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Senior official confirms no import ban on laptops, tablets, etc. despite recent notification. Licenses can be swiftly obtained via online portal. Goods' prices and transit unaffected. Import curbs unrelated to PLI 2.0 participation

Import of laptops, tablets, etc. allowed; Senior official confirms no ban

Senior official confirms no import ban on laptops, tablets, etc. despite recent notification. Licenses can be swiftly obtained via online portal. Goods' prices and transit unaffected. Import curbs unrelated to PLI 2.0 participation

Contrary to recent confusion, a senior official has clarified to the mint that there is no ban on the import of IT hardware, laptops, tablets, and related products. This statement comes just a day after the Ministry's notification raised concerns about import restrictions.&nbsp;
The Ministry of Electronics &amp; Information Technology had, on Thursday, announced immediate limitations on the import of laptops, tablets, and personal computers categorized under HSN 8741. However, the Secretary to the Ministry emphasized that this should not be misunderstood as a comprehensive import ban.&nbsp;
To streamline the import process, the official highlighted that the required licenses for such imports can be obtained within minutes. The Directorate General of Foreign Trade's online license portal facilitates this swift process. These licenses, once granted, remain valid for a duration of one year.&nbsp;
It was disclosed that two companies have already submitted their applications for import licenses. Moreover, the official clarified that businesses have the liberty to apply for multiple licenses, if needed.&nbsp;
In reassuring news for consumers, the official dispelled concerns about rising prices or disruptions in the transit of goods like laptops, tablets, and personal computers. The market should not expect any adverse impact on the availability and affordability of these products.&nbsp;
Furthermore, the official categorically stated that these import restrictions are unrelated to the alleged slow uptake of PLI 2.0 (Production-Linked Incentive 2.0) schemes. Reportedly, 44 companies, including industry giant HP, have already enrolled in the PLI 2.0 program.&nbsp;
Also Watch: <a href="https://www.editorji.com/business-news/govt-imposes-import-restrictions-on-laptops-tablets-with-immediate-effect-1691056741529">Govt imposes import restrictions on laptops, tablets with immediate effect</a>

An exemption from import license requirement would be granted for the import of one laptop, tablet, all-in-one personal computer, or ultra small form factor computer, including those purchased from e-commerce portals through post or courier

Govt imposes import restrictions on laptops, tablets with immediate effect

An exemption from import license requirement would be granted for the import of one laptop, tablet, all-in-one personal computer, or ultra small form factor computer, including those purchased from e-commerce portals through post or courier

The government on Thursday imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers and servers with immediate effect. The restrictions are brought in to promote local manufacturing.&nbsp;
The Directorate General of Foreign Trade (DGFT) in a notification said that exemption from import licensing is provided for up to 20 items per consignment for R&amp;D, testing, benchmarking and evaluation, repair and return, product development purposes.
Also Read: <a href="https://www.editorji.com/business-news/e-commerce-industry-to-generate-7-lakh-gig-jobs-in-festive-season-of-2023-report-1690895991234">E-commerce industry to generate 7 lakh gig jobs in festive season of 2023: Report</a>
The move is expected to cut imports from countries like China.
"Import of laptops, tablets, all-in-one personal computers, and ultra small form factor computers, servers falling under HSN 8741 is 'restricted' with immediate effect," it said.
Products under restrictions need license or permission from the government. However, there would be an exemption from the import Licencing requirements for the import of one laptop, tablet, all-in-one personal computer, or ultra small form factor computer, including those purchased from e-commerce portals through post or courier. Imports will be subject to payment of duty as applicable.&nbsp;
Meanwhile, this restriction would not be applicable for imports under the Baggage Rules. Baggage Rules refer to the checks every passenger entering or leaving Indian border has to pass under Customs.

China’s share in India’s merchandise imports have declined to 13.79% in 2022-23 from 15.43% in 2021-22

India's exports in March fall 13.9%, trade deficit widens

China&rsquo;s share in India&rsquo;s merchandise imports have declined to 13.79% in 2022-23 from 15.43% in 2021-22

While India's overall exports of goods and services rose to $770 billion in 2022-23, showing a growth of 14 per cent, March goods exports declined 13.9% to $38.38 billion and imports declined 7.9% to $58.11 billion.&nbsp; In March 2022, goods exports were $ 44.57 billion and imports were $ 63 billion.&nbsp; According to reports, the pace of contraction sharpened for exports in March due to the global demand slump and trade headwinds have started to take a toll on India&rsquo;s foreign trade. Commerce and industry minister Piyush Goyal, who was on a visit to France and Italy from April 11-13, told reporters in Rome on Thursday that India&rsquo;s exports of goods and services together had scaled &ldquo;new heights&rdquo; and increased by 14% to $770 billion in 2022-23 as against $676 billion in 2021-22. The overall imports of goods and services touched $892 billion in the last fiscal, the minister said, adding that it reflects that the country&rsquo;s economic activities are growing and that has supported the exports.

India, the world's largest exporter of rice has imposed an export duty on the cereal and also banned international trade of broken rice starting today. 
According to a notification by the revenue department, an export duty of 20 per cent has been imposed on 'rice in husk (paddy or rough)' and 'husked (brown) rice. Export favourite basmati rice has not been placed on the export duty regime.
India, the world's second-largest rice producer after China, commands a 40 per cent share in the global trade. It exported non-Basmati rice to more than 150 countries in 2021-22. 
This year, paddy also saw lower cultivation, which is also raising rice prices. The total area under paddy cultivation as on September 2 is lower by 5.6 per cent to 383.99 lakh hectares, compared with 406.89 lakh hectares last year. 

Explained: Why India has added duty and ban on rice exports

India banned exports of broken rice and imposed a 20% duty on exports of various grades of rice

Here's why

India exports rice to more than 150 countries, and any reduction in its shipments would increase upward pressure on food prices

India, the world's largest exporter of rice has imposed an export duty on the cereal and also banned international trade of broken rice starting today.&nbsp;
According to a notification by the revenue department, an export duty of 20 per cent has been imposed on 'rice in husk (paddy or rough)' and 'husked (brown) rice. Export favourite basmati rice has not been placed on the export duty regime.
India, the world's second-largest rice producer after China, commands a 40 per cent share in the global trade. It exported non-Basmati rice to more than 150 countries in 2021-22.&nbsp;
Below-average rainfall in key rice-producing states such as West Bengal, Bihar and Uttar Pradesh has raised concerns over India's rice production. The country has already banned wheat exports and restricted sugar shipments this year.
This year, paddy also saw lower cultivation, which is also raising rice prices. The total area under paddy cultivation as on September 2 is lower by 5.6 per cent to 383.99 lakh hectares, compared with 406.89 lakh hectares last year.&nbsp;

Amid tension between India and China over Beijing's military aggression in Ladakh, America seems to gaining. The United States overtook China to become India's top trade partner in 2021-22.
In FY22, India and USA's bilateral trade stood at $119.42 billion compared to $115.42 billion between India and China.
India's exports to US rose to $76.11 billion in 2021-22 from $51.62 billion in 2020-21. At the same time, imports from US to India rose to $43.31 billion from $29 billion in 2020-21.
India's exports to China increased to $21.25 billion in 2021-22 from $21.18 billion in 2020-21. Imports from China to India rose to $94.16 billion from $65.21 billion in 2020-21.
The sharp rise in imports from China continues despite India's perceived push to move away following the Ladakh tension.
India has a trade surplus with the US, but a trade deficit with China. This means that India exports more to the US than it imports, but vice versa with China.

USA beats China to become India's top trade partner, but Chinese imports rise even amid Ladakh tension

Amid tension between India and China over Beijing's military aggression in Ladakh, America seems to gaining.

Amid tension between India and China over Beijing's military aggression in Ladakh, America seems to gaining. The United States overtook China to become India's top trade partner in 2021-22.
In FY22, India and USA's bilateral trade stood at $119.42 billion compared to $115.42 billion between India and China.
India's exports to US rose to $76.11 billion in 2021-22 from $51.62 billion in 2020-21. At the same time, imports from US to India rose to $43.31 billion from $29 billion in 2020-21.
India's exports to China increased to $21.25 billion in 2021-22 from $21.18 billion in 2020-21. Imports from China to India rose to $94.16 billion from $65.21 billion in 2020-21.
The sharp rise in imports from China continues despite India's perceived push to move away following the Ladakh tension.
Also watch:&nbsp;<a href="https://www.editorji.com/india-news/on-india-trip-bangladesh-minister-says-this-about-china-amid-criticism-of-beijing-over-sri-lanka-crisis-1653738514864" target="_blank">On India trip, Bangladesh minister says this about China, amid criticism of Beijing over Sri Lanka crisis</a>
India has a trade surplus with the US, but a trade deficit with China. This means that India exports more to the US than it imports, but vice versa with China.

Weeks after implementing curbs on wheat exports to ensure food security, the Indian govt now plans to restrict sugar exports to prevent a surge in domestic prices. 
According to reports, the new move to curb sugar export is being seen by some as a new risk to global food prices.
News agency Reuters has reported that it could potentially cap this season's exports at 10 million tonnes.
This would be the first such restriction in six years. India is the world's biggest sugar producer and the secondbiggest exporter behind Brazil.
The major importing countries are Indonesia, Afghanistan, Bangladesh, Malaysia, Sri Lanka, the UAE and African countries.
The average retail price of sugar in is about Rs 41.50 per kg in India and is likely to remain in the range of Rs 40-43 per kg in the coming months.
Domestic status
Sugar exports rose by 64 per cent to 71 lakh tonnes during the October 2021-April 2022 period on better demand for the Indian sweetener in global markets, according to a statement by the industry body Indian Sugar Mills Association (ISMA) on May 19. It added that 43.19 lakh tonnes of sugar were exported during the corresponding period of the last year.

 Sugar next on export watchlist after wheat 

Weeks after implementing curbs on wheat exports to ensure food security, the Indian govt now plans to restrict sugar exports. 

Here's the reason 

India is the world's biggest sugar producer and the second-biggest exporter after Brazil&nbsp;

Weeks after&nbsp;implementing curbs on wheat exports to ensure food security, the Indian govt now plans to restrict&nbsp;sugar exports to prevent a surge in domestic prices.&nbsp;
According to reports, the new move to curb sugar export is being seen by some as a new risk to global food prices.
News agency Reuters has reported that it could potentially cap this season's exports at 10 million tonnes.
Also read/watch| <a title="Sri Lanka crisis continues; petrol at all-time high of ₹420, diesel ₹400 per ltr" href="https://www.editorji.com/business-news/sri-lanka-crisis-continues-petrol-at-all-time-high-of-420-diesel-400-per-ltr-1653384268341">Sri Lanka crisis continues; petrol at all-time high of ₹420, diesel ₹400 per ltr</a>
This would be the first such restriction in six years.&nbsp;India is the world's biggest sugar producer and the second biggest exporter behind Brazil.
The major importing countries are Indonesia, Afghanistan, Bangladesh, Malaysia, Sri Lanka, the UAE and African countries.
The average retail price of sugar in is about Rs 41.50 per kg in India and is likely to remain in the range of Rs 40-43 per kg in the coming months.
Domestic status
Sugar exports rose by 64 per cent to 71 lakh tonnes during the October 2021-April 2022 period on better demand for the Indian sweetener in global markets, according to a statement by the industry body Indian Sugar Mills Association (ISMA) on May 19. It added that 43.19 lakh tonnes of sugar were exported during the corresponding period of the last year.

China's trade data threw up surprises as exports accelerated and imports slowed for the month of June.&nbsp;Exports climbed 32.2% in dollar terms in June from a year earlier as per data released by the Chinese government, while import growth slowed to 36.7%.Pandemic has pushed demand for Chinese made 'Work From Home' products across the globe pushing the exports higher for the mainland. The boost has led to a trade surplus of $51.53 billion for the month of June.&nbsp;Read/Watch Also: China infuses 1 trillian yuan to boost economy

Made in China tag still ruling the globe, China trade data shows surge in exports

Move aside trade wars, Made in China tag still ruling the globe shows the latest export data from China.&nbsp;

China trade data 

China&rsquo;s exports to the United States grew 31.7% in yuan terms in the first half of 2021, while imports grew 43.9%

China's trade data threw up surprises as exports accelerated and imports slowed for the month of June.&nbsp;Exports climbed 32.2% in dollar terms in June from a year earlier as per data released by the Chinese government, while import growth slowed to 36.7%. Pandemic has pushed demand for Chinese made 'Work From Home' products across the globe pushing the exports higher for the mainland. The boost has led to a trade surplus of $51.53 billion for the month of June.&nbsp; Read/Watch Also: <a href="https://www.edtr.ai/9t3x">China infuses 1 trillian yuan to boost economy</a>

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