March 5, 2026
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India records Trade Deficit with 9 out of 10 Trade Partners in FY24

May 28, 2024 Export - Import, Business, Economy, Global Trade, Trade, Trending News
NEW DELHI : India recorded a trade deficit with nine of its top ten trading partners during the 2023-24 fiscal year, according to official data released today. The deficit increased significantly with major economies

CBC Chairman said India’s development path will not be the same as China’s

May 27, 2024 Trade, Business, Economy, Global Trade, Trending News
NEW DELHI : Chairman of the Capacity Building Commission Adil Zainulbhai has said that, as India moves towards the mission of ‘Viksit Bharat’ and becoming a developed country by 2047, the development path for

The First meeting under India-UAE CMAA took place between CBIC and UAE Customs

May 27, 2024 Customs, COMMERCE, Economy, Global Trade, Trade, Trending News
NEW DELHI : The First meeting under India-UAE CMAA took place between CBIC and UAE Customs on 23rd May 2024. Both sides, led by Chairman CBIC, Sh Sanjay Kumar Agrawal and H.E. Ahmad Abdullah

Brazil, EU urge India for timely notifications on sugar subsidies at WTO

May 27, 2024 Trade, Business, Economy, EXPORT, Global Trade, Trending News
NEW DELHI : A group of WTO member countries, including Brazil, Canada and the European Union, have urged India to submit timely notifications on sugar subsidies in the World Trade Organisation, an official said.

India looking for FTA & SAFTA : Maldives Minister

May 27, 2024 Trade, COMMERCE, Economy, Global Trade, Trending News
MALE : According to Maldives, India has initiated efforts to create a Free Trade Agreement (FTA) between the two countries and deliberations are ongoing for achieving it.  “They (India) want there to be a

NYK presents its decarbonization strategy at forum hosted by ADB

May 27, 2024 International Shipping, Economy, Trade, Trending News
MANILLA : Nippon Yusen Kabushiki Kaisha (NYK) participated for the first time in the “Asia and the Pacific Transport Forum” hosted by the Asian Development Bank in Manila, Philippines, on May 17. At the

Maldives to soon launch India’s RuPay Service

May 25, 2024 Trade, Economy, Global Trade, Trending News
MALE : RuPay is the first of its global card payment network in India. Meanwhile, Maldives has not announced any date for the launch of the service. Notwithstanding the turbulence in their bilateral ties,

Red Sea crisis: Container shortage & soaring shipping costs drive up cost of white goods

May 25, 2024 Container, Economy, Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
KIEL (GERMANY) : The ongoing conflict in West Asia, particularly in the Red Sea region has severely impacted global shipping, causing a significant increase in sea freight costs and disrupting the supply chains for

Improved business activity casts doubt over rate cuts

May 24, 2024 Trending News, Business, COMMERCE, Economy, Global Trade, Trade
WASHINGTON/LONDON : Businesses across the globe broadly enjoyed an improved performance this month with activity picking up in the United States and across parts of Asia and Europe, surveys showed on Thursday, giving central

Drewry’s World Container Index increased 16% to $4,072 per 40ft container this week

May 24, 2024 International Shipping, Economy, Logistics, Trending News
Spot freight rates by major route Our assessment across eight major East-West trades: Ocean spot market freight rates against 790 global port pairs
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