The move is expected to help ease #containers available presently for #export of containerized cargo and with aim of promoting export of laden marine containers.
Read at 👇
https://www.moneycontrol.com/news/business/government-allows-imported-containers-to-remain-at-indian-ports-for-up-to-nine-months-7506681.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/business/government-allows-imported-containers-to-remain-at-indian-ports-for-up-to-nine-months-7506681.html?utm_source=telegram&utm_medium=social
Moneycontrol
Government Allows Imported Containers To Remain At Indian Ports For Up To Nine Months
The government earlier this month had allowed imported containers to remain at Indian ports and be re-used for a period of six months till March 31, 2022, the new notification allows containers to remain in India for a period of three more months if permission…
As #IndianRailways seeks to attract more cargo from the roads, it's considering innovations with #containers & the boxes that can change the way small businesses use #RailTransport
Mamuni Das ✍️ at
https://www.moneycontrol.com/news/business/gati-shakti-boxes-and-indian-railways-strategy-to-woo-more-cargo-7863591.html
#Railways #Transportation #Cargo #Import #Export
Mamuni Das ✍️ at
https://www.moneycontrol.com/news/business/gati-shakti-boxes-and-indian-railways-strategy-to-woo-more-cargo-7863591.html
#Railways #Transportation #Cargo #Import #Export
Moneycontrol
Gati-Shakti boxes, and Indian Railways’ strategy to woo more cargo
These boxes can change the way small businesses use rail transport, and can increase the revenue of the national transporter considerably
From January 1, 2022, onwards, the codes used to classify every internationally traded item will change. The globally standardised HSN tariff nomenclature will be updated from this day onwards.
Subhayan Chakraborty reports at
https://www.moneycontrol.com/news/business/economy/explained-what-are-hsn-codes-and-why-are-they-changing-7878461.html
#CBIC #export #GST #Tax
Subhayan Chakraborty reports at
https://www.moneycontrol.com/news/business/economy/explained-what-are-hsn-codes-and-why-are-they-changing-7878461.html
#CBIC #export #GST #Tax
Moneycontrol
Explained | What are HSN codes and why are they changing?
Come January 1, 2022, the set of codes used to monitor and regulate global trade by more than 200 nations, will be changing.
Changes in auction rules have pushed up Indian #cardamom prices amidst concerns of sluggish #export demand and weak buying in the domestic #market.
Read here 👇
https://www.moneycontrol.com/news/business/commodities/cardamom-prices-rise-on-new-auction-rules-8066531.html?utm_source=telegram&utm_medium=social
Read here 👇
https://www.moneycontrol.com/news/business/commodities/cardamom-prices-rise-on-new-auction-rules-8066531.html?utm_source=telegram&utm_medium=social
Moneycontrol
Cardamom prices rise on new auction rules
The new measures were aimed at arresting the slide in prices of the spice. Sluggish export demand and weak buying in the domestic market had seen prices falling, and growers were saddled with excess stock.
Measures by the govt’s last year had reined in the prices of edible #oils but with rising #geopolitical tensions and #export restriction by #Indonesia, prices will skyrocket again.
Read more 👇
https://www.moneycontrol.com/news/business/companies/why-edible-oil-prices-are-set-to-surge-again-8158711.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/companies/why-edible-oil-prices-are-set-to-surge-again-8158711.html?utm_source=telegram&utm_medium=social
Moneycontrol
Why edible oil prices are set to surge again
A slew of measures by the government last year had reined in the prices of edible oils such as palm oil, mustard oil and soybean oil but with rising geopolitical tensions and export restriction by Indonesia, prices will skyrocket again, indicate industry…
Even as the govt celebrates India’s highest ever #export turnover of $400 billion, #imports are set to continue their strong rise in the first half of FY23.
Read more 👇
https://www.moneycontrol.com/news/business/imports-set-to-reach-record-high-of-600-billion-in-fy22-8268781.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/imports-set-to-reach-record-high-of-600-billion-in-fy22-8268781.html?utm_source=telegram&utm_medium=social
Moneycontrol
Imports set to reach record high of $600 billion in FY22
Even as the government celebrates India’s highest ever export turnover of $400 billion, imports are set to continue their strong rise in the first half of FY23 led by high prices of crude oil along with gold, diamond and industrial inputs.
The country’s major ports are speeding up projects to raise their #cargo handling capacity as they anticipate a jump in #export and #import traffic in the current financial year and next.
Here’s more information 👇
https://www.moneycontrol.com/news/business/indian-ports-fast-track-efforts-to-increase-cargo-handling-capacity-8391641.html?utm_source=telegram&utm_medium=social
Here’s more information 👇
https://www.moneycontrol.com/news/business/indian-ports-fast-track-efforts-to-increase-cargo-handling-capacity-8391641.html?utm_source=telegram&utm_medium=social
Moneycontrol
Indian ports fast-track efforts to increase cargo handling capacity
Officials at Kolkata’s Syama Prasad Mookerjee Port, Chennai Port, Jawaharlal Nehru Port Trust (JNPT), Mundra Port, Thoothukudi’s V.O. Chidambaranar Port and Cochin Port said they are looking to improve cargo handling efficiency and get rid of supply chain…
The govt’s plan to #export the grain, even when there has been a fall in yield from bad weather, had started speculation India could face a food security problem.
Read more 👇
https://www.moneycontrol.com/news/business/is-the-fear-of-wheat-shortage-valid-8394951.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/is-the-fear-of-wheat-shortage-valid-8394951.html?utm_source=telegram&utm_medium=social
Moneycontrol
Is the fear of wheat shortage valid?
The government’s plan to export the grain, even when there has been a fall in yield from bad weather, had started speculation India could face a food security problem
Indian traders have accelerated purchases of #PalmOil from #Indonesia ahead of an #export ban that kicks in tomorrow, while also booking higher volumes at inflated prices from #Malaysia, reports Subhayan Chakraborty
Read at 👇
https://www.moneycontrol.com/news/trends/current-affairs-trends/palm-oil-crisis-indian-importers-accelerate-buying-from-indonesia-malaysia-before-export-ban-further-restrictions-begin-8413031.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/trends/current-affairs-trends/palm-oil-crisis-indian-importers-accelerate-buying-from-indonesia-malaysia-before-export-ban-further-restrictions-begin-8413031.html?utm_source=telegram&utm_medium=social
Moneycontrol
Palm oil crisis | Indian importers accelerate buying from Indonesia, Malaysia before export ban, further restrictions begin
Despite assurances from Indonesia and Malaysia, Indian importers remain wary of the shortage of palm oil in the two Southeast Asian nations. As a result, they are buying up palm oil before an Indonesian export ban begins on April 28 and Malaysian stocks dwindle…
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🚨 #NewsAlert 🚨
-- Government announces some relaxation in the wheat export notification.
-- Allows wheat consignment already registered with Customs prior to the order.
#Wheat #WheatExport #Export
-- Government announces some relaxation in the wheat export notification.
-- Allows wheat consignment already registered with Customs prior to the order.
#Wheat #WheatExport #Export
#Economy | India, which is the 2nd largest producer of #wheat but accounts for only a 0.47% share of global exports, has prohibited #export but is allowing contracted supplies with valid letters of credit through its ports.
Read more at 👇
https://www.moneycontrol.com/news/business/economy/india-not-a-big-wheat-exporter-needs-to-ensure-food-security-8572571.html?utm_source=telegram&utm_medium=social
Read more at 👇
https://www.moneycontrol.com/news/business/economy/india-not-a-big-wheat-exporter-needs-to-ensure-food-security-8572571.html?utm_source=telegram&utm_medium=social
Moneycontrol
'India not a big wheat exporter, needs to ensure food security'
India, with a marginal share of global wheat exports, needs to balance domestic needs with those of friendly countries, sources in the government have said