TDB Top Vol.3 Issue 170 Sunday, August 20, 2017 For subscribers only

7.88 Lakh, Foreign Tourist Arrivals (FTAs) in India in July 2017, a growth of 7.4% compared to same month last year
13.65% Growth in vegetable oil imports in July 2017, compared to the same month in 2016, as per Ministry of Commerce, GoI

News update

Trump disbands two business advisory councils after CEOs resign

Till now 11 CEOs have resigned and more were likely to follow.

The Dollar Business Bureau

After the CEOs of Manufacturing Advisory Council and the Strategic and Policy Forum resigned, Donald Trump, disbanded both the business councils on Thursday.

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India’s food grain output to record 275.68 MT in 2016-17

The previous record of food grain production was 265.04 MT in 2013-14.

The Dollar Business Bureau

With good monsoon rains and various policy initiatives by the Government, India’s overall production of food grain to be increased by 2.3 million tonne to an all-time high of 275.68 million tonnes in the crop year 2016-17, according to the fourth advance estimates released by the Agriculture Ministry on Wednesday.

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Buying of American crude could boost India-US oil trade to $2 bn

IOC and BPCL placed orders for over 4 million barrels of American crude.

The Dollar Business Bureau

With the first shipment of two million barrels of US crude oil, costing about $100 million, expected to reach India by the end of September and the volume of crude oil that India could buy in the future, it is very likely that the bilateral oil trade between the two countries could increase to $2 billion.

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Japan’s exports rise 13% to $59 billion in July

Japan’s oil imports jumped 26% year-on-year to 1.2 trillion yen ($11 bn).

The Dollar Business Bureau

Japan's exports increased at a fast pace in July, indicating a revival in demand from China, the US and Southeast Asia, though the prices rose faster compared to the volumes for several products. Exports rose over 13% in July to 6.5 trillion yen ($59 billion) compared to a year earlier, according to a data released on Thursday.

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Indian government to probe rules for safeguard against South Korean imports

Imports of gold have seen a major high touching $338.6 mn between July, Aug

The Dollar Business Bureau

The Indian government is planning to bring out a set of procedures to begin investigating the imposition of safeguard duty against imports from South Korea.

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Circulars & Notifications

Exchange Rates w.e.f. 18/8/2017 Notification No.81/2017 Dated 17th August, 2017 | Copy of | Notification NO.81/2017 | In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of ... Read more

Drawback on Gold Jewellery Silver Jewellery and Silver Articles Dated 17th August, 2017 | Copy of | Notification NO.79/2017 | In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962) and ... Read more

Customs Tariff Act, 1975 subject to specified conditions No.72/2017 Dated 16th August, 2017 | Copy of | Notification NO.72/2017 | In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and ... Read more



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