Hallmarking for gold jewellery mandatory from January 15, 2021

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In a bid to further protect the jewellery buyers from buying inferior quality ornaments, the Narendra Modi-led NDA government has decided to make BIS hallmarking mandatory for gold jewellery from January 15, 2021. According to Union Minister of Consumer Affairs Ram Vilas Paswan, the move would ensure that the consumers don’t get cheated into buying […]

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India probes alleged subsidised export of certain steel items by Indonesia

India has initiated a probe into an alleged subsidised export of certain steel products by Indonesia, following complaints by domestic industry. The petitioners have alleged that the producers/exporters of certain steel products in Indonesia have benefited from the actionable subsidies provided at various levels by the Indonesian government. The commerce ministry’s investigation arm Directorate General […]

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India’s commerce ministry to soon come out with new foreign trade policy

India’s Commerce Ministry will soon come out with a new foreign trade policy, which provides guideline and incentives for increasing exports, for the next five financial years 2020-25. The ministry is giving final touches to the new policy as the validity for the old one will end on March 31, 2020. The Ministry said that […]

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WTO to rule on India Sugar export subsidies

The World Trade Organization (WTO) set up panels to rule on complaints by Australia, Brazil and Guatemala against India’s export subsidies for sugar and sugarcane producers which they assert are illegal, Reuters reported. Last month, India had blocked the first-time request from Australia, Brazil and Guatemala for establishing the panel. But the three complainants made […]

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Brazil seeks WTO to set up dispute panel against India on sugar subsidy

Brazil has sought establishment of a dispute panel under the aegis of the World Trade Organization (WTO) in a case against India’s sugar subsidies to farmers. In February, Brazil and several other countries including Australia and Guatemala have dragged India into the WTO’s dispute settlement mechanism alleging that New Delhi’s sugar subsidies to farmers are […]

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WTO quarterly trade growth indicator remains at nine-year low

The World Trade Organization’s quarterly outlook indicator showed that global goods trade growth was likely to remain weak, with a reading of 96.3, unchanged from February, the lowest since 2010. “The outlook for trade could worsen further if heightened trade tensions are not resolved or if macroeconomic policy fails to adjust to changing circumstances,” the […]

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Global trade growth may slow down in the first half of 2019: WTO

Trade tensions, political risks and financial volatility will continue to pressure global trade, and trade weakness is likely to extend into the first quarter of 2019, the World Trade Organization (WTO) cautioned. The global trade watchdog’s latest World Trade Outlook Indicator (WTOI) was 96.3, the weakest since March 2010 and below the baseline value of […]

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US, Canada accuse India of misreporting Minimum Support Price on pulses at WTO

US and Canada have accused India at the World Trade Organization (WTO) of “dramatic under-reporting” of market price support for pulses. The five pulses under scrutiny are Chickpeas, Pigeon Peas, Black matpe, Mung beans, and Lentils. Both countries have submitted their own steeper calculations for inspection of members. India’s market price support for the five […]

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