India’s leading gas firm, GAIL, has conducted the world’s first ship-to-ship liquefied natural gas (LNG) transfer to reduce shipping costs and cut emissions. GAIL, which has contracted 5.8 million tonnes per annum of LNG from the US, implemented an innovative contractual arrangement to optimize vessel paths, resulting in a significant reduction in CO2 emissions.
GAIL does world’s first ship-to-ship LNG transfer; cuts CO2 emissions
A second Chinese vessel carrying a ship-to-shore crane for the Vizhinjam international deep-sea facility in Kerala has docked at the port. The ship, Zhen Hua 29, received clearance from the Ministry of Home Affairs (MHA) to berth, arriving on November 9.
FinMin asks ministries/departments to follow guidelines on issuance of mobiles, laptops to officers
3 years ago
The finance ministry has directed various departments to follow guidelines for issuing mobiles, laptops, and similar devices to eligible officers of the Government of India for official work. The Department of Expenditure issued guidelines in July, allowing central government officers to receive devices costing up to Rs 1.3 lakh, which can be retained for personal […]
Pilot launch of upgraded electronic bank realisation certificate system for exporters from Nov 15
3 years ago
The commerce ministry plans to soft-launch the revamped electronic Bank Realisation Certificate (eBRC) on November 15. The eBRC is an essential document for exporters, confirming that they have received payment from a foreign buyer. The upgraded system will rely on electronic inward remittance messages transmitted directly by banks to the Directorate General of Foreign Trade […]
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 […]
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 […]
Proposed Vadhavan Port of national interest, people must not believe in propaganda, says JNPA chief
3 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
3 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.