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India, Bangladesh discuss trade settlement in rupee, free trade agreement

India, Bangladesh discuss trade settlement in rupee, free trade agreement

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Union minister of Commerce and Industry Piyush Goyal and his Bangladeshi counterpart Tipu Munshi discussed the settlement of trade in Indian rupees in New Delhi on Thursday. The two countries will also likely develop a free trade agreement (FTA) soon. “A joint feasibility study on a Comprehensive Economic Partnership Agreement (CEPA) has been carried out after the …

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Coal India Imports 3.58 Lakh Ton Coal From Indonesia

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Coal India Ltd (CIL) has imported approximately 3.58 lakh tonne of coal from Indonesia, the Parliament was informed on Monday. “Approximately 3.58 lakh tonne of coal has been imported by Coal India Limited (CIL) from Indonesia through the vendor namely M/s GHV-BDE-DIL (JV) during this year on behalf of Thermal Power Plants (TPPs) of State …

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CAMPCO urges Centre to restrict arecanut imports via India – Bhutan Border

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BY Raghavendra, Lok Sabha member from Shivamogga district in Karnataka, urged the Centre December 15, 2022 to levy a hefty import duty on arecanut to check falling prices in the domestic market.  The country’s arecanut farmers are faced with an unfair challenge as imports of cheaper varieties, especially from Bhutan, flooded the domestic markets and …

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SEA OF INDIA: Fall in local price, rupee depreciation drive oil meal export up by 150% in Nov

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Sharp fall in local prices of oilseeds coupled with depreciation of rupees has resulted in a jump of 150% in year-on-year export of oilmeal’s in November 2022 over the corresponding month of previous year. Export of rapeseed meal in the first 8 months has set a record by breaking previous high of 2011-12 fiscal, said …

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Govt Say: Defence, aerospace export up 334% in Last 5 years, now exporting to 75 nations

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Painting a mixed picture of defence exports and imports, the defence ministry told Parliament on Monday that foreign procurement in defence has risen to Rs 50,061 crore in 2021-22 from Rs 37,030 crore in 2017-18. Meanwhile, defence and aerospace exports have risen to Rs 12,815 crore from Rs 4,682 crore during the same period. Improvements in innovation The ministry told Parliament …

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Indian Sugar Mills Association say: India sugar export may touch 15lakh tonnes end of December

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Total sugar shipped for exports this season, which commenced in October, is expected to be 15 lakh tonnes by the end of December. According to Indian Sugar Mills’ Association, market reports indicate that contracts have been entered into for export of 45 lakh to 50 lakh tonnes of sugar. Of this, six lakh tonnes have …

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Cotton Industry want to removed import duty That’s why operating below capacity

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As big farmers and small trade aggregators hoard cotton expecting return of the historically high prices of the previous year, the cotton-based industry continues to operate below its capacity, seeking the removal of import duty. However, a section of the industry thinks that allowing imports may hurt farmers’ sentiments at a time when the industry …

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AEPC Chairman says, Apparel exports arrest fall, rise by 11.7% in November

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Apparel exports in November rose by 11.7 per cent to about USD 1.2 billion after declining for the last few months amid global challenges, export promotion body AEPC said on Friday. Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said that exports of ready-made garments (RMG) from India witnessed a rough patch in the past …

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