State Bank of India is set to enable trade settlements between India and Israel using Indian rupees. This move supports India’s goal to boost the rupee’s global use and reduce dollar reliance. SBI’s Tel Aviv branch is ready for these transactions, allowing Israeli businesses to pay and receive rupees.
SBI bets on rupee trade to deepen India–Israel economic ties
US President Donald Trump said Washington could raise tariffs on Indian goods if New Delhi does not address US concerns over India’s purchases of Russian oil. India became the largest buyer of discounted Russian seaborne crude after the Ukraine war began in 2022, drawing criticism from Western nations that say the trade supports Moscow’s war […]
India’s traditional medicine system, AYUSH, has achieved formal recognition in bilateral trade agreements with Oman and New Zealand. These agreements, finalized last December, include dedicated sections for health services and traditional medicine. AYUSH and herbal product exports saw a growth of 6.11 percent, reaching USD 688.89 million in 2024-25 from USD 649.2 million in 2023-24.
India is unlikely to face any economic or energy fallout from the Venezuela crisis as its trade links with the country have already shrunk sharply due to US sanctions, according to think tank Global Trade Research Initiative. GTRI said India’s oil imports from Venezuela have fallen steeply since 2019, when sanctions forced refiners and firms […]
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India is pushing Russia to remove trade hurdles for its electronics, engineering goods, food, and fisheries. This move aims to unlock billions of roubles stuck in Russian banks due to oil imports. Indian exporters face challenges with Russian standards and software requirements.
India announces ₹7,295 crore export credit support package to ease financing for exporters
3 weeks ago
India has launched a significant export support package worth ₹7,295 crore. This initiative aims to make trade finance faster and cheaper for exporters. The package includes an interest subvention scheme and collateral support. These measures will be implemented over six years, starting from 2025. The goal is to boost India’s exports by addressing critical trade […]
The government has unveiled a Rs 7,295-crore export support package, including a Rs 5,181-crore interest subvention scheme and Rs 2,114-crore collateral support, to enhance exporters’ access to credit. These initiatives, spanning 2025-31, aim to address trade finance challenges, offering subsidies and guarantees to eligible MSMEs, particularly for defence and SCOMET products.
The Central Information Commission has upheld the denial of exporter-wise details for limestone sold to Bangladesh. This information is protected under the commercial confidence clause. The commission stated that releasing such data could harm exporters’ competitive positions. No overriding public interest was found to justify disclosure.
A major trade deal between India and the United Kingdom is set for implementation in early 2026. This agreement aims to significantly boost trade between the two nations. Indian exporters will gain duty-free access to the UK market for most products.