Tur prices have stabilised following the recent government measure of tightening the stock limit on traders and processors. “However, the prices of African tur, which have declined by 5%, could have reduced by another 10% if the imports had been smooth,” said a pulse importer from Maharashtra.
Indian importers allege tur dal cargo held ransom at Mozambique ports
Commerce and industry minister, Piyush Goyal, will chair a meeting next week to discuss the closure of three state-owned companies: Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC), and Project & Equipment Corporation of India. These companies were denotified as nominated agencies for imports and exports of goods. A decision on […]
As the primary source of commercial energy in India, coal accounts for half of our energy consumption and remains the dominant fuel for power generation due to its reliability compared to other renewable energy sources, the coal ministry said in a statement.
The Global Trade Research Initiative (GTRI) said this FTA marks a transformative shift in India’s approach to trade, moving its focus from the east to the west, and broadening its scope to include non-trade matters such as environment, labour, gender, digital trade, and data governance.
The Adani Group’s new port in Vizhinjam, Kerala, which was constructed as a public-private partnership, has garnered praise and celebration from opposition parties. This is unusual given that the Adani Group has faced criticism and controversy in recent years. The port, strategically located between the Suez Canal and the Strait of Malacca, is expected to […]
At a meeting of the committee on market access at the World Trade Organization (WTO), the US said the measure prompts its firms to think twice about doing business in India and it would impact its exports while China and Taiwan sought the purpose of this policy.
The future of China’s Belt and Road Initiative (BRI) looks uncertain as momentum for the project has tapered off in recent years. China’s overall activity in BRI countries is down about 40% from its 2018 peak, and the project faces accusations of being an irresponsible lender. The COVID-19 pandemic has further slowed down the initiative, […]
India is boycotting China’s Belt and Road Initiative summit for the third time, citing concerns over sovereignty issues and the financial viability of Beijing’s projects. The two-day summit is being held amid criticism that the loans for unsustainable projects have led to debt traps for smaller countries. India has been critical of the China-Pakistan Economic […]
In 2022-23, India’s merchandise exports to the UK were valued at USD 11.41 billion and out of this, USD 6 billion worth of goods such as petroleum products, medicines, diamonds, machine parts, airplanes, and wooden furniture entered Britain at zero levy, it said.
Adani Ports confident of making $650 million foreign currency bond prepayments by Feb: Karan Adani
2 years ago
Adani Ports & SEZ CEO, Karan Adani, has expressed confidence in repaying the $650 million of foreign currency bonds that are due in February 2024. Adani stated that the company has already prepaid $120 million and plans to prepay the remaining balance by January-February 2024, as part of its commitment to maintain a net debt-equity […]