India’s tax on parboiled rice exports has led to a halt in trade activity. However, it is expected to restart after the duty becomes nil post-Oct. 15. The prices for 5% broken parboiled rice in India remained near a record high, while Vietnamese and Thai export rates eased slightly. The prices for 5% broken rice […]
India export duty stifles activity, prices ease in other hubs
Logistics firm Gati expects an 18-20% increase in demand during the festive season, particularly in e-commerce and white goods segments. The company is prepared to handle the surge with its enhanced warehousing and delivery capabilities. Gati has set up a surface transhipment centre and distribution warehouse in Thane district and other centres in Haryana, Indore, […]
The World Trade Organization (WTO) has raised concerns about unilateral environmental measures and trade restrictions. The WTO flagged the European Union’s Carbon Border Adjustment Mechanism (CBAM) and the US’ Inflation Reduction Act as potential trade concerns. This comes before the implementation of the European Union’s Carbon Border Adjustment Mechanism (CBAM) rules for transition from October […]
The government of India has stated that the removal of additional retaliatory duties on US apples, walnuts, and almonds will not negatively impact domestic producers. Commerce and Industry Minister Piyush Goyal said that opposition parties, particularly the Congress, are politicizing the issue without a complete understanding.
India and Russia are planning to start operations on the Eastern Maritime Corridor (EMC), which is expected to reduce the time to transport cargo between Indian and Russian ports by up to 16 days. Currently, it takes over 40 days to transport goods from India to Far East Russia, but with the EMC, it will […]
Removal of additional tarrif on US products will hurt local economy, say Kashmir apple farmers
3 years ago
Regional political parties and apple growers in Kashmir are urging the Indian government to reconsider its decision to remove additional duties on American products, including apples, walnuts, and almonds. They argue that this move would negatively impact local farmers and result in significant losses for the already struggling apple industry. The Ministry of Finance recently […]
The Ministry of Media, Kingdom of Saudi Arabia, concluded its first international edition of Media Oasis in New Delhi. The event showcased the achievements made in more than 20 projects under Vision 2030, aimed at diversifying the country economically, socially, and culturally. The exhibition featured interactive exhibits that allowed visitors to experience these initiatives.
On September 20, Chief Minister Vijayan will reveal the logo and name of the Vizhinjam Port during an event in Thiruvananthapuram. The construction of the Vizhinjam Port is being carried out through a public-private partnership model.
Indian Prime Minister Narendra Modi and Turkish President Recep Tayyip Erdogan discussed various areas of potential trade and investment, defence and security, civil aviation and shipping. Erdogan highlighted India as Turkey’s greatest trade partner in South Asia.
British Prime Minister Rishi Sunak has expressed his desire for a free trade agreement (FTA) with India following discussions with Prime Minister Narendra Modi. Sunak, who recently visited India for the India-led G20 Summit, highlighted his three key aims for the visit: increasing diplomatic pressure on Russian President Vladimir Putin, climate action, and strengthening ties […]