Exports

Similarly, imports also declined in January by 3.63 per cent to $50.66 billion as against $52.57 billion in the same month last year. Trade deficit in January was $17.75 billion, a 12-month low. Cumulatively, however, during April-January 2022-23, the country's merchandise exports rose 8.51 per cent to $369.25 billion, while imports increased 21.89 per cent to $602.20 billion, the data showed.

According to the reply, the Central government has taken multiple measures to promote India's export. Foreign Trade Policy (2015-20) has been extended up to March 31, 2023 and Interest Equalization Scheme on pre and post shipment rupee export credit has also been extended up to March 31, 2024.

In November this year, an increase of only 0.62 per cent was registered in the total export of commodities as compared to November last year, but there was a double digit increase in exports of almost all the items of agriculture and food items. A growth of 53.78 percent was registered in the export of various other types of cereals in the month.

During the fiscal 2020-21, the total exports stood at Rs 8,501 crore. The first in the country when it opened up here in the late 1990s, Technopark is presently home to 70,000 employees, working in 470 companies with a total IT built up area of 10.6 million square feet.

Food Secretary Sanjeev Chopra said while addressing media persons that the ban on wheat exports has led to a rise in stock availability. Wheat prices, Chopra said, have gone up only by 7 per cent in retail. However, he added that if the hike in MSP is considered then the price rise is only around 5 per cent. He further said that wheat and rice stocks position is comfortable and much above the government's buffer requirements. Government had banned exports of wheat in May this year to boost domestic supplies and control prices.

According to Commerce Ministry data, imports though rose to $56.69 billion in October 2022 as against $53.64 billion in October 2021. In the April-October 2022 period, exports grew 12.55 per cent to $263.35 billion. Imports during the same period rose 33.12 per cent to $436.81 billion, the data showed.

According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S) on Wednesday, the overall export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to $13,771 million in April-September 2022 from $11,056 million over the same period of the last fiscal.

In May this year, the government had banned sugar exports with effect from June 1 till October 31, 2022 after the prices had surged exponentially. "Restriction on export of sugar (raw, refined, and white sugar) is extended beyond October 31, 2022 till October 31, 2023, or until further orders, whichever is earlier. Other conditions will remain unchanged," the Directorate General of Foreign Trade (DGFT) said in a notification dated October 28.

UAV systems including drones, remotely piloted air vehicles and autonomous programmable vehicles, not specified under SCOMET Categories/sub-categories 3D013, 5B(a) & (b), 6A010, 8A912, and capable of range equal to or less than 5 km and delivering a payload of not more than 5 kg (excluding the software and technology of these items), will not be covered for the purposes of SCOMET Category 5B, subject to the General Licensing procedure under GAED policy to be notified in the Public Notice, said the DGFT.

The deal was first signed by Russian Defence Minister Sergei Shoigu with his Turkish counterpart Hulusi Akar and the United Nations Secretary-General Antonio Guterres, and later by Ukrainian Infrastructure Minister Oleksandr Kubrakov with the other two sides, Xinhua news agency reported. Turkish President Recep Tayyip Erdogan also attended the ceremony. The first round of negotiations among military delegations of Turkiye, Russia, and Ukraine, and the United Nations representatives concluded last week with an agreement on the basic principles of the shipment process through the Black Sea.