Amid the India-Maldives row, the India has allowed for the export of certain quantities of essential commodities for 2024-25 under a unique bilateral mechanism, on the request of the Maldives government.
Fretting over "dumping" by China to Global South-- that is, exporting goods at artificially low prices, President of Central Tibetan Administration of Tibetan government-in-exile Sikyong Penpa Tsering, warned them to be careful while doing business with China.
The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), issued a notification on Wednesday, permitting the export of an additional 10,000 metric tons (MT) of onions to the UAE, facilitated through the National Cooperative Exports Limited (NCEL).
"Russian oil supplies to India are maintained at a steadily high level; no problems arise with determining means of payment for oil exported by Russia," Maria Zakharova, the official spokeswoman for the Russian Foreign Ministry, said at a briefing on Wednesday (Local Time).
ICRA expects a muted 8-9 per cent recovery in revenues of its sample companies to Rs 28,150 crore in the financial year 2025 from Rs 26,000 crore, benefiting from the low base and replenishment of stock in the US and EU regions.
This plan, encompassing 13 key issues, seeks to set the tone for policy direction and governance, fostering a conducive environment for robust export growth.
According to the latest India Development Update by the World Bank, the country emerged as one of the fastest-growing major economies in FY 2022/23, boasting a growth rate of 7.2 per cent.
The World Bank (WB) has said that Nepal's economy is expected to grow by 3.3 per cent in 2024, driven by revived tourism and a pickup in hydropower exports.
According to a report by Jefferies, with an estimated domestic defense opportunity ranging between USD 100-120 billion over the next 5-6 years, the sector anticipates a visible 13 per cent industry Compound Annual Growth Rate (CAGR) from FY23 to FY30.
Defence exports have touched a record Rs 21,083 crore (approximately USD 2.63 billion) in the financial year 2023-24, with a growth of 32.5 per cent over the last fiscal when the figure was Rs 15,920 crore, a Ministry of Defence release said.
Defence Minister Rajnath Singh posted on x," Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed Rs 21000 crore mark for the first time in the history of Independent India! India's defence exports have recahed to the level of Rs.21