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Commerce and Industry

ndex of Eight Core Industries (Base: 2011-12=100) for September, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Index of Eight Core Industries for the Month of September, 2020. 2. The combined Index of Eight Core Industries stood at 119.7 in September,2020, which declined by 0.8 (provisional) per cent as compared to the Index of September, 2019.Its cumulative growth during April to September, ...

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Leather Sector Skill Council launches SCALE India Android App for Enhanced Quality Assurance under Skill India Mission

In an endeavour to provide a single platform to integrate quality assurance across all its services, the Leather Sector Skill Council (LSSC) today announced the launch of Skill Certification Assessment for Leather Employees (SCALE) India android app. Operating under the aegis of the Ministry of Skill Development and Entrepreneurship(MSDE), LSSC is committed to strengthen its digital capabilities on quality assurance ...

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INDIA’S FOREIGN TRADE: September 2020

India’s overall exports (Merchandise and Services combined) in April-September2020-21* are estimated to be USD 221.86Billion, exhibiting a negative growth of (-)16.66per cent over the same period last year. Overall imports in April-September 2020-21* are estimated to be USD 204.12Billion, exhibiting a negative growth of (-)35.43per cent over the same period last year. *Note: i) The latest data for services sector ...

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Assessment of Disruption of Imports from China

Government has banned certain apps in June 2020 and September 2020 on concerns of security and to ensure safety and sovereignty of the Indian cyberspace.  Many apps are available on each of the popular playstore namely Google PlayStore and Apple Store including competing apps with similar functionalities. Government of India has also launched Digital India AatmaNirbhar Bharat Innovate Challenge to ...

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Capping of Rs 2 Crore for MEIS will not affect 98% of the exporters: Shri Goyal

Union Minister of Commerce and Industry Shri Piyush Goyal today met the Office-bearers of various Export Promotion Councils (EPCs), to discuss the issues concerning the country’s global trade, ground level situation, and problems being faced by the exporters. Shri Goyal has been holding a series of discussions with the EPCs, particularly since the lockdown. The Commerce Secretary Dr Anup Wadhawan, ...

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First ever Virtual Buyer Seller Meet for loose diamonds commences

Shri Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry, Government of India inaugurated first Virtual Buyer and Seller Meet for loose diamonds. The two day meet is being organized by the Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for promotion of Gems and Jewellery Exports. The meet will give an opportunity for buyers and ...

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In the auto sector, we should move towards global dominance: Shri Piyush Goyal

Union Minister of Commerce & Industry and Railways Shri Piyush Goyal  has said that in the auto sector, we should move towards global dominance, in terms of auto components & automobiles. Addressing the Society of Indian Automobile Manufacturers (SIAM) annual convention today, he said “We are improving the scale & quality of what we are producing & serving. With this, we are seeing ...

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Shri Piyush Goyal says that New-age entrepreneurs are going to change the fortune of India

Union Minister of Commerce and Industry & Railways Shri Piyush Goyal has said that New age ideas will help us to prepare India to contribute in a much bigger way to global supply chains. Addressing CII’s event on ‘Launch of India’s Future Business Group’ today, he said that New-age entrepreneurs are going to change the fortune of India. He said ...

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Index of Eight Core Industries (BASE: 2011-12=100) for JULY, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Index of Eight Core Industries for the Month of July, 2020. 2. The combined Index of Eight Core Industries stood at 119.9 in July, 2020, which declined by 9.6 (provisional) per cent as compared to the Index of July, 2019.Its cumulative growth during April to ...

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17TH ASEAN-India Economic Ministers’ Consultations held

Shri Piyush Goyal, Minister of Commerce and Industry & Railways and H.E. Tran Tuan Anh, Minister of Industry and Trade of Vietnam co-chaired the 17th ASEAN-India Economic Ministers Consultations held virtually on 29th August 2020. The meeting was attended by the Trade Ministers of all the 10 ASEAN countries Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. The Ministers reaffirmed their ...

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