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  After PNB fraud, RBI stops use of LoUs for trade credit for imports

  Business | March 13, 2018 23:52 IST

  The RBI said the decision to discontinue the practice of LoUs and Letters of Comfort (LoCs) for trade finance comes into force with immediate effect.

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  About 63% solar panel are imported from China, says government

  August 13, 2015 18:49 IST

  New Delhi:  About 63% of the total imports of solar power panels have been from China during the first two months of the current fiscal, Parliament was informed on Thursday.As many as 1.90 crore solar

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  Government looks to issue sovereign gold bonds to check imports

  June 19, 2015 12:53 IST

  New Delhi : The government is planning to issue sovereign gold bonds linked to the price of the yellow metal, a proposal aimed at reducing demand for gold and control trade deficit.In a draft outline,

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  Exports decline 14% in April; 5th straight month of contraction

  May 16, 2015 11:34 IST

  New Delhi: Raising fresh concerns about economic growth, India's exports contracted by about 14 per cent in April to USD 22 billion due to a sharp dip in petroleum, gems and jewelery shipments, registering decline

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  PM Modi appeals to well-off people to give up subsidised LPG

  India | March 27, 2015 18:01 IST

  New Delhi: Prime Minister Narendra Modi today appealed to the well off people to give up subsidised cooking gas, and expressed his government's resolve to reduce dependence on energy imports by 10 per cent by

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  RBI lifts restrictions on gold imports

  February 19, 2015 23:30 IST

  New Delhi: Reserve Bank of India has allowed Indian banks to import gold in bullion form on a consignment basis and has also allowed them to extend gold loans without any restrictions. The move comes

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  Australia imports soil to mirror India pitches

  Cricket | June 05, 2014 11:01 IST

  BRISBANE, Australia :  Cricket Australia plans to import soil from India to create low-bouncing, spinning wickets at its main training ground in Brisbane, aiding preparation for future tours of India, Sri Lanka and Bangladesh.   Australian

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  Analysts see FY'15 CAD rising to 2.1-2.6% on growing imports

  May 27, 2014 23:15 IST

  Mumbai: Current account deficit, which narrowed to 1.7 per cent of GDP in FY14, is likely to rise to 2.1-2.5 per cent this fiscal on higher imports of gold and other items as the economy

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  EU's ban on Indian mango imports comes into force

  May 02, 2014 19:36 IST

  London: Mangoes from India have been banned across the European Union, halting imports into the UK potentially until December 2015. The ban has also been imposed on aubergines, two types of squash, and a type of

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  USFDA bans imports from Sun Pharma's Gujarat unit

  March 13, 2014 18:22 IST

  Mumbai: The US Food and Drug Administration (US FDA) has banned imports from Indian generic drugmaker Sun Pharmaceutical Industries Ltd's plant at Karkhadi in the western state of Gujarat.The alert was issued by the US

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  High exports, low imports bring down trade deficit in Sept

  October 09, 2013 15:45 IST

  New Delhi: Rising exports and declining imports in September narrowed the trade deficit to a 30-month low of USD 6.76 billion, which may help the rupee to stabilise after excessive volatility in the past few

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  India's palm oil imports to be 83 lakh tons in 2013-14

  September 23, 2013 19:30 IST

  Mumbai: Indian Palm oil imports are likely to remain at 83 lakh tonnes in the oil year 2013-14 starting from November, as local refiners prefer cheaper alternatives like soy and sunflower oil, Godrej International Director

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  Gold imports fall 95% in August, ease current account deficit woes

  September 10, 2013 16:08 IST

  New Delhi: India's gold imports crashed 95% in August to just 2.5 tonne from month before, easing pressure on policymakers as they struggle to contain the depreciation of the Indian rupee to the US dollar

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  Govt will take hard decisions to curb inessential imports: Chidambaram

  September 07, 2013 19:08 IST

  New Delhi: Grappling with the stressed economy, Finance Minister P Chidambaram today said “hard decisions” would be taken in the next few days and weeks to trim wasteful expenditure and curb import of “inessential” items.“We

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  Exports Up 4.3 Pc In Feb, Imports Grow By 20.6 Pc

  March 09, 2012 12:17 IST

  New Delhi, Mar 9: Exports grew by 4.3 per cent year-on-year to USD 24.6 billion, while imports increased by 20.6 per cent in February, Commerce Secretary Rahul Khullar said today.Imports stood at USD 39.8 billion

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  Gold Import May Cross 1,000-Tonne Mark

  August 21, 2011 13:25 IST

  Mumbai, Aug 21 :Notwithstanding the skyrocketing prices, gold imports are likely to cross the 1,000-tonne mark this year on robust investment demand, according to analysts.  Since the US sovereign debt downgrade and the new threats