Ministry of Commerce Current Affairs, GK & News

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. Overview: The core industries growth rate was 11.6 percent for the nine-month period between April and January. The eight-core sectors natural gas, coal, petroleum refinery products, crude ..

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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 trade remedies review committee have been proposed as part of the strategy. Overview: The Department of Commerce will have a setup that will be sensitive to the ..

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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 at a cost of Rs 1,700 crores. What is IFLDP? IFLDP will develop infrastructure for leather sector. It will facilitate additional investment. It will increase the production ..

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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 Brand India Campaign Campaign will be launched in the light that; India’s outbound shipments is set to cross $400 billion in fiscal year 2021-22. Brand India Campaign ..

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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 imports from countries such as China. The same recommendation has also been given by the Directorate General of Trade Remedies, the investigative arm of the Ministry of ..

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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 the Program The ACT or Active COVID-19 Team is a program launched collectively by the start-up community. The program was launched with the following objectives: Provision of ..

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