General

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. …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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 …