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MINISTRY OF COMMERCE AND INDUSTRY NEWS

Goyal unveils plan to consolidate Commerce Ministry offices

May 16, 2026 9:35 am

Goyal said the consolidation would cut operational costs, improve coordination and boost productivity, while also reducing fuel consumption and travel through a “green governance” model.

With ONDC in place, separate national retail policy takes a backseat

July 29, 2025 5:01 am

The Ministry of Commerce and Industry told Parliament in 2023 that a draft National Retail Trade Policy had been prepared

DPIIT report: 13 states, UTs listed among ‘achievers’ in index of logistics performance

January 04, 2025 10:46 pm

The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growth

India, Australia agree on tie-up in clean energy, push for trade pact

After 2 years of India-Australia trade deal, export utilisation reaches 79%

December 31, 2024 10:29 pm

Trade utilisation of a free trade agreement (FTA) indicates the extent to which trade benefits from the agreement. It also provides insights into whether businesses are effectively leveraging the FTA or finding its concession procedures burdensome.

India developing verification mechanism for tax refund scheme after anti-subsidy action by US, EU

June 18, 2024 8:04 am

This comes after the US and EU last year imposed countervailing duties on paper file folders, common alloy aluminium sheet and forged steel fluid following an anti-subsidy investigation.

Piyush Goyal retains Commerce and Industry Ministry after winning Mumbai North Lok Sabha seat

June 11, 2024 9:44 am

The ministry under Goyal would look to close pending FTAs with UK and EU, and begin talks with Russia-led Eurasian Economic Union (EEU) largely to boost consistently declining labour intensive exports.

Shuffling of trade negotiators: Trade ministry looks to retain institutional memory

May 24, 2024 8:16 pm

Experts pointed out that the country’s negotiating strategy cannot rely on transferable generalist civil servants and could need a separate service to handle trade negotiations.

Testing of Ethylene Oxide residue in all spice shipments to Singapore, Hong Kong mandatory

May 16, 2024 12:20 am

The commerce ministry said that a techno scientific committee conducted a root cause analysis, inspected processing facilities and collected samples for testing in accredited labs after reports on recall of India spice products from Singapore and Hong Kong.

India’s goods exports up 1% in April, merchandise trade deficit widens to 5-month high of $19.1 billion

May 16, 2024 12:13 am

Goods export in April this year at $34.99 billion was 1.09 per cent higher compared to the $34.62 billion in April 2023. However, imports surged at a much faster pace, widening the trade gap to $19.1 billion.

India-Nigeria trade officials meet as China’s investments in Africa falter

May 03, 2024 4:09 pm

This comes after IMF last year said that the ripple effects of China's slowing economy extended to sovereign lending to sub-Saharan Africa, which fell below $1 billion last year, the lowest level in nearly two decades.