India’s ethanol program will cap future sugar exports, says research firm BMI

India is expected to play a smaller role in the global sugar export market due to its expanding ethanol program, according to a report by research firm BMI. The country’s goal of achieving increased ethanol blending in gasoline, which will reduce carbon emissions, is leading to the development of additional capacity to produce ethanol in […]

The BB has already given permission to three banks – Sonali Bank, Eastern Bank and State Bank of India (SBI) in Bangladesh – to open nostro accounts with their counterparts in the neighbouring country.

The global shipping industry’s decarbonisation measures may increase the cost of exports and imports from January 2027, a report by GTRI said. IMO has notified its commitment to decarbonise the sector and achieve net-zero emissions by 2050 and has also set interim targets to reduce emissions. While IMO’s recommendations are not legally binding, countries are […]

Such a system would allow customs authorities to know beforehand the contents and arrival time of cargo. The information can then be used to pre-clear the consignments or keep them for further checks based on the contents and the information thrown up by the risk-assessment system.

India has set a target of exports of $1 trillion each in goods and services by 2030. The aim is to raise the country’s share of exports in global trade to 3% by 2027 and 10% by 2047 from the current 2.1%.

The India-UK bilateral trading relationship was worth Pound 34 billion in 2022, growing by Pound 10 billion ( Rs 102 crore) in one year, according to official UK government statistics. During the visit, the minister is also expected to meet with the ministers and officials from the EFTA member countries, (Switzerland, Norway, Iceland, and Liechtenstein), […]

Commerce and industry minister Piyush Goyal is set to visit the UK on July 10-11 to discuss a free trade agreement (FTA) and review progress on progressing another similar pact with the European Free Trade Association. The visit will include meetings with UK ministers and representatives from various sectors and industries. Both the UK and […]

External Affairs Minister S Jaishankar on Saturday said that India and Tanzania have started trade settlements in local currencies and this new initiative will help in promoting commerce between the two countries. Addressing industry leaders at a function, the minister said India-Tanzania bilateral trade has seen very strong growth, and stood at USD 6.4 billion […]

The Directorate of Revenue Intelligence (DRI) has sent notices to seven exporters who were allegedly exporting restricted products. The directorate has confiscated some shipments of chemicals, minerals, metal and alloys and some essential commodities, which were under the special chemicals, organisms, materials, equipment and technologies (SCOMET) list, officials said. The shipments were confiscated by the […]

Some Indian refiners, including a private refiner, have paid for some Russian oil imports in Chinese currency Yuan following such demands from suppliers, according to people familiar with the matter.