Washington, May 14 (IANS) India’s massive fertiliser purchases and subsidy-driven farm policies were cited repeatedly during a heated US Senate hearing this week as American lawmakers and farmers warned that global supply disruptions and soaring input costs were pushing US agriculture deeper into crisis. At the hearing of the Senate Agriculture Committee, witnesses said global fertiliser markets had become increasingly volatile due to geopolitical tensions, export restrictions and supply bottl…
Latest Global Supply Chains News & Updates
Vadodara, May 11 (IANS) Prime Minister Narendra Modi on Monday highlighted global instability and its direct impact on India’s economy, particularly in relation to crude oil dependence and disrupted supply chains, while addressing a programme in Vadodara linked to Sardardham initiatives. Referring to the current international situation, he said the world is passing through multiple overlapping crises.“First the COVID-19 crisis, then global economic challenges, and now increasing tensions in …
New Delhi, May 8 (IANS) Pakistan’s Investment Minister Qaiser Ahmed Sheikh has admitted that the country has lost an opportunity to attract over $8bn in foreign direct investment, mostly from China, and generate half a million industrial jobs between 2018 and 2024, according to an article in the local media.What the minister said is also an indictment of successive governments that have remained in power since the launch of the multi-billion-dollar CPEC initiative, the Dawn reported.By not payin…
Tokyo/New Delhi, April 15 (IANS) External Affairs Minister (EAM) S Jaishankar on Wednesday underlined India’s strong commitment to safe and unimpeded transit passage of maritime shipping while assuring that India will continue to work with like-minded partners to develop supply chain resilience. Delivering remarks at the AZEC-Plus meeting convened by Japan to discuss supply chain disruptions in the energy markets, EAM Jaishankar reiterated New Delhi’s stance that attacks on merchant shipping a…
New Delhi, April 2 (IANS) The government has decided to provide full customs duty exemption on critical petrochemical products till June 30, 2026, amid the ongoing conflict in West Asia and the consequent disruptions in global supply chains, Finance Ministry said on Thursday.The measure, said the ministry in a statement, has been taken as a temporary and targeted relief in order to ensure continued availability of critical petrochemical inputs for domestic industry, reduce cost pressures on down…
New Delhi, April 1 (IANS) The government on Wednesday said it has adequate seed stock available for the upcoming Kharif season amid the West Asia crisis that has hampered global supply chains.Additional Secretary, Agriculture and Farmer Welfare, Maninder Kaur Dwivedi, said during the inter-ministerial briefing that the country has a self-reliant seed system backed by the Indian Council of Agricultural Research (ICAR) and the public sector, in addition to the private sector.Moreover, a robust pip…
New Delhi, March 31 (IANS) The Reserve Bank of India on Tuesday extended the enhanced export credit period of up to 450 days till June 30, 2026, to support exporters facing disruptions due to the ongoing West Asia crisis.The central bank said the decision was taken in view of continuing logistical challenges arising from geopolitical tensions in West Asia.Exporters have been facing delays in shipments and payments due to disruptions in global supply chains and uncertain market conditions.“Due …
New Delhi, March 17 (IANS) The conflict in the Middle East has hit China’s exports due to the disruption in shipping, which has caused goods to pile up in the local warehouses, according to media reports.The report in CBC news came from the Chinese city of Yiwu, which is known as the world’s supermarket, as it is a key supplier of household goods and electronic products to US commerce giants such as Amazon and Walmart, as well as to the Middle East. The report by Chris Brown states that due …
New Delhi, March 13 (IANS) Pakistan is facing a serious shortage of essential medicines as the ongoing conflict in the Middle East disrupts the import of pharmaceutical raw materials and other critical supplies, according to a new report.The neighbour nation’s existing stock of pharmaceutical raw materials is sufficient for only about one-and-a-half months, according to the report in The Express Tribune.The conflict involving Iran, Israel and the United States has led to the suspension of seve…
Washington, March 8 (IANS) US Energy Secretary Chris Wright said on Sunday that the US asked India to purchase Russian oil cargoes that were waiting to unload at Chinese refineries in a bid to stabilise global energy markets during the ongoing conflict with Iran. In an interview to CNN, Wright said the Trump administration directly reached out to India as part of a short-term effort to calm oil markets rattled by disruptions in the Middle East.”I did call up the Indians, as did US Treasury Secre…