Interest Equalisation Scheme for exporters extended for 2 months ; FIEO disappointed
NEW DELHI : The Commerce Ministry on Friday extended pre and post-shipment rupee export credit till August under the Interest Equalisation Scheme (IES) for Micro, Small & Medium Enterprises (MSME) exporters. A notification released
IFS officer Vikram Misri will be the new Foreign Secretary
NEW DELHI : Deputy National Security Advisor (NSA) Vikram Misri was on Friday named the next Foreign Secretary, a government notification said. Misri, a 1989 batch Indian Foreign Service (IFS) officer, will be appointed
Record decline in the share of imported coal in last decade
NEW DELHI : India, endowed with the fifth-largest coal reserves globally, stands as the second-largest consumer of coal, propelled by a fast-growing economy. In overall coal consumption spectrum, the unavailability of coking coal and
PM Gati Shakti scheme is transforming India’s infrastructure: Morgan Stanley
NEW DELHI : In a recent report American multi-national investment bank and financial company Morgan Stanley has all praise for PM Gati Shakti Scheme. The report says India has scaled up its infrastructure strongly
Work on India-UAE leg of $20b trade corridor set to kick off
NEW DELHI : Work on the India-UAE leg of the $20 billion transcontinental India-Middle East Europe Economic Corridor (IMEC), widely viewed as a counter to China’s intercontinental Belt and Road Initiative, is set to
Govt imposes anti-dumping duties on 3 Chinese products
NEW DELHI : Indian Government imposed anti-dumping duties on three Chinese products including hydraulic rock breakers to protect domestic players from cheap imports. These duties were imposed following a recommendation by the Commerce Ministry’s
JSW Infra arm JSW Port Logistics to acquire majority stake in Navkar Corporation
MUMBAI : Sajjan Jindal-led JSW Infrastructure, the second largest private commercial port operator in India, has acquired a 70.37 per cent stake in BSE-listed Navkar Corporation, a logistics firm, for Rs 1,012 crore. According
WTO’s $648 billion funding helps integrate developing economies into global trade
BRUSSELS : The World Trade Organization’s (WTO) Aid for Trade initiative has contributed $648 billion in funding since 2006 to strengthen the export potential of developing economies and least-developed countries (LDCs). This initiative has