According to the centre, average container turnaround time reached less than a day in 2023-24 which is better than USA (1.5 days), Australia (1.7 days), Singapore (1.0 days). The improvement is on the back of investments in cargo handling equipment on berths and better supply chain visibility due to digitalization, officials said.
Major Indian ports bettered efficiency and earnings in 2023-24
Indian exporters seek priority shipment for MSMEs at Delhi Airport due to delays caused by Bangladesh transhipment, leading to quadrupled air freight costs. Requests made to suspend transshipment facility for Bangladesh cargo.
In December last year, the government allowed duty-free imports of yellow peas until March 2024 which was extended till April and then June.
India emphasizes reinvigorating WTO discussions on development for tangible progress, highlighting finance, technology, and food security. Marrakesh Agreement crucial. Proposed thematic sessions to address developmental needs.
The conversion of a crude oil tanker to carry clean products enabled Petrobras to ship bigger volumes of diesel from Asia at lower costs, with Asian sellers also seeking demand outlets outside this region, the sources said.
The two countries told the WTO that they estimated that over the period 2018-19 to 2021-22, New Delhi provided sugarcane subsidy between 91-100%, which was “vastly in excess of the limits set out” at 10% of value of food production in the case of India and other developing countries.
India lifted its ban on onion exports after five months due to concerns about farmers’ dissatisfaction, potentially impacting voting in seven Lok Sabha seats in Maharashtra. The government’s decision to lift the ban was prompted by concerns about farmers’ dissatisfaction with the high demand for Indian onions in the international market. The new export policy, […]
India’s exports of diesel and petrol fell by a fifth year-on-year to $33 billion in 2023-24 due to declining international prices. Diesel generated the largest share of export revenues for Indian refiners, accounting for $22 billion of the $48 billion earned by exports of refined fuels. The war in Ukraine and Western sanctions on Russia […]
The exports of rice to Mauritius are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade said in its notification.
According to S&P Global Commodity Insights, India, the world’s largest rice exporter, implemented export restrictions, including banning broken rice exports and imposing additional duties on non-basmati white rice outflows in August 2022.