India-UAE trade gap widens to $5 bn post FTA
NEW DELHI : Eight months into a free trade agreement with the United Arab Emirates, India’s trade gap with the Gulf nation has widened by more than $5
CBIC celebrates International Customs Day, 2023
NEW DELHI : The Central Board of Indirect Taxes and Customs (CBIC) and all its field formations observed the International Customs Day, 2023 on 26th January 2023. The
Adani Group seems to invest in Petrochem, mining in Azerbaijan
DAVOS : Asia’s richest man Gautam Adani’s Group is eyeing petrochemical and mining projects in Azerbaijan as the ports-to-energy conglomerate looks to expand the business beyond Indian shores.
SCI and Seven Islands Shipping re-join membership of INSA
MUMBAI : State-owned Shipping Corporation of India Ltd (SCI), India’s biggest ocean carrier by capacity and Seven Islands Shipping Ltd, the country’s second biggest private oil tanker shipping company, have re-joined
Civil society raises concerns at the lack of transparency : IPEF
NEW DELHI : Ahead of India hosting a special negotiating round of the Indo-Pacific Economic Framework for Prosperity (IPEF) next month, the civil society has raised concerns at the lack of transparency
Banks working towards speedy opening of Vostro accounts: IBA Chief
NEW DELHI : The Indian Rupee will soon be used for foreign trade as many countries wish to engage in bilateral trade and India is promoting trade in
Railways uses tax infra to boost freight income
NEW DELHI : Indian Railways is tapping into the indirect tax regime to improve its freight business by cutting down on misdeclaration of goods and profiteering practices. The
Mandatory Maritime Single Window: One year to go
LONDON : IMO hosted “Maritime Single Window 2024 – A window of opportunities”, a two-day Symposium to discuss how Member States can implement MSWs before the January 2024
Europe to Asia reefer rates falls
OSLO : Freight rates on the Europe to Asia trades have begun to follow the wider container market down after a period of resistance. According to a market
Port of New York shatters trade record, but latest shipping data hints at California comeback
NEW YORK : The Port of New York and New Jersey moved almost 9.5 million TEUs (twenty-foot equivalent units) for 2022, the first time in its history the