On Saturday, Piyush Goyal confidently predicts that the US & India Trade will reach $500-$600 Billion US Dollars by 2030. If we talk about the current trade situation so it is around $175 Billion US Dollars. Their trade relationship is getting strengthen day by day. He further added that the US is seeing India be…
This Tuesday, the big news comes that Mr. Rishi Sunak is officially selected as the 57th Prime Minister of the UK. He is being appointed by King Charles III. after becoming the Prime Minister Mr. Rishi Sunak goes to Buckingham Palace to meet King Charles III. As per the Exim Trade data, Mr. Sunak is…
This Friday, Finance Minister Nirmala Sitharaman suggested that India has to ease certain taxes that become a burden on exporters. “We can’t be exporting taxes.’ We also should identify ways in which those taxes – whether Centre, State or local – that are on these products should be removed so that we don’t burden their…
On Friday 14th Oct, The Indian Union Minister Pralhad Joshi stated that “India will stop importing thermal coal by 2024-25”. This is the big step taken by the Indian government just to minimize the dependency on other foreign countries for essential goods. Pralhad Joshi said that in the present year domestic coal production is seeing…
The last date that is given to the Kolkata wheat trades to export wheat packages is extended by the high court of Kolkata till October 31st. On the 13th of May, the central government banned the export of wheat and decided the date the 30th of September saying that it was the last date of…
India’s biggest tea and basmati rice exporter Iran currently not giving fresh orders because of the anti-hijab project going on throughout the Iranian cities. As per the latest data from the global import-export data provider, Iranian traders have stopped placing new orders. They said the situation is so tense and they are waiting for the…
In the upcoming 2-3 years, the India & UAE trade value is expected to cross $100 Billion mark. This is possible because of the global economic partnership agreement held between India & UAE. According to the Exim Trade Data, the trade value reached $73 Billion dollars in FY22. FY21 to FY22, the value has increased…
As India extended the foreign trade policy till march 2023. Traders are demanding to extend the GST exemption on Export freight. The Federation of Indian Export Organizations (FIEO) expresses that the GST exemption is not being extended. They said that the exemption is already extended twice a time till it was announced. The export freight…
B.V.R. Subrahmanyam states a statement that “Rising imports a concern, but imposing curbs not the solution”. At the current time, India is facing problems in the import-export sector. As per the latest news, the Indian export sector decreased by 1.62% in August 2022 and the import sector increased by 37% in August 2022. India is…
On Monday, the news comes that the government announced that they are extending the foreign trade policy for another six months. The government takes this step in order to maintain the volatile global economy, currency fluctuation, and geopolitical situation. The last Foreign trade policy (2015-2020) will be ending on the 30th of September but because…
