The government has issued a new policy for the export of certain telecom and information security-related items. Under this policy, one-time bulk licenses will be granted for these items under the SCOMET category. Exporters will need to apply for a license through the online SCOMET portal and follow the prescribed format. The policy aims to […]
Govt relaxes export norms for dual-use telecom equipment, information security software
Adani Ports strengthens its dominance with the acquisition of Gopalpur Port, projecting significant growth in cargo handling and revenue. The company’s strategic expansion along the Indian coast and international ambitions position it to rival China’s maritime presence in the region.
This is the second port divestment in recent months by the construction and infrastructural conglomerate, following the earlier sale of Dharamtar Port to JSW Infrastructure Ltd. for an enterprise value of Rs 710 crore, the company said in a statement.
The Goods and Services Tax (GST) authorities have issued notices to around 50 importers of spices, dry fruits, processed food, and poultry for storing products at warehouses different from the actual place of supply. They seek additional tax payments of approximately Rs 1,000 crore. Some importers have also been warned of registration cancellation.
Indian exporters are grappling with tax demands from customs for duty differentials on rice exports, impacting shipments due to new export duties to control domestic rice prices and financial constraints hindering payment.
Hindalco Industries, Shyam Sel & Power Ltd, Shree Venkateshwara Electrocast, Ravi Raj Foils, GLS Foils Product and LSKB Aluminium Foils have filed the application on behalf of the domestic industry seeking the probe.
Soomilduth Bholah, Mauritius’ Minister of Financial Services and Good Governance, recently visited India to encourage Indian investors to utilize Mauritius as a gateway to access emerging African markets. During his ‘India Business Mission’ covering major cities, Bholah emphasized Mauritius’ expertise in African markets and urged Indian companies to set up offices there for operations in […]
India has urged for the prioritization of several key issues in discussions within the World Trade Organization (WTO), including access to finance, manufacturing concentration, food security, and reducing transaction costs in international trade and services. New Delhi emphasized the need to address trade issues that disproportionately affect developing countries, such as access to technology, bridging […]
FIMI urges against export duty on low-grade iron ore to prevent revenue and job loss, impacting GDP and job creation. The mining sector faced issues with the duty in May 2022 but was later withdrawn.
UK, Oman trade agreements may figure in commerce ministry’s 100-day agenda for new Govt: official
2 years ago
The exercise assumes significance as while chairing a Cabinet meeting on March 17, Prime Minister Narendra Modi asked the ministers to meet secretaries and other officials of their respective ministries to discuss how the agenda for the first 100 days and the next five years can be better implemented.