trade deficit

New Delhi, March 10 The Congress on Tuesday attacked the Centre for easing foreign direct investment (FDI) norms for China, saying it is a part of the Modi government's "calculated capitulation" to that country.The government on Tuesday eased FDI norms for China and other countries sharing...

New Delhi, March 10 The government on Tuesday eased foreign direct investment (FDI) norms for China and other countries sharing land borders with India, allowing overseas firms with up to 10% ownership from these nations to invest in the country without mandatory approval.Previously, overseas...

New Delhi, March 10 The government eased norms for foreign direct investment from all countries, including China, that share land borders with India, sources said.They said that Press Note 3 of 2020 has been amended in this regard.The decision was taken in a meeting of the Union Cabinet...

New Delhi, March 10 The government on Tuesday eased norms for foreign direct investment from all countries, including China, that share land borders with India, sources said.They said that Press Note 3 of 2020 has been amended in this regard.The decision was taken in a meeting of the Union...

New Delhi, March 7 The government has granted certain relaxations to exporters in fulfilling their export obligations, as the trading community is facing difficulties in the movement of goods due to the ongoing West Asia crisis, according to a notification."In view of the prevailing...

New Delhi, March 7 The government has granted certain relaxations to exporters in fulfilling their export obligations, as the trading community is facing difficulties in the movement of goods due to the ongoing West Asia crisis, according to a notification."In view of the prevailing...

New Delhi, March 7 The commerce ministry has assured that the full benefits under the export support scheme, RoDTEP, will be restored from April 1 this year, providing much-needed relief to exporters facing challenges due to the West Asian crisis, FIEO said on Saturday.Except for agricultural...

New Delhi, March 5 The Congress stated on Thursday that there are clear downward pressures on China's GDP growth, which are now structural in nature, but there is nothing for India to celebrate as its economy is much larger and the trade deficit with China is rising.Congress general secretary...

Mumbai, March 4 The rupee plunged by 56 paise to close at an all-time low of 92.05 against the US dollar on Wednesday, weighed down by soaring crude oil prices in the wake of the Iran crisis.Forex traders said the dollar index crossed 98 levels due to the risk-off sentiment prevailing globally...

Mumbai, March 4 The benchmark stock market indices, Sensex and Nifty, experienced significant losses on Wednesday, in line with the weak trend in Asian markets, as the conflict in West Asia intensified, driving up oil prices.Continuing its sharp fall from the previous session, the 30-share BSE...

New Delhi, March 3 Fitch Group company BMI said on Tuesday that the ongoing conflict in the Middle East could discourage investment in India, and offset the positive effects of trade deals with the EU and the US on GDP.A 10 per cent rise in crude prices could reduce India's GDP by -0.3 to -0.6...

Washington, March 2 – The White House on Monday unveiled President Donald Trump's 2026 Trade Policy Agenda, declaring that "America is back" and vowing to deepen tariffs, enforce trade laws, and renegotiate key agreements to reduce what it calls a national emergency driven by record trade...

Mumbai, March 2 India's current account deficit (CAD) rose to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter from USD 11.3 billion in the year-ago period, mainly due to a higher trade deficit caused by a decline in exports to the US, according to RBI data released on Monday...

Mumbai, March 2 India's current account deficit (CAD) increased to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter, compared to USD 11.3 billion (1.1 per cent of GDP) in the previous year, mainly due to a larger trade deficit, according to data released by the Reserve Bank of...

Rising tensions in the Middle East, following attacks by the US and Israel on Iran, are expected to disrupt trade flows, increase freight and insurance costs, delay cargo shipments, and drive up global oil prices, thereby increasing India's import bill, according to experts.While India's trade...

New Delhi, February 25 India's measures to promote manufacturing in the automobile and renewable energy sectors are fully compliant with World Trade Organization (WTO) norms, and the country will strongly defend them at the WTO's dispute settlement panel meetings, an official said.Following a...

New Delhi, February 24 The World Trade Organization's dispute settlement body has set up a panel in a case filed by China against India over its measures in the automotive and renewable energy sectors, an official said on Tuesday.The panel was set up as both sides failed to resolve the issue...

New Delhi, February 24 The government clarified on Tuesday that the reduced rates and value caps under the export support scheme, RoDTEP, are not applicable to the export of agricultural and processed food products.This development is significant, as the government halved the duty benefit...

New Delhi, February 23 The government on Monday halved the duty benefit rates under the export support scheme, RoDTEP, prompting the exporting community to seek a reconsideration of the decision.The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021, provides...

New Delhi, February 23 The government on Monday halved the rate of duty benefits under the export support scheme, RoDTEP, prompting the exporting community to seek a reconsideration of the decision.The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021...