India’s exports register healthy growth to European, Latin American nations in 2023

India’s merchandise exports have recorded healthy growth in European nations like Romania, Czech Republic, Montenegro, Finland, the Netherlands, Portugal, Luxemburg, Iceland, Ireland, and Austria.

India has permitted limited exports of essential commodities like sugar, wheat, rice, and onions to the Maldives, despite strained relations between Male and New Delhi due to increasing Chinese influence. The move comes amid Indian restrictions on exports to manage local prices ahead of elections.

New Delhi has submitted to the multilateral trade body that “promoting interoperability and interlinkages of digital payment infrastructures, including fast payment systems”, can be one of the means to achieve cheaper, faster and more transparent and accessible cross-border payments. The global average cost for sending remittances is 6.18%, higher than the sustainable development goal to […]

US hasn’t asked India to reduce Russian oil imports. No Indian entity sanctioned. Clarifications by US Treasury official. Ananta Centre discusses G7 price cap on Russian oil, emphasizing no restrictions on Russian oil trade.

The US has not asked India to cut Russian oil imports, stating that oil refined in India isn’t technically Russian. US officials emphasized limiting Putin’s profit by curbing Russia’s oil sales avenues. They noted that refined Russian oil sold to Western nations does not violate sanctions. India has informed the US of its intent to […]

SIBUR, Russia’s largest plastics producer, partners with Indian businesses to recycle plastic waste. EcoPartners, co-founded by Gaurav Sood, opened Russia’s largest plant for recycling plastic packaging waste last year. The plant, Total Cycle, in the Tver region, processes plastic waste into PET flakes. SIBUR supports the plant and purchases PET flakes to produce green PET […]

Parboiled rice prices in India have fallen to their lowest level since early February due to sluggish demand. Thai rates also declined for the fourth consecutive week due to a weaker baht. India’s 5% broken parboiled variety was quoted at $540-$548 per ton, down from last week’s $550-$558. The lower prices were attributed to a […]

Foreign Ministry spokeswoman Maria Zakharova assured that Russian oil shipments to India are progressing smoothly without any payment issues.

New Delhi is the largest supplier of seafood, particularly frozen shrimps, to the US and Indian shrimp exporters follow a robust regulatory and safety regime, the official said. There are around 1 lakh shrimp farms in India most of which are in Andhra Pradesh. Refuting reports of poor working conditions and safety standards, the official […]

Indian shrimp exporters prioritize quality and safety, aiming to boost exports to Rs one lakh crore. Strict regulations and audits ensure adherence to world-class standards for supplying marine products to developed markets.