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...
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...
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....
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...
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...
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...
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...
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...
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...
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...
Government to constitute working group for revision of Wholesale Price Index
Central Government has constituted Working Group for the revision of the current series of Wholesale Price Index (Base 2011-12). It will be chaired by Prof. Ramesh Chand, Member,...
