RBI expects CAD to remain within 3 per cent in FY23

Even as the RBI is optimistic about lower than 3% CAD, analysts have a different view. Recently, rating agency ICRA projected CAD at 3.5% of GDP in FY23.

published on : 17th September 2022

Exports rises marginally in August; trade gap more than doubles to 27.98 billion

Trade deficit in August 2021 stood at USD 11.71 billion. Imports rose by 37.28 per cent to USD 61.9 billion in August this year.

published on : 14th September 2022

China's export growth sinks in August, imports shrink

Demand for Chinese exports has softened as economic activity in Western markets slowed and the Federal Reserve and central banks in Europe and Asia raise interest rates to cool surging inflation.

published on : 7th September 2022

'Demand slowdown, global uncertainties impacting India's exports': Experts

The world merchandise trade volume is expected to grow 3 per cent in 2022 against the earlier forecast of 4.7 per cent, mainly due to the ongoing war between Russia and Ukraine.

published on : 7th September 2022

India now aspiring to take international trade to USD 2 trillion by 2030: Goyal

With a 13.5 per cent expansion in June quarter, the Indian economy has overtaken the UK, which has slipped to the sixth spot.

published on : 7th September 2022

Exports dip 1.15 per cent to USD 33 billion in August; trade deficit widens to USD 28.68 billion

Trade deficit in August 2021 stood at 11.71 billion. Imports rose by 37 per cent to USD 61.68 billion in August this year.

published on : 3rd September 2022

Exports likely to be around USD 470-480 bn in FY23: Commerce Secretary

Talking to reporters, Subrahmanyam said the merchandise trade during 2022-23 will be USD 470-480 billion and the services sector is likely to contribute another 280 billion.

published on : 24th August 2022

Windfall tax on transport fuel to hit profits of oil companies

They said the tax on local oil producers has been cut on expected lines but increasing the levy on jet fuel and diesel exports was a surprise as local markets are reasonably well-supplied. 

published on : 19th August 2022

Exports up 2.14 per cent to USD 36.27 billion in July; trade deficit at record USD 30 billion

Imports shot up by 43.61 per cent to USD 66.27 billion in the month compared to July 2021, the data showed.

published on : 12th August 2022

Bengal has potential to earn Rs 20000 crore from seafood export in next 5 years

Shrimps account for the lion's share of the export earnings in marine products and the ban on antibiotics and its proper implementation by the state government will help the industry grow.

published on : 12th August 2022

Pakistan's trade deficit with neighbouring countries swells

The government has allowed maximum imports from Afghanistan in the rupee on a land route in the post-Taliban regime period. The figures did not reflect those imports made in rupees.

published on : 9th August 2022

Two more grain shipments leave Ukraine

It said that one of the ships, the Rahmi Yaggi, was bound for Turkey with 5,300 tons of products, while the Ocean Lion was carrying some 65,000 tons of corn to South Korea.

published on : 9th August 2022

Storm over teacup: Nepal concerned about possible Indian levies on its tea

Nepal’s tea planters are hoping against hope that the Indian government doesn’t impose heavy duties on their tea and are optimistic that diplomatic ties between the two nations will thwart this.

published on : 5th August 2022

Yield enhancer launched in Guntur

Once the new plants are commissioned, Krishi Rasayan Exports will become the largest manufacturer in India, he added. 

published on : 1st August 2022

All countries including India need to hold Russia to terms of grain deal: USAID chief 

"The stakes are extremely high. Twenty million tonnes of grains on which the global food supply is going to be influenced remain trapped (in Ukraine)," Samantha Power said.

published on : 27th July 2022

India's tea exports declined over 20 per cent in past 5 years: Centre in Lok Sabha

India's tea sector employs around 1.2 million workers and contributes 23 per cent to the global output.

published on : 27th July 2022

Ukraine conflict affects India's telecom, tea exports: Centre in Parliament

In spite of global economic adversities, high-frequency indicators in the first quarter of 2022-23 reflect sustained growth momentum in the economy as compared to the previous quarter.

published on : 27th July 2022

Black is the new gold: UP’s rice bowl strikes it rich

According to a senior agriculture department official, by sowing 15 kg of black rice with an investment of Rs 42,000, the farmer gets Rs 2,55,500 by selling his crop.

published on : 24th July 2022

Oilmeals export jumps over 2-fold to nearly 4.32 lakh tonnes in June 

SEA highlighted that there was a record export of rapeseed meal last month at 3,08,549 tonnes on increased domestic output as well as processing.

published on : 19th July 2022

India's agricultural exports, processed food products rise 14 per cent in Q1 FY 2022-23

Further, exports of rice witnessed a growth of 13 per cent, while the export of meat, dairy & poultry products increased by 9.5 per cent and export of other cereals increased by 29 per cent.

published on : 18th July 2022
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