Wednesday, June 18, 2025

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Import

Modi government bans import of readymade garment, processed food, cotton, plastic items and wooden furniture through land ports from Bangladesh

The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, has issued a notification imposing port restrictions on the import of certain goods such as Readymade garments, processed food items etc., from Bangladesh to India.

US announces reciprocal tariffs against India, China to be effective from April 2

Justifying reciprocal tariffs, the US President said that other countries have been unfairly taxing the US and therefore now it is the turn of the US to tax them.

Donald Trump terms Elon Musk’s decision to set up Tesla car manufacturing unit in India as ‘unfair’ to the US

Tesla has identified two locations in New Delhi and Mumbai for setting up car manufacturing units in India. The company has also advertised 13 mid-level job posts.

India’s trade deficit likely to come down by over USD 1 billion from USD 21.94 billion in December, says Union Bank of India report

India's merchandise trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India.

Bangladesh to buy 200,000 tonnes of rice from India with plan of additional 100,000 tonnes, first consignment of 27,000 tonnes reaches Chittagong port

Bangladesh interim government has started importing rice from India. The first consignment of 27,000 tonnes of rice has arrived through Chittagong port

“We should stop buying German equipment”: Piyush Goyal confronts German Vice Chancellor over China blocking sale of German tunnel boring machines to India

Union Commerce and Industry minister Piyush Goyal on Saturday confronted German Vice Chancellor Robert Habeck over China blocking sell of German Tunnel Borring Machines to India.

India becomes atmanirbhar in the toy industry, imports from China reduces by over 70% in recent years

As part of the Local for Vocal initiative, India is making a strong course correction in the toy manufacturing ecosystem.

Modi govt planning to slash import duty of electric vehicles to 15% from 100% after Tesla proposal committing manufacturing in India, says report

A Reuters report says that Indian govt will cut import duty of electric cars to 15% if the companies commit to manufacturing in India

Social media users claim Modi govt restricted personal computer imports to benefit JioBook, the fact is it will be worst affected product: Details

Will restriction on import of personal computers benefit Reliance's Jio Book? A fact check

Government of India refutes media reports claiming India planning to import wheat, says the country has sufficient stock

The Department of Food and Public Distribution clarified that there is no plan to import wheat as there is sufficient stock in India.

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