Automobile exports from India recovered in the first quarter with all vehicle segments, including passenger vehicles and two-wheelers, witnessing growth following an improvement in the pandemic situation across various international markets. As per the latest SIAM data, total vehicle exports during the April-June quarter this fiscal stood at 14,19,430 units as compared with 436,500 units in the same period of 2020-21 which saw massive disruptions due to the COVID lockdowns across the country, hampering sales as well overseas shipments. SIAM director general Rajesh Menon told PTI that while two-wheeler shipments were better than previous three years, passenger vehicles, three-wheelers and commercial vehicles export numbers were yet to catch up with numbers in the first quarter of 2018-19 fiscal.
In a move that will bring cheers on the New Year eve to those importing big cars and sports utility vehicles, the government has eased norms doing away with the mandatory requirement of shipping only from the country of manufacture.
The country's exports jumped by 58.23 per cent to $34 billion in March as key sectors such as engineering, gems and jewellery and pharmaceuticals recorded healthy growth rate during the month, according to the Commerce Ministry's provisional data. Exports during April-March 2020-21, however, dipped by 7.4 per cent to $290.18 billion compared to $313.36 billion in 2019-20, the data showed. Imports during 2020-21 contracted by 18 per cent to $388.92 billion compared to $474.71 billion during 2019-20. In March 2020, the exports stood at $21.49 billion, which was a decline of about 34 per cent over March 2019 due to global slowdown induced by the Covid-19 crisis.
The four-five member team, led by NCB's Deputy Director General (northern region) Gyaneshwar Singh, is also likely to visit a few other places and will also record the statement of Prabhakar Sail, an independent witness in the case.
The Indira Gandhi National Open University, in collaboration with the Directorate General of Shipping, Mumbai, invites applications for a admission to its Diploma in Nautical Science Programme leading to a BSc in Nautical Science.\n
More than 300 coastal security exercises have been conducted with state authorities post the 26/11 Mumbai terror attack to beef up the country's security, Indian Coast Guard Director General K Natarajan said on Thursday.
'There's also a possibility of the cyclonic system changing its course, thus avoiding a landfall in Odisha'
The vessel is fitted with a 30-mm power operated gun, two light machine guns, and state-of-the-art navigational and communication equipment, the officials said.
The government brought back former Chennai Police Commissioner T K Rajendran, DGP and Inspector Genral prisons, as Chennai Police Commissioner replacing Ashutosh Shukla.
The cyclone expected to weaken gradually over the next two days.
General Motors aims to grab at least 5 per cent market share in India within the next decade.
A land-attack version of the missile was test-launched from Launch Pad-3 of the Integrated Test Range (ITR). An air force variant was fired from an IAF fighter jet over Bay of Bengal.
A total of 16 secretaries have been appointed to various central government departments.
The crucial black box of the doomed AirAsia jet was on Sunday found in the Java Sea stuck under the debris from the plane's fuselage and will be retrieved on Monday as the major breakthrough in the search raised hopes of unravelling the mystery of the crash soon.
The fate of three crew members onboard Coast Guard's Dornier aircraft that went missing on Monday remained unknown on Wednesday even as Navy deployed a submarine as part of massive search operations off Tamil Nadu coast.
The Republic Day parade, which will begin at around 1030 am, will be a unique mix of the country's military prowess and cultural diversity, depicting the country's growing indigenous capabilities, Nari Shakti and emergence of a 'New India'.
'Pakistan was very mature in the way it dealt with the incident.' 'India too owned up to the accident.' 'The whole incident was resolved quite amicably.' 'Both countries should be proud of how they have handled this situation.'
Like the Shourya and Prahar missiles, the Pralay is powered by conventional solid fuel, and its payload is designed to carry only a conventional warhead.
The Union home ministry on Tuesday allowed opening of shops selling school books and electric fans, services of bedside attendants of senior citizens and public utilities including recharge facilities for prepaid mobile phones during the ongoing lockdown.
In the early 80s, when Indira Gandhi was the prime minister, her son Rajiv was once so engrossed in explaining to his parents-in-law the features of a new navy ship that he gave some nervous moments to a bureaucrat in the defence ministry who feared he might be late for an official event that night.
Singh will succeed Admiral Sunil Lanba who retires on May 31.
On legal front, Wankhede, who the NCB asserted has an impeccable service record, failed to get any relief related to an affidavit on the sensational extortion claims made by the independent witness, Prabhakar Sail, with a special court saying it cannot pass a blanket order barring courts from taking cognisance of the document.
Iran's seizure of a British-flagged oil tanker was allegedly due to a collision with an Iranian fishing boat, Iran's official news agency IRNA said.
India's exports may have touched an all-time high of $422 billion in 2021-22 but recession in key western markets and geo-political crisis due to the Russia-Ukraine war are expected to impact the growth of the country's outbound shipments in 2023. All the global trade promoting factors like political stability, movement of goods, adequate availability of containers and shipping lines, demand, stable currency and smooth banking systems are in disarray. Adding to the woes, COVID cases have again started rising in countries like China, Japan, South Korea and the US.
Late last month, India torpedoed a deal to simplify, standardise and streamline the rules for shipping goods across borders, know as 'trade facilitation', after it demanded concessions on agricultural stockpiling.
Minister of State for Shipping Pon Radhakrishnan said the vessel had more than 32,000 tonne of oil and has been emptied.
This is causing a shortfall of critical ammunition within the army at a time when the MoD is making emergency purchases from the global arms market to cater for a possible clash with China.
In view of the coastal security lapse during 26/11 attack, the Indian Coast Guard has begun augmenting its off-shore strength and the force aims to have 150 ships and 100 twin-engine aircraft by 2020 in its fleet.
As Navy chief, Admiral Singh's immediate priority will be to expedite the long-delayed modernisation of the Indian Navy, including by inducting new warships, submarines and aircraft.
After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.
It is also felt that under the current market conditions, the building is unlikely to garner the kind of funds expected from a prime real estate at Nariman Point
The splendid rock figures around Cappadocia and the silent, eternal ruins of Ephesus made a trip to Turkey even more memorable.
Reports suggest that Russia's biggest oil company, Ukraine's international airport as well as global shipping firm AP Moller-Maersk have been impacted by the attack.
The flight test of the Air Launched Cruise Missile, Ra'ad, which is also known as Hatf VIII, was the seventh since it was first tested in 2007.
Jubilee's irresistible celebration of cinema and all its good, bad, ugly ways lives up to its title, applauds Sukanya Verma.
India's manufacturing sector activities gained further strength in November, and witnessed the strongest increase in production and sales since February on improving market conditions, a monthly survey said on Wednesday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI), increased from 55.9 in October to 57.6 in November, signalling the strongest improvement in the health of the sector in ten months. Moreover, the headline figure was well above its long-run average of 53.6.
'If the almost literally heart-stopping Suez block has any positive outcome, it is to be hoped that it will accelerate the setting up of a fab (perhaps Taiwanese) in India,' asserts Rajeev Srinivasan.
It also expressed confidence that the cleaning operation will be finished in a couple of days.
The subsidy will be credited to bank accounts of farmers against cane price dues and are compliant with WTO norms. This will benefit millions of farmers in Uttar Pradesh, Maharashtra and Karnataka.
Here's a recap of events that occurred in India in the past 24 hours.
