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The initiative is being spearheaded by the commerce and industry ministry, headed by Piyush Goyal.(PTI File Photo)

ONDC: All you need to know about govt initiative challenging Amazon, Flipkart

By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON AUG 14, 2021 12:21 PM IST
ONDC aims at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols independent of any specific platform. Union minister Piyush Goyal said that ONDC will create new opportunities and remove monopolistic environments.
Union minister of commerce and industry Piyush Goyal addressing the FICCI’s annual convention on Saturday.(@PiyushGoyal/Twitter screengrab)
Union minister of commerce and industry Piyush Goyal addressing the FICCI’s annual convention on Saturday.(@PiyushGoyal/Twitter screengrab)

Startups are going to be backbone of new India: Piyush Goyal

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Kanishka Sarkar
UPDATED ON DEC 12, 2020 05:31 PM IST
Piyush Goyal said that the government will identify areas where India has competitive and comparative advantages, which sectors can become global players and contribute to global trade in a bigger way.
A vendor sells China-made products at a stall on a roadside, in Kolkata.(PTI)
A vendor sells China-made products at a stall on a roadside, in Kolkata.(PTI)

How households in India bank on Chinese imports

Hindustan Times, New Delhi | By Vineet Sachdev
UPDATED ON SEP 21, 2020 11:37 AM IST
An analysis of imports of Chinese items shows that a complete boycott of Chinese everyday goods is easier said than done.
A health worker in PPE coveralls sanitizes her hands during coronavirus testing, at Aam Aadmi Mohalla Clinic in Tughlakabad, New Delhi.(Amal KS/HT Photo)
A health worker in PPE coveralls sanitizes her hands during coronavirus testing, at Aam Aadmi Mohalla Clinic in Tughlakabad, New Delhi.(Amal KS/HT Photo)

Ban on export of PPE coveralls, hydroxychloroquine, sanitizers lifted

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Kanishka Sarkar
UPDATED ON SEP 16, 2020 07:13 PM IST
Sanitizers too can now be exported except when in containers with dispenser pumps. The government has also lifted the ban imposed on the export of ventilators.
Workers weighing a sack onions during the nationwide lockdown.(Sanchit Khanna/HT PHOTO)
Workers weighing a sack onions during the nationwide lockdown.(Sanchit Khanna/HT PHOTO)

Govt bans export of onions with immediate effect

New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON SEP 14, 2020 09:32 PM IST
“The export of all varieties of onions... is prohibited with immediate effect,” the Directorate General of Foreign Trade (DGFT) said in a notification.
Inflation in food articles during July stood at 4.08 per cent, as against 2.04 per cent in June.(HT file photo)
Inflation in food articles during July stood at 4.08 per cent, as against 2.04 per cent in June.(HT file photo)

WPI inflation falls 0.58 per cent in July, even as food prices spike

New Delhi | By Press Trust of India| Posted by: Harshit Sabarwal
PUBLISHED ON AUG 14, 2020 01:29 PM IST
“The annual rate of inflation, based on monthly WPI (Wholesale Price Index), stood at (- 0.58 per cent) (provisional) for the month of July, 2020 as compared to 1.17 per cent during the corresponding month of the previous year,” the commerce and industry ministry said in a statement.
US President Donald Trump meets with Prime Minister Narendra Modi at the United Nations General Assembly in New York.(AP File Photo)
US President Donald Trump meets with Prime Minister Narendra Modi at the United Nations General Assembly in New York.(AP File Photo)

US agrees to discuss social security tax burden of Indians working in America

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON JUL 21, 2020 06:12 PM IST
Indian workers, particularly IT professionals, make huge social security contributions in the US social security scheme while they work in America, but most of them come back home before they are eligible to withdraw money from their social security contributions, leave their savings behind.
The annual wholesale price index fell in June, mainly because of a fall in fuel prices, from a year earlier, compared to 2.40% fall predicted by analysts in a Reuters poll.(Rahul Raut/HT file photo)
The annual wholesale price index fell in June, mainly because of a fall in fuel prices, from a year earlier, compared to 2.40% fall predicted by analysts in a Reuters poll.(Rahul Raut/HT file photo)

India wholesale prices contract for 3rd month in June by 1.81% year-on-year

New Delhi | By Reuters| Posted by: Harshit Sabarwal
PUBLISHED ON JUL 14, 2020 03:17 PM IST
The annual retail inflation, the main gauge for the central bank to monitor prices, however, rose to 6.09% in June, data released on Monday showed.
Piyush Goyal lauded the role of the Indian Cinema for its contribution in fight against Covid-19, and playing an important role in spreading the awareness about various health precautions.(PTI)
Piyush Goyal lauded the role of the Indian Cinema for its contribution in fight against Covid-19, and playing an important role in spreading the awareness about various health precautions.(PTI)

Unregulated OTTs a concern, says Piyush Goyal

Hindustan Times, New Delhi | By J Jagannath, New Delhi
PUBLISHED ON JUL 12, 2020 02:47 AM IST
Piyush Goyal said that India should become the global leader in the content development. Talking about the restrictive practices and roadblocks created by certain countries for the Indian film industry, he said India will reciprocate in similar manner, if such issues are brought to the notice of the Government.
To address the snag, ports are also encouraging transportation of goods by railways.(Bloomberg file photo. Representative image)
To address the snag, ports are also encouraging transportation of goods by railways.(Bloomberg file photo. Representative image)

Shortage of workers, choked ports disrupt supply chains

Hindustan Times, New Delhi | By Anisha Dutta
UPDATED ON APR 14, 2020 03:15 AM IST
The closure of factories has also left cargo grounded (or in ships in anchorage) . India’s 7,516.6 km long coastline caters to more than 90% of India’s trading by volume.
Police personnel check identity cards of commuters before allowing them to proceed at a checkpoint, Lucknow, Uttar Pradesh, April 12, 2020(Dheeraj Dhawan / Hindustan Times)
Police personnel check identity cards of commuters before allowing them to proceed at a checkpoint, Lucknow, Uttar Pradesh, April 12, 2020(Dheeraj Dhawan / Hindustan Times)

Challenges of a partial lockdown

Hindustan Times | By HT Correspondent
PUBLISHED ON APR 13, 2020 07:31 PM IST
Erring on the side of caution has hurt individuals and businesses
The duty-free shops located at airports and passengers can purchase goods worth about Rs 50,000 without paying any import duty.(HT File Photo)
The duty-free shops located at airports and passengers can purchase goods worth about Rs 50,000 without paying any import duty.(HT File Photo)

Government may put curbs on sale of liquor, cigarettes at duty-free shops

Hindustan Times, New Delhi | By HT Correspondent, New Delhi
UPDATED ON JAN 20, 2020 06:52 AM IST
India allows inbound international passengers to buy two bottles or two litres of alcohol, and one carton of cigarette from duty-free shops.
Commerce Ministry has recommended restricting purchase of tax-free alcohol to one bottle at duty-free shops.(HT File/Representative image)
Commerce Ministry has recommended restricting purchase of tax-free alcohol to one bottle at duty-free shops.(HT File/Representative image)

Restrict alcohol purchase to one bottle, ban cigarette sale at duty free shops: Commerce Minister

New Delhi | By Press Trust of India
UPDATED ON JAN 19, 2020 01:50 PM IST
These recommendations are part of proposals made by the commerce ministry for the forthcoming Budget, which would be unveiled by Finance Minister Nirmala Sitharaman on February 1.
The government may impose a provisional safeguard duty of 25 per cent on imports of single-mode optical fibre, used for signal transmission(Bloomberg)
The government may impose a provisional safeguard duty of 25 per cent on imports of single-mode optical fibre, used for signal transmission(Bloomberg)

Govt may impose 25 % safeguard duty on imports of single-mode optical fibre

New Delhi | By Press Trust of India
UPDATED ON NOV 08, 2019 08:11 AM IST
The Directorate General of Trade Remedies (DGTR) , the ministry’s investigation arm, initiated the probe in September following a complaint from the domestic industry.
Goyal informed that some complaints have been brought to his attention regarding violations by e-commerce companies.(HT image)
Goyal informed that some complaints have been brought to his attention regarding violations by e-commerce companies.(HT image)

Flouting of FDI norms by multi brand retailers will invite strict action: Piyush Goyal

Mumbai | By Asian News International
UPDATED ON OCT 18, 2019 11:05 AM IST
The Union Minister said that if the law has been violated, either in the letter or in spirit, strict actions will be taken.
All India Council of Technical Education office.(HT File)
All India Council of Technical Education office.(HT File)

AICTE to take up patent rights for on-campus inventions issue with commerce ministry

New Delhi | By Press Trust of India
PUBLISHED ON SEP 29, 2019 04:06 PM IST
Asserting that the inventor should get credit for any invention on campus as it will encourage more people to take up research, the All India Council of Technical Education (AICTE) said a policy for academic institutions should come from academic bodies.
China will suspend tariff hikes on soybeans, pork and some other farm goods, the Xinhua News Agency said, citing the Cabinet planning agency and the Commerce Ministry.(Reuters File Photo)
China will suspend tariff hikes on soybeans, pork and some other farm goods, the Xinhua News Agency said, citing the Cabinet planning agency and the Commerce Ministry.(Reuters File Photo)

China to lift punitive tariffs on US soybeans, pork: Report

Beijing | By Associated Press
UPDATED ON SEP 14, 2019 07:25 AM IST
The move follows President Donald Trump’s decision Wednesday to postpone a planned October 1 tariff hike on Chinese imports to October 15.
The ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries(Bloomberg)
The ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries(Bloomberg)

India can boost export of 300 products to US, China amid trade war: Report

New Delhi | By Press Trust of India
UPDATED ON JUN 16, 2019 11:43 AM IST
The identification of these products is part of a study carried out by the ministry which states that the ongoing tariff or customs duties war between the US and China proves a big window of opportunity for enhancing India’s exports to these two nations.
M Narendra Modi with US President Donald Trump during a meeting in Manila in November 2017.(Reuters File Photo)
M Narendra Modi with US President Donald Trump during a meeting in Manila in November 2017.(Reuters File Photo)

US move to scrap preferential trade status unfortunate: Government

Hindustan Times, Washington | By Yashwant Raj
UPDATED ON JUN 01, 2019 11:56 PM IST
Congress attacks Centre, says the decision will have grave trade and economic implications
India has described as ‘unfortunate’ the United States’ decision to terminate India’s designation as a beneficiary developing country.(AFP)
India has described as ‘unfortunate’ the United States’ decision to terminate India’s designation as a beneficiary developing country.(AFP)

Unfortunate, says India as US ends preferential trade status, then explains

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUN 01, 2019 06:44 PM IST
The commerce ministry said India had offered resolution on significant US requests to find a mutually acceptable way forward which Washington rejected.
China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.(AFP Photo)
China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.(AFP Photo)

China raises tariffs on US goods amid escalating tensions

Beijing | By Agence France-Presse
UPDATED ON JUN 01, 2019 01:25 PM IST
Beijing’s move hits $60 billion worth of US goods with new punitive tariffs ranging from five to 25 percent, and comes in retaliation for Washington raising punitive tariffs on $200 billion in Chinese goods to 25 percent.
People walk past the Election Commission of India office building in New Delhi, India March 11, 2019.(REUTERS)
People walk past the Election Commission of India office building in New Delhi, India March 11, 2019.(REUTERS)

Lok Sabha Elections 2019: EC inquiry over ministry inputs for BJP manifesto

Hindustan Times, New Delhi | By HT Correspondent
PUBLISHED ON MAY 13, 2019 09:42 AM IST
The Election Commission has said that it has now instituted an inquiry and a report has been sought by the Commerce ministry. The poll watchdog added that it has written to the commerce secretary as well as the joint secretary handling administration.
India’s merchandise exports rose to USD 26.67 billion in February from USD 26.03 per cent in the year-ago month mainly on account of higher shipments in sectors such as pharmaceutical, engineering and electronics.(Picture for representation)
India’s merchandise exports rose to USD 26.67 billion in February from USD 26.03 per cent in the year-ago month mainly on account of higher shipments in sectors such as pharmaceutical, engineering and electronics.(Picture for representation)

Rise in exports, lower imports narrow India’s trade deficit

New Delhi | By Press Trust of India
UPDATED ON MAR 16, 2019 02:03 AM IST
Marginal 2.44 per cent increase in exports as well as lower imports of gold and petroleum products in February significantly narrowed India’s trade deficit to USD 9.6 billion, according to data released by the commerce ministry on Friday.
India’s e-commerce market is currently estimated at Rs 19,650 cr, minus travel portals.(HT File Photo)
India’s e-commerce market is currently estimated at Rs 19,650 cr, minus travel portals.(HT File Photo)

RSS offshoot writes to commerce ministry for stricter e-commerce rules

Hindustan Times | By Smriti Kak Ramachandran
UPDATED ON FEB 15, 2019 07:54 AM IST
In a letter to Suresh Prabhu, minister of commerce and industry, the SJM has pointed out that measures to regulate e-commerce can save local enterprises.
Chinese products on which the duty was imposed include chemicals and petrochemicals, fibres and yarn, machinery items, pharmaceutical, rubber and steel items, he said.(Representative Image/AP Fille Photo)
Chinese products on which the duty was imposed include chemicals and petrochemicals, fibres and yarn, machinery items, pharmaceutical, rubber and steel items, he said.(Representative Image/AP Fille Photo)

India imposed anti-dumping duty on 99 Chinese products as on Jan 28: Commerce ministry

New Delhi | By Press Trust of India
UPDATED ON FEB 04, 2019 03:24 PM IST
Chinese products on which the duty was imposed include chemicals and petrochemicals, fibres and yarn, machinery items, pharmaceutical, rubber and steel items, he said.
British Union flags fly in front of The Houses of Parliament in London. British Prime Minister Theresa May launched a mission to resuscitate her rejected European Union Brexit divorce deal, setting out plans to get it approved by Parliament.(AP Photo)
British Union flags fly in front of The Houses of Parliament in London. British Prime Minister Theresa May launched a mission to resuscitate her rejected European Union Brexit divorce deal, setting out plans to get it approved by Parliament.(AP Photo)

Law ministry flags concerns over India’s trade interests post-Brexit

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON JAN 27, 2019 07:13 AM IST
The government’s legal experts have said that Brexit could restrict Indian companies’ access to the EU through the UK.
An employee uses a laptop computer while packages move along a conveyor belt at the Amazon.com Inc. fulfillment center in Hyderabad.(Bloomberg)
An employee uses a laptop computer while packages move along a conveyor belt at the Amazon.com Inc. fulfillment center in Hyderabad.(Bloomberg)

India’s crackdown on Amazon and Walmart likely to hurt online shoppers

Bloomberg | By Nupur Acharya and Shruti Srivastava
UPDATED ON DEC 28, 2018 12:25 PM IST
Amazon and Flipkart will make presentations before India’s finance and commerce ministries to contest the new rules, local news channel BTVI said in a Twitter post, citing unidentified people.
India is the world’s largest producer and consumer of milk. It produces around 150 million tonne milk annually.(Representative image)
India is the world’s largest producer and consumer of milk. It produces around 150 million tonne milk annually.(Representative image)

Govt extends ban on import of milk products from China for 4 months

Press Trust of India | By Press Trust of India
UPDATED ON DEC 24, 2018 08:57 PM IST
The ban was imposed on apprehensions of presence of melamine in some milk consignments from China. Melamine is a toxic chemical used for making plastics and fertilisers.
India for the fourth time deferred the deadline to impose retaliatory customs duties on 29 US products, including almond, walnut and pulses, by another 45 days, the government has said.(AFP File Photo)
India for the fourth time deferred the deadline to impose retaliatory customs duties on 29 US products, including almond, walnut and pulses, by another 45 days, the government has said.(AFP File Photo)

India again defers duty hike on 29 US products till January 31

New Delhi | By Press Trust of India
UPDATED ON DEC 18, 2018 05:32 PM IST
Commerce and industry minister Suresh Prabhu will hold bilateral discussions on trade issues with US Commerce Secretary Wilbur Ross on February 14 in New Delhi.
Prime Minister Narendra Modi on Wednesday highlighted the need for an early conclusion of the Regional Comprehensive Economic Partnership (RCEP) agreement through multilateral and bilateral talks among the member countries.(Narendra Modi/Twitter Photo)
Prime Minister Narendra Modi on Wednesday highlighted the need for an early conclusion of the Regional Comprehensive Economic Partnership (RCEP) agreement through multilateral and bilateral talks among the member countries.(Narendra Modi/Twitter Photo)

PM Modi calls for early conclusion of Regional Comprehensive Economic Partnership

New Delhi | By HT Correspondent
UPDATED ON NOV 14, 2018 11:09 PM IST
According to Sudhanshu Pandey, Additional Secretary with the Commerce Ministry, Prime Minister Modi also called for a balanced and mutually beneficial RCEP pact.
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