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Union Budget 2025-26: Boost to shipping and aviation sector

February 5, 2025 Ship Building, Aviation, Shipping, Trade, Trending News
NEW DELHI : For long-term financing for the maritime industry, the Union Finance Minister Smt. Nirmala Sitharaman has proposed to set up a Maritime Development Fund with a corpus of Rs 25,000 crore. Announcing

Union Budget 2025 : Modi Govt plans big on shipbuilding

February 4, 2025 Trade, Economy, Finance, Global Trade, Maritime, Ship Building, Trending News
NEW DELHI : In a massive boost to India’s Shipbuilding industry, the Modi Government has accorded the coveted ‘infrastructure’ status for large ships. Finance Minister Smt. Nirmala Sitharaman announced in her speech for Budget 2025-26 on

Piyush Goyal calls Budget 2025-26 a transformational step toward a developed India

February 3, 2025 Export - Import, Business, COMMERCE, Economy, Finance, Trade, Trending News
NEW DELHI : Commerce and Industry Minister Shri Piyush Goyal hailed the Union Budget 2025-26 as a transformational budget, with a balanced and forward-looking approach. “Continuity is evident in the Budget, but very strategic

Economic Survey 2024-25 calls for enhanced deregulation for MSMEs

February 1, 2025 EXPORT, Economy, Finance, Trade, Trending News
NEW DELHI : “The faster economic growth that India needs is only possible if the union and state governments continue to implement reforms that allow small and medium enterprises to operate efficiently and compete

Vizhinjam to emerge as India’s biggest Port : FM Kerala

January 29, 2025 Ports, Business, Economy, Finance, Private Port, Trade, Trending News
THIRUVANANTHAPURAM :  Kerala Finance Minister Shri KN Balagopal on Tuesday announced that Vizhinjam is set to become India’s largest port within the next decade, establishing a new benchmark in the nation’s maritime and port trade. Speaking

MSMEs seek simpler cross-border payment rules, Interest Equalisation for service exports

January 24, 2025 EXPORT, Economy, Finance, Trade, Trending News
NEW DELHI : Micro, Small, and Medium Enterprises (MSMEs) in India contribute around 30% towards its gross domestic product (GDP). As per latest the government data, industry exports have increased from Rs 3.95 lakh

Union Budget 2025 : India may shift focus to railways from road transport in infrastructure push

January 21, 2025 Logistics, Infrastructure, Rail Freight, Railway, Transport, Trending News
NEW DELHI : India will bump up spending on the modernisation of its railways in the upcoming federal budget while marginally increasing allocations to road building, two government sources said. Prime Minister Shri Narendra

Budget 2025: Trade think tank GTRI bats for cut in average import tariff to 10%

January 15, 2025 Import, Economy, Finance, Global Trade, Trade, Trending News
NEW DELHI : The Global Trade Research Initiative (GTRI) proposed six reforms for Budget 2025-26 to boost India’s trade and manufacturing. The proposals include reducing the average import tariffs to around 10 percent to

Government to launch new Credit Guarantee Scheme for MSMEs covering loans up to Rs 100 crore

January 10, 2025 EXPORT, Economy, Finance, Trending News
NEW DELHI ; The government is set to introduce a new Credit Guarantee Scheme for the Micro, Small, and Medium Enterprises (MSME) sector, providing collateral-free loans up to Rs 100 crore. Financial Services Secretary

Piyush Goyal reveals a new export strategy aiming for $2 trillion by 2030

January 8, 2025 EXPORT, COMMERCE, Economy, Finance, Trade, Trending News
NEW DELHI : The government is working on an export strategy to further accelerate the country’s goods and services shipments, Commerce and Industry Minister Shri Piyush Goyal has said. He said the ministry is
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