Boosting cooperation in energy, digital infra, ports focus of PM Modi’s visit to UAE

During the visit, Prime Minister Modi will inaugurate the BAPS Mandir, marking the first Hindu temple in Abu Dhabi. The UAE is an important partner for India, with a Comprehensive Strategic Partnership, significant bilateral trade, and foreign direct investments.

The India Electronics & Semiconductor Association (IESA) and the India SME Forum have supported the continuation of prohibition of customs duties on electronic transmissions at the WTO. They argue that it is important for supply chain resilience post Covid.

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.

India and Peru are negotiating a free trade agreement to promote bilateral trade and investments between the two countries. The Global Trade Research Initiative (GTRI) has highlighted the challenge of duty concessions on gold, which accounts for 80% of India’s imports from Peru. Gold, a high-value product with low volume, attracts a 10% basic customs […]

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.

Working capital cycle refers to the period between payments made to suppliers and revenue received from sales. The report also said that pressures on cash flow, although moderate for large entities, will further increase borrowings, especially for sectors such as iron and steel, auto and auto ancillaries, chemicals and textiles, which have seen a year-on-year […]

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 […]