Current Affairs

GK MCQs Section

Topic: Ministry of Commerce

EXIM Data: Trade Deficit narrows by 10 billion USD

The Government of India recently revised its import bill. With this revision, the country’s foreign trade between April 2022 and November 2022 differs from the estimates made by...

January 23, 2023

PAN Number to be Unique Identifier for Business to Access NSWS Clearance

Union Minister of Commerce Piyush Goyal recently announced the Central Government is mulling allowing businesses to use their permanent account number (PAN) as a unique identifier for accessing...

December 6, 2022

Index of Eight Core Industries

In January 2022, compared to the same time period last year, the growth rate of eight core industries stood at 3.7 percent. The Ministry of Commerce announced this....

March 1, 2022

Revamp of Commerce Department

The government plans to reorganize the commerce department so that it can implement a more organized trade promotion strategy with clear targets. A dedicated trade promotion organization and a...

February 21, 2022

Continuation of Indian Footwear and Leather Development Programme

The Ministry of Commerce recently announced that the Indian Footwear and Leather Development Programme (IFLDP) is to continue from 2021-22 till 2026. The programme is to be implemented...

February 8, 2022

Brand India Campaign

Commerce Ministry of India is planning to launch “Brand India Campaign” in order to give momentum to exports of services as well as products in new markets. About...

January 5, 2022

Govt. imposes safeguard duty on solar cells for one more year till July 2021

The government has imposed the safeguard duty of solar cells for one more year till July 2021 with the aim to protect the domestic manufacturers and discourage cheap...

July 30, 2020

ACT program launched by the start-up community

The start-ups in India have collectively launched the ACT (Action COVID-19 Team) project with 100 crore INR grants to speed up initiatives to fight the COVID-19 pandemic. About...

April 3, 2020

GeM portal finished transactions worth Rs.40,000 crore

The national online platform for public procurement, Government e-Marketplace (GeM) was launched by the Union Commerce Ministry in 2016. It is an open and transparent procurement platform for...

February 11, 2020

Growth of eight core sectors slows to 2.1% in July 2019

According to official data released by Government, Growth of eight core industries (Index of Eight Core Industries) dropped to 2.1% in July 2019. It was mainly due to...

September 3, 2019

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