Tech glitch in data transmission led to inflated gold, silver import data: GovernmentThe government has established a committee to create a consistent mechanism for publishing export-import data amid technical glitches. This...
India revises gold and silver import figures: Trade deficit narrowedGold and silver import figures for April-November FY25 were revised significantly, with gold imports adjusted downward by $5 billion to $9....
Commerce ministry may face possible repeat of 2011 trade data errorIndia's November 2024 gold import figures, showing a record high of $14.86 billion and a quadrupled increase, are under scrutiny by the com...
'Delay in collection of data from some SEZs, ports reason for difference in preliminary and final exports growth numbers for Sep'According to the preliminary data, released on October 3, the merchandise exports contracted by 3.5 per cent in September to USD 32.62 bill...
Cut diamond imports dip by 14.44 per cent in April-November 2017: GJEPCThe return consignments stood almost the same at USD 4,945 million for the period under review, compared with USD 4,978 million in the year...
Government wants to know all about Shah Rukh Khan, Kangana Ranaut's foreign earningsGovt plans to collect data from trade in services. Not just from Bollywood but also logistics, telecom and professional services such as ac...
Coal imports drop 5% to 14.52 million tonnes in October"DGCI&S data reveals that import of coal has come down for the fourth consecutive month. In October 2015, it is down by 5.10%," Coal Secret...
Government looks at strengthening CSA, DGCI&S proposed to be nodal body for services trade data collectionCollection of accurate data, which is crucial for making key decisions and framing policies, has been a major challenge for authorities.
Government drawing new roadmap for boosting services exportsThe government is drawing a fresh roadmap for enhancing services exports through diversification and tapping of new markets, a senior Comme...
Plan ready to compile inter-state trade dataThe government is ready with a road map to capture interstate trade data, considered as essential for the proposed Goods and Service Tax re...
$8.8 bn missing link in exports figures: How government got economic data wrongThe principal reason for exports being overstated by $8.8 billion was the customs dept’s shift to a new computer system.
- Government plans white paper on wrong export numbers soon
Govt is considering bringing out a white paper on what went wrong with exports numbers that were revised down $9 billion for first 7 months...
- RBI leans on commerce department for export figures
Exports data from RBI may not be more reliable than the commerce ministry's revision-prone figures, as it does not report actual exports re...
- DGCIS says apparel exports rose 30% in H1, exporters differ
Despite the impending fears of another global recession, apparel exports from India in the April-September 2011 period have grown by 30% to...
- E-filing at ports boosted export numbers last year
India’s phenomenal 41% growth in exports last year may have been a tad inflated because of better data captured at the country's customs po...
- Balance of payments- surplus turns to deficit; recovery imminent
Mirroring the financial meltdown, India’s balance of payments data for the third quarter registered an overall deficit of $17.88 billion, t...
- Centre steps in for clarity in annual trade data
To ensure more transparency in annual trade data, the Centre has decided to again offer two sets of data on exports and imports.