
Having notified its plan to regulate sugar exports to keep local supplies steady, the food ministry has asked the sugar mills to seek permits from the directorate of sugar to ship out the sweetener between June 1 and October 31, and file details of despatches with the directorate’s portal daily. However, re-exports of refined sugar, […]