Imports Current Affairs - 2019

Category Wise PDF Compilations available at This Link

India’s exports to China set to touch Record High

India’s export to China is expected to reach an all-time high in the financial year 2018-19. Increase in Exports The increase in the exports to China is attributed to US-China trade spat creating new opportunities for exporters and Beijing removing some trade barriers in its effort to check the growing bilateral trade imbalance. The growth Read More…

Month:  Categories: Business, Economy & BankingUPSC

Tags:

Government developing National Logistics Portal

Union Ministry of Commerce and Industry is developing National Logistics Portal is to ensure ease of trading in international and domestic markets. The portal will link all stakeholders of EXIM (export and import), domestic trade and movement and all trade activities on single platform. National Logistics Portal It will be implemented in phases and will Read More…

Month:  Categories: Government Schemes & Projects

Tags:

Government sets up task force on ways to reduce import

The Union Government constituted a high-level task force under Chairmanship of Cabinet Secretary PK Sinha to identify various items and policy interventions to reduce dependence on imports. It will suggest ways to cut import of those items which can be manufactured or explored in the country. The task force includes secretaries from Departments of Commerce, Read More…

Month:  Categories: Business, Economy & Banking

Tags:

India notifies higher tariffs on 29 items imported from US

India has notified higher tariffs on 29 items imported from United States (US). This is was in retaliation against US announcement imposing tariffs on steel and aluminium items — 25% and 10% respectively — imported from all countries except Canada and Mexico in March 2018 to compensate from loss of revenue. Key Facts The 29 Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Government hikes import duty on non-palm oils by 5-10%

The Central Board of Indirect Taxes and Customs (CBITC) under Finance Ministry has raised import duty by 5-10% on non-palm edible oils, both crude and refined ones, in order to protect interest of domestic oilseeds growers and processors. Key Facts Sunflower oil: The import duty on crude variant was increased from 25% to 35%, while Read More…

Month:  Categories: Business, Economy & Banking

Tags:

India-China trade hits record $84.4 billion in 2017

According to data of Chinese General Administration of Customs, India-China bilateral trade has reached $84.44 billion last year, a historic high with 18.63% year-on-year growth rate. This is regarded as historic landmark in bilateral relations of both countries, as volume of bilateral trade for first time has touched $80 billion, well above the $71.18 billion Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Government imposes anti-dumping duty on sodium nitrate imports from China

The Union Finance Ministry’s Revenue Department has imposed a five year anti-dumping duty on Sodium Nitrite imports from China. It was imposed based on recommendations of Directorate General of Antidumping and Allied Duties (DGAD). In its sunset review, the DGAD concluded that there is “continued dumping” of the ‘sodium nitrite’ from China and it is Read More…

Month:  Categories: Business, Economy & Banking

Tags: