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Government extends foreign trade policy till September 30

New Delhi, Apr 1 (PTI) The government has further extended the existing Foreign Trade Policy (FTP) till September 30 this year, according to a commerce ministry notification. FTP provides guidelines for enhancing exports to push economic growth and create jobs.On March 31, 2020, the government had extended the Foreign Trade Policy 2015-20 for one year [...]

CNG price hiked by 80 paise, PNG by Rs 5

New Delhi, Apr 1 (PTI) CNG price in the national capital on Friday was hiked by 80 paise per kg, while piped cooking gas rates were increased by a steep Rs 5 per cubic metre on the back of the government raising input natural gas prices to record levels. CNG price in the National Capital [...]

RBI fixes WMA limit for states at Rs 47,010 cr

Mumbai, Apr 1 (PTI) In view of improvement in the pandemic situation, the Reserve Bank on Friday decided to reduce the Ways and Means Advances (WMA) for states and Union Territories to Rs 47,010 crore from Rs 51,560 crore. WMA are temporary advances given by the RBI to the government to tide over any mismatch [...]

Ambassador of Dominican Republic visits Infopark as part of Kerala tour

Kochi, Apr 1 (PTI) Ambassador of the Dominican Republic to India, David Puig, on Friday visited the Infopark here as part of his Kerala tour to learn more about the educational and technological advancements in the state. During his visit, Puig interacted with John M Thomas, the CEO of Kerala State IT Parks, and representatives [...]

FMFL & wine to become cheaper in Odisha as govt reduces excise duty

Bhubaneswar, Apr 1 (PTI) Foreign Made Foreign Liquor (FMFL) and Wine will become cheaper in Odisha as the state government has reduced excise duty on these products in its new Excise Policy for the year 2022-23. In order to reduce disparity in MRP with neighbouring states and also to promote high quality FMFL and low [...]

India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access

New Delhi, Apr 1 (PTI) Indian exporters from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately after the interim trade agreement between the two countries comes into force, according to government sources. The economic cooperation and trade agreement will be signed by [...]

Ukraine crisis: Trade to Russia, CIS nations impacted, says govt

New Delhi, Apr 1 (PTI) Trade to Russia and the Commonwealth of Independent States (CIS) countries has been affected due to the Ukraine crisis and shipping lines are not accepting goods for Russian ports, Parliament was informed on Friday. In a written reply in the Lok Sabha, Union Minister for Ports, Shipping and Waterways Sarbananda [...]