Major commodity-group wise data on merchandise exports in last five years is at Annexure. The Government has taken the following key steps to boost exports: The mid-term review of the current Foreign Trade Policy (2015-20) was carried out in December 2017. Foreign Trade Policy (2015-20) extended by one year i.e. upto 31-3-2021 due to the COVID-19 pandemic situation. Interest Equalization Scheme ...

 The online shopping market in India has tremendous potential because of growing numbers of consumers. Advertising and Technological advancements provided personalized services and experience to target market. Criteo, the advertising platform for the open internet published a report “why we buy”. The report says 90% of Indian consumers are willing to consider a new brand across all theproductCategories. More than ...

Despite the challenging business environment, National Aluminium Company Limited (NALCO) registered a net profit ofRs. 107.45crore in Q2of FY21.During the quarter, the revenue from operations have beenRs. 2375crore, registering 72% growth over Q1 of FY21.In the first quarter of FY21, revenue from operations was Rs 1381 crore. On half-yearly basis,the Company has registered a net profit of Rs. 124 crore ...

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 ...

 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 ...

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 ...

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 ...

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 ...

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 ...

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 ...