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Commerce Ministry to consider 62 SEZ projects for cancellation

Delhi State Industrial & Infrastructure Development Corporation, Lark Projects, Mansarovar Industrial Development Corporation and Diamond IT Infracon have neither applied for LoA nor for notification of SEZ.

No reduction in H1B visas to India: Sitharaman

No reduction in H1B visas to India: Sitharaman

In a bid to ease apprehensions of the IT industry over the H1B visas, Commerce Ministry Nirmala Sitharaman on Saturday said that India will get the same number of visas, though only the category of people to whom these are awarded may undergo a change.

GST to help improve India's exports: Sitharaman

Commerce Minister Nirmala Sitharaman on Saturday said the Goods and Services Tax (GST) will help improve India`s export growth.

Govt to unveil new IIP, WPI series on Friday

Govt to unveil new IIP, WPI series on Friday

The government will release on Friday the new series of Index of Industrial Production as well as Wholesale Price Index, with 2011-12 as the base year, so as to map economic activities more accurately.

HRD, Commerce Ministries flagged concerns over National Skill Universities: Union Minister Rajiv Pratap Rudy

HRD, Commerce Ministries flagged concerns over National Skill Universities: Union Minister Rajiv Pratap Rudy

The HRD and Commerce ministries have expressed certain reservations on the draft Bill to set up National Skill Universities and the issues are being examined, Union Minister Rajiv Pratap Rudy said on Thursday.

Govt not in favour of concessions to Apple for setting up manufacturing unit in India: Sources

Govt not in favour of concessions to Apple for setting up manufacturing unit in India: Sources

In what could be a major blow to Apple Inc in its plan to set up a manufacturing unit in India, the Commerce Ministry is reportedly not in favour of concessions to the US tech giant for the same.

Apple in talks with government to open stores in India

Apple in talks with government to open stores in India

Apple Inc officials have met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally.

Govt working on ways to cut logistics cost for exports

Govt working on ways to cut logistics cost for exports

The finance and railways ministries are working on ways to cut logistics costs which make exports uncompetitive, Commerce and Industry Minister Nirmala Sitharaman said Thursday.

First BRICS Trade Fair in Delhi on October 12-14

First BRICS Trade Fair in Delhi on October 12-14

The first trade fair of the BRICS countries will be held here next week on October 12-14, as well as meetings of the BRICS Business Forum and BRICS Business Council, ahead of the leaders` summit in Goa, the Indian government said on Monday.

Is it the right time to devalue Indian rupee?

Is it the right time to devalue Indian rupee?

Till September 14, Finance and Commerce Ministry corridors were abuzz with possible rupee-devaluation topic. However, as the next day arrived, all these speculations went to the backburner.

STEELIMPORTS:Govt may not extend MIP on steel products beyond Oct 4

New Delhi:Government is unlikely to further extend the minimum import price (MIP) on certain steel products beyond October 4 as these items could be covered under anti-dumping duty, an official today said.

Govt asks CAIT to list issues hampering ease of doing biz

The Commerce Ministry on Tuesday asked traders body CAIT to prepare a list of issues, including taxation and banking, which are hindering ease of doing business in the country.

 

Commerce Ministry to press Finance Ministry  to reconsider rejection of local sourcing waiver to Apple

Commerce Ministry to press Finance Ministry to reconsider rejection of local sourcing waiver to Apple

In the latest, Commerce Ministry may press the Finance Ministry to think again about its decision to reject the waiver of local sourcing clause for Apple Inc for setting up single-brand stores in India. 

17 out of 30 sectors in negative zone in March in terms of exports

17 out of 30 sectors in negative zone in March in terms of exports

Exports of over half of the 30 sectors closely monitored by the Commerce Ministry were in the negative zone in March due to a fall in global commodity prices amid tepid demand.

Exports: 17 out of 30 sectors decline in January

Exports: 17 out of 30 sectors decline in January

Exports of over half of the sectors, out of the 30 closely monitored by the Commerce Ministry, were in the negative zone in January due to a fall in global prices and demand.

 

Commerce Ministry hopes for SEZ tax benefits in Budget 2016

Commerce Ministry hopes for SEZ tax benefits in Budget 2016

The Commerce Ministry has suggested the removal of minimum alternate tax (MAT) on these zones in the Budget.

 

Govt reaches out to exporters on inputs to push shipments

Govt reaches out to exporters on inputs to push shipments

The Commerce Ministry Tuesday asked exporters to come up with specific suggestions which could be taken up with various ministries, including Finance, to improve ease of doing business and boost waning exports.

CommMin pushes for service tax exemption for exports in Budget

To boost waning exports, the Commerce Ministry has suggested that exporters be exempted from payment of service tax in the upcoming Budget.

Commerce Ministry starts inter-ministerial talks on WTO decisions

The Commerce Ministry has begun an inter-ministerial exercise to assess implications of the decisions taken at the WTO's Nairobi meeting and find out the extent to which India can liberalise tariff regime, especially with regard to the farm sector.

Direct MMTC, STC to import dal, boost supply: Ram Vilas Paswan to Commerce Ministry

Direct MMTC, STC to import dal, boost supply: Ram Vilas Paswan to Commerce Ministry

Fearing rise in dal prices even next year, Food and Consumer Affairs Minister Ram Vilas Paswan on Tuesday asked the Commerce Ministry to direct trading firms such as MMTC and STC to start importing and boost domestic supply.