The Russian government is prepared to ease restrictions on diesel exports to some extent in the near future. This easing of the ban would apply exclusively to diesel exports through pipelines and might include limits on the quantities exported to prevent sudden increases in wholesale prices. However, the prohibition on gasoline exports will continue to […]
Russia may lift ban on pipeline diesel exports in coming days
JSW Infrastructure, a commercial ports operator, aims to become a global company and grow its business, said JSW Group Chairman Sajjan Jindal. He highlighted the potential for creating ports in India that handle not only the country’s cargo but also that of neighboring countries. Jindal also emphasized the high logistics costs in India and the […]
British Prime Minister Rishi Sunak has expressed his commitment to strengthening ties between India and the UK, including the possibility of a free trade agreement. During a reception by the Conservative Friends of India, Sunak reflected on his recent visit to India for the G20 Summit and highlighted the potential for cooperation in various sectors.
The European Union has expressed its willingness to negotiate on global trade norms regarding the purchase, stockpiling, and distribution of food to ensure food security. This is seen as a breakthrough as India and 80 other countries have been calling for a deal on food security, arguing that current rules do not adequately address market […]
India urges WTO members to start text-based talks on finding permanent solution to public food stockholding
3 years ago
India has called for text-based negotiations to find a permanent solution to the issue of public stockholding for food security at the World Trade Organization (WTO). The European Union (EU) has expressed readiness for talks on the matter. The issue was discussed at an agriculture negotiations meeting in Geneva, where the EU responded positively to […]
“More than 400 Indian companies, small and big have invested in Vietnam for a cumulative value of more than USD 1 billion,” India’s Consul General in Ho Chi Minh City, Vietnam, Madan Mohan Sethi said.
Exporters seek govt intervention in providing affordable credit to MSMEs, seek ECLGS extension
3 years ago
India’s exports declined 6.86 per cent to USD 34.48 billion in August, for the seventh month in a row, due to a fall in shipments from key sectors like petroleum and gems and jewellery on subdued global demand. The trade deficit (difference between imports and exports) during the month touched a 10-month high of USD […]
Visakhapatnam Port will reach 100% landlord port model by 2030, says Port Authority Chairman Angamuthu
3 years ago
The Chairman of Visakhapatnam Port Authority, M Angamuthu, has stated that three more public-private partnership (PPP) projects will be awarded by the end of next year, bringing the total number of private berths in the port to 20 by 2025. Angamuthu also expressed confidence that Visakhapatnam will become a 100% landlord port by 2030, with […]
CEPA is a kind of free trade agreement, under which two trading partners significantly reduce or eliminate customs duties on the maximum number of goods traded between them. Besides, they also ease norms to promote trade in services and investments.
India’s share in global exports in labour-intensive sectors declining in last 5 years, says FIEO report
3 years ago
India’s labour-intensive export sectors, including apparels, marine products, plastics, and gems and jewellery, have experienced a decline in global market share over the past five years, according to a report by the Federation of Indian Export Organisations (FIEO). The report also highlighted concerns about a spike in export growth attributed to a rerouting of crude […]