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News 15 April 2024

 

What's New...

 

Four Designated Ports Permitted for Maldives Exports – Mundra, Tuticorin, Nhava Sheva Sea Ports and ICD Tughlakabad

·     India Imposes Fresh Port Restrictions on Export of Essential Commodities to Maldives

Export of 10,000 MT of Onions to Sri Lanka through National Cooperative Exports Limited (NCEL) Notified

·     Another 10,000 MT of Onions to UAE through NCEL Allowed

SAED on Crude Export Hiked by Rs. 2800 per tonne to Rs. 9600 from Rs. 6800 per tonne w.e.f. 16 April 2024

Goods Exports Dip 3%, Imports 5% in 2023-24

Overall Exports Surpassing FY23 figures of US$ 776.40 billion to US$ 776.68 billion despite Persistent Global Challenges, Shows the Resolve of the Resilient and Vibrant Exports Sector of the Economy

WTO Members Discuss Ways to Boost Developing Economies’ Participation in Global Trading System

WTO DG Okonjo-Iweala Marks 30th Anniversary of the Marrakesh Agreement

U.S. Commerce Secretary Gina Raimondo Announces Expansion of U.S. AI Safety Institute Leadership Team

U.S. Awards Samsung $6.4 Billion to Bolster Semiconductor Production

Chinese Company Under Congressional Scrutiny Makes Key U.S. Drugs

Nepal Grows Shrubs for Currency Notes!

 

15.04.2024

Gold Hedging Allowed in Gift City

Last Date for Furnishing FORM GSTR-3B for the Month March 2024 Extended to 12 April 2024

Gold Continues to Rise, Hits $2375 per ounce

Oil Falls After Iran’s Strike on Israel, But Supply Risks Remain Elevated

Base Metal Prices Rise in London After U.S., U.K. Ban Russian-Origin Metals

Shanghai is the Sole Commodities Bourse to Stay Open to Russian Aluminium, Copper and Nickel as Sanctions Drive Moscow towards China

Apple Smartphone Sales Slump, Samsung is No.1 Now

·     Market Expands to 289 mn Units

Two New Documents Try to Bring Full Agreement on Fisheries Subsidies

US, UK Hit Russian Metals to Throttle Competitor

“Forced Labours” use Results in Sanction on Chinese Company Manufacturing Work Gloves

Yellen to Attach China at IMF Spring Meet

 

13.04.2024

Rupee Kyat Settlement through Vostro Account to Promote Pulse Import from Myanmar, PNB to Provide Nodal Service

·    Yellow Peas under Strict Monitoring

Sandbox Testing in Communication Networks Standardised

·    TRAI Releases Recommendations on “Encouraging Innovative Technologies, Services, Use Cases and Business Models through Regulatory Sandbox in Digital Communication Sector”

WTO Sees Trade Growth Likely to Pick Up in 2024

Warehouse Rents Slipping on Declining Demand

U.S., U.K. to Ban Exchanges from Dealing in Russian Al, Cu and Nc

U.S. Shareholders Ok US Steel Sale to Nippon

China Tells Telecom Carriers to Phase Out Foreign Chips

·    Intel and AMD Sales will be Hurt

 

12.04.2024

Both Physical Exports and Domestic Supplies Recognized for EO Fulfilment in Adv Authorization

WTO Members Review Six RTA including EU and ASEAN

WTO Provides Access to Comprehensive Data on Services Trade

Customers Flock to Costco to Buy Gold Bars as Gold Near $2400 Peak

Steady Growth Replaces Boom-and-Bust Cycle

The Push for a Better Dengue Vaccine Grows More Urgent

Global Stockpile of Cholera Vaccine Is Gone as Outbreaks Spread

USTR Tai to Fight for Workers at Home, Sec 301 Tariffs under Review

11 Entities of Russia, China and UAE in US Denied Entity List

General Atomics in Beijing Sanctions for Arms Sale to Taiwan

EU to Investigate Chinese Wind Farms in Five Countries

 

 

 

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Last Updated on 16-04-2024