Overall Exports April-October rise by 39.83%, Imports leap by 63.64 % NEW DELHI: India’s overall exports (Merchandise andServices combined) in October 2021 are estimated to be USD56.51Billion, exhibiting a positive growth of 35.16 per centover the same period last year and a positive growth of29.13per cent over October 2019. Overall imports in October2021 are estimated […]
MUMBAI: Global Logistics, led by Mr. Asif Mujawar, Mr. Jiss Mathew and Mr. Naveen Prakash has grown lead andbounds from a team of 20 people to more than 300 people with offices in 16 locations across India since its 2006 inception. Over the years, Global Logistics has grown by focusing on customer centricity to constantly […]
The CBIC issued Instruction No. 20/2021-Customs dated September 10, 2021 w.r.t. easing availability of containers for exporters. The CBIC has taken various measures over last year related to the subject cited above including the Special drive for disposal of unclaimed/uncleared/ seized/ confiscated goods vide Instruction No. 17/2020- Customs dated August 10, 2020 which has enabled disposal of […]
The International Monetary Fund (IMF) said India’s decision to ban vaccine exports was affecting several developing countries as it unveiled a proposal on how a $50 billion investment plan could vaccinate people around the world against COVID-19 by the middle of next year. The IMF research piece, authored by IMF Chief Economist Gita Gopinath and […]
Due to a slowdown in demand as a result of Covid-19-induced mobility restrictions in various parts of the country, India’s crude imports have plateaued in April 2021. According to Petroleum Planning and Analysis Cell (PPAC) data, India imported 18.26 million tonnes (mt) of crude oil paying about $8.5 billion in April 2021, almost the same […]
The FTP is likely to include key elements from a national logistics policy that has been in the works for months. Over the next five years, this policy aims to reduce logistics costs from 13% to 8% of GDP, significantly improving India’s trade competitiveness. Even though certain key export schemes, such as those relating to […]
The Indian Pulses and Grains Association (IPGA) said on Wednesday that India’s supply-demand situation for chickpeas (chana) and lentils (masoor dal) is tight, and the government should revisit import duties on these two pulses to encourage overseas purchases in the coming months. The world’s largest importer of chickpeas and lentils currently charges a 50% tariff […]
Indian cereal exports, particularly wheat exports, became more profitable as world prices rose. The global cereal price index of the United Nations Food and Agriculture Organization is currently at 125.1, the highest level since May 2014. Despite the Covid blues, India exported a record 19.8 million tonne (MT) of rice and wheat in FY21, owing […]
According to the Commerce Ministry’s data, the gold import, which has a bearing on the country’s current account deficit (CAD), zoomed to USD 6.3 billion for April due to a surge in domestic demand. However, the Silver imports dipped by 88.53 percent to about USD 11.9 million in the month. Gold import stood at USD […]
According to the latest data released by the Commerce and Industry Ministry on Friday, the overall exports (merchandise and services) of India are estimated to have grown 93.21 percent to $51.79 billion in April on a low year-on-year (YoY) basis. Merchandise exports nearly tripled in April to $30.63 billion compared to the same period last […]
