The IWAI successfully began dredging in the Neamati-Kamalabari channel to resume ferry services. Using CSD Alakananda and Tug Boat Khudiram Bose, they removed silt to reclaim 2 meters of depth. Ferry services between Majuli and Jorhat, which were disrupted, are now functional again, ensuring seamless connectivity for citizens.
Assam: Ferry services resume between Neamati – Kamalabari channel
India, Saudi discuss ways to increase cooperation in fertilizers, petrochemicals, mining sectors
6 months ago
India and Saudi Arabia explored enhancing cooperation in fertilizers, petrochemicals, and mining to boost trade and investments during meetings between Commerce and Industry Minister Piyush Goyal and Saudi Minister Bandar bin Ibrahim Alkhorayef. The bilateral trade stands at $43 billion in 2023-24, with Indian companies investing significantly in Saudi Arabia.
India’s Commerce Minister Piyush Goyal stated that the country does not view US-China tensions as beneficial. He emphasised India’s self-reliance, democratic strengths, and young population. Goyal also highlighted the role of diplomacy in resolving global issues and discussed opportunities for collaboration in various sectors with Saudi Arabian and international business leaders during the Future Investment […]
India not looking at US-China tension as source of benefit, aims to thrive on own strength: Piyush Goyal
6 months ago
India is leveraging its democratic institutions, rule of law, and youth talent rather than seeking advantage from US-China trade tensions, Commerce and Industry Minister Piyush Goyal stated. He emphasized India’s focus on self-reliance and diplomacy for economic and trade dispute resolutions, highlighting its growing global ties.
India’s gold imports increased by 21.78% to USD 27 billion in April-September 2023-24 due to strong domestic demand, influencing the current account deficit. Silver imports also surged significantly, rising 376.41% to USD 2.3 billion, contributing to a trade deficit of USD 137.44 billion.
BRICS+ group, which includes countries like Brazil, Russia, India, China, South Africa and newly joined members, is rapidly increasing its share in global merchandise exports and imports. EY India predicts that BRICS+ is expected to overshadow the G7 nations in global exports by 2026 due to current trends and new members potentially joining the group.
The World Trade Organization’s dispute settlement body has agreed to another deferral on India’s import duties ruling, pushed to April 25 next year. This gives India and Taiwan more time to resolve the dispute on duties levied on information and technology products. If talks fail, Taiwan might adopt the panel filings, and India could approach […]
Spanish President Pedro Sanchez emphasizes the significant potential for a stronger EU-India partnership, focusing on advancing the EU-India FTA negotiations. He highlights Spain’s investments, renewable energy expertise, and transportation systems as key contributions to India’s infrastructure and green energy goals, promoting mutual economic growth.
Ethanol production increase in India for 2024/25 will reduce domestic sugar availability and halt exports, as 5 million metric tons of sucrose are diverted to ethanol. Net sugar production is forecasted at 27.5 million tons against a domestic consumption of 29.5 million tons, causing reduced stock levels.
Union Minister Sarbananda Sonowal reviewed projects at Pandu Port Complex, including the region’s first ship repair facility and an elevated road corridor. The government is investing Rs 645 crores in developing infrastructure along the Brahmaputra. These projects aim to boost river tourism, public transportation, and cargo movement in Northeast India.