Commerce secretary Sunil Barthwal met shipping companies and exporters on Thursday to take stock of the situation as shipping giant Maersk decided to suspend all transits through the Red Sea/Gulf of Aden until further notice due to fresh attacks by Yemen-based Houthi rebels.
Red Sea crisis impacts India’s exports on higher shipping, insurance costs
The Appointments Committee of the Cabinet (ACC) on Friday approved the appointment of Pandian, a 2002 IAS officer of the Uttar Pradesh cadre, for three years from the date of assumption of charge. Pandian is currently posted as commissioner, excise in Uttar Pradesh. His appointment comes at a time when the world is witnessing inflation, […]
India’s Commerce Secretary, Sunil Barthwal, has said that countries negotiating free trade agreements (FTAs) with India are looking to gain a greater share in the country’s rapidly growing automobile sector. The industry has strengthened in various areas, including auto-grade steel, components, and tires, and is now shifting from conventional internal combustion engines to electric vehicle […]
As sugar prices started to rise due to estimates of lower production of sugarcane in Maharashtra and Karnataka, the Centre capped diversion of sugarcane juice for ethanol at 1.7 million tonnes in the ethanol supply year of November-October 2024. Sugar production till end of December in the current sugar season (2023-24) reached 11.18 million tonnes […]
Government will soon issue 65 quality control orders (QCOs) which will cover over 500 products to contain imports of sub-standard goods and boost domestic manufacturing. Under these orders, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. Violation of the law can attract a penalty […]
India has the potential to become the world’s largest gems and jewellery exporter, says Piyush Goyal
2 years ago
Goyal said massive investments are being made to create a world-class infrastructure, including the 20-acre India Jewellery Park in Navi Mumbai and a common facility centre in SEEPZ Mumbai with modern machinery and equipment. The infrastructure impetus can empower micro, small and medium enterprises in the gems and jewellery industry to build global competitiveness and […]
The consortium of government-backed companies would make it easier for steel companies to import coking by reaching out to suppliers in different countries, negotiating prices and other terms of import deals, and eventually selling the imported raw material to local steel mills, the sources said.
Bharat Park to be set up in UAE: Piyush Goyal
2 years ago
Expressing concern on Free Trade Agreements (FTAs) with Japan, Australia, UAE, and South Korea, the minister said that utilisation of benefits are very poor in India. He also said that Bureau of Indian Standards (BIS) will spend Rs. 40 crore for setting up 21 testing laboratories across the country.
Adani Ports and Special Economic Zone Limited has re-designated Gautam Adani and Karan Adani as Executive Chairman and Whole-Time Director & CEO, respectively, effective January 4. Ashwani Gupta will be appointed as Chief Executive Officer and Whole-Time Director for three years.
”Guidelines for the green transition of inland waterway vessels will be introduced during the first meeting of the Inland Waterway Development Council (IWDC). The initial target is to support transition of 1,000 vessels, ferries and boats over the next 10 years under the programme,” Minister Sonowal said. This first IWDC is scheduled for January 8.