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KNN India

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30 storiesChecked live · newest publisher story 2h ago
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WorldAsia

India’s August Export Growth Strengthens as Trade Deficit Narrows to USD 9.41 Billion

India’s August Export Growth Strengthens as Trade Deficit Narrows to USD 9.41 Billion New Delhi, Sep 15 (KNN) India’s overall exports rose 25.41 per cent year-on-year to an estimated USD 82.68 billion in August 2026, helping narrow the country’s trade deficit to USD 9.41 billion from USD 11.62 billion a year earlier, according to official government data. The information showed that overall imports also increased to USD 92.09 billion in August from USD 77.55 billion in the corresponding m

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World

GCC Services May Qualify as Exports Under Proposed IGST Act Amendment

GCC Services May Qualify as Exports Under Proposed IGST Act Amendment New Delhi, Sep 15 (KNN) Services provided by global capability centres (GCCs) to overseas entities may qualify as exports under a proposed amendment to the Integrated Goods and Services Tax (IGST) Act, potentially removing the 18 per cent GST currently applicable to such services. The proposed amendment is likely to be discussed at the next meeting of the GST Council, which is expected to be held on October 7, according

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WorldAsia

India’s Met Coke Imports Set to Hit Record High Despite Anti-Dumping Duty

India’s Met Coke Imports Set to Hit Record High Despite Anti-Dumping Duty New Delhi, Sep 15 (KNN) India’s metallurgical coke (met coke) imports are expected to reach a record high in the current fiscal year, driven by domestic supply shortages and strong demand from pig iron producers, even after the government imposed a five-year anti-dumping duty in July. India is expected to import around 6 million metric tonnes of met coke in the fiscal year that began in April, up 32 per cent from th

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WorldAsia

India’s Gem & Jewellery Exports Rise 3.14Percent to USD 2.30 Billion in August

India’s Gem & Jewellery Exports Rise 3.14Percent to USD 2.30 Billion in August New Delhi, Sep 15 (KNN) India’s gross gem and jewellery exports rose 3.14Percent year-on-year in US dollar terms to USD 2.30 billion in August 2026, with studded gold jewellery exports surging 51.22Percent to USD 642.85 million, according to data from the Gem and Jewellery Export Promotion Council (GJEPC). The council said gross gem and jewellery exports increased 12.52Percent in rupee terms to Rs 21,945.87 cro

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BusinessAsia

India’s Space Economy Set to Cross Rs 4 Lakh Cr by 2033, Driven by Commercialisation, Downstream Adoption: EY-CII Report

India’s Space Economy Set to Cross Rs 4 Lakh Cr by 2033, Driven by Commercialisation, Downstream Adoption: EY-CII Report New Delhi, Sep 15 (KNN) India’s space economy is projected to expand more than five-fold to Rs 4.22 lakh crore (USD 44 billion) by 2033 from Rs 0.81 lakh crore (USD 8.4 billion), with commercialisation, private investment and wider adoption of space-enabled applications expected to drive the next phase of growth, according to a joint EY-Confederation of Indian Industry (CII

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WorldAsia

Rising Consumption and Investment to Support India’s Medium-Term Growth: Crisil Report

Rising Consumption and Investment to Support India’s Medium-Term Growth: Crisil Report New Delhi, Sep 15 (KNN) India’s medium-term economic growth is expected to be supported by strong domestic consumption, sustained public infrastructure spending and a revival in private investment, with rising per-capita income likely to reinforce the growth momentum and put the economy on a higher trajectory by 2030, according to a Crisil report. The report cited International Monetary Fund (IMF) proje

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World

DGFT To Launch Central Processing Department In Delhi For Faceless, Paperless Trade Processing

DGFT To Launch Central Processing Department In Delhi For Faceless, Paperless Trade Processing New Delhi, Sep 15 (KNN) The Directorate General of Foreign Trade (DGFT) will set up a Central Processing Department (CPD) in Delhi to implement a faceless trade facilitation system aimed at making the processing of trade-related applications faster, more transparent and jurisdiction-free for exporters and importers. According to a DGFT office memorandum, the CPD will function as a central unit f

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WorldAsia

India, Canada Resume CEPA Talks, Seek Deal by Year-End

India, Canada Resume CEPA Talks, Seek Deal by Year-End New Delhi, Sep 15 (KNN) India and Canada on Monday began the fourth round of negotiations for the proposed Comprehensive Economic Partnership Agreement (CEPA) in New Delhi, with both sides seeking to conclude the talks by the end of this year, an official said. The five-day round, scheduled from September 14 to 18, will focus on key areas including trade in goods and services, rules of origin and technical barriers to trade. The third

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WorldAsia

India-EU FTA: India Gets 1.64 Mn-Tonne Annual Steel Quota, But CBAM Costs Remain

India-EU FTA: India Gets 1.64 Mn-Tonne Annual Steel Quota, But CBAM Costs Remain New Delhi, Sep 15 (KNN) India will be able to export up to 1.64 million metric tonnes of steel annually to the European Union (EU) under the India-EU free trade agreement (FTA), significantly expanding preferential market access, but exporters will continue to face carbon-related costs under the EU’s Carbon Border Adjustment Mechanism (CBAM), according to the pact’s legal text. The agreement provides India wi

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Business

MSME Ministry-DGFT Webinar: Exporters Get Finance, Certification, Logistics Support Under Export Promotion Mission

MSME Ministry-DGFT Webinar: Exporters Get Finance, Certification, Logistics Support Under Export Promotion Mission New Delhi, Sep 15 (KNN) The Ministry of MSME and the Directorate General of Foreign Trade (DGFT) held a webinar for exporters and stakeholders, highlighting a range of measures under the Export Promotion Mission (EPM) to ease financing, compliance, logistics and market-access challenges faced by micro, small and medium enterprises (MSMEs). The flagship mission, jointly implem

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World

Centre Bars Charges On UPI Transactions Up To Rs 2,000, RuPay Debit Card Payments

Centre Bars Charges On UPI Transactions Up To Rs 2,000, RuPay Debit Card Payments New Delhi, Sep 15 (KNN) The Centre has barred banks and payment system providers from imposing direct or indirect charges on Unified Payments Interface (UPI) transactions of up to Rs 2,000 and payments made using RuPay-powered debit cards. The Finance Ministry notified the specified electronic payment modes under the Payment and Settlement Systems Act, 2007, clarifying that neither the person making nor rece

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WorldAsia

India, Mercosur Sign Protocol To Allow Electronic Certificates Of Origin For Paperless Trade

India, Mercosur Sign Protocol To Allow Electronic Certificates Of Origin For Paperless Trade New Delhi, Sep 15 (KNN) India and Southern Common Market (Mercosur) have signed an additional protocol to allow electronic Certificates of Origin (CoO) under their preferential trade agreement, paving the way for paperless trade and faster customs procedures between the two sides. The move will give electronically issued CoOs the same legal validity as paper certificates and is expected to reduce

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World

IATO Seeks Strategic Export Sector Status For Tourism To Double Economic Contribution To 10%

IATO Seeks Strategic Export Sector Status For Tourism To Double Economic Contribution To 10% New Delhi, Sep 15 (KNN) India’s tourism industry needs stronger policy support, sustained global marketing and improved connectivity to double its contribution to the economy to 10 per cent from around 5 per cent, the Indian Association of Tour Operators (IATO) said at its annual convention. The association said inbound tourism could become a stronger source of foreign exchange earnings, employmen

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WorldAsia

Haryana Eyes New Export, Investment Opportunities Through India-UK CETA: Saini

Haryana Eyes New Export, Investment Opportunities Through India-UK CETA: Saini Chandigarh, Sep 15 (KNN) The India-UK Comprehensive Economic and Trade Agreement (CETA) is set to create new market access for Haryana’s textiles, footwear, gems and jewellery and engineering sectors, Chief Minister Nayab Singh Saini said on Monday. Addressing the ‘Haryana-UK CETA Trade Bridge: Unlocking Global Opportunities for Haryana’ programme, Saini said the state would leverage the agreement to turn its i

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World

Textile Industry Seeks Six-Month Extension for Duty-Free Cotton Imports

Textile Industry Seeks Six-Month Extension for Duty-Free Cotton Imports New Delhi, Sep 14 (KNN) India’s textile industry has sought a six-month extension of the duty-free import window for raw cotton beyond October 31, citing a sharp rise in yarn prices and concerns over cotton availability. The government had waived the 11Percent import duty on raw cotton from June to October 31 to improve availability and help moderate domestic prices. Cotton prices have risen about 24Percent over the p

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