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Searched Tag: commerce ministry
Commerce and Industry Minister Piyush Goyal.

India will safeguard interests after Trump tariff: Goyal

July 31, 2025, 04:49 PM - 3 min read

In a suo motu statement in the Lok Sabha, Piyush Goyal said the government is currently examining the implications of the tariff measures announced by the US President.

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Indian team may visit US next week for key trade deal talks

July 11, 2025, 07:32 AM - 4 min read

India and the US are expected to begin the second phase of trade talks next week, focusing on a bilateral agreement as both sides navigate tariff discussions and await necessary political approvals.

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Centre introduces diamond imprest authorisation scheme

Centre introduces diamond imprest authorisation scheme

January 22, 2025, 03:05 PM - 3 min read

The scheme responds to ‘Beneficiation’ policies in diamond-mining nations like Botswana, Namibia, and Angola, requiring local value addition. It aims to create a level playing field for Indian diamond exporters, especially MSMEs, to compete effectively with larger players, according to the Commerce Ministry.

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Commerce ministry may face repeat of 2011 trade data error

Commerce ministry may face repeat of 2011 trade data error

December 19, 2024, 07:25 PM - 4 min read

The commerce ministry may witness a repeat of 2011 when a discrepancy of about USD 9 billion was detected in the trade data for the April-November period. This time, the issue involves suspected errors in calculating gold import figures for November 2024.

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The Commerce Ministry is developing a regulatory framework aimed at boosting India’s e-commerce exports, Commerce Secretary Sunil Barthwal announced on Tuesday.

Commerce ministry to finalise E-commerce export

July 18, 2024, 12:55 PM - 2 min read

According to a report by the think tank Global Trade Research Initiative (GTRI), India’s e-commerce exports could potentially soar to $350 billion by 2030. The report highlights that this sector has the capability to grow faster than India’s IT exports did in the early 2000s. Despite this promising potential, current e-commerce export figures remain significantly lower than expected.

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