Customs duty compliance just got simpler! The CBIC has merged 31 old notifications into one, making it easier for businesses to navigate exemptions and benefits. This move streamlines procedures, clarifies agriculture infrastructure development cess rates for key goods, and expands eligible agencies for duty-free precious metal imports. It’s a significant step towards improving the ease […]
New CBIC norm eases compliance for importers and customs officials alike
India’s third-party logistic market hits $36 billion
8 months ago
The market is estimated at around $36 billion in 2025, with projections ranging between $48 billion and $73 billion by 2030, growing annually at a 6–14% CAGR.
Urals freight rates to India accelerate in October amid high exports, tighter sanctions, sources say
8 months ago
In October, the shipping costs for Urals crude from Russia to India escalated sharply, propelled by fresh sanctions from the US and EU that have significantly affected Russian oil producers and transportation. While export volumes remained robust, driving freight rates higher, Greek shipowners have begun scaling back their involvement in the market.
India is gearing up to enhance its rice export strategy, reaching out to 26 different countries. The upcoming Bharat International Rice Conference 2025 will focus on penetrating fresh markets while striving to eliminate imports worth ₹1.8 lakh crore. This event promises to exhibit innovative AI-driven grading methods for rice.
The United States and India are nearing the completion of an innovative bilateral trade pact. As both countries engage in constructive dialogues, they’re discovering shared interests. This agreement departs from traditional free trade formats. President Trump recently held a conversation with Prime Minister Modi focused on this partnership.
In a pivotal diplomatic engagement, Indian Ambassador Vinay Mohan Kwatra sat down with US Senator Bill Hagerty to deliberate on a promising trade agreement and collaborative efforts in the Indo-Pacific. As discussions around the trade deal approach a fruitful conclusion, both delegations expressed enthusiasm for enhancing hydrocarbon trade.
A European Union trade delegation is visiting India soon. The visit aims to finalize a free trade agreement between the EU and India. This agreement is targeted for completion by the end of 2025. Bilateral trade between the EU and India is already substantial. The delegation will meet with various stakeholders to discuss trade relations […]
India, US ‘very near’ to a trade agreement: Official
8 months ago
India and the United States are on the brink of sealing a historic trade deal, with both nations ironing out the final details. With key issues nearly resolved, negotiations are flowing smoothly and without any emerging challenges.
India to tighten Moscow oil tap after US sanctions
8 months ago
Indian refiners are preparing to significantly reduce imports of Russian oil. This comes after the United States imposed sanctions on major Russian oil exporters, Rosneft and Lukoil. The strict enforcement of these sanctions could disrupt global oil markets. This disruption may lead to a substantial reduction in Russian oil supply. Indian refiners and banks are […]
India and Germany held discussions in Berlin to bolster cooperation across trade, investment, technology, green energy, and skilling. Minister Piyush Goyal met with German counterparts, exploring avenues to deepen bilateral economic ties and foster business-to-business linkages, particularly in innovation and advanced manufacturing.