Garden Reach Shipbuilders & Engineers (GRSE) has commenced construction of 13 hybrid ferries for West Bengal, set to revolutionize Kolkata’s river transport. These eco-friendly vessels, including double and single-deck options, will operate on the River Hooghly, replacing older diesel ferries.
GRSE begins building 13 all-weather hybrid ferries for Kolkata’s Hooghly route
India and Chile conclude first round of FTA talks
5 months ago
India and Chile have successfully completed the initial round of negotiations for a comprehensive bilateral free trade agreement, according to the Department of Commerce. Building upon their existing preferential trade agreement established in 2006, the two nations are now working towards a broader economic partnership. The proposed agreement aims to encompass sectors like digital services, […]
Edible oil duty halved to tame inflation
5 months ago
In a significant move, India has reduced the basic customs duty on crude palm oil, soybean oil, and sunflower oil. The duty is now 10%, a decrease from the previous 20%. This change, effective May 31, aims to boost domestic supply. The government hopes to control food inflation by lowering edible oil prices.
India has prolonged the duty-free import period for yellow peas until March 31, 2026, effective immediately. This decision, outlined in a recent government order, grants traders an extended window for duty-free imports. As the world’s largest importer of yellow peas, primarily from Canada and Russia, this extension provides significant relief to traders.
‘Not in it to enrich ourselves, we are in it to enrich both peoples’: NZ FM on FTA negotiations
5 months ago
New Zealand’s Foreign Minister Winston Peters highlighted the “breakthrough” in India-New Zealand economic relations with the launch of free trade agreement negotiations. He acknowledged India’s dairy industry concerns, emphasizing New Zealand’s potential to enhance India’s dairy productivity through improved practices.
Govt slashes import tax on edible oil by 10%
5 months ago
To ease domestic prices, the Indian government has reduced the basic import tax on crude edible oils, effective from May 30. This decision comes as India relies heavily on imports to meet over 70% of its vegetable oil demand, sourcing palm oil from Southeast Asia and soyoil and sunflower oil from South America, Russia, and […]
Noida International Airport has partnered with Uber to provide seamless mobility solutions for passengers directly from the airport. Uber will operate dedicated pick-up zones, offer on-ground assistance, and provide exclusive parking for drivers. This collaboration ensures convenient, reliable, and safe last-mile transport options with real-time ride tracking and cashless payments.
What’s in store for retailers? Aggressive expansion
5 months ago
Indian retailers are strategically expanding after closing underperforming stores. Reliance Retail, Arvind Fashions, and Aditya Birla Fashion plan new, larger outlets. They focus on profitability and avoid past mistakes. Arvind will increase retail space. Aditya Birla Fashion plans many new brand and Pantaloon stores. Retailers are now prioritizing sustainable growth and careful property selection. Spencer’s […]
Govt sets a cool exports target for AC makers
5 months ago
The government is pushing air conditioner manufacturers to significantly increase exports. This follows the Production Linked Incentive scheme. The goal is to make India a major AC exporter, competing with China and Thailand. India aims to export 15-16 million AC units in four years. Currently, exports are around 2 million units. The government is seeking […]
India reviews impact of US court order on tariffs
5 months ago
The Court of International Trade found the US President oversteppingd his authority by imposing across-the-board duties on imports from trading partners. The order has come amid India and the US expected to agree on an interim trade agreement by the end of June, with New Delhi pushing for full exemption from the 26% reciprocal tariff.