India seeks critical mineral agreement with US, hopes for a trade pact, Piyush Goyal says

1 year ago

India’s trade minister, Piyush Goyal, announced that the country is seeking a critical mineral partnership agreement with the United States, hoping it could lead to a broader Free Trade Agreement (FTA). This follows an initial pact signed earlier this month to enhance cooperation on lithium, cobalt, and other critical minerals essential for electric vehicles and […]

UK’s ex-minister reveals why she blocked India-UK FTA deal

1 year ago

Kemi Badenoch, former UK business secretary and contender for Conservative Party leader, claims she blocked India-UK FTA due to visa demands. However, ex-ministers and sources dispute her narrative, asserting she sought a deal despite immigration concerns. Talks may resume under Labour government.

Cochin Shipyard offer for sale gets enthusiastic response from retail investors: DIPAM Secretary

1 year ago

The two-day Offer for Sale (OFS) by Cochin Shipyard Limited (CSL) attracted strong interest, particularly from retail investors. The government divested 5 percent of its stake, including a green shoe option. The enthusiastic response from both non-retail and retail investors underscored confidence in CSL’s future prospects and contributed to the government’s divestment goals.

At WTO, India breathes fire over Dragon’s trade policies

1 year ago

India raises concerns at the WTO over China’s non-transparent subsidies, trade barriers affecting pharma, shrimp, and bovine exports, and export controls on critical materials. India seeks clarity on trade practices and consistency with global norms to address the $85.07 billion trade deficit and market access restrictions.

India plans laptop import curbs to boost Apple and others’ local production, sources say

1 year ago

India plans to impose import restrictions on laptops, tablets, and PCs post-January to encourage domestic manufacturing by companies like Apple. This move aims to mitigate reliance on imports, particularly from China. The Ministry of Electronics and Information Technology is devising a new import authorization system to enforce these restrictions.

Plan in works to merge coastal shipping with inland waterways

1 year ago

Under the new bill, Indian ships will not require separate licences. It will be presumed that they have got approvals when the vessel is registered, Kumar said. It is expected that these changes will enable concerted regulation of trade activities, particularly by foreign flag vessels in India’s coastal waters, including in the country’s exclusive economic […]

Cargo volume at 12 major ports rises 5% to 413.747 MMT in September: Ports ministry

1 year ago

Cargo volume at 12 major ports in India increased by 5.03 percent to 413.747 million metric tonnes in September. The Ministry of Ports, Shipping and Waterways held a meeting to discuss a State Ranking Framework and Port Ranking System. Several issues were resolved and new challenges like Places of Refuge for distressed ships and Radioactive […]

India extends first-ever rupee-denominated line of credit; Mauritius gets Rs 487 crore

1 year ago

India has provided a Rs 487.60 crore credit line to Mauritius for replacing 100 km of outdated water pipelines. This marks the first rupee-denominated credit under India’s IDEAS scheme. The project underscores India’s commitment to socio-economic development in the Global South.

Oil and gas import bill rises 20% to $69b in H1 of FY25

1 year ago

India’s net oil and gas import bill rose by 20% to $69 billion in the first half of the fiscal year due to rising consumption and stagnant domestic production. Crude oil imports increased to $71.3 billion, while LNG imports jumped 18%. This rise in import costs was exacerbated by a decline in refined product exports.

India-Canada rift: Industry sees no effect on pulses prices

1 year ago

The worsening diplomatic ties between India and Canada, the previous year’s largest pulse supplier, are unlikely to increase pulse prices for Indian consumers. Adequate imported stocks, higher domestic production, and alternative sources from Russia and Australia are expected to maintain stable prices.

India seeks critical mineral agreement with US, hopes for a trade pact, Piyush Goyal says

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