ECONOMY
Abroad tour prices have surged 10-15 per cent year-on-year on the again of rise in airfares and resort charges, however that has not dented the urge for food of Indian globe trotters, say journey corporations. “Abroad excursions are certainly dearer this 12 months in comparison with final 12 months. A number of elements have contributed to … Read more
India’s CONCOR (Container Company of India) is eyeing a bigger play with introduction of direct port supply (DPD) amenities, introduction of extra tank containers for bulk cement motion; other than end-to-end logistic options with main corporates. Long run settlement with transport strains are additionally anticipated. Talks are in “superior levels”. In keeping with Sanjay Swarup, … Read more
In a transfer aimed toward supporting MSMEs, the Insolvency and Chapter Board of India (IBBI) has proposed a contemporary modification to the company insolvency rules. The proposed change would require company debtor (CD) to reveal firstly of the decision course of as as to if or not they’re registered as a Micro, Small, or Medium … Read more
The Rubber Board has empanelled an company to facilitate the issuance of due diligence certificates for pure rubber and its merchandise exported to the European Union. This transfer aligns with the implementation of the European Union Deforestation Regulation (EUDR). A memorandum of understanding was signed between the Rubber Board and the Hyderabad primarily based TrayamBhu … Read more
In a mega pension deal for presidency workers, the Modi 3.0 Authorities on Saturday introduced the roll-out of a brand new complete pension scheme, Unified Pension Scheme (UPS), for Central Authorities servants, which might probably profit 23 lakh workers. This new scheme — which can come into impact from April 1, 2025 — may also be … Read more
1) The Centre has give you a draft Sugar (Management) Order, 2024, saying technological developments within the manufacturing course of and a number of modifications within the sugar trade over the previous few years have necessitated revamping of the prevailing Sugar (Management) Order, 1966. The draft order has added “by-products” of sugar, whereas dropping a … Read more
The Finance Ministry has imposed definitive anti-dumping responsibility on Chlorinated Polyvinyl Chloride (CPVC) imports from China and South Korea. This responsibility —imposed on Friday— might be legitimate for 5 years. CVPC is a thermoplastic produced by chlorination of polyvinyl chloride (PVC) resin. It’s considerably extra versatile than PVC and might stand up to larger temperatures than … Read more
Pakistan’s central financial institution will experiment with a brand new polymer plastic foreign money banknote later this yr whereas redesigning all the prevailing banknotes for enhanced safety and hologram options. State Financial institution of Pakistan Governor Jameel Ahmed instructed a Senate committee on banking and finance in Islamabad that each one the prevailing paper foreign … Read more
Basmati exporter Vijay Setia, a former president of All India Rice Exporters Affiliation, has written a letter to the federal government in search of evaluation of the present rice export coverage — ban on white non-Basmati rice, 20 per cent export obligation on parboiled non-Basmati rice and minimal export worth of $950/tonne on Basmati rice. … Read more
Prime Minister Narendra Modi and Ukrainian President Volodymyr Zelenskyy have determined to discover all attainable methods to revive bilateral commerce and financial relations to pre-conflict ranges, earlier than Russia attacked Ukraine in February 2022 and in addition develop them additional. Modi, who met Zelenskyy in Kyiv on Friday, urged that Russia and Ukraine ought to … Read more