Tag: foreign trade

Government lifts ban on wheat exports, cites farmers’ interests amid depressed local prices

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Government lifts ban on wheat exports, cites farmers’ interests amid depressed local prices

India, the world’s second-largest wheat producer, had banned wheat exports in May 2022 as part of measures to control rising domestic prices. File. | Photo Credit: PTI The government on Monday (August 24, 2026) lifted the export ban on wheat and wheat products with immediate effect and said the decision is aimed at boosting farmers’…

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Goods exports dipped 2.6% in September, but a $4 billion upgrade to August tally lifts outlook

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Goods exports dipped 2.6% in September, but a billion upgrade to August tally lifts outlook

Goods exports dipped 2.6% from last September to hit a three-month low of $34.47 billion. File image for representation. | Photo Credit: C.V. Subrahmanyam Even though goods exports declined for the seventh time in eight months in September, India’s weak foreign trade performance so far this year appeared to be turning around as per data…

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GST Council lifts tax blockages for rupee trade 

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GST Council lifts tax blockages for rupee trade 

Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Amid the sustained slump in India’s exports, the Goods and Services Tax (GST) Council has cleared a few measures to boost foreign trade, including enabling tax credits for services exporters receiving payments in rupees, critical for trade with countries like Iran and Russia that face global…

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