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Searched Tag: ministry of commerce and industry
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India’s first sea consignment of pomegranates reaches the US

April 19, 2025, 12:19 PM - 4 min read

APEDA's first commercial sea shipment of Indian pomegranates has arrived in the USA. This historic consignment, representing Maharashtra’s Bhagwa variety, marks a key milestone in India's fruit exports, offering a more cost-effective, sustainable method of shipping while benefitting local farmers.

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Govt lifts floor price on Basmati rice exports

Govt lifts floor price on Basmati rice exports

September 14, 2024, 02:59 PM - 1 min read

The export floor price for basmati rice was removed to boost competitiveness and address trade concerns, having initially been set at $1,200 per metric ton in August 2023 and later reduced to $950 per metric ton to manage domestic prices and prevent misclassification.

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Centre engages e-com giants over fake reviews surge, issues draft quality control order

Centre engages e-com giants over fake reviews surge, issues draft quality control order

May 15, 2024, 09:00 PM - 2 min read

The Department of Consumer Affairs responded to a surge in e-commerce complaints by holding a stakeholder consultation on fake reviews. With grievances on the rise, stakeholders agreed on the necessity of a quality control order to ensure genuine reviews are published, aiming to safeguard consumer trust in online shopping platforms.

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Government e Marketplace ushers in a new era of inclusive public procurement

Government e Marketplace ushers in a new era of inclusive public procurement

March 29, 2024, 03:13 PM - 2 min read

The GeM has accomplished a remarkable milestone by reaching ₹4 lakh crore in Gross Merchandise Value (GMV) by the end of the fiscal year, doubling its previous year's GMV. This achievement highlights the platform's digital capabilities, which have enhanced efficiency, transparency, and seamlessness in public procurement.

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Cement and Steel lead the way as India's core sector output grows 6.7% in Feb 2024

Cement and Steel lead the way as India's core sector output grows 6.7% in Feb 2024

March 28, 2024, 07:43 PM - 2 min read

In February 2024, the combined Index of Eight Core Industries exhibited a 6.7% increase compared to the same month in 2023. These eight core industries hold a significant weightage of 40.27% in the Index of Industrial Production (IIP). The cumulative growth rate of the Index of Eight Core Industries for the period spanning April to February 2023-24 stands at 7.7%, as per provisional data.

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The government has allowed Abu Dhabi National Oil Company (Adnoc) to export crude oil it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an order of the Ministry of Commerce and Industry said on Saturday

Government permits Adnoc of UAE to export oil from India's strategic reserves

March 23, 2024, 05:29 PM - 2 min read

In an order, the ministry said the condition of export being allowed only through IOC will continue, but "AMI (Adnoc Marketing International (India) RSC Limited India) is exempted from STE conditions and is allowed to re-export crude oil from their commercial stockpile at Mangalore strategic petroleum reserve, at their own cost".

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The Universal Service Obligation Fund (USOF), operating under the Department of Telecommunications (DoT), has forged a strategic partnership with Prasar Bharati and the Open Network for Digital Commerce (ONDC)

ONDC, USOF and Prasar Bharti join hands to digitally empower rural India

March 12, 2024, 08:07 PM - 2 min read

The primary objective of this MoU is to leverage the extensive BharatNet infrastructure supported by the USOF to bundle broadband services with over-the-top (OTT) platforms and e-commerce facilities specifically tailored for rural communities.

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Cabinet approves Uttar Poorva Transformative Industrialization Scheme, 2024

Union cabinet approves Rs. 10,037 Crore UNNATI Scheme for northeastern industrial development

March 7, 2024, 11:05 PM - 2 min read

The proposed scheme envisages approximately 2180 applications, and it is anticipated that direct employment opportunities of about 83,000 will be generated during the scheme period. A significant number of indirect employment is also expected to be generated.

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WTO Meet Abu Dhabi. Image X.

Navigating digital frontiers: WTO's Decision sparks debate on E-commerce tariffs

March 2, 2024, 01:12 PM - 2 min read

In a significant development, the World Trade Organization (WTO) members, including India, have agreed to extend the moratorium on imposing customs duties on e-commerce trade for an additional two years, until the next ministerial conference in 2026.

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The Union Cabinet has allowed 100% foreign direct investment (FDI) in the space sector in a bid to attract potential investors to invest in Indian space companies. 

Govt allows 100% FDI in space sector

February 22, 2024, 12:43 PM - 2 min read

The Ministry of Commerce and Industry stated that, "The increased private sector involvement will stimulate job creation, facilitate technology transfer, and fortify India's position in the global space economy, It is anticipated that the policy reforms will incentivize companies to establish manufacturing facilities within the country, aligning with the government's 'Make In India' and 'Atmanirbhar Bharat' initiatives"

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