The newly elected Narendra Modi government is not letting the withdrawal of India’s GSP benefits by the USA to pull it down one bit. In a press statement, the Modi government said that the United States of America has w.e.f. 5 June 2019 withdrawn India’s GSP benefits. It further states that these are ‘unilateral, non-reciprocal […]
Category: Market
At Ministerial Meeting of Asia Cooperation Dialogue, India raises Sri Lanka Terrorist attack
The 16th Ministerial Meeting of Asia Cooperation Dialogue (ACD) was held in Doha, Qatar. Gen. (Dr) V.K. Singh (Retd), Minister of State for External Affairs led the Indian delegation. Earlier, Manish, Joint Secretary (South) attended the Senior Officers’ Meeting (SOM) held on April 30. In his address at the Asia Cooperation Dialogue, the Minister expressed […]
PM Modi congratulates President of Maldives
Prime Minister Narendra Modi called Ibrahim Mohamed Solih, President of the Republic of Maldives today, and complimented him on the victory of the Maldivian Democratic Party (MDP) in the recent Parliamentary elections. Prime Minister Modi noted that this significant victory of MDP signifies a resounding endorsement of the policies and efforts of its leaders, who […]
Five varieties of Indian coffee get GI Certification
The Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India has recently awarded Geographical Indication (GI) to five varieties of Indian coffee. They are: Coorg Arabica coffee is grown specifically in the region of Kodagu district in Karnataka. Wayanaad Robusta coffee is grown specifically in the region of […]
India-US Trade War: Read the full statement issued by India
United States of America today has given a 60-day withdrawal notice to India on the Generalized System of Preferences (GSP) benefits extended by US. Since the review initiated by the US in April 2018 on India’s GSP benefits, India and US have been discussing various trade issues of bilateral interest for a suitable resolution on […]
Bilateral Swap Arrangement with Japan to help India get access to $75 billion
Reserve Bank of India and Bank of Japan have completed signing of the Agreement for Bilateral Swap Arrangement (BSA) between India and Japan. It may be recalled that the BSA was negotiated between India and Japan during the visit of Prime Minister Narendra Modi to Tokyo on 29.10.2018. This BSA provides for India to access […]
Estimated 3 million tourists to visit Statue of Unity
Tourism is a booming market in India and promises scores of jobs in the future. Statue of Unity, world’s tallest statue is already getting huge response from tourists and taking this into account the National Tourism Advisory Council (NTAC) and other stakeholders met with Gujarat Tourism officials. The meeting took place at Tent City, Statue […]
Check out the GST revenue collections for January 2019
The total gross GST revenue collected in the month of January, 2019 is Rs 1,02,503 crore of which CGST is Rs 17,763crore, SGST is Rs 24,826 crore, IGST is Rs 51,225 crore (including Rs 24,065crore collected on imports) and Cess is Rs 8,690 crore (including Rs 902crore collected on imports). In FY 2018-2019, it is […]
CSC launches First Cash and Carry Store in Kanth
Common Services Centres (CSCs) under Digital India mission are providing Citizen Centric Services. CSCs are delivering many government and non-government services to citizens in rural India across the country. They have also launched many products: like Patanjali, i-Ball, Samsung and signed the agreement with many service providers. Common Services Centres (CSCs) are also selling IFFCO […]
India to export fish meal and fish oil to China
The Vice Minister, General Administration of Customs of China (GACC), Hu Wei, led a six-member delegation to India to discuss various issues of market access for different products like milk and milk products, agricultural products like soy meal, fruits and vegetables, tobacco and pharmaceutical products for which India has been seeking market access from China. […]