Container Rate Surge enters longest stretch since the Pandemic
NEW YORK : The spot rate for shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains
Mundra Port battles congestion amid growing box volumes
MUNDRA : Indian importers and exporters are dealing with considerable cargo delays at Mundra Port, which leads the country’s containerised trade. Local trade sources have raised serious concerns over the congestion plaguing Mundra’s container
MSC introduces new standalone service connecting Asia and South East India
GENEVA : MSC has announced the launch of its new weekly service, Osprey, between Asia and South East India. The Osprey service will offer a direct route and improve transit times between the Asian
GST Council proposes to restrict IGST Refunds on Goods Subject to Export Duty
NEW DELHI : The GST Council recommended important amendments in Section 16 of the IGST Act and Section 54 of the CGST Act. The proposed amendments seek to restrict the refund of IGST in
DGFT and Revenue Dept working on dedicated hubs to boost e-commerce exports
NEW DELHI : In a bid to boost India’s e-commerce exports, the Directorate General of Foreign Trade (DGFT) is working with the Department of Revenue to establish designated e-commerce hubs across the country to
Nitin Gadkari asks industries to establish skill development institutes
NAGPUR : Union Minister of Road Transport and Highways, Shri Nitin Gadkari, on Saturday urged industries to initiate skill development institutes to create a skilled and industry-ready workforce. Addressing the CII-Industry Academia Conclave in
Govt plans global trade promotion body for MSME exports, to be announced in budget
NEW DELHI : The Centre may propose a global trade promotion body focused on boosting MSME exports in the upcoming Union budget, three people aware of the development said. The move comes on the
Boosting Maharashtra’s industrial growth,focus on logistics and power supply : CII
MUMBAI : CII Vice President R Mukundan emphasized the need for improved logistics infrastructure and cost-effective power supply to foster industrial growth in Maharashtra. Mukundan highlighted the significance of last-mile connectivity and reducing power