Mundra Port, Garhi Harsaru ICD get DGFT nod for new vehicle imports

The Indian government has added Mundra Port and Garhi Harsaru Inland Container Depot (ICD) to the list of terminals allowed for importing new vehicles, bringing the total number of ports and ICDs permitting new vehicle imports to 18. The Directorate General of Foreign Trade (DGFT) stated that the move aims to facilitate the import of […]

Increase in international prices of palm oil and the upcoming harvest of mustard crop are some of the other reasons that led to cut in the country’s cooking oil imports. According to SEA, import of cooking oil in January 2024–reported at little more than 12 lakh tonnes–is down by 28% compared with January 2023.

The IMF and World Bank caution that the Israel-Hamas conflict and Red Sea attacks threaten global economy. The war’s prolonged nature could worsen repercussions, especially on shipping through the Suez Canal. UN reports show a significant drop in traffic. IMF’s Georgieva urges for peace, fearing broader consequences. Despite uncertainties, IMF remains optimistic about the global […]

According to the Solvent Extractors Association of India (SEA), about 7,82,983 tonnes of palm oil and 4,08,938 tonnes of soft oil were imported in January this year out of total vegetables oils.

Robert Johnson from the Institute for New Economic Thinking (INET) emphasizes the need for nations to think globally and protect all humans affected by carbon burning. He suggests that low-wage labor may not be the solution for development and discusses the anxiety in Europe regarding migration from Africa and the Middle East.

Uttar Pradesh has transformed from a BIMARU state to a most-favoured state through honest governance. The fight against corruption has seen notable successes in states like Telangana and Andhra Pradesh. The government aims to build an inclusive society and empower the less privileged.

The text circulated on January 29 includes all elements, but the divergent views of the US and EU need to be considered. The US wants market access reforms, while the EU opposes any changes in market access.

The Prime Minister’s Office (PMO) is expected to conduct a review of the potential impact of the Red Sea crisis on trade, as exporters anticipate that trade in March and April may be affected. According to an official, there hasn’t been any adverse impact on exports thus far due to the crisis. However, traders foresee […]

As per the ministry, the government has made concerted efforts to control the high external sector vulnerability inherited from the UPA government. The average current account deficit to gross domestic product has come down significantly to 1.1% between FY15-33, relative to an average of 2.3% of GDP between FY05-14. The ministry highlighted that India was […]

The Indo-Canada Chamber of Commerce (ICCC) highlighted the progress of its India Mission 2024, led by President Murarilal Thapliyal, in enhancing trade relations between India and Canada. The delegation initiated discussions in Delhi, engaging with policymakers and business leaders at various forums.