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Department of Commerce has Provided a number of Relaxations / Extensions of various Compliance Deadlines etc. to address Corona Pandemic Related Hardships of Exporters

In order to give relief to businesses and affected individuals amidst the stress caused by the novel coronavirus pandemic, Department of Commerce, Ministry of Commerce and Industry has introduced several relaxations and extensions in deadlines etc. with regard to compliances mandated under its schemes and activities. The key relaxations pertaining to the Department of Commerce are as follows: A. FACILITATION ...

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34 lakh transactions effected through POSB and 6.5 lakh transactions through IPPB till date during lockdown period

 During the lockdown period as on 31.03.2020, 34 lakh transactions were effected through POSB (Post Office Savings Bank) and 6.5 lakh transactions were effected through IPPB(India Post Payments Bank). Around 2 lakh accountable mails including speed post registered letters, parcels and money-orders were delivered. Mobile Post Offices are functioning in various circles like Kerala, Telengana, Uttar Pradesh, Delhi and some ...

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NALCO clocks all time high production of bauxite and alumina amidst corona crisis

National Aluminium Company Limited (NALCO), the Navratna CPSE, under Ministry of Mines, Govt. of India and country’s leading manufacturer and exporter of alumina and aluminium has recorded an all-round success in bauxite and alumina productions in the Fiscal 2019-20.  It may be mentioned that with more than 100% capacity utilization, NALCO’s Panchpatmali Mines has achieved bauxite production of 73.02 lakh ...

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Quick estimates of Index of Industrial Production and use-based Index for the month of January, 2020 (Base 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of January 2020 stands at 137.1, which is 2.0 percent higher as compared to the level in the month of January 2019. The cumulative growth for the period April-January 2019-20 over the corresponding period of the previous year stands at 0.5percent. 2.        The Indices ...

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India’s Foreign Trade: December 2019

India’s overall exports (Merchandise and Services combined) in April-December2019-20* are estimated to be USD 397.48 billion, exhibiting a positive growth of 0.93 per cent over the same period last year. Overall imports in April-December 2019-20* are estimated to be USD 455.14 billion, exhibiting a negative growth of (-)5.82 per cent over the same period last year. *Note: The latest data ...

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Trade with BRICS Nations

The percentage share of Intra BRICS trade to its global trade is 10.61% (2017). The details of intra BRICS trade is at Annex-I Table 1.  The country-wise details of India’s trade with BRICS nations for the last five years including current year is at Annex –I Table 2. The percentage share of India’s intra BRICS trade to its global trade ...

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Digital Platform to Give Single Point Access to Exporters 

Union Minister of Commerce & Industry and Railways, Piyush Goyal and Minister of State for Commerce & Industry, Hardeep Singh Puri, launched Common Digital Platform for Issuance of electronic Certificates of Origin (CoO) in New Delhi . This platform will be a single access point for all exporters, for all FTAs/PTAs and for all agencies concerned. Certificate of Origin will ...

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Import/Export of Oil 

A Committee was constituted by the Government for “Preparing a roadmap to reduce the dependency on import in energy by 10% by 2021-22”. The report submitted by Committee was accepted by the Government which envisages five-pronged strategy, broadly comprising of increasing domestic production of oil and gas, promoting energy efficiency and conservation measures, giving thrust on demand substitution, capitalizing untapped ...

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Export of Grapes 

The details of the quantum and value of grapes and its products exported from the country during the last three years and the current year are as under: Quantity in MT, Value in USD Million   2015-16 2016-17 2017-18 2018-19 (April-November) Product Quantity Value Quantity Value Quantity Value Quantity Value Grapes, Fresh 132647.60 203.16 198471.30 268.29 188221.18 294.59 40581.92 52.35 ...

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Production and Export of Mangoes 

The details of India’s exports of mangoes during the last three years and the current year are as under: Quantity (in MT); Value (in Million USD)   ITCHS   COMMODITY DESCRIPTION 2015-16 2106-17 2017-18 2018-19 (UPTO Nov-18)* Quantity Value Quantity Value Quantity Value Quantity Value 08045020 MANGOES FRESH 36779.26 50.10 52761.00 66.46 49671.32 59.45 43063.70 53.80 08045030 MANGOES SLICED DRIED ...

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