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smoothening of the train operations and improved punctuality as well as wagon turnaround time They will facilitate reduction of congestion and increase in rail traffic The projects will generate direct employment for about 3 (Three) crore man-days during construction Financial outgo of the projects will be Rs 12,343 crore (approx.) with likely completion by 2029-30 …

Cabinet approves 6 multi tracking projects across Indian Railways: To facilitate ease of travelling, minimize logistics cost, reduce oil imports and lower CO2 emissions Read More »

Department for Promotion of Industry and Internal Trade (DPIIT) is the Nodal Department for coordinating the initiatives under Ease of Doing Business(EoDB) which are aimed at creating a conducive business environment in India. Series of steps have been taken to enhance EoDB in India by Ministries/ Departments and States/Union Territories (UTs).These include: Reducing Compliance Burden …

DPIIT coordinates initiatives for Ease of Doing Business creating a conducive business environment Read More »

At Chinese New Year event, Chinese acting Ambassador hopes for resumption of travel links  Ma Jia, Chargé d’Affaires a.i. of Chinese Embassy in India India and China trade reached record levels in 2023, said the Chinese envoy to India, indicating that bilateral trade had surpassed 2022 figures despite a slowdown mid-year. Speaking at an event …

India-China bilateral trade hit a new record in 2023: Envoy Read More »

Two-way trade has exceeded $50 billion, driven largely by India’s purchases of Russian oil since the start of the Ukraine conflict in 2022 India and Russia are focused on diversifying bilateral trade to address “huge” imbalances even as Moscow works to attract more Indian firms and investments, Russian ambassador Denis Alipov said on Monday. Denis …

India, Russia focused on diversifying bilateral trade: Russian ambassador Read More »

According to separate notifications of the Central Board of Indirect Taxes and Customs (CBIC) issued last month, the duties have been imposed on gypsum board/tiles with lamination at least on one side. The anti-dumping duties imposed under these notifications will be levied for five years unless revoked, superseded or amended, according to the notifications. India …

India imposes anti-dumping duty on 3 Chinese products for 5 years Read More »

High e-way bill generation usually indicates high collections of Goods and Services Tax (GST) in the following month In October, e-way bills reached a historic high of over 100 million due to heightened festive demand for goods. In December, central and state governments collected INR1.65 trillion in GST revenue. This increase was attributed to businesses …

E-way bills increase in December at 95 million Read More »

The dedicated ecommerce export hubs will have warehousing facilities for easy storage, customs clearance, returns processing, labelling, testing and repackaging. The move is expected to aid sellers relying on online platforms, including social media such as Instagram, to sell their merchandise. India is looking to create a green channel for ecommerce exports on the lines …

Green channel based on China model likely to speed up ecommerce shipments Read More »

Apart from China, some of the other countries where iron ore was exported, albeit in much smaller quantity, are Malaysia and Indonesia Over the last seven years, around 83 per cent of Indian exports went to China, data collected from research firm BigMint show. A year since the withdrawal of Covid restrictions in China, the …

India sees one of the highest-ever iron-ore buying by China in April – Feb period Read More »

Criticising those who compared India with China, Sitharaman said that certain things could not be replicated from them Observing that India was a rich country about 400 years ago, she said that even today there are references to Indian connections in Indonesia and other East Asian countries Union Finance Minister Nirmala Sitharaman on Saturday said …

India will become third top economy in few years, says FM Sitharaman Read More »