The commerce ministry on Friday held consultations with key stakeholders, including shipping lines, exporters, container firms, and other departments, to assess the impact of the Iran-Israel conflict on India's overseas trade, an official said. The meeting was chaired by Commerce Secretary Sunil Barthwal.
The Iran-Israel conflict has further increased global economic uncertainties, impacting world trade, including India's exports, as it is expected to drive up both air and sea freight rates, exporters say. They said that India's exports to Europe and counters like Russia may get impacted due to this war.
We have nothing to gain by raising our concerns internationally as our narrative has got entangled with several controversial concepts in the United Nations, asserts Ambassador T N Sreenivasan.
'It is high time that the 'war on terror' is removed from our diplomatic toolbox.' 'Certainly, our parliamentarians have no role in it,' asserts Ambassador M K Bhadrakumar.
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies. Outlining the sector's wish list for the upcoming Union Budget, Organisation of Pharmaceutical Producers of India (OPPI) Director General Anil Matai urged the government to explore methods to incentivise R&D investments, such as deductions on R&D expenses, research-linked incentives for MNCs, and corporate tax concessions.
US central command said that several US personnel are undergoing evaluation for "traumatic brain injuries" and at least one Iraqi service member was wounded in the attack.
The country's exports edged up 1 per cent to $38.45 billion in December 2023 while the trade deficit narrowed to a three-month low of $19.8 billion, official data released on Monday showed. Imports declined by 4.85 per cent to $58.25 billion in December last year due to a dip in crude oil shipments. The previous low in trade deficit - the difference between imports and exports - was recorded in September at $19.37 billion.
The Indian Navy, which regards itself as the 'net security provider' in the Indian Ocean Region, has also stepped up to the plate, with a warship stationed at all times off the Gulf of Aden for counter-piracy tasks. 91 Indian warships have been deployed in the region since 2008, patrolling high risk areas where piracy was rampant.
The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).
Did Sheena Bora board a Jet Airways flight on July 22, 2012, a full three months after her death in April 2012?
The government on Tuesday proposed to extend the period of incorporation of eligible startups by one more year till March 31, 2023 for providing tax incentives, a move aimed at encouraging budding entrepreneurs. Finance Minister Nirmala Sitharaman in her Budget speech said startups have emerged as drivers of growth for the economy and over the past few years, the country has seen a manifold increase in successful startups. Eligible startups established before March 31, 2022 had been provided a tax incentive for three consecutive years out of ten years from incorporation.
Industry body CII has pitched for a reduction in personal income tax rates, decriminalisation of the goods and services tax and a relook at the capital gains tax rates as part of its agenda presented to the government for the forthcoming Budget. Arguing that the GST law already contains adequate penal provisions for deterrence against evasion of taxes, CII has suggested decriminalisation of GST law. Also, the applicability of prosecution provisions should not be based on the absolute amount of tax evasion but should be based on real intent to evade the taxes and a certain percentage of the tax payable, it stated.
The Popular Front of India (PFI) has been extensively using social media for recruiting youths for anti-national activities and one of the modules of the now-banned outfit even had prepared to attack foreigners, especially Jews visiting Vattakkanal, a hill station in Tamil Nadu, officials said.
Concessional rate of tax on dividends received by Indian companies from foreign subsidiaries will be done away with from April 1, a change that may hamper global expansion of Indian companies and compel some firms to move their headquarters out of India to geographies such as Singapore and Dubai. At present, dividends received by Indian companies from their foreign subsidiaries are subject to a concessional tax rate of 15 per cent under Section 115BBD of the Income Tax (I-T) Act. The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill.
In the midst of third wave of COVID-19, Finance Minister Nirmala Sitharaman has come up with an impactful Budget which is balanced, fiscally prudent and growth-oriented, the USA India Chamber of Commerce has said. President of the Boston-based USA India Chamber of Commerce (USAIC) Karun Rishi, however, said it is a matter of concern that the budget lacks tangible measures to increase revenue generation. "Opting to keep the fiscal deficit at 6.9 per cent and increase capital expenditure by 35 per cent is a masterstroke. "The annual budget estimates the effective capital expenditure of Rs 10.68 lakh crore in 2022-23, making up about 4.1 per cent of the GDP," he said. "A phenomenal increase in the government's capital expenditure is likely to facilitate the expenditures on infrastructure and create jobs.
Khan had made inflammatory statements on December 12 last year during the protest near Bab e Syed Gate outside the Aligarh Muslim University in front of more than 600 students. The official also alleged that the Gorakhpur doctor had made objectionable comments against Union Home Minister Amit Shah.
In the first military stand-off between the two Asian giants since 1986, an Indian submarine and two Chinese warships came close to a confrontation in the Bab Al-Mandab Strait, but the situation was resolved when the submarine left the site, the South China Morning Post reported on Wednesday.Though both the Indian and the Chinese government refused to comment on the matter, the report claimed that on January 15, the two warships were followed by the submarine.
Gold and diamond retail chain Malabar Gold & Diamonds will be investing Rs 1,600 crore in FY22 to launch 56 stores globally with 40 across India and 16 internationally in FY22 to further boost its retail presence across the globe. The move is expected to generate over 1,700 jobs. In India, the expansion strategy is centred in states like Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Delhi, West Bengal, Uttar Pradesh, Odisha and Kerala. Internationally, the expansion will be in markets such as Singapore, Malaysia, Oman, Qatar, Bahrain and UAE.
The terror group vowed to avenge his death.
A North Atlantic Treaty Organisation air strike destroyed buildings inside Muammar Gaddafi's office in the capital Tripoli on Monday as forces loyal to the embattled leader pounded western Misurata, despite the regime announcing halt to operations in the besieged city.
Irrfan Khan enjoys the success of his latest film, Paan Singh Tomar, and talks about his career so far.
Libyan leader Colonel Muammar Gaddafi has pledged to remain in his 'land dead or alive' after a number of low-flying North Atlantic Treaty Organisation's jets attacked his compound. Gaddafi made his comments in a televised broadcast to criticise the attack. His whereabouts are not known. "We will not surrender: we only have one choice -- to the end! Death, victory, it does not matter, we are not surrendering," the paper quoted Gaddafi as saying.
A day after rebel militia stormed his Bab al-Azizya compound in Tripoli, Libyan ruler Muammar Gaddafi is on the run. But the war in Tripoli though is far from over. Gaddafi loyalists, outnumbered but active, have been taking on the rebels in pockets of the Libyan capital.
The 22 crew members, including six Indians, of Egyptian merchant vessel MV Suez will reach Karachi before being sent back to their respective countries, Pakistani human rights activist Ansar Burney has said. Burney, who has played a pivotal role in securing the release of the crew, hoped the return of the Indian sailors would be a "gift" to India. Besides the six Indians, there are five Pakistanis and one Sri Lankan among the crew.
Hours after being bundled out of New Delhi, Baba Ramdev targeted Congress president Sonia Gandhi and the United Progressive Alliance government, alleging that his peaceful agitation was treated with unprecedented "barbarism" and vowed to continue his 'satyagraha' against corruption
The much-younger Amoolya has stepped into the role.
Still admitted at the trauma centre, undergraduate Mohammad Tazeen, 19, alleged that he and several others faced a merciless attack" by police. He said he was dragged out of the AMU guest house number 3, thrashed there and again at the Malkhan Singh Hospital, "where nearly 20 of us were taken in police vans supposedly for treatment".
Moving from street to street, Pakistani troops on Sunday captured several key areas in Swat valley's main town Mingora from Taliban as their offensive to regain the control of the restive tribal region entered the decisive phase.
This was revealed in the court on Wednesday through CDs, which contained recorded telephone talks between the attackers and their Pakistan-based handlers intercepted during the siege.
The district administration has blocked internet services in Aligarh since midnight in view of the protests.
A 14-member Indian crew on board a country-made vessel hijacked by Somali pirates in the Gulf of Aden have been rescued in a joint operation by Indian and French warships, the Navy said on Thursday.
One warm sunny day, Abhilasha Ojha stumbles upon the soul of Bahrain.
From Venice and the tower of Pisa, dozens of UNESCO World Heritage sites are deeply threatened by rising sea levels, researchers warned Tuesday. According to a study by researchers at the University of Kiel, in Germany, all but two of 49 United Nations-recognised icons of human civilisation rimming the Mediterranean Sea risk being damaged by the rising watermark, soil erosion, or both, with few options for protecting most of them.
In July last year, a Delhi Court had sentenced Babloo and Shah to life imprisonment for killing Suneja, a Delhi-based businessman, in 1992.
'He also granted the temple freedom from all taxes and decreed that no one could litigate against it ever.'
The petitioner contended that the TNCA is staging the match despite knowing that rain could play spoilsport.
A suicide bomber who hid explosives beneath watermelons in the bed of a pickup truck hit a police headquarters in northern Iraq on Sunday, killing five people and wounding eight others, police and hospital officials said.
The babies, joined at their lower abdomen and born 35 days ago, are normal, healthy and feeding well.
Khan has been in jail since January after he delivered the allegedly provocative speech at the AMU during the anti-Citizenship (Amendment) Act protests in December last year. He is lodged in Mathura jail.
The students were booked under sedition charges after a complaint was filed by BJYM member Mukesh Lodhi.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances