New Delhi, July 7 (IANS) India’s E-way bill generation under the Goods and Services Tax (GST) in June this year registered a robust 14.5 per cent increase to 136.77 million from 119.46 million in the same month of the previous year, reflecting the rising level of economic activity in the country.On a sequential basis, e-way bill generation increased 0.5 per cent from 136.08 million in the previous month.E-way bills are mandatory for the transportation of consignments valued at more than Rs 50,00…
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New Delhi, July 4 (IANS) The High Commissioner of Seychelles to India, Lalatiana Accouche, on Saturday said that Prime Minister Narendra Modi encouraged the archipelago to increase bilateral trade during his recent visit to the country.“It was a big honour for Seychelles to have Honourable Prime Minister Narendra Modi Ji last week until Monday on a State Visit and as our guest of honour for the 50th anniversary of independence of Seychelles,” the High Commissioner said. “It has been not on…
New Delhi, July 1 (IANS) The gross Goods and Services Tax (GST) collections rose 13.9 per cent year-on-year to Rs 1.94 lakh crore in June, driven by strong growth in revenues from imports, according to official data released on Wednesday.Gross GST revenue stood at Rs 1,94,812 crore in June, compared with Rs 1,71,105 crore in the corresponding month last year.The increase was led by a 34.6 per cent jump in GST revenue from imports to Rs 60,038 crore, while gross domestic GST revenue rose 6.5 per …
New Delhi, June 23 (IANS) India’s total merchandise and services trade expanded by 5.4 per cent year-on-year during January–March in the financial year 2025-26 to reach $1.84 trillion, reflecting a stable performance despite the uncertainties in global markets, according to NITI Aayog’s latest “Trade Watch Quarterly” released on Tuesday. Ashok Kumar Lahiri, Vice-Chairman, NITI Aayog, released the report in New Delhi, in the presence of the CEO, NITI Aayog and other senior officials.India…
New Delhi, June 1 (IANS) The gross Goods and Services Tax (GST) collections rose 3.2 per cent year-on-year to around Rs 2 lakh crore in May, despite geopolitical tensions in West Asia, according to government data released on Monday.As per data, gross GST revenue stood at Rs 1,94,184 crore in May, compared to Rs 1,88,172 crore in the same month last year. Meanwhile, net GST collections reached Rs 1,66,904 crore, a growth of 3.3 per cent over the corresponding period last year.Total refunds durin…
Seoul, June 1 (IANS) South Korea’s exports surged 53 per cent from a year earlier to a new monthly high of $87.8 billion in May, driven by the semiconductor supercycle, government data showed on Monday.It marked the third consecutive month the country’s outbound shipments surpassed the $80 billion mark, according to the Ministry of Trade, Industry and Resources.Imports rose 20.8 percent on-year to $60.8 billion, resulting in a trade surplus of $26.95 billion, reports Yonhap news agency.The combi…
New Delhi, May 6 (IANS) Indian companies have lined up investments worth over $20.5 billion across sectors such as technology, manufacturing and pharmaceuticals in the United States, US Ambassador to India, Sergio Gor, said on Wednesday, describing the momentum as a direct outcome of President Donald Trump’s economic leadership.In a post on social media platform X, the envoy said that 12 Indian companies announced fresh investments worth $1.1 billion in a single day, adding to a growing pipeline…
Washington, May 6 (IANS) The United States trade deficit widened in March as imports outpaced exports, even as the American goods gap with India narrowed compared to the same period last year, according to official data.The US Census Bureau and the Bureau of Economic Analysis said the overall goods and services deficit rose to $60.3 billion in March, up $2.5 billion from a revised $57.8 billion in February.US exports in March stood at $320.9 billion, an increase of $6.2 billion from February, wh…
New Delhi (IANS) India’s exports of steel rose by 29.1 per cent in March 2026 compared to the same month of the previous year, while imports declined sharply by 9.5 per cent, reflecting the increasing self-reliance in the sector, according to an official statement issued on Tuesday.The positive shift underscores India’s emergence as a reliable global steel supplier. It also demonstrates the country’s improved ability to meet rising domestic demand.India’s steel production registered a ro…
New Delhi, April 26 (IANS) Commerce and Industry Minister Piyush Goyal will hold a crucial meeting with export promotion councils and industry bodies on April 27 to discuss strategies to boost outbound shipments, amid growing concerns over declining exports and geopolitical disruptions.The meeting comes at a time when Indian exporters are facing headwinds due to the ongoing tensions in West Asia, triggered by the conflict involving the US, Israel and Iran.Industry sources said the situation has …