In July 2023, the government had prohibited the export of non-basmati white rice but it had said exports would be allowed on the basis of permission granted to other countries to meet their food security needs and based on requests from those countries.
Govt allows 1,000 MT non-basmati white rice export to Namibia
Maldives President Mohamed Muizzu expressed gratitude to India for supporting the island nation in easing its debt repayment. He emphasized hopes for stronger ties with New Delhi, including a potential free trade agreement. During his Independence Day address, Muizzu highlighted diplomatic successes, ongoing currency swap negotiations, and the need for economic sovereignty. Despite past tensions […]
Commerce Secretary Sunil Barthwal held bilateral meetings with Russian and UAE ministers to discuss bilateral trade issues for their early resolution, an official said on Sunday. Barthwal held these meetings on the sidelines of the 14th BRICS (Brazil, Russia, India, China and South Africa) Trade Ministers’ meeting in Moscow on July 26.
REC Ltd looking at financing overseas projects, submitted application for subsidiary at GIFT City
1 year ago
REC Limited, a ‘Maharatna’ company under the Ministry of Power, has applied to open a subsidiary in Gujarat’s GIFT City to begin financing offshore projects. CMD Vivek Kumar Dewangan announced plans to start offshore financing this financial year. REC reported a 19% increase in revenue to Rs 13,023 crore and a 16% rise in net […]
Commerce Secretary Sunil Barthwal emphasised the need for strengthening the multilateral trading system with the WTO, the Ministry of Commerce and Industry said in an official release on Sunday.
The two nations had earlier been given time until September 19, 2023, then December 18, 2023 and then April 26, 2024 to resolve the dispute regarding New Delhi’s import duties on certain IT products. The two sides are currently engaged in resolving the dispute mutually. They had sought more time from the DSB to consider […]
G20 Sherpa Amitabh Kant has urged for a long-term predictability and consistency policy for the sugar sector, which he believes is crucial for India’s development as a developed economy by 2047. The sector contributes 1.1% to India’s GDP and plays a key role in reducing crude import bills, energy transition, circular economy, and achieving net […]
Since the UAE-India CEPA began in 2022, trade between the two nations grew by 16.41% from $72.87 billion to $84.84 billion. This cooperation boosted sectors like startups, food security, and renewable energy investments. Minister Al Marri highlighted the growth in sectors like gems, pharmaceuticals, and green energy. Approximately 11,000 new Indian companies registered in the […]
The global shipping industry faced significant challenges, with spot freight rates increasing by around 105% in three months. Companies like Bajaj Auto and CEAT experienced disruptions similar to the pandemic era, highlighting severe container shortages affecting various sectors, including agriculture and automotive.
Ministry of Ports, Shipping and Waterways has received 29 new proposals worth Rs 3,300 crore from Andhra Pradesh covering various projects, including port development and coastal berths, Parliament was informed on Friday. These projects include Ro-Pax and passenger jetties, fishing harbours, port modernisation, and skill development. The ministry has already sanctioned Rs 450 crore for […]