Current Affairs on Ministry of Commerce and Industry

Piyush Goyal launches LEAPS 2025 to benchmark logistics excellence in India

The Union Ministry of Commerce and Industry launched the Logistics Excellence, Advancement, and Performance Shield (LEAPS) 2025. This initiative align with the vision of the National Logistics Policy (NLP) and PM GatiShakti. It aims to benchmark and reward best practices in the logistics sector. LEAPS 2025 encourages innovation, sustainability, and collaboration among diverse logistics stakeholders […]

Piyush Goyal launches LEAPS 2025 to benchmark logistics excellence in India Read More »

Bharat Calling Conference 2025

In a major step towards shaping the economic landscape of India, Union Minister for Commerce and Industry, Shri Piyush Goyal, officially opened the ‘Bharat Calling Conference 2025’. This event, organized by the IMC Chamber of Commerce and Industry in Mumbai, carries the theme ‘Path to Viksit Bharat 2047: Pioneering Prosperity for All’. It highlights India’s

Bharat Calling Conference 2025 Read More »

India’s Exports Surge by 7.2% YoY in Apr-Jan 2025

India’s total exports saw a 7.2% year-on-year (YoY) growth from April 2024 to January 2025, according to data from the Ministry of Commerce and Industry. This represents a notable rise in India’s global trade involvement, fueled by important sectors like electronics manufacturing and aerospace. Nevertheless, the possibility of U.S. tariffs presents a challenge to maintaining

India’s Exports Surge by 7.2% YoY in Apr-Jan 2025 Read More »

FDI inflow at all-time high of $83.57 bn in 2021-22

As per the Ministry of Commerce and Industry, India has recorded the “highest ever” annual FDI inflow of USD 83.57 billion in 2021-22. In 2020-21, the inflow stood at USD 81.97 billion. FDI equity inflow in manufacturing sectors has increased by 76% in 2021-22 (USD 21.34 bn) compared to 2020-21. Top investors: Singapore (27%); USA (18%) and Mauritius (16%) Computer software and hardware attracted maximum inflows

FDI inflow at all-time high of $83.57 bn in 2021-22 Read More »

WPI inflation at record high of 15.08% in April on price rise of items

Wholesale price-based inflation has risen to 15.08% in April on rising prices across segments from food to commodities. The WPI-based inflation was 14.55% in March 2022 and 10.74% in April 2021. Reason: Due to the rise in prices of mineral oils, basic metals, crude petroleum & natural gas, food articles, non-food articles, food products etc. The WPI inflation has remained double-digit for the 13th

WPI inflation at record high of 15.08% in April on price rise of items Read More »

Union Minister Piyush Goyal inaugurates Indian Jewellery Exposition Centre building in Dubai

The Union Minister of Commerce and Industry, Piyush Goyal inaugurated the Indian Jewellery Exposition Centre (IJEX) building in Dubai, UAE on March 29, 2022, during his visit to Dubai to participate in the India Pavilion at Dubai Expo 2020. Union Minister of Commerce & Industry, Consumer Affairs and Food & Public Distribution and Textiles, Piyush Goyal called

Union Minister Piyush Goyal inaugurates Indian Jewellery Exposition Centre building in Dubai Read More »

Centre extends Indian Footwear and Leather Development Programme for five years from 2021-2026; Total Outlay: Rs. 1700 crore

Indian Footwear and Leather Development Programme (IFLDP) (erstwhile IFLADP) has been approved for continuation from 2021-22 with an approved financial outlay of ₹1,700 crore, said the ministry of commerce in a statement on Saturday. The programme was approved by the cabinet on 19 January for continuation till 31 March 2026, or till further review, whichever is earlier. The

Centre extends Indian Footwear and Leather Development Programme for five years from 2021-2026; Total Outlay: Rs. 1700 crore Read More »

Spices Board of India launches ‘Spice Xchange India’, country’s first online platform for spice exports

India’s first virtual platform for spice exports ‘Spice Xchange India’ was launched on Thursday. The Union Minister of State for Commerce and Industry Som Parkash inaugurated India’s first portal for spice exports named ‘Spice Xchange India’ at a hybrid event held in Kochi. The spicexchangeindia.com, developed by the Spices Board, is a 3D virtual platform aimed at connecting India’s

Spices Board of India launches ‘Spice Xchange India’, country’s first online platform for spice exports Read More »

Wholesale inflation surges to 14.23% in November

Producers’ inflation based on the Wholesale Price Index (WPI) has reached an all-time high in the current series at 14.23 percent in November, data released by the Ministry of Commerce & Industry showed. Inflation in October this year was at 12.54 percent, while in November 2020 it was at 2.29 percent. This is the 8th successive month of double

Wholesale inflation surges to 14.23% in November Read More »

Piyush Goyal to inaugurate 40th edition of IITF on 14th November

Piyush Goyal to inaugurate the 40th edition of IITF on 14th November

Commerce and Industry Minister Piyush Goyal will inaugurate the India International Trade Fair (IITF) 2021 at Pragati Maidan in New Delhi. The 40th edition of IITF, a magnum of the India Trade Promotion Organization represents India in totality as an ideal destination for numerous business and investment opportunities. Theme: Aatmanirbhar Bharat Partner State: Bihar Focus States: UP, Jharkhand

Piyush Goyal to inaugurate the 40th edition of IITF on 14th November Read More »