Spike in freight costs to hit exporters : Ind-Ra
MUMBAI : A recent four-fold spike in container freight costs, could hit Indian exporters’ profit margins and enhance their working capital requirements through 2024-25 if there is no respite soon, with smaller players likely to
Removal of angel tax for startups to help attract investors : Piyush Goyal
NEW DELHI : Commerce and Industry Minister Shri Piyush Goyal on Sunday said that removal of angel tax, which was introduced in 2012 by the UPA Government, for all classes of investors will help
New fund will work to help MSMEs: FM Sitharaman on 45-day payment rule
NEW DELHI : While talking about the central government’s controversial 45-day payment rule, Finance Minister Smt. Nirmala Sitharaman has said that new fund in collaboration with banks by the Centre in the Union Budget
Mundra Customs seizes Rs. 100 Cr worth illicit Narcotic Drug being exported to Africa
AHMEDABAD : Based on intelligence gathered by SIIB (Special Intelligence & Investigation Branch) of Mundra Customs, two export consignments of a Rajkot based merchant exporter destined for West African countries of Sierra Leone and
Bangladeshi garment shippers experiencing delays must pay more as they resort to using air freight
DHAKA : Due to curfews that impeded maritime transport, Bangladeshi garment manufacturers are forced to use expensive airfreight to meet rising consumer demand. However, buyers are unwilling to absorb the increased expenses. Furthermore, sources
Union Budget 2024 is inclusive and innovative, largest industrial park among 12 proposed to be set up in Maharashtra : Piyush Goyal
MUMBAI : Union Minister of Commerce and Industry Shri Piyush Goyal said on Saturday that the Union Budget 2024 is impactful, inclusive and innovative and the country’s largest industrial park will be built in Maharashtra. At a press conference here,
India has highest trade deficit with China but gap narrowing: Goyal
NEW DELHI : India has the highest trade deficit with China in goods but the gap expanded at a lower pace during 2014-15 to 2023-24 as compared to the previous 10 years, Commerce and
Nitin Gadkari stresses MSMEs’ role in innovation and economic growth
NEW DELHI : At the Grand Finale of the HSBC presents CNBC-TV18 SME Champion Awards, Shri Nitin Gadkari, Minister of Road Transport & Highways, spoke about the pivotal role of Micro, Small, and Medium