The Confederation of All India Traders ( CAIT) on Friday wrote a letter to Union Commerce Minister Piyush Goel expressing deep concern over the inordinate delay in rolling out of ecommerce policy and rules under the Consumer Protection Act. it asserted that the delay has given the blanket opportunity to foreign ecommerce companies Amazon & […]
The Confederation of All India Traders (CAIT) on Friday has said that the current festival season in India is expected to generate Rs 3 lakh crore business. Last year, the sale of festive shopping was about Rs 2.50 lakh crore. BC Bhartia, National President and Praveen Khandelwal, Secretary General, CAIT in a joint statement said, […]
India’s trade data for September 2023, released by the Commerce Ministry, reveals a decline in exports by 2.6 per cent, which amounted to USD 34.5 billion compared to USD 35.4 billion in September 2022. “UK delegation will be in India for FTA negotiation. High-level engagements at various levels are ongoing to iron out differences. The […]
The gem and jewellery trade between India and the UAE has witnessed substantial growth, particularly after the implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), with approximately 30% of the total gems and jewellery imported by the emirate sourced from India, as reported by the Gem and Jewellery Export Promotion Council (GJEPC). The UAE […]
The Bank of Baroda in a report has said that India’s growth story is expected to maintain its resilience led by festival demand. This is expected to pump up growth in this quarter. Inflationary concerns ebbed slightly as major price data showed signs of respite with vegetable prices correcting in September 2023, as well as […]
In a conversation with entrepreneurs on Wednesday, Chief Minister Yogi Adityanath underscored the importance of small-scale industries and said that they are the backbone of the economy. He highlighted that employment generation and economic self-reliance of families are possible only through small-scale industries. He also assured the entrepreneurs that those who violate the law in […]
Despite rising raw material costs, increase in the prices of petrol and diesel are improbable, due to the forthcoming general elections, according to Moody’s Investors Service. The price of petrol and diesel has been frozen for a record-breaking 18 months thanks to three state-owned gasoline retailers: Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and […]
In the initial four months of the financial year, 2023-24 (April-July), India reported smartphone exports worth USD 4.67 billion, highlighting the United States emerging as the principal destination for India-manufactured devices, with exports skyrocketing to USD 1.67 billion during this period. According to the commerce ministry data, It is an increase from the USD 284.6 […]
The domestic direct-to-consumer (D2C) market is forecasted to experience a Compound Annual Growth Rate (CAGR) of 40%, reaching a Gross Merchandise Value (GMV) of USD 35 billion by 2027, according to a report by Redseer Strategy Consultants released on Friday. Third-party logistics providers (3PLs) are identified as significant beneficiaries of this growth. By 2027, the […]
Finance Secretary T V Somanathan said that the retail inflation in India is expected to ease by December, attributing it to more favorable seasonal factors, the news agency Reuters reported. Despite staying above the upper limit of the central bank’s 2-6 per cent tolerance band for the second consecutive month in August, retail inflation has […]
