News for 'Department of Commerce'

Kangana wants to bring back repealed farm laws, Cong says...

Kangana wants to bring back repealed farm laws, Cong says...

Rediff.com24 Sep 2024

The Congress shared on X an undated video of Ranaut in which she is purportedly saying in Hindi, "Farm laws that have been repealed should be brought back. I think this may get controversial. The laws in farmers' interest be brought back. Farmers should themselves demand this (to bring farm laws back) so that there is no hindrance to their prosperity.

Smartphones Not Diamonds Drive India's Exports To US

Smartphones Not Diamonds Drive India's Exports To US

Rediff.com14 Oct 2024

In the June quarter of 2024-2025, smartphone exports hit $2 billion, well ahead of non-industrial diamond exports, which stood at $1.44 billion.

BSc Math Or BTech: Which Is Better?

BSc Math Or BTech: Which Is Better?

Rediff.com7 Aug 2024

Dr Dipankar Dutta will answer your questions related to preparing for a career in engineering or technology.

Money Courses To Help Earn Up To Rs 2 Cr

Money Courses To Help Earn Up To Rs 2 Cr

Rediff.com13 Sep 2024

Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.

Wholesale inflation falls to 3-month low of 2.04% in July

Wholesale inflation falls to 3-month low of 2.04% in July

Rediff.com14 Aug 2024

Wholesale inflation fell to a 3-month low of 2.04 per cent in July on decline in prices of food items especially vegetables, government data released on Wednesday showed. The decline in wholesale price index (WPI) based inflation in July came after it rose for four months in a row till June, when it was 3.36 per cent. It was (-) 1.23 per cent in July last year. In April wholesale inflation stood at 1.19 per cent.

India, US sign key defence agreement

India, US sign key defence agreement

Rediff.com24 Aug 2024

The two countries also signed a 'Memorandum of Agreement regarding the Assignment of Liaison Officers', which will facilitate the posting of one military officer from each country with the military of the other.

US tariffs risk Chinese goods flooding India

US tariffs risk Chinese goods flooding India

Rediff.com4 Oct 2024

India stares at the risk of an influx of Chinese products as US tariffs on a range of Chinese goods, including solar panels, electric vehicles, lithium-ion batteries, syringes, and steel, are set to take effect from September 27. With higher tariffs reducing China's access to the US market, there is concern that China may divert its exports to other markets, including India, which could lead to potential dumping of goods. This situation could challenge Indian industries, particularly in sectors where competition with Chinese products is already fierce.

81% consumers back e-commerce rules, want clarity on services-based biz

81% consumers back e-commerce rules, want clarity on services-based biz

Rediff.com5 Jul 2021

As many as 81 per cent people support having rules for consumer e-commerce, but want more services-based platforms to have more clearly defined roles, a survey by community social media platform LocalCircles has found. The survey asked respondents to answer questions based on the recent draft Rules proposed by the ministry of consumer affairs. The responses found 81 per cent consumers wanting sales of products and services over electronic or digital networks to be governed by a set of electronic commerce rules.

Basmati rice exports rose 22% till February FY24 on West Asia demand

Basmati rice exports rose 22% till February FY24 on West Asia demand

Rediff.com28 Apr 2024

Exports of high-quality basmati rice from India grew by 22 per cent to $5.2 billion during April 2023-February 2024, amid robust demand, primarily from West Asia. According to data compiled by the commerce department, exports of basmati rice increased to 4.68 million metric tonnes (MMT) in April-February, from 4.1 MMT during the same period a year ago, registering a growth of 14 per cent.

India, China complete disengagement; exchange of sweets on Diwali

India, China complete disengagement; exchange of sweets on Diwali

Rediff.com30 Oct 2024

Following the disengagement, both sides will soon start the coordinated patrolling in their respective areas, sources added.

Centre to induct more private sector specialists in govt departments

Centre to induct more private sector specialists in govt departments

Rediff.com5 Feb 2021

Candidates will be short-listed for interview on the basis of the information provided by them in their online application, the statement said.

Jitin Prasada, BJP's Brahmin face in UP, returns to Centre

Jitin Prasada, BJP's Brahmin face in UP, returns to Centre

Rediff.com10 Jun 2024

Jitin Prasada was once considered as among Rahul Gandhi's 'young Turks' and was a minister in successive Manmohan Singh governments but defected from the Congress to the BJP in 2021, where he has again established himself as a prominent Brahmin face of Uttar Pradesh.

100-day plan: Govt platform for exporters to boost trade

100-day plan: Govt platform for exporters to boost trade

Rediff.com21 Jun 2024

The commerce department has reaffirmed its plans to launch the 'Trade Connect' e-platform to help exporters connect with stakeholders of international trade, as a part of the new government's 100-day action plan, a senior government official said.

E-commerce policy may miss 2019 deadline

E-commerce policy may miss 2019 deadline

Rediff.com10 Oct 2019

The proposed policy is increasingly becoming an item of negotiation, as the US pushes hard to change India's stance.

PMO Monitoring Red Sea Crisis

PMO Monitoring Red Sea Crisis

Rediff.com16 Feb 2024

Any government support or incentive to help exporters deal with high freight and insurance costs is unlikely.

A yr of Israel-Hamas war: Trade with W Asia holds steady

A yr of Israel-Hamas war: Trade with W Asia holds steady

Rediff.com14 Oct 2024

A year after a Hamas attack against Israel on October 7 and the ensuing Israeli invasion of the Gaza Strip, India's trade with most West Asian countries has largely escaped any major disruption, except with countries like Israel, Lebanon, and Jordan. However, repeated flare-ups of geopolitical tensions in the region continue to drive up shipping and logistics costs.

Where You Can Watch Bad Newz

Where You Can Watch Bad Newz

Rediff.com13 Sep 2024

Sukanya Verma gives you some interesting options to choose from.

Pawan Kalyan to be Andhra dy CM; Naidu's son gets IT

Pawan Kalyan to be Andhra dy CM; Naidu's son gets IT

Rediff.com15 Jun 2024

The actor-turned-politician has been allotted Panchayat Raj and Rural Development, Environment, Forests, and Science and Technology portfolios.

The chink in the e-commerce draft

The chink in the e-commerce draft

Rediff.com25 Feb 2019

While the new norms are part of the draft policy's guidelines to fight counterfeit and fake products on platforms, they might end up helping brands and e-commerce firms sign exclusive sale deals.

Customs duty cut on silver likely to give Centre breather for now

Customs duty cut on silver likely to give Centre breather for now

Rediff.com7 Aug 2024

The steep cut in Customs duty on silver in the FY25 Budget to 6 per cent from 15 per cent may provide the government temporary relief by checking the spurt in silver imports from the United Arab Emirates (UAE) under the Comprehensive Economic Partnership Agreement (CEPA). In FY24, silver imports from the UAE jumped to $1.7 billion from only $11.18 million in FY23, according to commerce department data. In May, about 87 per cent of India's silver imports came from Dubai.

Who Will Be The Next SBI Chief?

Who Will Be The Next SBI Chief?

Rediff.com14 May 2024

'The FSIB will conduct interviews for the SBI chairman position on May 21-22 as the tenure of the current chairman Dinesh Kumar Khara is scheduled to end by August.'

Meet Nirmalaji's Core Budget Team

Meet Nirmalaji's Core Budget Team

Rediff.com23 Jul 2024

The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.

E-commerce rules to get stricter; flash sales may soon be history

E-commerce rules to get stricter; flash sales may soon be history

Rediff.com21 Jun 2021

The Centre on Monday proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 and sought public comments on banning mis-selling and fraudulent flash sale of goods and services on e-commerce platforms, and also on making registration of these entities mandatory with DPIIT. Ban on misleading users by manipulating search results, appointment of chief compliance officer and resident grievance officer are some of the other amendments being proposed. The Consumer Protection (E-Commerce) Rules, 2020 were first notified in July last year.

ONDC likely to start levying small user charges on each transaction

ONDC likely to start levying small user charges on each transaction

Rediff.com2 Jul 2024

The government-backed Open Network for Digital Commerce (ONDC) is likely to start levying user charges in the current financial year.

Chhattisgarh liquor scam: ED attaches assets of accused worth Rs 205 cr

Chhattisgarh liquor scam: ED attaches assets of accused worth Rs 205 cr

Rediff.com3 May 2024

The attached properties include 14 assets of Tuteja worth Rs 15.82 crore, 115 properties of Anwar Dhebar, the elder brother of Raipur Mayor and Congress leader Aijaz Dhebar, worth Rs 116.16 crore, properties of Vikash Agarwal alias Subbu worth Rs 1.54 crore and 33 properties of Arvind Singh worth Rs 12.99 crore, it said in a statement.

Govt may hike local content requirement

Govt may hike local content requirement

Rediff.com20 May 2024

The government is planning to tweak its procurement policy to give a fillip to domestic manufacturing. The industry department has floated a proposal to raise the minimum local content requirement for public procurement for Class-I and -II suppliers from 50 per cent currently to 70 per cent, and 20 per cent as of now to 50 per cent, respectively.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

Dhankar terms coaching centre culture as gas chamber

Dhankar terms coaching centre culture as gas chamber

Rediff.com29 Jul 2024

He also pointed out the high sums earned by the coaching centres leading to the commercialisation of education.

Traders step up demand for e-commerce policy

Traders step up demand for e-commerce policy

Rediff.com18 Dec 2018

Retailers claim online firms' predatory pricing strategy disrupting business

Centre to revise SEZ Act, limiting tax sops and enhancing integration

Centre to revise SEZ Act, limiting tax sops and enhancing integration

Rediff.com16 Nov 2023

The Centre is unlikely to offer new direct tax incentives for units operating in special economic zones (SEZs) and may instead allow the grandfathering of previous exemptions that such units were entitled to, according to proposed amendments to the SEZ Act, 2005, people aware of the matter said. The amendments, proposed by the commerce department, will soon be considered by the Cabinet for approval. This represents a departure from the department's earlier plan to introduce these changes through the Development Enterprises and Services Hubs (DESH) Bill, 2023, which faced strong criticism from the ministry of finance.

19 major commodities see export volume growth, but value declines

19 major commodities see export volume growth, but value declines

Rediff.com9 May 2024

Exports of 19 major commodities, including petroleum products, coal and marine items, saw growth in terms of volume during April 2023-February 2024, even as they witnessed contraction in value terms during the same period. Government officials said the rise in export volume despite a decline in value implies that these commodities show a stronger market demand.

Full list: Modi's New Ministers And Their Portfolios

Full list: Modi's New Ministers And Their Portfolios

Rediff.com10 Jun 2024

Here is the complete list of ministers in Modi 3.0 and their portfolios:

Why Are Bengaluru IT Workers Protesting?

Why Are Bengaluru IT Workers Protesting?

Rediff.com5 Aug 2024

'The overwhelming evidence from various studies and reports indicates that the current work culture in the IT sector, characterised by excessive hours, has severe consequences for health, productivity, and overall quality of life.'

Smartphones, India's 4th Largest Exports!

Smartphones, India's 4th Largest Exports!

Rediff.com23 May 2024

Smartphones have been a key success story of the government's production-linked incentive scheme, helping India become the second-largest mobile phone manufacturing country, after China.

How Modi plans to tackle spiralling trade deficit with Russia

How Modi plans to tackle spiralling trade deficit with Russia

Rediff.com8 Jul 2024

India's trade deficit with Russia continued to widen for the second consecutive year to $57 billion in the financial year 2023-24 (FY24), with Moscow becoming New Delhi's largest source of crude oil imports. All eyes will now be on Prime Minister Narendra Modi's visit to Russia during July 8-9, where he is set to meet President Vladimir Putin. This will be Modi's first visit to the Kremlin since the Russia-Ukraine conflict began over two years ago.

Sitharaman to ensure 'Ease of Living' during Modi 3.0

Sitharaman to ensure 'Ease of Living' during Modi 3.0

Rediff.com12 Jun 2024

Nirmala Sitharaman on Wednesday assumed charge as the Finance and Corporate Affairs Minister for the second consecutive term and is slated to soon present the final Budget for FY '25 that is going to set the tone for the Modi 3.0 government's priorities and direction for Viksit Bharat. Upon her reaching the North Block office, Sitharaman was greeted by Finance Secretary T V Somanathan and other top officials. Minister of State for Finance Pankaj Chaudhary was also present. Chaudhary assumed charge on Tuesday evening.

Why e-commerce policy may not take shape this year

Why e-commerce policy may not take shape this year

Rediff.com26 Sep 2018

The final policy may be out only after formation of the new government, according to sources

Govt may tweak FDI clause in draft e-commerce policy

Govt may tweak FDI clause in draft e-commerce policy

Rediff.com29 Aug 2018

The draft favoured up to 49 per cent foreign equity in inventory model in the case of 100 per cent made in India products sold through Indian management-controlled platforms with resident Indian founders/promoters.

Siddaramaiah Goes Backfoot On Local Quota Bill

Siddaramaiah Goes Backfoot On Local Quota Bill

Rediff.com18 Jul 2024

Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.

ED arrests ex-IAS officer in Rs 2000-cr Chhattisgarh liquor 'scam' case

ED arrests ex-IAS officer in Rs 2000-cr Chhattisgarh liquor 'scam' case

Rediff.com21 Apr 2024

The IAS officer was later taken into custody under the provisions of the Prevention of Money Laundering Act and is expected to be produced before a magistrate seeking his remand, the sources said.