General

New Delhi: Port Wings News Network: India has strong ties with Africa for centuries, and in recent times our development and economic partnership have become stronger. India and African countries share common interests in inclusive growth, trade and investment, and resilient economic partnerships. This was stated by Union Minister of …

New Delhi: Port Wings News Network: Reserve Bank of India (RBI), in consultation with the Government of India (GoI), has rationalized the framework for External Commercial Borrowing (ECB) and Rupee Denominated Bonds and notified a new Policy vide A.P. (DIR Series) Circular No. 17 dated January 16, 2019 in this …

New Delhi: Port Wings News Network: Export Credit extended by Scheduled Commercial Banks has continued to reflect a steady increase, stated Shri Shiv Pratap Shukla, Minister of State for Finance in a Written Reply to a Question in Lok Sabha. As per data compiled by the Reserve Bank of India …

New Delhi: Port Wings News Network: India’s exports to China have grown after several years. India is poised to achieve its highest ever exports to China this fiscal.  Between April-December 2018, exports were USD 12.7 billion which is closer to last year’s exports of USD 13.33 billion. The Department of …

Chennai: Port Wings News Network: The Hon’ble Deputy Chief Minister of Tamil Nadu and Minister of Finance  Thiru. O.Panneerselvam presented the Tamil Nadu Budget 2019-20 in Tamil Nadu Assembly today (8.2.2019). While welcoming the people measures,  Shri. Raja M Shanmugham, President said the Government decision to form Tamil Nadu Infrastructure …

New Delhi: Port Wings News Network: The Reserve Bank of India’s decision to cut repo rate by 25 basis points is a welcome step for exports said Mr Ganesh Kumar Gupta, President, FIEO. As lowering rate, at a time when flow of credit to the MSME sector of exports is …

New Delhi: Port Wings News Network: A high level German delegation led by Dr. Andreas Pinkwart, German Minister of Economic Affairs, Digitalisation and Energy of North Rhine Westphaliamet with Minister of State of Commerce & Industry, C R Chaudhary, in New Delhi on 4 February 2019. Both sides held discussions …

New Delhi: Port Wings News Network: 1st Edition of Logix India 2019 concluded with a roaring success, huge participation and great fan following across the country and globe. The 3-day mega event organized by Federation of Indian Export Organisations (FIEO) saw well over 3000 business to business meetings along with …

New Delhi: Port Wings News Network: The Government has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal said, “The Government has abolished …

Chennai: Port Wings News Network: Hindustan Chamber of Commerce has welcomed the Interim Budget presented by Shri Piyush Goyal, Finance Minister of India. Commenting on the Union Budget 2019, Rajendra Kumar P, President, Hindustan Chamber of Commerce, said that the Budget has largely focused on uplift of agricultural sector and …

New Delhi: Port Wings News Network: Mr Ganesh Kumar Gupta, President, FIEO commenting on the Interim Budget said that direct income support to farmers at the rate of Rs.6,000/- per year and the mega Pension Yojana for unorganised sector workers at the rate of Rs.3,000/- per month would meet the …

New Delhi: Port Wings News Network: Inaugurating the first edition of Logix India 2019 at New Delhi on January 31, 2019, Commerce & Industry and Civil Aviation Minister, Mr Suresh Prabhu said that the commerce ministry is working on draft national logistics policy, aimed at promoting seamless movement of goods …

New Delhi: Port Wings News Network: Over 130 International Logistics and Freight Forwarder companies are attending Inaugural LOGIX INDIA 2019 to develop superior Trade linkages with India in the form of partnerships, joint ventures and 100 per cent foreign entities. Currently India is ranked 44 in the World Bank Logistics …

Chennai: Port Wings News Network: Designer leather products from 28 countries will be displayed in the 34th India International Leather Fair (IILF) – 2019, which will be held from Feb 1-3, 2019, Shri. P.R. Aqeel Ahmed, Chairman, Council for Leather Exports (CLE), has said. Addressing the media on 30 January …

New Delhi: Port Wings News Network: The export data for past two-three months, which are showing low or marginal growth, is a matter of concern to all. This is stated by Mr Ganesh Kumar Gupta, President, Federation of Indian Export Organisations (FIEO). Mr Gupta expects that the budget, though an …