The diplomatic tensions between India and Canada have escalated, with Canada removing 41 diplomats and their dependents from India. This move comes after India called for a reduction in the number of Canadian diplomats in the country. The removal of Canadian diplomats dims hopes for a thaw in diplomatic ties between the two nations. While […]
How India-Canada diplomatic standoff can impact Canadian interests
European Union member states are pushing for a free trade agreement with India, but only if it provides real access to India’s markets, according to Spanish Deputy Trade Minister Xiana Mendez. The EU wants greater access to Indian markets for its cars, alcoholic drinks, and agri-food products, while India is seeking easier visa access to […]
India has no plans to impose restrictions on imports or investments from Canada, despite the deteriorating diplomatic relations between the two countries. The tensions arose after Canadian Prime Minister Justin Trudeau linked Indian agents to the shooting of a Sikh separatist leader. However, Indian officials have stated that the political uproar will not affect trade […]
Finance Minister Nirmala Sitharaman has advocated for the establishment of a locally owned Protection and Indemnity Insurance (P&I) entity in India. She believes that such an entity would reduce the country’s vulnerability to international pressures and provide greater strategic flexibility in shipping operations. The Insurance Regulatory and Development Authority of India (IRDAI) is also keen […]
Investments to the tune of Rs 10 lakh crore were anchored during the three-day Global Maritime India Summit, 2023, which concluded on Thursday.
Sitharaman calls for developing capabilities, legal systems for intl arbitration centre for maritime sector
3 years ago
Indian Finance Minister Nirmala Sitharaman has called for the development of an international arbitration centre for the maritime sector. Sitharaman highlighted the need to improve capabilities and legal systems to meet global standards and enable Indians to lead cases rather than simply assisting senior lawyers in centres like London, Singapore, and Dubai.
The pact will have 26 chapters. Product-specific rules, value addition, change in the chapter heading, and certification are being discussed in the rules of origin chapter, where an in-principle agreement has been reached.
Maharashtra to ban export of molasses in 2023-24 to ensure supplies for alcohol and ethanol
3 years ago
The Maharashtra government has decided to ban the export of molasses, a raw material used for manufacturing alcohol, in the upcoming sugarcane crushing season. This move is expected to impact the state’s revenue as well as the production of ethanol, which is essential for the country’s ethanol blending program.
Vir Kotak, a promoter of JM Baxi Group, has approached the Bombay High Court to intervene in the acquisition of JM Baxi Ports & Logistics by Hapag-Lloyd AG. Kotak claims that the transaction was initiated without his knowledge and has led to the alienation of his rights. The case has been adjourned to November 8.
The Indian government has identified the establishment of a transhipment port at Galathea Bay and a mega port at Vadhavan as priority areas for the ministry of ports, shipping, and waterways. The government also aims to increase cargo transportation on inland waterways and coastal shipping. Additionally, plans for green shipping include technological advancements, availability of […]