The Government of India has tightened restrictions on imports of certain jute-based products from Bangladesh, allowing entry only through the Nhava Sheva Seaport in Maharashtra. The Ministry of Commerce & Industry’s Directorate General of Foreign Trade (DGFT) issued the notification on Monday, amending the Import Policy under ITC (HS), 2022 Schedule 1, with immediate effect. Under the […]
A planned visit by U.S. trade negotiators to New Delhi from August 25–29 has been canceled, delaying discussions on a proposed bilateral trade agreement, NDTV Profit reported Saturday, citing sources. The decision pushes back the next round of negotiations, dashing hopes of progress before August 27, when fresh U.S. tariffs on Indian goods are set to […]
The latest initiative is a major leap in strengthening global trade corridors and providing seamless, end-to-end logistics solutions Container Corporation of India, an arm of the Indian Railways, has forayed into a new initiative of providing its containers for export shipments. Concor currently holds 55,000 domestic containers across metros and major cities. These boxes were […]
Indian rice millers and exporters are upbeat about Bangladesh’s “plan to import 9 lakh tonnes of rice”, anticipating a boost in demand and better prices for the cereal, stakeholders said on Sunday. With India accounting for 46 per cent of global rice exports, the country is expected to “emerge as the primary beneficiary of the move […]
Madras high court has clarified that although no licence is required to import ayurvedic drugs into India, it is necessary that the imported products conform to the standards prescribed for similar products manufactured in India. “For such a purpose, it is necessary that such consignments be tested by one of the laboratories accredited to the Central […]
India’s electronics manufacturing industry is grappling with mounting pressure as recent restrictions on gold compound imports have compounded the sector’s ongoing struggle with China’s export curbs on rare earth magnets. As per news agency, industry groups have warned that the dual hit could disrupt production lines, delay investments, and weaken India’s push for electronics self-reliance under […]
The government has reduced the toll rates up to 50 per cent for the sections of national highways that have structures like tunnels, bridges, flyovers or elevated stretches, a move which will lower travelling costs for motorists. User charges at fee plazas on national highways are collected as per NH Fee Rules, 2008. The Ministry of Road Transport and […]
The reduction in import duties on crude edible oils is expected to enhance the competitiveness of domestic refiners, according to a report by CareEdge Ratings. The reduction encourages refiners to prioritize crude imports over refined oils, thereby increasing capacity utilization and refining margins through greater domestic processing. Announced on May 30, the government’s decision to slash […]
Seafood Exporters Association of India (SEAI), Kerala region, sought immediate govt assistance to address a severe crisis affecting the livelihoods of 1.4 million people in the state, following environmental difficulties and export-related challenges. SEAI Kerala president, Premachandra Bhat, said Kerala has declined from its position as the leading seafood exporter to fifth place, primarily due to […]
Any further escalation of the ongoing war between Iran and Israel will have wider implications for India’s trade with West Asian countries, including Iraq, Jordan, Lebanon, Syria, and Yemen, say experts. They said that the war has already started impacting India’s exports to Iran and Israel. The US attacked three sites in Iran early Sunday, inserting itself […]