The government has provided a one-time exemption from the export ban to Patanjali Ayurved Limited to ship 20 tonnes of non-basmati white rice as a donation to Nepal for earthquake victims. India, had in July, banned the export of non-basmati white rice to boost domestic supply but allowed exports on the basis of permission granted […]
One time nod to Patanjali Ayurved to ship 20 MT non-basmati rice as donation to Nepal
India’s palm oil and sunflower oil imports reached record highs in 2022/23 due to a rebound in consumption and a steep discount compared to rival soyoil. The country’s largest importer of vegetable oils, India, bought palm oil mainly from Indonesia, Malaysia, and Thailand, while soyoil imports fell 12% to 3.68 million tons.
The Indian government has granted a one-time exemption from the export ban to Patanjali Ayurved for shipping 20 tonnes of non-basmati white rice as a donation to Nepal for earthquake victims. Exports of non-basmati white rice were banned in July to boost domestic supply, but are allowed on request and based on permission granted by […]
dani Ports and Special Economic Zone Ltd., seen as the conglomerate’s crown jewel, is eyeing further “opportunities in our neighboring countries,” Karan Adani, the operator’s chief executive officer, told Bloomberg News in the Sri Lankan capital. Those include potential ventures in Bangladesh, as well as East African and Southeast Asian nations, including Tanzania and Vietnam, […]
MV Kindat Pandaw embarks on Brahmaputra odyssey as Assam starts a new age in river cruise tourism
2 years ago
The ship embarks on pristine Brahmaputra odyssey from here on where the rich cultural and social heritage of Assam will be displayed to 31 tourists from Canada, Australia, Switzerland, the USA and the UK. The 21 days international river cruise sojourn is likely to culminate at Pandu in Guwahati.
Gautam Adani, the Chairman of Adani Group, is capitalising on a decline in China’s global ambitions, especially through projects like the Belt and Road Initiative. Adani is competing with China by developing a terminal at Colombo port in Sri Lanka, supported by over half a billion dollars of US investment, as part of India’s strategy […]
Proposed Vadhavan Port of national interest, people must not believe in propaganda, says JNPA chief
2 years ago
The proposed Vadhavan Port in Palghar district, Maharashtra, estimated to cost over Rs 75,000 crore, is expected to significantly impact the region and change lives, according to Sanjay Sethi, Chairperson of Jawaharalal Nehru Port Authority (JNPT). Despite being an important project, it has faced propaganda causing misunderstandings.
The Indian Pulses and Grains Association (IPGA) said that one influential exporter in Mozambique has not been allowing other exporters to ship tur to India, thereby driving up the prices.
From Russia with love: Corporate bonds may get Vostro funds to boost trade settlement in rupee
2 years ago
Earlier this year, Russian officials said that Moscow had accumulated billions of rupees in Indian banks that couldn’t be used. Industry estimates peg this amount at $7-8 billion. Until July 2, the RBI had approved 34 applications from different Russian banks for opening SRVAs in 14 Indian commercial lenders.
Commerce ministry panel reviewing guidelines for elections of EPCs, FIEO to submit report by month end
2 years ago
The commerce ministry’s committee which is reviewing eligibility criteria for election of office bearers of export promotion councils (EPCs) and apex exporters body FIEO is likely to submit its report by the end of November. The committee is expected to submit its report by the end of this month. Exporters have urged the ministry for […]