trade

The Goods and Services Tax (GST) Council may go in for another round of rate changes to correct the remaining instances of inverted duty, apart from withdrawing some more exemptions. A group of ministers (GoM) headed by Karnataka chief…

India and the UK aim to conclude the free trade agreement by the end of October this year, commerce and industry ministry said in a statement on Thursday, adding that the two countries concluded the fifth round of talks for the agreement…

The commerce ministry's arm DGTR has recommended imposition of anti-dumping duty on imports of a kind of cutting tool from China, for five years, to protect the domestic industry from cheap inbound shipments. The Directorate General of…

India is working towards unlocking trade potential with Central Asia through the Chabahar Port in Iran according to Shipping Minister Sarbananda Sonowal. He was interacting with a high-level diplomatic delegation from Central Asian…

Workers demand unpaid wages in Rieti, Italy, in April 2022.SynopsisEurope is staring at a lost decade. While the Russia-Ukraine war has resulted in higher food and fuel prices, the delay in labour-market reforms is hampering job…

Workers work on a speaker production line at Luyang Electronics Co., LTD in Linquan County, Fuyang city, East China's Anhui province, June 30, 2022. SynopsisCovid policy disruptions have added to China’s pressures from rising labour…

Meghalaya High Court has directed the state government to ascertain whether the license issued for mining of limestone as a minor mineral is being misused to export the mineral. The HC observed that a license for mining limestone as a…

India and European Union are committed to meeting ambitious timelines providing opportunities to businesses and people, said Union Commerce and Industry Minister Piyush Goyal on June 18. “It's natural that India and EU come together to…

Indian Union Minister for Commerce and Industry Piyush Goyal and United Kingdom Secretary of State for International Trade Anne-Marie Trevelyan attend the launch of the India-UK Free Trade Agreement talks.SynopsisIndia is probably the…

In economics, there is a concept of intra-industry trade, which is trading in similar items. For example, China exports Lenovo computers to Japan and in return imports Sony computers. When countries trade in similar technology-intensive…