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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.

 

Commerce Ministry to hold meeting with pulses importers tomorrow

Commerce Ministry to hold meeting with pulses importers tomorrow

Concerned over widening gap in demand and supply of pulses leading to exorbitant rise in prices, the Commerce Ministry will hold a meeting Wednesday with importers on their strategy on dealing with the situation in the coming months.

 

Commerce Ministry asks RBI, ED to probe if top ecommerce firms flouted rules

Commerce Ministry asks RBI, ED to probe if top ecommerce firms flouted rules

 The Commerce Ministry has requested the Enforcement Directorate and RBI to examine whether e-commerce majors Flipkart, Amazon and Snapdeal violated FDI rules by engaging in business-to-consumers (B2C) activity.

Govt assures incentives to boost exports: Exporters

The government has assured that it will soon announce incentives, including extension of interest subsidy scheme, to boost exports, which are in negative zone since December last year, exporters said Wednesday.

 

Exports of top 5 sectors dip 25% to $13.33 billion in August

Exports of top 5 sectors dip 25% to $13.33 billion in August

Exports of top five sectors - engineering, petroleum, gems and jewelery, textiles and pharmaceuticals - fell by about 25 percent to USD 13.33 billion in August due to global demand slowdown.

Declining exports: ComMin to hold exporters meet on Oct 7

Worried over continued decline in exports, the Commerce Ministry will hold a meeting of exporters on October 7 to discuss ways to contain the dip in the outbound shipments.

Govt keeping close watch on dumping: Sitharaman

The government is keeping a close watch on dumping in view of recent devaluation of Chinese currency, Commerce Minister Nirmala Sitharaman said Friday.

Exports of 10 key agricultural products in negative zone in July

Cereals, oil meals, oil seeds, fruits and vegetables, marine products, dairy and poultry products too recorded negative growth during the month, according to the Commerce Ministry.

RCEP pact: Commerce Ministry to hold consultations with industry on goods

After the consultation, the Ministry would prepare an initial offer on goods for Regional Comprehensive Economic Partnership (RCEP), an official said.

Fall in crude prices responsible for dip in exports: Govt

As merchandise shipments continue to fall since last December, a top official in Commerce Ministry today attributed the declines to sharp fall in fuel prices overseas, which led to a dip in petroleum product exports.