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China's exports, imports decline amid falling global demand

China's exports, imports decline amid falling global demand

China's exports and imports declined by about three percent in the first seven months amid falling global and domestic demand, according to data released by a ministry-level administrative agency here.

Govt not considering more steps to check steel import: Nirmala

The Commerce and Industry Ministry is not in favour of more steps to check import of cheaper steel.

Four arrested in Pakistan for importing liver meat from India

Four members of a gang allegedly involved in importing sub standard liver meat from India to Pakistan were on Sunday arrested and tonnes of meat seized during a raid here. 

Govt to import 3,000 tonnes pulses, asks states to curb hoarding

Govt to import 3,000 tonnes pulses, asks states to curb hoarding

As pulses prices touched Rs 200 per kg, the Centre Monday decided to import additional 3,000 tonnes of lentils to control rising rates and asked the state governments to take strict action against hoarders.

Extend ban on import of Chinese milk, chocolates for 1 year: FSSAI

Food safety watchdog FSSAI has recommended for extending the ban on import of milk and milk products including chocolates from China for one year till June 23, 2016.

India's oil imports from Iran jump in April: Trade

India shipped in more than 17 percent more Iranian oil in April than a year before, buoyed by prospects of a diplomatic deal on Iran`s disputed nuclear programme by end-June, preliminary data from trade sources and compiled by Thomson Reuters Oil Analytics showed.

India to import 8 million barrels of oil from Iraq: Source

India is set to import 8 million barrels of Iraqi oil to fill its first strategic petroleum reserve (SPR), taking advantage of cheap prices and lending some support to a market suffering from oversupply.

Current account deficit doubles to $8.2 bn of GDP in Dec quarter

Current account deficit doubles to $8.2 bn of GDP in Dec quarter

India's current account deficit (CAD) doubled to USD 8.2 billion or 1.6 percent of gross domestic product (GDP) in the October-December quarter on a year-to-year basis.

Nepal imports 100,000 red roses from India for V-day

Nepal imports 100,000 red roses from India for V-day

Kathmandu, Feb 12 (IANS) Nepal has imported 100,000 red roses - considered a symbol of love - from India for celebrating Valentine's Day Feb 14, according to the Floriculture Association Nepal.

The roses were imported as the local market could not meet the demand.

EU lifts ban on import of Mangoes from India

The European Union on Tuesday decided to lift a ban on the import of mangoes from India after the country made improvements in plant health controls and certification system, clearing the way for them to return to the 28-member bloc.

WTO to set up panel on Brazil import taxes

The World Trade Organization will set up a panel to settle a complaint brought by the EU against Brazil over what it sees as protectionist taxes that discriminate against imports, a source said Wednesday.

Govt reduces import tariff value on gold and silver

The government Monday reduced import tariff value on gold to USD 388 per 10 grams and on silver to USD 540 per kg, following global price trends.

India has potential to become 2nd largest steel consumer: DB

India's steel demand is expected to rise by 4-5 percent this year and will touch 15 percent CAGR after FY17 as the country has the potential to emerge as the second largest steel consuming market after China during FY15-20, Deutsche Bank said in its research report

Paswan meets FM; wants import duty on edible oils to be hiked

Food Minister Ram Vilas Paswan Friday met Finance Minister Arun Jaitley here and discussed the issue of raising import duty on crude and refined edible oils to restrict cheap imports and protect domestic farmers, among other matters.

NAFED to invite EoI for import of 25K tonnes potatoes

In order to boost supply and contain rising potato prices, co-operative major NAFED today said it will invite expression of interest (EoI) this weekend from global suppliers for supplying 25,000 tonnes of potatoes.

Northeast India turns to Myanmar, Bangladesh for rice

 Transport bottlenecks have forced India`s northeastern states to procure much needed rice from neighbouring Myanmar and Bangladesh.

India bans import of cosmetics tested on animals

Months after announcing a ban on testing of cosmetics on animals, India has banned import of such products and become the first "cruelty-free" cosmetics zone in South Asia.

Chidambaram advises against lifting curbs on gold imports

Former finance minister P Chidambaram has advocated against lifting of curbs on gold imports, saying the benefits accruing from restrictions would far outweigh problems like spurt in smuggling.

Gold looks likely to test $1,200; silver slumps to four-year low

Silver`s sell-off extended to a second session on Monday, with the metal tumbling to a four-year low, as investors unwound long positions amid strength in the dollar and the possibility of a sooner-than-expected U.S. rate hike.

FinMin to decide on removing iron ore import duty: SteelMin

Finance Ministry will take a call on withdrawing import duty of iron ore in the face of falling domestic supplies that is forcing steel makers to buy the raw material from overseas market, a Steel Ministry official said.