Govt proposes new bank to bridge credit gap for MSMEs
NEW DELHI : The government is considering a proposal to set up a separate bank for direct lending to the micro, small and medium enterprises (MSMEs) to deepen
UK surpasses China to become India’s 4th largest export market
NEW DELHI : The United Kingdom (UK) has overtaken China to become India’s fourth-largest export market in May 2024, commerce department data showed. The UK was India’s sixth-largest export destination in May last year. While
HMM takes delivery of LNG-ready HMM Ruby
SEOUL : South Korean shipbuilder Hanwha Ocean has handed over a newbuild LNG-ready 13,000 TEU containership, HMM Ruby, to compatriot shipping company HMM. HMM revealed the ship’s delivery
FMC says D&D cases trebled since pandemic, set to reach historical highs
WASHINGTON DC : Detention and demurrage (D&D) cases handled by the Federal Maritime Commission (FMC) in the United States have trebled since the pandemic and are set to
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
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
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
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
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
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.