Page-2 of Ministry of Commerce Current Affairs, GK & News

Strategy Paper of Ministry of Commerce to bridge Trade Deficit with China

The Strategy Paper of the Ministry of Commerce has outlined measures to bridge the trade deficit with China. India’s Trade Deficit with China Over the last decade, India’s trade deficit with China had increased rapidly. But the deficit narrowed in fiscal 2019 since exports to China increased by 25.6 per cent and the imports declined ..

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India finds OECD’s STR Index faulty

India has found problems with the current methodology adopted by the Organisation for Economic Cooperation and Development (OECD) under its Services Trade Restrictiveness Index (STRI) to rank countries. Key Highlights About: A study commissioned by Indian Ministry of Commerce found that OECD index, the STRI has a several problems associated with it, which also includes ..

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The newly-named Department for Promotion of Industry and Internal Trade to work under Ministry of Commerce and Industry

The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade with a mandate to deal with matters related to start-ups, facilitating ease of doing business among others. The move comes amidst demand by traders’ body CAIT (Confederation of All India Traders) for forming a ..

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Govt extends ban on import of milk products from China for 4 months

India which is the largest producer and consumer of milk has extended the ban on import of milk products from China for 4 months. The ban would continue till 23rd April 2019 as per the notification issued by the Ministry of Commerce. The Directorate General of Foreign Trade (DGFT), an arm of the commerce ministry ..

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Growth rate of 8 infrastructure sectors slows down to 4.8% in October 2018

According to index of eight core industries released by Ministry of Commerce and Industry, growth rate of eight infrastructure sectors slowed down to 4.8 per cent in October 2018. This was mainly due to contraction in production of crude oil, natural gas and fertilizer. It had recorded growth rate of 5% in October 2017. During ..

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