Commerce Ministry Strategizing To Make Indian Exports More Competitive: Suresh Prabhu  India’s exports rose by 9.8%, in financial year 2017-18, which is the highest rate of growth in six years. This positive growth in exports has taken place at a time when there is a lot of negative headwinds globally. This was stated by Union Minister of Commerce & Industry ...

The Working Group tasked to develop a roadmap towards achieving a 5 trilliondollar economy by 2025has prepared its report and it is being circulated to the stakeholders for further suggestions.The Working Group was constituted by the Department of Industrial Policy and Promotion in the Ministry of Commerce and Industry with participation from government and industry. The Group held extensive and ...

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, today launched the National Mission on Government eMarketplace (GeM) for increasing awareness and accelerating the use of (GeM).Speaking on this occasion the Minister said that in the next 3 years transactions on GeM will reach USD 100 billion. He further stated that during this mission efforts will be made to ...

Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu launched Coffee Connect – India coffee field force app and Coffee KrishiTharanga – digital mobile extension services for coffee stakeholders at a function here today. The mobile app Coffee Connect has been developed to ease the work of field functionaries and to improve the work efficiency. This application provides solution ...

National Mission on Government e Marketplace (GeM) will be launched on 5th September 2018 to accelerate the adoption and use of GeM by major central Ministries, State Governments and their agencies. The aim of the National Mission is to promote inclusiveness, transparency and efficiency in public procurement and achieve cashless, contactless and paperless transaction. This will increase overall efficiency and lead ...

Continuing its bull run, National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Govt. of India, has once again brought cheer in the stock market by declaring record dividend payout of Rs 1102 crore – an increase from 56 % in 2016-17 to a whopping 114 % in 2017-18, which works out to Rs 5.70 per equity ...

  Union Minister of Commerce & Industry and Civil Aviation today chaired a meeting of different exports stakeholders and Commerce Ministry officers to discuss a strategy for revitalizing India’s exports and doubling the country’s exports by 2025. The Minister said that this is necessary in view of challenges like uncertainty of global trade, rigid approach of banks affecting availability of ...

What grows out of ‘land’ and ‘water’ in the air of Odisha has succeeded in creation of sustainable self- employment programs in the state. However, for the future, where not only new opportunities are emerging to achieve ‘leap-frog’ economic growth but also the ‘needs and wants’ of the youth are changing, building a sustainable self-employment and entrepreneurship model would require ...

A National Logistics Portal is being developed by the Ministry of Commerce and Industry to ensure ease of trading in the international and domestic markets. The portal will link all the stakeholders of EXIM, domestic trade and movement and all trade activities on a single platform.  In this year’s budget speech, Finance Minister had announced that the Department of Commerce ...

 The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of July, 2018 rose by 0.4  percent to 119.7 (provisional) from 119.2 (provisional) for the previous month.   INFLATION   The annual rate of inflation, based on monthly WPI, stood at 5.09% (provisional) for the month of July, 2018 (over July, 2017) as compared to 5.77% (provisional) ...