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Crude oil pumped out of the ground and from below the seabed is refined and converted into fuels like petrol, diesel and jet fuel

Govt slashes windfall tax on domestically produced crude oil and export of diesel, jet...

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Windfall profit tax on crude oil is the second lowest since the new levy was introduced in July 2022 According to an order, the government...
Addressing the Ambassadors’ Roundtable conference for the upcoming Aero India 2023, the minister said that Aero India is a premier global aviation trade fair

India has robust defence manufacturing ecosystem, emerged as leading defence exporter: Rajnath Singh

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'Make in India' encompasses 'Make for the World' Defence Minister Rajnath Singh said on Monday that for India's growing defence industrial capabilities, efforts are being...
Exports of iron ore lumps and fines with less than 58% Fe will attract nil export duty & with more than 58% Fe will attract lower export duty of 30%

Government restores status quo on iron ore; withdraws export duty on steel

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Import duty concessions on Anthracite/ PCI coal, coking coal, coke and semi coke and ferronickel have been withdrawn Restoring the status quo as was prevailing...
Centre makes changes to facilitate and ease international trade transactions in Indian Rupees

Centre amends Foreign Trade Policy; allows rupee settlement in export promotion schemes

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With the aim to boost trade, govt allows rupee settlement in export promotion schemes The Commerce Ministry said in a statement that the Central government...
Goyal was virtually addressing a meeting of the members of Export Promotion Councils

Aim to take textile exports from $42 bn to $100 bn in next five...

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Piyush Goyal says if goal is achieved then sector's value would be $250 bn for domestic, international markets While addressing a meeting of the members...
Amid macroeconomic headwinds, India's non-petroleum exports to UAE grew 14%

Amid macroeconomic headwinds, India’s non-petroleum exports to UAE grew 14%

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Indian exports to UAE excluding petroleum products surge to $5.92 bn from $5.17 bn YoY According to official data released by Commerce Ministry, Indian exports...
Joint surprise checks allow the CBI to collect documents and other information from an office on receipt of a complaint of an alleged mass-scale irregularity

CBI begins probe into Tuna fish export scam and role of Lakshadweep MP. Housing...

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Lakshadweep MP, nephew under CBI radar in Tuna fish export scam The Central Bureau of Investigation (CBI) has started inquiries into the allegations of corruption...
The export target will be achieved through sustainable fishing, ensuring quality and variety and by supporting the entire fisheries ecosystem

India aims to double marine product exports to Rs.1 lakh cr in 5 years

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Road map to achieve an export turnover of Rs.1 lakh crore ready Union Minister of Commerce and Industry, Food & Public Distribution and Textiles Piyush...
India ranks third worldwide for production by volume and 14th by value

Pharma exports grow 103% in 8 yrs; 60% world’s vaccines, 20% generic drugs come...

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India's pharma exports hit Rs.1.83 lakh cr in 2021-22 On Sunday the commerce ministry said that the Indian pharma sector logged a 103 percent rise...
While some countries experience a solid rebound in GDP growth, Afghanistan faces a humanitarian crisis, Pakistan a political crisis, and Sri Lanka a balance-of-payments crisis

World Bank warns debt payment to exports ratio highest in Pakistan, Sri Lanka

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Pakistan, Sri Lanka highest on account of external debt repayment ratio to exports The World Bank (WB) has warned that Pakistan and Sri Lanka are...

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