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Commerce Ministry working on infra requirement to achieve $1 trillion goods exports target by 2030, says official

Additional Secretary in the Department of Commerce Anant Swarup said that the Asian Development Bank has been requested to conduct a study in this regard. ....

Director General , Foreign Trade , Santosh Kumar Sarangi , India Import , India Export , Ndia Export Target , Ndia Import Target , Commerce Ministry , Ecommerce News ,

India's coal import rises 13 pc in February

India s coal import increased by 13% to 21.64 million tonnes in February, driven by non-coking coal. The country s coal production reached 880.72 million tonnes in the April-February period of FY24. ....

New Delhi , Vinaya Varma , Coal Import , Coal Import India , India Import ,

Exporters seek exemption from 45-day payment rule for supplies from MSEs, ET Retail

Exporters Seek Exemption From 45-day Payment Rule: The new rule, Section 43B(h) of the Income Tax Act, introduced in the Finance Act 2023, is designed to make sure small businesses get paid on time. It allows companies to get tax breaks if they pay their small business suppliers within the time limits set by the MSMED (Micro, Small and Medium Enterprises Development) Act, 2006. ....

Medium Enterprises Development , Income Tax Act , Finance Act , Exporters Seek Exemption From 45 Day Payment Rule , India Foreign Trade , India Export , India Import , Micro And Small Enterprises , 5 Day Payment Mses Rule , 5 Day Payment Msmes Rule ,

India, Dominican Republic to set up institutional mechanism to promote trade relations

India primarily imports gold from the Dominican Republic and exports pharmaceuticals, marine products, motor vehicles, two and three wheelers to them. ....

Dominican Republic , Santo Domingo , Ramu Abbagani , Union Cabinet , Ministry Of Foreign Affairs , Foreign Affairs Of Dominican Republic , Department Of Commerce , Joint Economic , Trade Committee , Foreign Affairs , India Dominican Republic , India Dominican Republic Trade , India Foreign Trade , India Export , India Import ,

Russian oil shaves India's import costs by about $2.7 bln

India imported 69.06 million metric tons of Russian oil, equivalent to 1.85 million barrels per day (bpd), between January and September, commerce ministry data showed, including Russian oil imported from South Korea, Greece and Spain through transshipments. ....

Saudi Arabia , South Korea , Middle East , Russian Urals , India Import , Russia Oil , India Oil Import , Crude Oil ,