Govt extends low tax on edible oil import by another year to cap prices
India, the world’s top edible oil importer, allowed traders to buy crude palm, soybean and sunflower oils at low duties for another year in a move that may sustain overseas purchases and cap prices...
View ArticleOmega Seiki Mobility ties up with Kissan Mobility to deploy 500 electric...
Electric vehicle maker Omega Seiki Mobility on Tuesday said it will deploy 500 electric three -wheelers for last-mile delivery under a strategic partnership with logistics services provider Kissan...
View ArticleGovt slashes windfall tax on crude petroleum to Rs 1,700 per tonne
The government announced a cut in the windfall tax on domestically-produced crude oil to Rs 1,700 per tonne from Rs 2,300 per tonne with effect from Tuesday. The tax is levied in the form of Special...
View ArticleGovt levies 50% export duty on molasses, extends lower import duties on...
The government has imposed 50 per cent duty on exports of molasses, a by-product of sugarcane used as raw material for alcohol production, with effect from January 18. A finance ministry notification...
View ArticleIndia sees December exports boost, but all eyes on Red Sea
Higher exports helped India’s merchandise trade deficit come in lower than expected at $19.8 billion in December, data showed on Monday, though officials signalled that the turmoil in the Red Sea could...
View ArticleConsider giving refunds to exporters in cash for tax remission schemes: GTRI...
The government can consider giving refunds to exporters in cash instead of scrips for tax remission schemes, as it would immediately improve cash flow for them, economic think tank GTRI said on...
View ArticleIndia can become $5 trillion economy much before 2028: Hardeep Singh Puri
Union minister Hardeep Singh Puri on Tuesday asserted that India can become a five trillion dollar economy much before 2028 and said the country’s energy transition needs to be done in an orderly...
View ArticleIndia’s engineering goods exports grow 10.20% in December amid global challenges
Despite various challenges arising out of geopolitical tension and tight financial conditions in major advanced economies, India’s engineering goods exports recorded a year-on-year growth of 10.20 per...
View ArticleSri Lanka’s Colombo port sees jump in traffic amid Red Sea tensions
Sri Lanka’s Colombo port has seen a big jump in container volumes in recent weeks as vessels steering clear of tensions in the southern Red Sea have found it a convenient transit point, officials said...
View ArticleKochi gears up as shipbuilding hub as PM Modi set to dedicate new projects
Kerala’s port city of Kochi is set to become a bustling hub for ship repair and shipbuilding as Prime Minister Narendra Modi is scheduled to inaugurate projects worth ₹4000 crore on January 17, Union...
View ArticleMaersk, Hapag-Lloyd reveal initial service network plan for Gemini
The recently unveiled Gemini Cooperation between Maersk and Hapag-Lloyd has sent ripples through the shipping industry, as it is expected to cause shifts in power dynamics among container shipping...
View ArticleCentre imposes 50% export duty on molasses to boost ethanol production
Central government on Tuesday imposed a 50% export duty on molasses, a byproduct of sugar cane. The decision will come in force from January 18. The decision has been taken given the possibility of a...
View ArticleCommerce Minister urges industry to share NTB concerns in exports
Commerce and Industry Minister Piyush Goyal has declared India’s intention to implement reciprocal non-tariff barriers (NTB) and encouraged the industry to abandon the subsidy mind-set. “I’ve...
View ArticleApollo Supply Chain launches e-commerce fulfilment, D2C shipping service
Apollo group’s logistics services arm Apollo Supply Chain on Wednesday announced the launch of a new comprehensive e-commerce fulfilment and shipping service for D2C (direct-to-consumers) brands. With...
View ArticleGovernment capex will bring down logistics cost, and improve efficiency:...
Finance Minister Nirmala Sitharaman will present the interim budget 2024 on February 1, all economists and experts are hopeful that the government will push the pedal on India’s growth story again by...
View ArticleIn Russia’s egg crisis, Tamil Nadu town hopes to crack export opportunity
A crisis for eggs in Russia may well present an opportunity for Namakkal in Tamil Nadu. Since the escalation of the Russia-Ukraine war in 2022, India became one of the largest importers of crude oil...
View ArticleCochin Shipyard aims to double its turnover to Rs 7k cr by 2028: Sonowal
Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal reviewed the preparation of the key strategic projects at Cochin Shipyard Limited (CSL) in Kochi on Tuesday. According to the...
View ArticleIndian ports log double-digit growth in 10 years, PM Modi says, pledging to...
Prime Minister Narendra Modi on Wednesday said Indian ports have achieved double-digit annual growth in the past 10 years and beaten many developed nations in ship turnaround time. Earlier, ships had...
View ArticlePM Modi dedicates Rs 4,000 crore worth of projects to nation in Kochi
Prime Minister Narendra Modi dedicated projects worth Rs 4,000 crore to the nation on Wednesday, including key strategic initiatives at Cochin Shipyard Limited. The projects comprise a 310-metre-long...
View ArticleShantanu Thakur to Grace Multimodal Logistics Summit 2024 in Gandhidham
India Seatrade is proud to announce the Multimodal Logistics Summit 2024, scheduled for January 19, 2024, at Radisson Hotel Kandla, Gandhidham, Gujarat. This flagship summit is poised to bring together...
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