Concerned over the fallout of the Red Sea crisis and severe shortage of containers against the backdrop of a steep decline in merchandise exports in August, the Union government is pulling out all the stops to find a solution. To begin with, the government has devised a strategy aimed at boosting container supply and supporting exporters.
India has supported efforts to provide necessary humanitarian assistance to the Palestinian population in Gaza sending consignments of essential items.
The government has banned exports of onion till March next year with a view to increase domestic availability and to keep prices in check. "Export policy of onions... is amended from free to prohibited till March 31, 2024," the Directorate General of Foreign Trade (DGFT) said in a notification. Local vendors in the national capital are selling onions at Rs 70-Rs 80 per kg.
India's gain will be an additional business of $300 million to $400 million per month if 10-11% of Bangladesh's export is diverted to Indian hubs like Tiruppur.
FMCG major Hindustan Unilever on Wednesday reported a 1.53 per cent decline in consolidated net profit to Rs 2,561 crore for the fourth quarter ended March 31, 2024 due to factors such as deflation and softening of commodity prices. The company had posted a net profit of Rs 2,601 crore in the year-ago period, according to a regulatory filing from HUL. Net sales of Hindustan Unilever Ltd (HUL) were almost flat to Rs 15,013 crore in the March quarter.
London Spirit is the Lord's based team participating in England's domestic cricket tournament, The Hundred.
The letter comes after a report by the London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP), alluded to a "fraud" by the Adani Group by selling low-grade coal as high-value fuel in 2013.
Countries that raised concerns about the quality of Indian spices have called for urgent attention and action, Delhi-based think tank Global Trade Research Initiative (GTRI) said on Wednesday. The stakes are high since India exported spices worth about $692.5 million to the United States (US), Hong Kong, Singapore, Australia and Maldives in the financial year 2023-24 (FY24), it said. During FY24, India's spice exports were worth $4.25 billion, accounting for a 12 per cent share of the global spice exports.
The drugs seized include 3,089 kilograms of charas, 158 kg of Methamphetamine and 25 kg of morphine.
Flash targets for Para Shooting World Cup trap finals create controversy.
Adani Group's market capitalisation on Wednesday regained $200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11,300 crore as investors reposed faith on the company denying any wrongdoing in supply of coal to Tamil Nadu power company. With Rs 11,300 crore gain on Wednesday, the apples-to-airport conglomerate gained Rs 56,250 crore in market capitalisation in the last two trading sessions, stock exchange data showed.
Singh, the joint secretary heading the division for Pakistan, Afghanistan and Iran in the ministry of external affairs, held talks with Taliban's foreign minister Amir Khan Muttaqi on Thursday.
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.
Chants of "Amar rahe, amar rahe, Ananth Kumar amar rahe" and "Bharat mata ki jai" rent the air as leaders paid homage and the mortal remains were consigned to flames.
Former England captain David Gower sees Test cricket under absoloutely no threat from the Indian Premier League. Speaking to the Independent, London, the player-turned-cricket broadcaster said though Twenty20 is here to stay, "six weeks' razzle-dazzle is not enough to consign over a hundred years of Test cricket to the dump".
The packets containing cocaine, a powerful central nervous system stimulant drug, were found abandoned on the shore of a creek passing from Mithi Rohar village near Gandhidham town, said Bagmar.
IMAGES from the Premier League matches played on Saturday.
The Narcotics Control Bureau (NCB) on Saturday said it has arrested Jaffer Sadiq, a Tamil Nadu-based alleged dealer of narcotics, in connection with an international drugs trafficking investigation case.
Aarya Aakhri Vaar should have been slicker and more polished than the first, or at least ended with a louder bang, observes Deepa Gahlot.
India and Iran on Monday signed a 10-year contract for the operation of a terminal at the strategically important Chabahar port in Iran, a move that will boost regional connectivity as well as trade ties. This is the first time India will take over the management of an overseas port that will also have a multiplier effect on trade among India, Iran and Afghanistan as efforts continue to directly tap the potential in Central Asia, bypassing neighbouring Pakistan.
The Sittwe deal is more significant than Chabahar in Iran, where India has rights to operate only two terminals and not the port itself.
Bihar Deputy CM Samrat Choudhary on Thursday said that the Bharatiya Janata Party has not given up its resolve to form its own government in the state by accepting Janata Dal-United president Nitish Kumar as the chief minister.
The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the domestic market and contain prices. The decision will come into effect from October 29. Besides, the government has also announced the procurement of additional 2 lakh tonnes of onion for the buffer, over and above the 5 lakh tonnes already procured.
Juventus coach Massimiliano Allegri's decision to consign 40 million euro ($44.16 million) forward Paulo Dybala to the substitutes' bench appears to have backfired after his side's failure to score in their last two games.
The BSF said that it was the fourth drone shot down by them in the last two days.
Leg spinners Ravi Bishnoi and Piyush Chawla excelled at the Wankhede stadium.
Those familiar with intricate Kashmir politics do not rule out further delay in the assembly elections. Primarily, because the BJP having 'invested' so much for so long in Kashmir would try its best to wait a little longer if only to secure the 'gains' it believes to have achieved after its deafening action on August 5, 2019, points out Mohammad Sayeed Malik, the veteran commentator on Kashmir affairs.
Despite a well-tuned 48 from local hero Riyan Parag, Rajasthan Royals struggled against an array of accurate bowlers on a rather slow pitch, meandering to a sub-par 144 for nine against Punjab Kings in their IPL match in Guwahati on Wednesday.
The international cargo operations of two major carriers - IndiGo and Air India Group (Air India and Vistara) - are experiencing opposite trajectories despite both the airlines significantly expanding their international flight offerings over the past year. During the fourth quarter of 2023-24, IndiGo's international non-passenger cargo business declined to 6,848 tonnes. This is an 18.2 per cent year-on-year (Y-o-Y) decrease, according to data from the Directorate General of Civil Aviation (DGCA)
The government on Friday deferred the implementation of the import restriction order on laptops and computers (including tablet computers) by about three months till October 31, a move that gives more time to electronic companies to import these devices without a licence. Nw, these companies would need to take a licence from the government to import these devices from November 1. On August 3, the government put the import of these devices under a licence regime with immediate effect.
Jodhiram Dhurve said he will never be able to forget the accident as he has lost 10 members of his family.
The Inter-Services Intelligence (ISI), which trained a batch of Assam's United Liberation Front of Asom (ULFA) militants in 1991-92, considered the rebel group's chief Paresh Baruah a prize catch and did not want to offend him even after he was unwilling to take the agency's commands on conducting operations in the northeastern state, claims a new book.
The Delhi police has arrested an alleged member of Lashkar-e-Tayiba module operating in Jammu and Kashmir's Kupwara, officials said on Tuesday.
Khalistani separatist Lakhbir Singh alias 'Rode', a designated terrorist under the Indian law, has died recently in Pakistan, where he had taken refuge after his uncle Jarnail Singh Bhindranwale was killed in 1984 during an army action, officials said on Tuesday.
The police have so far seized approximately 1,700 kg of mephedrone from Pune and a couple of locations in Delhi.
The Met department blamed the malfunctioning of sensors kept at the Automated Weather Station for the gaffe.
The final report against a juvenile who was also apprehended in the case will be submitted to the Juvenile Justice Board in Rajouri, a spokesperson of the federal agency said.
However, as of now, container availability has not been seen as an issue as adequate empties are available. The Red Sea strait is vital for 30 per cent of global container traffic and 12 per cent of global trade.
The drone was spotted at Bachiwind village near the international border at 3.21 am on Saturday.
India's merchandise exports dipped marginally in March to $41.69 billion, and by 3.11 per cent during the last fiscal year to $437.06 billion mainly due to continued geopolitical turmoil, and depressed global trade. Imports, too, declined in March as well during the entire 2023-24. Trade deficit, or the gap between imports and exports, narrowed 17.74 per cent in March to $15.6 billion and came down 9.33 per cent to $240.17 billion in FY24.
