Trade
India makes rupee payments for gold and crude imports from the UAE
16 Aug 2023
India and the United Arab Emirates have initiated bilateral trade using their respective local currencies. The first of such transactions was the sale of 25 kg gold by a UAE bullion exporter to an Indian buyer. The deal was worth about Rs.128.4 million ($1.54 million).
India allows export of drones for civilian use
01 Jul 2023
New foreign trade policy aims at $2 trillion exports by 2030: Piyush Goyal
04 Apr 2023
FTP 2023 is a dynamic and open ended policy that accommodates emerging needs, facilitates ease of doing exports through process re-engineering and e-commerce, in collaboration with states and districts, while also allowing exporters to close old pending authorisations through a one-time amnesty scheme and start afresh
US using Indian refiners for record purchase of gasoline and diesel of Russian origin: report
06 Feb 2023
MFL signs 3-year pact with Dubai’s Agrifields to procure 30,000 tonnes phosphoric acid annually
06 Oct 2022
Indo-Pacific Economic Forum to secure region for business
13 Sep 2022
India will not be part of the ‘trade pillar’ of the 14-member economic forum while remaining an active participant in the other three IPEF initiatives
India’s merchandise trade deficit hits $70.25 billion in Q1
06 Jul 2022
The country imported goods valued at $63.58 billion in June alone against exports valued at $37.94 billion during the month
India’s exports hit a record $37.3 bn in May
06 Jun 2022
However, merchandise trade deficit of the country zoomed to $23.32 billion for May 2022 and to $43.81 billion for the first two months of the fiscal (April-May 2022-23)
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