De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Dec 06, 2024, at 11:30 pm
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
India signs FTA with European Free Trade Association with investment commitment of $100 billion
Mar 11, 2024, at 02:34 am
New Delhi: India and the European Free Trade Association (EFTA) on Sunday signed a Trade and Economic Partnership Agreement (TEPA).
RBI, Bank Indonesia sign MoU to promote local currencies for bilateral transactions
Mar 08, 2024, at 01:17 am
New Delhi: The Reserve Bank of India (RBI) and the Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies for cross-border transactions.
India's November merchandise deficit narrows by 2.84% YoY to $20.58 billion
Dec 16, 2023, at 03:09 am
New Delhi: After reaching a record high in October, India's merchandise trade deficit contracted to $20.58 billion in November 2023, primarily due to a substantial decline in gold imports, as reported by the commerce ministry on December 15.
Dec 09, 2023, at 08:32 am
New Delhi: India and South Korea launched the India-Korea Electronic Origin Data Exchange System (EODES) aimed at facilitating the smooth implementation of the India-Korea Comprehensive Economic Partnership Agreement (CEPA), the Ministry of Finance said in a statement.
Walmart increases imports from India to benefit from cheaper imports
Nov 30, 2023, at 04:25 am
Bengaluru: Walmart is increasing its import of goods to the United States from India and decreasing its dependence on China in an effort to reduce expenses and broaden its supply chain, Reuters reported.
Commerce and Industry Minister Piyush Goyal to visit US from Nov 13-16 for IPEF ministerial meet
Nov 11, 2023, at 07:10 am
New Delhi: Commerce and Industry Minister Piyush Goyal is scheduled to visit San Francisco from November 13-16 to take part in the ministerial meeting of the Indo-Pacific Economic Framework (IPEF).
After a pause of 4 yrs, India, Sri Lanka resume ETCA negotiations
Nov 02, 2023, at 04:56 am
Colombo: India and Sri Lanka held the 12th round of negotiations on the Economic and Technology Cooperation Agreement (ETCA) in Colombo from October 30 to November 1.
West Bengal CM Mamata Banerjee meets UAE Minister of State for Foreign Trade
Sep 23, 2023, at 02:42 am
Kolkata: West Bengal Chief Minister Mamata Banerjee on Friday met Dr Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade.
1st round table joint meeting between India and New Zealand held
Jun 09, 2023, at 04:14 am
New Delhi: The first round table joint meeting between India and New Zealand with the industry and industry associations of both countries took place today in New Delhi.
India intensifies efforts to reduce trade deficit with Russia; focuses on exports
May 12, 2023, at 02:51 am
New Delhi: The Union Commerce Ministry has intervened to address the increasing trade deficit between India and Russia, media reports said.
Apr 15, 2023, at 01:27 am
New Delhi: India and Spain are looking forward to considerable progress in the ongoing India-EU FTA negotiations during the upcoming Spanish Presidency of the EU from July to December 2023.
India presents huge delta of opportunities: Piyush Goyal at India-France Business Summit
Apr 13, 2023, at 06:23 am
Paris: There is a huge delta of opportunities in India, Union Commerce and Industry Minister Piyush Goyal said on Tuesday during his address at the India – France Business Summit and CEOs Roundtable in Paris, France.
Apr 13, 2023, at 05:05 am
Paris: Union Commerce & Industry Minister Piyush Goyal met French Foreign Trade Minister Olivier Becht on Tuesday in Paris, the capital of France.
Centre allows international trade settlements in Indian Rupees
Nov 10, 2022, at 05:12 am
New Delhi: The government has amended the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees for invoicing, payment, and settlement of exports/imports, the Ministry of Finance said Wednesday.