There would be no new registration for cotton export until it receive forthcoming orders during current marketing year, a statement reviewed by GOM, following a strong criticism over the domestic supply-demand situation.
From last month, govt. decided to ban on cotton exports. But a huge protest had been made by traders as this would hamper the domestic supply of country.
Over the whole conspiracy, Gujarat chief minister Narendra Modi has come forward and forcing Center to disapproval permission of fresh registration. Read the rest of this entry…
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Indian importer are more conscious about their business and govt. also tried to go Indian imports more fasters than exports in February because of weaken demand in major exports markets like the United States and Europe.
This trade deficit has pushed govt. to revise the full-year trade deficit projections on Friday, so that there will be no impact over India’s current account deficit and further value of the rupee.
As per source report, the trade deficit widened to $15.2 billion during this month from January when it was $14.8 billions.
On basis of Trade data, Trade Secretary Rahul Khullar said that Merchandise exports grew an annual 4.3 percent to $24.6 billion in February, while imports grew 20.6 percent to $39.8 billion. Read the rest of this entry…
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There would be no new registration for cotton export until it receive forthcoming orders during current marketing year, a statement reviewed by GOM, following a strong criticism over the domestic supply-demand situation.
