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India updates merchandise trade indices base year to FY23; new series may alter real export growth readings

New Delhi, Feb. 20 -- The ministry of commerce and industry has overhauled its merchandise trade indices, shifting the base year to FY2022-23 from FY2012-13. The move aims to revamp the tracking of pr... Read More


Core sector growth eases to 4% in January on lower oil and gas output

New Delhi, Feb. 20 -- India's core infrastructure sector grew 4% year-on-year in January, slowing from the revised 4.7% expansion recorded in December, as weakness in crude oil and natural gas capped ... Read More


PLI scheme draws Rs.2.16 trillion investment, drives Rs.20.41 trillion in sales across 14 sectors

NEW DELHI, Feb. 20 -- The Centre on Friday said the Production Linked Incentive (PLI) scheme, with a total outlay of Rs.1.91 trillion, has attracted cumulative investment of more than Rs.2.16 trillion... Read More


Centre launches 7 new EPM interventions to push MSME exports

New Delhi, Feb. 20 -- The Centre on Friday launched seven additional interventions under its Export Promotion Mission (EPM), sharpening its focus on boosting micro, small and medium enterprise (MSME) ... Read More


CCPA widens crackdown, issues notices over online sale of drone and GPS jammers

NEW DELHI, Feb. 20 -- After acting against e-commerce platforms over the sale of walkie-talkies, the Central Consumer Protection Authority (CCPA) has now cracked down on the online listing of anti-dro... Read More


Signing of India-US interim trade deal very soon: US envoy

NEW DELHI, Feb. 20 -- The proposed India-US interim trade framework is set to be signed "very soon", US ambassador Sergio Gor said on Friday, as negotiators from both sides work to finalize the contou... Read More


E-commerce firms drive 70% of refunds via consumer helpline

New Delhi, Feb. 18 -- E-commerce companies have emerged as the largest contributors to consumer refund disputes, accounting for over Rs.36 crore or nearly 70% of the Rs.52 crore of refunds facilitated... Read More


One-time relief for goods shipped before QCO curbs

New Delhi, Feb. 18 -- The government has granted a conditional exemption from mandatory Bureau of Indian Standards (BIS) compliance for select imported goods shipped before the implementation of vario... Read More


E-commerce firms drive 70% of Rs.52 crore consumer refunds via national helpline over nine months

New Delhi, Feb. 17 -- E-commerce companies have emerged as the largest contributors to consumer refund disputes, accounting for over Rs.36 crore or nearly 70% of the Rs.52 crore of refunds facilitated... Read More


India's trade deficit jumps in Jan as imports surge

India, Feb. 17 -- New Delhi: India's merchandise trade deficit widened sharply in January following a surge in imports, even as demand for Indian goods in the US remained resilient despite steep 50% t... Read More