India urges G-20 members to focus on services for enhancing global trade
NEW DELHI: India’s commerce and Industry Minister Suresh Prabhu led the Indian delegation for the G-20 Trade Ministers Meeting (TMM) held at Mar del Plata, Argentina on 14 September 2018. The G-20 TMM was represented by Ministers/Vice Ministers of G20 countries, 8 guest countries and 7 Heads/Deputy Heads of International Organisations such as WTO, ITC, […]
India modifies operational guidelines for Pradhan Mantri Fasal Bima Yojna
NEW DELHI: The Government of India has decided to incorporate the provision of penalties for States and Insurance Companies for the delay in settlement of insurance claims under the Pradhan Mantri Fasal BimaYojana (PMFBY). This crucial provision is part of the new operational guidelines issued by the Govt for the implementation of PMFBY.The farmers will […]
India again extends deadline to impose high import duties on 29 USA products till November 2
NEW DELHI: The government of India , for the second time, has extended the deadline for the imposition of higher customs duties on 29 products, including almond, walnut and pulses, imported from theUnited States of America (USA), till November 2. In June, India decided to impose retaliatory tariffs from August 4. But it was extended […]
India eyes record 285.2 MT foodgrain output in 2018-19
NEW DELHI: The government of India has set a target of record 285.2 million tonne (MT) foodgrain production in the 2018-19 crop year despite deficit rains so far this monsoon. India harvested a record 284.83 MT of foodgrain in the 2017-18 crop year (July-June). The target for 2018-19 crop year was set at a conference […]
Air Tanzania to soon resume direct flights to India
By Shah Imran Ahmed CAIRO: Air Tanzania will soon resume services to India with direct flights to Mumbai from Tanzanian city Dar Es Salaam, an official said on Monday. Air India and Air Tanzania had direct flights between the two countries but the operations were stopped in mid-1990s due to commercial reasons. “Air Tanzania has […]
Indian Rupee sinks to new low of 72.91, drops 22 paise against USD
NEW DELHI: The Indian rupee of Wednesday collapsed to a lifetime low of 72.91 against the dollar at the interbank foreign exchange market. The domestic currency was quoting 22 paise lower at a fresh record low of 72.91 against the US dollar in morning trade amid surging crude oil prices and uanabated foreign fund outflows. […]