Exports contract for 13th consecutive month; dips 15% in December
Exports contract for 13th consecutive month; dips 15% in December

India's exports contracted for the 13th month in a row, dipping about 15 percent in December to USD 22.2 billion due to steep decline in engineering and petroleum shipments.

Foreign e-tailers to rake in Rs 54,700 cr from local shoppers

Despite government's attempt to curtail imports of consumer items, shoppers are likely to buy Rs 54,700 crore worth foreign goods from overseas e-tailers this year, a report said Thursday.

Exports shrink for 11th month in a row, down 17.33% in Oct to $21.35 billion
Exports shrink for 11th month in a row, down 17.33% in Oct to $21.35 billion

For the 11th month in a row, India's merchandise exports dipped in the month of October by 17.33 percent to USD 21.35 billion mainly due to weak global demands.

E-commerce: RBI allows banks to use e-payments for imports
E-commerce: RBI allows banks to use e-payments for imports

In order to facilitate e-commerce, RBI Thursday permitted banks to enter into pacts with Online Payment Gateway Service Providers (OPGSPs) for import payments.

Gold imports jump 140% to $4.95 bn in August
Gold imports jump 140% to $4.95 bn in August

Gold imports more than doubled to USD 4.95 billion in August, driven by dip in global prices and higher domestic demand in view of forthcoming festival season.

Govt to import additional 5,000 tons of pulses to control prices
Govt to import additional 5,000 tons of pulses to control prices

Under pressure to rein in retail prices of pulses that have shot up to Rs 155 per kg, the government today decided to import additional 5,000 tonnes of tur dal to boost domestic availability.

India mulls safeguard duty on steel imports

The government is likely to soon impose safeguard duty on imports of certain types of steel as it has found prima-facie evidence that surge in imports is hurting domestic producers.

Doubts over Chinese yuan put BOJ in a bind
Doubts over Chinese yuan put BOJ in a bind

China`s devaluation of the yuan exposes an undefended flank in the Bank of Japan`s efforts to jolt its flagging economy out of decades of deflation, which rely heavily on a solid pick-up in overseas demand.

China yuan devaluation rattles India Inc; cheap imports may rise

With China's move to devalue its currency, engineering and textile exports from India are expected to take a major hit with Chinese goods becoming more competitive.

Dip in exports: Govt sets up council for trade promotion

The Union Commerce and Industry Minister will be the chairperson of 'Council for Trade Development and Promotion', while trade/commerce ministers in states and Union Territories will be the members.

China's gold imports from Hong Kong drop to eight-month low

China`s net gold imports from main conduit Hong Kong fell to an eight-month low in April, data showed on Thursday, as demand for the precious metal eased amid robust equities.

Gold imports may rise 89% to 100 tonnes in April: GJF

The gold import stood at 53 tonne during April last year, according to data given by The All India Gems and Jewellery Trade Federation (GJF).

Centre targets acetone imports with anti-dumping duty

The Finance Ministry imposed the duty on Acetone imports based on recommendations of the Directorate General of Anti-Dumping Duty (DGAD) for five years.

Iran keen to increase tea, medicine imports from India: Kher

During the recent visit of Commerce Secretary Rajeev Kher to Tehran, both the sides deliberated on ways to enhance trade in the two commodities.

Coal imports jump 34 percent in 2014/15

Coal Secretary Anil Swarup estimated imports of 200 million tonnes for 2014/15 and 160 million tonnes for the 2015/16 fiscal year.

April-December gold imports stood around $26 bn

India imported gold worth nearly $26 billion during the April-December period of the current fiscal 2014-15, parliament was informed on Tuesday.

Gold imports rise to $1.98 bn in February

Gold imports in February rose to USD 1.98 billion (Rs 12,293 crore), the second successive monthly rise.

Exports dip 15% in February; trade deficit at 17-month low
Exports dip 15% in February; trade deficit at 17-month low

Falling for the straight third month, India's exports declined steeply by over 15 percent to USD 21.54 billion in February, even as trade deficit narrowed to USD 6.85 billion.

Ease of Doing Biz: Only 3 documents needed for imports, exports
Ease of Doing Biz: Only 3 documents needed for imports, exports

The move will also lead to reduction in transaction cost and time. Currently, around 10 documents are needed to fulfil the official obligations.

Tata Steel hopes Budget to take steps to arrest rising imports

Tata Steel on Thursday said it expects Finance Minister Arun Jaitley will take necessary measures in the upcoming Union Budget to rein in rising steel imports for making the domestic industry competitive.