India records Trade Deficit with 9 out of 10 Trade Partners in FY24
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
CBC Chairman said India’s development path will not be the same as China’s
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
The First meeting under India-UAE CMAA took place between CBIC and UAE Customs
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
Brazil, EU urge India for timely notifications on sugar subsidies at WTO
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
India looking for FTA & SAFTA : Maldives Minister
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
RVNL tastes success with Maldives port project, eyes global footprint
NEW DELHI : In 2022, Rail Vikas Nigam Ltd (RVNL) – a Navratna and construction arm of the Ministry of Railways – was appointed as project implementation agency for the
Lulu Group to set up logistics, food-processing centre in Amritsar
ABU DHABI : Lulu Group, a renowned Indian-United Arab Emirates (UAE)-based multinational conglomerate company, is set to launch a logistics and food processing centre located in Amritsar, Punjab. The proposed
Maldives to soon launch India’s RuPay Service
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
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
COPENHAGEN : A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak
Global spot rates soar on Major Asia-Europe and Asia-US trades
LONDON : A combination of factors have combined to send global spot rates reaching for the skies onthe major trades out of Asia to Europe and the US