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#newsoftheday: Centre Restricts Import of Moong Beans

Trade wants Govt to reconsider its decision, re-establish free import policy

The Central Govt has amended the import policy for moong beans, by moving it from ‘FREE’ to ‘restricted’ category with immediate effect.

 Notification issued by the Department of Commerce,

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#newsoftheday: Indian Mango Exports to US Could Top Past Shipments

As per the Commerce & Industry Ministry, India’s export of mangoes to the US, which is set to resume after a gap of two years following a joint protocol on irradiation of the fruit, is likely to surpass exports worth $ 4.7 million in 2019-20,

Indian mangoes to the US in the new season and exports will start with the Alphonso variety of mangoes from March onwards. A press statement released by the Commerce & Industry Ministry, India in last week. India will also export Pomegranates, while decks have been cleared for import of Cherries, Alfalfa hay and Pork from the US.

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#newsoftheday: Import Duty on Refined Palm Oil Cut

The Centre has slashed the basic customs duty (BCD) on refined palm oil to 12.5 per cent from 17.5 per cent until till March next year and also allowed continuation of import without any quantitative restrictions until December 31, 2022.

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#newsoftheday: ICICI Bank launches online platform to help Indian exporters

ICICI Bank has broadcasted the launch of an online platform, Trade Emerge, to offer digital banking and value-added services to exporters and importers across India. This is aimed to make cross border trade hassle-free and suitable, as it abolishes the need for companies to coordinate with numerous touchpoints.

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#newsoftheday: Exports rise for 12th month up 26.49% in November, Trade Gap at All Time High

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#newsoftheday: Exports rise for 12th month up 26.49% in November, Trade Gap at All Time High

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