Sonowal said measures like guaranteed berths to cruise ships encourage cruise operations. Volume discounts in cruise tariff up to 30% for domestic cruise ships and licensee fee waivers for foreign cruise vessels have already improved prospects. “As a result of these initiatives, from 102 cruise calls and 84,000 passengers handled in 2013-14, we went up […]
Government to soon unveil cruise promotion policy: Sarbananda Sonowal
FM Nirmala Sitharaman appreciates SBI for successfully launching direct Lankan-Indian Rupee trade
2 years ago
India’s Finance Minister, Nirmala Sitharaman, has praised the State Bank of India (SBI) for launching a direct Sri Lankan Rupee-Indian Rupee trade, making it the first foreign bank in Sri Lanka to do so. Sitharaman inaugurated the second SBI branch in Jaffna during her official visit to Sri Lanka. The initiative aims to provide an […]
Janet Yellen said that she along with President Biden will head Asia-Pacific Economic Cooperation (APEC) Leaders’ Week later this month in California.
On an official mission to India, Minister of Agriculture and Livestock, Carlos Fávaro, seeks to strengthen diplomatic relations and enhance ties of friendship between the countries through commercial and cooperation opportunities in the agricultural sector.
India’s edible oil imports in October plummeted to their lowest level in 16 months, primarily due to increased stock levels, which prompted refiners to reduce their purchases of palm oil, soyoil, and sunflower oil. This drop in imports, by the world’s largest vegetable oil buyer, may lead to surplus palm oil stocks in key producer […]
India and Sri Lanka have resumed negotiations for the Economic and Technology Cooperation Agreement (ECTA) after a five-year hiatus. The 12th round of talks took place in Sri Lanka from October 30 to November 1, following 11 rounds held between 2016 and 2018. During this latest round, both sides reviewed progress and resolved nine issues.
The decline in services imports persisted throughout all three months of the September quarter. However, there was a silver lining in the fact that services exports had seen an increase during July and August.
India’s oil imports from Russia fall in October
2 years ago
India’s imports of Russian oil eased in October as global oil prices rose, narrowing the discounts that had made Russian oil attractive. Preliminary data from Kpler and Vortexa showed a 12% and 8% decline in India’s monthly intake of Russian oil in October. Despite this decline, it is expected that India’s oil imports from Russia […]
India has called for the start of formal negotiations by WTO members to reform the dispute settlement body of the World Trade Organisation (WTO). These negotiations are essential as informal deliberations are preventing several nations from participating in the talks. The formal talks aim to arrive at a consensus by the 13th ministerial conference of […]
Drugs worth USD 650 bn trafficked globally; need insight sharing on emerging trends: CBIC
2 years ago
“The undercurrent of illegal trade in narcotics remains strong. Global drug trafficking is estimated to be worth USD 650 billion, contributing 30 per cent of the overall illicit economy. It is having a devastating impact…,” said the chief of the Central Board of Indirect Taxes and Customs (CBIC).