The Indian high commission in Maputo has issued a press release to inform all exporters of tur/arhar dal in Mozambique that they can export it to India under ‘free category’ without any upper limit on quantities and without import duty till March 31, 2024.
No restriction on Tur imports from Mozambique: Government
Ahead of a key ministerial conference of the World Trade Organization (WTO) early next year, commerce and industry minister Piyush Goyal cautioned emerging markets, developing countries and the least developed countries of the developed countries’ “game of dividing” them to get agreements on fisheries and e-commerce moratorium that address the needs of a few countries […]
The ship management sector in India is poised for a compounded annual growth rate of over six per cent in the next few years, an official of the Hong Kong-headquartered Anglo-Eastern Group said. The growth of the sector would boost employment opportunities for Indian seafarers, its CEO Captain Bjorn Hojgaard said.
Porter announces leadership restructuring
2 years ago
On-demand logistics firm Porter has restructured its key leadership as it embarks on the next phase of growth, appointing co-founder Uttam Digga as CEO, Pranav Goel as executive vice chairman and Shruti Ranjan Satpathy as chief product and technology officer. One of India’s leading logistics firms, Porter will continue to deliver reliable and cost-effective, tech-enabled […]
Russian wheat may shore up domestic stock
2 years ago
Prices have risen as the government has imposed stockholding limits and sold the grain in the open market to traders amid concerns about a shortfall in domestic production.
The Reserve Bank of India (RBI) has approved 34 applications from different Russian banks for opening special rupee vostro accounts in 14 Indian commercial lenders as of July 2, Parliament was informed on Wednesday. India’s trade with Russia has been affected by difficulties in payment due to western countries’ sanctions on major Russian banks, Minister […]
India’s July edible oil imports at record high
2 years ago
India’s edible oil imports hit a new record of 1.76 million metric tonnes in July, as refiners stockpiled ahead of upcoming festivals amid concerns over supplies from the Black Sea region. Higher imports could reduce sunflower oil stocks in other countries and also support benchmark futures for palm and soyoil. India’s monthly average edible oil […]
India and the UK are close to finalizing a free trade agreement (FTA), with the 12th round of talks set to take place in August. The talks are expected to cover issues such as investment, reduced duties on autos and whiskey, and trade in services. Of the 26 chapters in the proposed FTA, 19 have […]
Rice exporters have approached the commerce ministry over the ban on the export of non-basmati rice, saying that many of them have letters of credit from foreign buyers and if they do not fulfil the contracts, they could face international arbitration. Failing to fulfil export commitments could also hurt India’s image in the global markets, […]