Prime Minister Narendra Modi has instructed a panel of senior government officials to up the ante on economic diplomacy and rework India’s strategy on boosting exports from the country. The prime minister gave his suggestions to a panel of officials at a meeting where he and his council of ministers were given a presentation on ‘Vision for.

India and Bangladesh on Thursday held discussions on a joint study for the proposed free trade agreement and harmonisation of standards with a view to boost two-way commerce, the government said on Thursday. “Both sides held extensive discussions on a variety of issues of mutual interest, like Border Haats, joint study for the proposed Comprehensive.

The government is working on a scheme to offer rupee and dollar loans at lower rates to exporters to address their liquidity concerns and give a boost to slumping exports. The commerce department has proposed giving rupee credit to exporters at around 7.5% rate of interest and dollar-denominated loans at around 3.5% under the proposed.

Imports of uncategorized items may soon require special licences, with the commerce ministry seeking to curb such imports by shifting them to a restricted list in a month, trade minister Piyush Goyal said. “We have a big problem in our imports of a category called ‘others’. In that category, all sorts of stuff are being put in.

Trade, Imports, Exports for MSMEs: Companies engaged in manufacturing ‘import substitute products’ will now be encouraged by the government to grow their businesses and help the government save foreign exchange, according to MSME Minister Nitin Gadkari. The minister, speaking at an MSME Expo in Aurangabad, reported by PTI, said “there are many industries which are working.

On 16 October 2019, the Indian Directorate General of Shipping (DGS) issued Order No.05 of 2019 prohibiting the use of single-use plastic items onboard ships. The order prohibits the carriage of any such items onboard Indian flagged ships while foreign flagged ships are only prohibited from using any such item while operating in Indian waters..

The Commerce and Industry Ministry has examined revamping of the Special Economic Zone (SEZ) policy to meet the global challenges being faced by Indian exporters, an official statement said on Friday. It has also discussed ways for implementation of the remaining recommendations of Baba Kalyani report on SEZ to facilitate ease of doing business in.

The department of investment and public asset management (DIPAM) has begun roadshows in Canada and Singapore to garner investments for Container Corporation of India, which will be undergoing strategic divestment. Officials in the know said the first round of roadshows is being held in Toronto, Canada, this week, while the second round may be held.

India on Monday sought investment from Singapore in newly launched National Infrastructure Pipeline (NIP), under which the government aims to take up infrastructure development projects worth over Rs 102 trn. During a meeting between Indian Finance Minister Nirmala Sitharaman and Singapore Senior Minister and Coordinating Minister for Social Policies Tharman Shanmugaratnam, it was decided that.

Railway Board Chairman Vinod Kumar Yadav has said no decision has been taken to increase passenger and freight fares. On Thursday, Yadav had said the railways was in the process of “rationalising” its passengers and freight fares. He told reporters here on Saturday the railways will work towards providing better facilities to its passengers and.