The government on Wednesday imposed restrictions on imports of certain gold jewellery and articles. In a notification, the directorate general of foreign trade (DGFT) amended the import policy for unstudded jewellery made of gold, and other articles made of gold to “restricted” from “free”.
Govt restricts imports of some gold jewellery, articles
The import of potatoes in India from Bhutan will continue without any import license for another year. A similar exemption has also been made for areca nut export. Earlier, the Indian government had given import exemption for potatoes from Bhutan for a year, which ended on June 30.
Secretary (Consular, Passport & Visa and Overseas Indian Affairs) in the Ministry of External Affairs Ausaf Sayeed also shared that India is in discussion with its bilateral partners with regard to alternate payment mechanisms like rupee trading and barter trading “especially under the new circumstances where most countries are facing challenges of foreign currency”.
India’s Ministry of Commerce and Industry is pushing for changes in the country’s Bilateral Investment Treaty (BIT) text for some of its trade partners, but remains adamant that foreign investors must not invoke arbitration until they have exhausted all local remedies. India has gone into negotiations with the EU, where it has stressed that the […]
The central bank governor said the transaction costs during trade with India would reduce with the introduction of the Taka-Rupee dual currency card which was “almost ready (to be) launched from September”. Bangladesh and India, however, stage frontier trading in certain areas called “border hut” in a semi-formal manner where both currencies are exchanged on […]
Samunnati facilitates farm gate procurement to direct export of 275 MT of seedless grapes to Netherlands
2 years ago
Agricultural enterprise Samunnati has facilitated farm gate procurement to direct export of 275 MT of Thomson seedless grapes to Netherlands for the grapes season 2023. To ensure a seamless value chain, Samunnati facilitated farm gate procurement, end-to-end primary processing, cold storage, packaging, and certification, all the way up to the export stage.
The International Maritime Organisation (IMO) has committed to achieving net-zero emissions by 2050. The goal was agreed upon by all 178 countries who are members of the IMO, with indicative targets of a 20-30% reduction in emissions from 2008 levels by 2030, and a 70-80% reduction by 2040. However, environmental groups have criticised the plan […]
India is expected to play a smaller role in the global sugar export market due to its expanding ethanol program, according to a report by research firm BMI. The country’s goal of achieving increased ethanol blending in gasoline, which will reduce carbon emissions, is leading to the development of additional capacity to produce ethanol in […]
The BB has already given permission to three banks – Sonali Bank, Eastern Bank and State Bank of India (SBI) in Bangladesh – to open nostro accounts with their counterparts in the neighbouring country.
Export, import cost may increase from Jan 2027 as global shipping faces costly decarbonisation measures
2 years ago
The global shipping industry’s decarbonisation measures may increase the cost of exports and imports from January 2027, a report by GTRI said. IMO has notified its commitment to decarbonise the sector and achieve net-zero emissions by 2050 and has also set interim targets to reduce emissions. While IMO’s recommendations are not legally binding, countries are […]