New Delhi, March 2 (IANS) The government on Monday said it will continue to engage closely with all stakeholders and relevant ministries and departments to ensure that India’s trade continues to move efficiently and that any emerging issues are addressed in a timely manner.The Centre reiterated its readiness to facilitate trade operations, including procedural flexibility in export-related authorisations in cases of genuine disruption; coordination with Customs authorities to ensure smooth clear…
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New Delhi, Feb 26 (IANS) Union Commerce and Industry Minister Piyush Goyal on Thursday said he held ‘very fruitful discussions’ with US Secretary of Commerce Howard Lutnick and US Ambassador to India Sergio Gor to expand trade and economic ties between the two countries.In a post on social media platform X, Goyal said he hosted the US Secretary of Commerce and the US Ambassador in India and engaged in meaningful talks aimed at strengthening bilateral trade and economic partnership.He highlig…
New Delhi, Feb 25 (IANS) There has been a drastic decline in private investment in Pakistan’s economy despite a reduction in interest rates as businesses face an uncertain economic environment due to high energy costs, regulatory unpredictability, and high taxes, according to an article in the Pakistani media.Data released by the State Bank of Pakistan showed that private sector bank borrowing plummeted by 39 per cent during the first seven months of FY2026, falling to Rs 666 billion from Rs 1…
Seoul, Feb 18 (IANS) Volatility in the foreign exchange (FX) market and the United States’ tariff policies pose the biggest risks for South Korean exporters, the companies said in a survey released on Wednesday.In the survey conducted on 1,193 export firms here by the Korea International Trade Association (KITA), 28.6 per cent said their business environment in 2026 would be similar to that of last year, while 31.1 per cent expected improvements and 30.3 percent anticipated worsened conditions, …
New Delhi, Feb 12 (IANS) A structural issue responsible for perpetuating Pakistan’s dependence on the IMF is its failure to control expenditure, which has spiralled, at both federal and provincial levels, via salary increases far exceeding inflation for the civil, judicial, and military bureaucracies alongside expanding vehicle fleets, luxury housing, plush offices, overseas junkets, and discretionary budgets, often without mandates, sunset clauses or performance tests, according to an article…
Mumbai, Feb 11 (IANS) The Indian apparel (exports) sector has been upgraded to ‘Stable’ outlook from ‘Negative’ after the US reduced reciprocal tariffs on Indian goods to 18 per cent from 25 per cent, a report said on Wednesday.The report from ratings agency ICRA restored its outlook on the apparel sector, saying apparel export revenues are likely to rebound 8–11 per cent in FY27 even as shipments are still projected to decline 3–5 per cent in FY26.The report attributed revenue growth to rec…
New Delhi, Feb 7 (IANS) The US trade agreement framework represents a historic milestone for India’s textiles and apparel sector, industry leaders said on Saturday.On behalf of the entire textile and apparel industry, Dr A Sakthivel, Chairman of the AEPC (the official body of apparel exporters in India), welcomed the India-US joint statement on the trade deal. “The coming decade is poised to be India’s decade in textile trade, as the country emerges as one of the most preferred sourcing de…
New Delhi, Feb 7 (IANS) As the United States and India finalised an interim trade agreement that reduces US tariffs on Indian goods to 18 per cent, Prime Minister Narendra Modi on Saturday hailed the development, calling it ‘great news’ for both nations. Taking to social media platform X, PM Modi said, “Great news for India and USA! We have agreed on a framework for an Interim Trade Agreement between our two great nations. I thank President Trump for his personal commitment to robust ties betw…
Mumbai, Feb 6 (IANS) The World Trade Center Mumbai on Friday announced that it hosted a high‑level business delegation in the US, where senior officials sought collaboration with India in aerospace, advanced manufacturing, telecom technology, green energy, and infrastructure development.The event sought to help MSMEs, startups, and exporters collaborate better after the announcement of the US-India trade deal.Dave Somers, County Executive, Snohomish County, Seattle Region, said that a sustaina…
Amaravati, Feb 4 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Wednesday welcomed the Central Government’s decision to reduce the excise duty on unbranded raw tobacco products to zero.He said that the move will benefit the unbranded tobacco trade in the state.According to an official release, the state government has taken note of the gazette notification issued by the Central Finance Ministry in this regard.The Finance Ministry issued this gazette clarifying the duty structure ap…