Chennai: Port Wings News Network: Against the backdrop of encouraging global economic growth and an improved outlook for the shipping industry, the International Union of Marine Insurance (IUMI) gives expert opinion on the current state of the hull, cargo and offshore energy insurance markets at its Spring Conference in Hamburg. …
Read More »Cochin Shipyard Hosts Vigilance Study Circle, Kerala
Cochin: Port Wings News Network: Cochin Shipyard Ltd hosted the fifth anniversary celebrations of VSC Kerala on 23 March 2018. Vigilance Study Circle Kerala is a forum of Vigilance officers working in Public sector undertakings, Banks, Insurance companies etc in Kerala. The meeting was inaugurated by Mr. K V Chowdary, …
Read More »WTO Members Raise Concerns Over US Tariffs on Steel and Aluminium at Goods Council
Chennai: Port Wings News Network: WTO members expressed concern over the United States’ imposition of higher tariffs on steel and aluminium imports and the impact they may have on the global trading system at a meeting of the Council on Trade in Goods on 23 March, the same day the …
Read More »Industry Should Target Export-driven Growth: Commerce Minister Suresh Prabhu
Mumbai: Port Wings News Network: The Union Minister for Commerce & Industry, Shri Suresh Prabhu has said that we can say no to plastics, but we need to say yes to environment-friendly plastic, which he said is nothing but biodegradable plastic which can be recycled. Stating that plastic has a …
Read More »Nitin Gadkari Inaugurates Inland Ferry Services in Goa
Panaji: Port Wings News Network: Union Minister of Road Transport and Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation Shri Nitin Gadkari on 20 March inaugurated the Inland ferry services in the port city of Vasco in Goa. In his keynote address, the Minister said that while addressing …
Read More »Big Decelerating Trend in Export Growth Major Worry: FIEO President
New Delhi: Port Wings News Network: The exports data for February, 2018 are not encouraging, said Mr Ganesh Kumar Gupta, President, FIEO, as engineering, apparels, gems and Jewellery, cotton textile and carpets are showing negative growth. Leaving petroleum exports, the overall growth comes to 1% in February. We are worried …
Read More »Tirupur Exporters Association Welcomes TN Govt’s Integrated Textile Policy
Chennai: Port Wings News Network: Tirupur Exporters Association (TEA) has welcomed the Tamil Nadu Government’s announcement of new Integrated Textile policy in Budget presented by Minister of Finance Shri O Panneerselvam in Tamil Nadu Assembly on 15 March 2018. In a press release issued today, Shri. Raja M Shanmugham, President …
Read More »Discontinuance of LoU/LoC Will Have Limited Bearing on Exports: FIEO
New Delhi: Port Wings News Network: Reacting to the RBI Notification discontinuing Letter of Undertaking (LoU) and Letter of Comfort (LoC), Mr Ganesh Kumar Gupta, President, FIEO said that the move will have limited impact as such instruments were being used by about 5% of the importers particularly by large …
Read More »Tirupur Exporters Association Welcomes Extension Of IGST Exemptions
Chennai: Port Wings News Network: In the 26th GST council meeting held on 10 March 2018, it has been decided to extend the exemption of IGST payment for imports of machinery under EPCG scheme and inputs, raw material under Advance Authorization Schemes up to 01.10.2018, further six months beyond 31.03.2018. …
Read More »GST Council Decides Extension of Tax Exemptions for Exporters for Six Months
New Delhi: Port Wings News Network: Sending a strong positive signal to the exporting community, the GST Council in its 26thmeeting held in New Delhi has decided to extend the available tax exemptions on imported goods for a further six months beyond 31 March 2018. Thus, exporters presently availing various …
Read More »