Use technology to catch big fish in illegal cross-border trade, FM Nirmala Sitharaman tells probe agencies
NEW DELHI : Finance Minister Smt Nirmala Sitharaman on Monday told global customs authorities to use technology to nab the big fish in illegal cross-border trade and to share information among themselves to bring
Govt crafts innovative scheme to boost Coastal Shipping
NEW DELHI : The government is weighing an innovative plan to promote coastal shipping by introducing integrated public-private-partnership (PPP) port projects at major ports by clubbing vessel acquisition with viability gap funding (VGF) support. VGF is
India secures over 10 lakh crore investments within three days of unveiling of the Maritime Amritkaal Vision 2047 at GMIS 2023
MUMBAI : The Global Maritime India Summit, 2023, one of the largest maritime summits in the world, anchored ₹10 lakh crores of investment during the three day event, which concluded here today. With this
Finance Minister pushes shipping ministry for faster monetisation of select projects during session on ‘Maritime Financing, Insurance and Arbitration’ at GMIS 2023
MUMBAI : Union Finance and Corporate Affairs Minister Smt Nirmala Sitharaman said that financing, insurance and arbitration and creation of more diverse options is required to boost the country’s ship-building capacity. The Finance Minister
Centre approves Customs clearance facility at Surat Diamond Bourse
SURAT : Ministry of Finance, Government of India has approved custom clearance facility at upcoming Surat Diamond Bourse (SDB) which is going to be inaugurated by Prime Minister Shri Narendra Modi in December this
Fin-Min suggests Niti Aayog to prepare plan to rationalise share of cargo carried by rail, road and waterways
NEW DELHI : Considering the skewed share of cargo transported by road, rail and waterways, the Finance Ministry has asked the Niti Aayog to carry out a study to assess the “optimal freight modal
MANSA hails government’s exemption of 5% integrated GST on ‘ocean freight’ on import from 1st October 2023
MUMBAI : The Finance Ministry has notified changes to the IGST Act exempting payment of 5% integrated GST under reverse charge mechanism on ‘ocean freight’ on imports by CIF (Cost, Insurance and Freight) contract,
FIEO seeks support for MSME exporting units
NEW DELHI : The Federation of Indian Export Organisations (FIEO) has sought extension of the Emergency Credit Linked Guarantee Scheme (ECLGS) till the end of March next year. In a meeting with Union Finance