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 the Ministry of Commerce. Import bill has been increased or decreased in ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
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 the national single window system (NSWS) to receive different clearances and approvals ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs
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 ..
Month: Current Affairs - March, 2022
Category: India Nation & States Current Affairs
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. ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
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 ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
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 ..
Month: Current Affairs - January, 2022
Category: Important Days & Events Current Affairs
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 ..
Month: Current Affairs - July, 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 the Program The ACT or Active COVID-19 Team is a program launched ..