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In the year 2024–2025, gold and its finished items (HS code 71) were the second-largest traded items with 55.846 billion US$ worth imports and 41.692 billion US$ worth re-exports after value addition, and a significant amount of this Gold is being imported from Japan as Gold Chemical Compounds to save duty and import tax free under India ...
ASEAN-India Trade in Goods Agreement: CECA ASEAN: 13 August 2009 1 January 2010 [7] ASEAN-India Trade in Services Agreement: November 2014 1 July 2015 [7] [19] ASEAN-India Investment Agreement: November 2014 1 July 2015 [7] [19] Global System of Trade Preferences (GSTP) PTA 41 countries 13 April 1988 19 April 1989 India Mercosur Preferential ...
The India–United Kingdom free trade agreement is a proposed free trade agreement which began negotiations in January 2022. [1] When completed it will be the first comprehensive free trade agreement that India has signed with a European country; it is expected be the third trade agreement signed by Britain since leaving the European Union negotiated completely anew.
Parliament usually convenes three times a year, with the budget session in beginning of calendar year, the monsoon session during the mid-year and the winter session at the end of calendar year. [ 2 ] [ 3 ] The government can call additional sessions besides these; the Cabinet Committee on Parliamentary Affairs decides on calling special sessions.
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
These two goods are constituting 53% total imports, 34% total exports and nearly 100% of total trade deficit (136 billion US$) of India in the financial year 2013–14. [2] The services trade (exports and imports) are not part of commodities trade. The trade surplus in services trade is US$70 billion in the year 2017–18. [3]
Foreign exchange reserves facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. [2] India's total foreign exchange (forex) reserves stand at around US$704.89 billion on 27 September 2024, with the foreign currency assets (FCA) component at around US$616 billion, gold reserves ...
12 June – The Indian external affairs ministry issues a notice urging the Russian Government to quickly return all Indian nationals who are serving in the Russian army after two Indians recruited are killed in the war with Ukraine. [91] 14 June – 2024 Northeast India floods: Heavy rains and landslides kill six people across Sikkim. [92]