Wednesday, February 1, 2023

DGFT

Centre extends ban on sugar exports

The central government has extended the blanket ban on exports of sugar for one more year starting October 31, which several industry insiders are interpreting as an end to exports under open general license, but to be permitted only...

Stakeholders’ meet discusses potential export products

District Level Export Promotion Committee, Dimapur, under the aegis of Directorate General of Foreign Trade (DGFT) organised a district level stakeholders consultation meeting in the conference hall of the deputy commissioner (DC), here, on Wednesday.The meeting was held with...

Trade invoicing, payment, settlement of trade can be done in Rupee: DGFT

The Union Commerce ministry on Friday allowed invoicing, payment, and settlement of exports and imports in the Indian rupee, a move aimed at facilitating trade in the domestic currency.In July, the Reserve Bank of India (RBI) had asked banks...

India bans export of broken rice

The government has banned export of broken rice to check rising retail prices and boost domestic supply after a fall in sowing area is projected to lower the country’s production by 10-12 million tonne this kharif season.A 20 per...

Commerce ministry looking to release new FTP before Sep: Official

The commerce ministry is working to release the new five-year foreign trade policy (FTP) before September this year and Districts as Export Hubs scheme would be part of that document, which aims at promoting exports and job creation, an...